Grid Metals Corp Stock Price, News & Analysis

Grid Metals Corp. (OTCQB:MSMGF) has announced significant drill results from their Eagle gabbro program and completion of geophysical surveys at the Mayville copper/nickel project in Manitoba. Key highlights include a 70.8m intersection grading 0.85% CuEq at the New Manitoba deposit area. The drilling confirmed a 2 km mineralized trend at the eastern part of the Mayville Complex.

The company is advancing multiple projects including: the Makwa nickel/copper property under a joint venture with Teck Resources, exploration drilling at Falcon West for cesium (previous drilling showed 3.20m of 4.6% Cs2O), and the Eagle gabbro program which intersected copper/nickel sulfide mineralization at three locations. New airborne EM surveys completed in Q4 2024 have identified several strong anomalies that could indicate massive sulfide deposits.

Grid Metals Corp (OTCQB:MSMGF) has announced progress at its Makwa nickel project in Manitoba, following a December 2024 Joint Venture Agreement with Teck Resources. Under the agreement, Teck can earn up to 70% interest by investing $17.3 million ($15.7M in project expenditures and $1.6M in cash/equity).

The company has completed aerial geophysical surveying, identifying several high-priority anomalies potentially indicating massive sulphide deposits. A notable surface sample from the Ore Fault area yielded 5.97% Ni and 0.45% Co. Teck has confirmed funding for an initial 2,500m drilling program.

The survey, conducted by Geotech , covered 1,192-line km using their 30 Hz VTEM MAX system, with additional 245-line km test flights using a new 15 Hz system. Drilling is expected to commence in late summer 2025, pending permits.

Grid Metals Corp (TSXV: GRDM) (OTCQB: MSMGF) is advancing its critical metals exploration initiatives in southeast Manitoba, with a focus on nickel and cesium projects. The company has established strategic partnerships with major industry players, including Teck Resources and the Tantalum Mining of Canada. Grid Metals is positioning itself in the energy transition metals sector, leveraging growing market interest and strategic industry support to advance its exploration activities.

Grid Metals Corp (OTCQB:MSMGF) has announced key corporate changes and project updates. The company appointed Arif Shivji as new CFO, bringing 27 years of financial experience. Grid has improved its working capital position to $900,000 by amending the Bisset gold facility lease agreement, reducing payments from $510,000 to $400,000.

The company completed 28 diamond drill holes totaling 827 meters at its Donner lithium-cesium property, funded by Tantalum Mining (Tanco). The drilling targeted the High-grade dyke, with a 2024 surface sample yielding 17.5% Cs2O. The dyke extends >100 meters vertically and 150 meters north of the main outcrop.

At the Falcon West project, previous drilling highlighted significant cesium intercepts, including 3.20 metres with 4.56% Cs2O and 8.37 metres with 4.12% Cs2O. The company plans to release an updated exploration plan for Falcon West and a new Lucy South cesium drilling program.

Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) has commenced its cesium drilling program at the High-Grade Dyke at the Donner lithium/cesium property in southeastern Manitoba. The company has received an initial prepayment advance of CAD$300,000 from Tanco as part of their cesium supply agreement announced on February 18, 2025, which will fund the ongoing drill program.

Additionally, Grid invites shareholders and stakeholders to visit their Booth #2122 at the Prospectors and Developers Association of Canada (PDAC) Convention, running from March 2-5, 2025 at the Metro Toronto Convention Centre. The PDAC is considered one of the world's premier resources conferences.

Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) has signed a cesium supply agreement with Tanco, securing funding for cesium exploration at its Donner Property. The agreement includes an initial CAD$300,000 prepayment for drilling, with a potential follow-up of CAD$900,000 for project development if successful.

Tanco will have rights to purchase 10,000 tonnes of cesium-bearing material at US$1,500 per tonne (for material grading at least 5% Cs2O). The agreement provides Grid access to the only cesium processing plant in the Western world, located 35 km from the High Grade Dyke target. A recent surface grab sample from the dyke yielded 17.5% Cs2O.

The company also holds promising cesium results at its Falcon West property, including intersections of 3.3m at 10.3% Cs2O and 3.2m at 4.6% Cs2O.

Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) has received TSX-V approval for its option and joint venture agreement with Teck Resources . The company has also received the CAD$400,000 minimum cash payment from Teck, which was due by January 31, 2025, as stipulated in the Agreement. This agreement pertains to funding the Makwa Nickel Project.

Additionally, Grid Metals will be participating at the Vancouver Resource Investment Conference (VRIC) on January 19-20, 2025, at Booth #622 in the Vancouver Convention Centre West. The conference will feature over 120 expert speakers, including economists, money managers, and investors.

Grid Metals Corp has signed a definitive option and joint venture agreement with Teck Resources for the Makwa nickel project in Manitoba, Canada. The agreement grants Teck a two-stage option to acquire up to 70% interest by funding CAD$15.7 million in expenditures and making CAD$1.6 million in cash payments. The initial commitment includes a CAD$400,000 cash payment and CAD$450,000 in minimum expenditures.

The Makwa project features two past-producing nickel sulfide mines and a recent pit-constrained mineral resource estimate of 14.2 MMt at 0.75% Ni Eq grade, including a higher-grade core of 4.8 MMt at 1.26% Ni Eq grade. The project benefits from excellent infrastructure and is located 145 km from Winnipeg.

Grid Metals Corp. has announced positive results from its maiden drill program at the Eagle gabbro within the MM copper/nickel project in Manitoba. The program's initial six drill holes revealed significant copper-rich magmatic mineralization, with highlights including intersections of 44m at 0.93% CuEq and 25m at 1.47% CuEq. The mineralization was found in two areas 400m apart at the southern end of a 4km target trend.

The drilling defined a discrete zone of mineralization averaging 20-30 metres in width, remaining open along strike and at depth. An additional 12 holes have been completed with results pending. The company plans to commence drilling at the ACME target, located ~2km northwest of the current area.