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Grid Metals Corp. - MSMGF STOCK NEWS

Welcome to our dedicated news page for Grid Metals (Ticker: MSMGF), a resource for investors and traders seeking the latest updates and insights on Grid Metals.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Grid Metals's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Grid Metals's position in the market.

News
Grid Metals Intersects 7 m at 1.28% Li2O at over 125 m Below the Previously Deepest Drill Holes at Donner Lake; Provides Project Update
Rhea-AI Summary
Grid Metals Corp. announces positive drill results from the Donner Lake Lithium Project, with significant lithium grades intersected at depth below previous drill holes. The Company plans a fully-funded summer drill program to extend resources. The project is progressing towards a Preliminary Economic Assessment, with optimization studies underway. Grid Metals is also updating the mineral resource estimate for its Makwa Mayville Copper Nickel Project.
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Grid Metals Provides Corporate Update & Announces Participation At PDAC
Rhea-AI Summary
Grid Metals Corp. provides a corporate update, highlighting its drill programs at Donner Lake and Falcon West Lithium Projects. The company aims to upgrade resources and define mineralization zones. Grid is actively pursuing an Advanced Exploration Permit at Donner Lake and applying for funding from the CMIF. Additionally, Grid issued common shares for project acquisition and will be presenting at the PDAC 2024 Convention.
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10.12%
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GRID METALS CORP Exhibiting at Booth 2122, PDAC 2024 Convention in Toronto, March 3-6
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Grid Metals Corp to Attend PDAC Convention in Toronto from March 3 to March 6, 2024
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Grid Metals Corp to Drill Falcon West Lithium Project in Southeastern Manitoba
Rhea-AI Summary
Grid Metals Corp announced the commencement of exploration drilling at its Falcon West Lithium Property, which hosts high-grade lithium and cesium mineralization in historical drill core. The initial target area covers 61,268 hectares and is located in a highly prospective geological region. The company aims to establish the orientation and continuity of several known lithium spodumene bearing pegmatites and increase the overall understanding of the pegmatite emplacement, fractionation, and zonation trends. The goal is to build a large lithium resource base to support long-term spodumene concentrate production for the North American lithium battery manufacturing sector.
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Grid Metals Completes $5 Million Private Placement
Rhea-AI Summary
Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) closed a non-brokered private placement, raising $5,058,882 in two tranches. The Offering included 23,209,000 Special Flow-Through Shares and 1,151,143 Ordinary Flow-Through Shares. Proceeds will be used for resource drilling and exploration at the Donner Lake Lithium Project and Falcon West Lithium Property.
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6.08%
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Grid Metals Completes $4.2 Million First Tranche of Private Placement
Rhea-AI Summary
Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) announces the closure of the first tranche of a non-brokered private placement, raising $4,177,620 through the issuance of 23,209,000 special flow-through common shares at $0.18 per share. The proceeds will be used for resource drilling at the Donner Lake Lithium Project and exploration at Donner Lake and the Falcon West Lithium Property. The financing was primarily purchased by two institutional shareholders, with a second tranche expected to be completed before year-end.
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Grid Metals Corp. Adds Ordinary Flow-Through Shares to Financing
Rhea-AI Summary
Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) announces an amendment to its non-brokered financing, now including Ordinary Flow-Through Shares in addition to Special (Charity) Flow-Through Shares. The Offering will consist of a maximum of 30,000,000 common shares, priced at $0.14 per Ordinary Flow-Through Share and C$0.18 per Special Flow-Through Share, with aggregate proceeds of up to C$5,400,000. The financing will fund exploration of the Company's lithium properties in Manitoba, enabling investors to participate in the critical metals flow-through financing and benefit from tax credits.
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Grid Metals Announces Non-Brokered Private Placement to Advance Donner Lake Lithium Project
Rhea-AI Summary
Grid Metals Corp. (GRDM) Announces Non-Brokered Private Placement to Raise Gross Proceeds of up to C$5,400,000 for Resource Drilling and Exploration at Donner Lake Lithium Project and Falcon West Lithium Property
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2.83%
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GRID METALS CORP Invites You to Join Us at the Red Cloud Fall Mining Showcase 2023
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GRID METALS CORP to present at Red Cloud's 2023 Fall Mining Showcase
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Grid Metals Receives Positive Engineering Study; Primero Report Outlines Viability and Costs of Reconfiguring True North Mill for Lithium Processing
Rhea-AI Summary
Grid Metals Corp. has received a scoping-level mill reconfiguration study for the True North Mill, which examined the viability of processing lithium ore from Grid's Donner Lake property. The study outlined capital costs, operating costs, and mill capacity, giving Grid the confidence to move forward with the mill lease agreement. The initial capex for the mill reconfiguration is estimated at C$50 million, with a processing cost of C$34.81/t processed. Grid is targeting production of ~75,000 tpa of spodumene concentrate from True North.
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Grid Metals Corp.

OTC:MSMGF

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MSMGF Stock Data

13.27M
127.54M
15.34%
14.35%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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Canada
Toronto