Grid Metals Corp Stock Price, News & Analysis

Grid Metals (OTCQB:MSMGF) closed the first tranche of a non‑brokered private placement on October 17, 2025, raising C$1,680,000 via issuance of 14,000,000 common shares at C$0.12 each to a strategic investor.

A second tranche is expected on or about October 30, 2025, potentially issuing up to 7,060,903 common shares and up to 7,575,000 charity flow‑through shares (C$0.198 each) for up to C$2,347,158. Proceeds will fund exploration at the Falcon West cesium project and Bird River Belt targets and general corporate purposes. Securities subject to four‑month hold and TSXV final approval.

Grid Metals (OTCQB:MSMGF, TSXV:GRDM) announced a proposed non‑brokered private placement to raise up to C$4,027,158 via issuance of common shares and flow‑through shares in two tranches closing on or about Oct 15, 2025 and Oct 30, 2025. The First Tranche issues 14,000,000 common shares at C$0.12 each (C$1,680,000). The Second Tranche may issue up to 7,060,903 common shares at C$0.12 and up to 7,575,000 CFT flow‑through shares at C$0.198.

Proceeds will fund exploration at the Falcon West cesium project and Bird River Belt targets; CFT proceeds qualify for Manitoba’s 30% mineral exploration tax credit. Shares will carry a four‑month plus one day hold. No warrants or finders’ fees were announced.

Grid Metals Corp. (OTCQB:MSMGF) has received an exploration drill permit from Manitoba for its Falcon West Lithium/Cesium Property, located 110 km east of Winnipeg. The company plans to commence drilling in September 2025, targeting the Lucy South cesium zone, which has shown historical high-grade cesium values in pollucite mineral.

The project is significant as cesium is classified as a rare critical metal by both Canadian and U.S. governments, with only three global mining locations historically. The company's previous drilling in 2024 revealed notable results, including a 3.2m intersection grading 4.56% Cs2O containing both pollucite and spodumene minerals.

Grid Metals Corp. (OTCQB:MSMGF) has announced a significant nickel sulfide discovery at its Makwa Ni-Cu-PGE project in Manitoba, where it has a Joint Venture Agreement with Teck Resources. The newly identified "Pavo Anomaly" has revealed semi-massive nickel sulfide mineralization with grades up to 1.1% nickel in surface grab samples.

The discovery features a 600-meter electromagnetic conductor trend and is located in a previously unexplored area. The company plans to commence drilling in Fall 2025, following additional prospecting and deep-penetrating ground time-domain EM geophysical surveys. The target model is similar to the Eagle's Nest deposit in Ontario's Ring of Fire district, representing a potential high-grade massive Ni-Cu-PGE sulfide deposit opportunity.

Grid Metals Corp. (OTCQB:MSMGF) announced its participation in THE Mining Investment Event from June 3-5, 2025, in Quebec City, where it will showcase its Manitoba mining projects. The company will highlight its Makwa Ni-Cu Property, under a joint venture with Teck Resources Limited, and the Falcon West Property focused on cesium exploration. Grid also appointed Austin Devaney of Li7 Charged as a cesium advisory expert, leveraging his experience from leading Albemarle's cesium business. The company reported that wildfires in the Lac du Bonnet/Bird River area have restricted access to its Makwa, Mayville, and Donner properties, with roads currently closed due to fire danger.

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.