Grit Metals Stock Price, News & Analysis

European Energy Metals (TSXV: FIN) (FSE: W28) has announced an increase in its previously announced non-brokered private placement. The company is now offering up to 17,600,000 Units at $0.125 per Unit, aiming to raise gross proceeds of up to $2,200,000. Each Unit consists of one common share and half a common share purchase warrant. Each whole warrant allows the holder to acquire an additional common share at $0.20 for two years after closing. The company may pay finder's fees and plans to use the net proceeds for exploration work on its properties and working capital. The private placement is subject to TSX Venture Exchange approval.

European Energy Metals (TSXV: FIN) (FSE: W28) has announced a non-brokered private placement to raise up to $2,000,000. The company plans to issue up to 16,000,000 units at $0.125 per unit. Each unit consists of one common share and half a warrant, with each full warrant allowing the purchase of an additional share at $0.20 for two years.

The company may pay 7% cash finder's fees and issue finder's warrants for 7% of the units placed. Proceeds will be used for exploration work and working capital. The private placement is subject to TSX Venture Exchange approval.

European Energy Metals (TSXV: FIN) (FSE: W28) has discovered widespread Lithium-Cesium-Tantalum (LCT) pegmatite mineralization on its Central Finland Lithium Project. Key findings include:

• Multiple new spodumene-bearing LCT-type pegmatite boulder clusters identified
• 450 rock chip grab samples collected and submitted for analysis
• Pegmatite boulder trains traced over 1200 metres
• Large spodumene pegmatite boulders up to 4+ meters in diameter
• Five new Exploration License applications totaling 10,220 hectares submitted

The company's total holdings now reach 15,770 hectares, with new licenses contiguous to Keliber's and within 1 km of known lithium pegmatite deposits. Significant discoveries were made at Nabba, Jylha, and Tastula prospects, with multiple spodumene-bearing boulder clusters identified.

European Energy Metals (TSXV: FIN) (FSE: W28) has expanded its exploration footprint in Finland, submitting applications for five new Exploration Licenses (ELs) covering 10,220 hectares. This brings the company's total EL holdings to 15,770 ha in the Kaustinen region, an area known for Lithium-Cesium-Tantalum (LCT) Pegmatites. The new licenses are strategically located near Sibanye-Stillwater/Keliber's (SK) operations, which boast resources of approximately 17 million tonnes grading 1% Li2O.

The company's 2024 field program, ongoing since May, includes detailed prospecting, geological mapping, and Base-of-Till sampling. It builds on the 2023 exploration success, which discovered widespread lithium-rich, spodumene-bearing pegmatite mineralization, notably at the Kyrola Prospect. This 850m long boulder field yielded samples with up to 3.84% Li2O, highlighting the area's potential.

European Energy Metals (TSXV: FIN, FSE: W28) has launched its 2024 field exploration programs in Finland. The company holds 250,000 ha of Exploration Reservations and 4500 ha of Exploration Licenses aimed at Lithium-Cesium-Tantalum (LCT) Pegmatites. The exploration will include prospecting, geological mapping, and other methods to refine targets for fall diamond drilling. The program is funded by the company's existing treasury. Highlights from 2023 include the discovery of lithium-rich spodumene-bearing pegmatite in the Kyrola Prospect. Additionally, the company will explore gold in Northern Finland's Central Lapland Greenstone Belt, which hosts several large gold and base metal deposits. CEO Jeremy Poirier expressed excitement about the potential of the Finland projects, emphasizing the strategic significance following Rupert Resources' acquisition in the region. European Energy Metals has also granted 400,000 stock options, including 100,000 to VP Exploration Mike Basha, exercisable at $0.36 for five years.

European Energy Metals (TSXV: FIN) has released an independent technical report for its Central Finland Lithium Project. The report, titled 'Technical Report on the Central Finland Lithium Project, Central Ostrobothnia, Finland,' is dated May 2, 2024, and details historical and recent mineral exploration efforts. It also provides recommendations for future exploration and evaluation. David Murray, P.Geo., President and Principal Consultant of Resourceful Geoscience Solutions , prepared the report in accordance with National Instrument 43-101 standards. The report is available on the company's website and SEDAR+.

European Energy Metals will participate in the 2024 CG Global Metals & Mining Conference in Palm Desert, California, from May 7th to 9th. The company invites shareholders and investors for 1 on 1 meetings to discuss opportunities. CEO Jeremy Poirier emphasizes the importance of investor outreach as the company enters an active exploration season in Finland.

European Energy Metals has announced the granting of 1,150,000 stock options to its directors and officers, with each option exercisable to acquire one common share at an exercise price of $0.36 for five years. The options have a one-year vesting period, with 25% vesting on July 30, 2024, and the remainder vesting every three months thereafter.

European Energy Metals (TSXV: FIN) has completed the acquisition of the Finnish Pegmatite Project from Capella Minerals by paying $250,000 in cash and issuing 1,100,000 common shares. Capella received a 2% net smelter royalty, with the option for the Company to repurchase half for 1,000,000 Euro. The CEO stated plans for upcoming exploration programs.