Grid Metals Corp. reports mineral exploration developments for critical-metal projects in Manitoba. Company news centers on drill assays and technical updates from the 100%-owned Falcon West property, where the Lucy South lithium-cesium-tantalum pegmatite hosts pollucite-bearing cesium mineralization, spodumene-associated lithium, and related tantalum and rubidium values.
Recurring updates also cover project-level activity across Grid's Manitoba portfolio, including the Donner lithium-cesium property and the Thompson East copper-nickel project. News items include exploration results, mineral-target definition, material agreements, joint venture or option arrangements, and governance matters tied to the company's public mineral exploration business.
Grid Metals (MSMGF) has adopted an advance notice by-law governing shareholder director nominations and scheduled its annual and special meeting. The meeting is set for November 17, 2026, at 11:00 a.m. Eastern Time in Toronto. The by-law establishes nomination deadlines and information requirements. Shareholders will vote on ratification; if rejected, it ceases to be effective when the meeting ends.
Grid will also seek disinterested shareholder approval to ratify Waratah Capital Advisors as a control person under TSX Venture Exchange policies. Waratah holds or controls 45,289,495 shares, approximately 19.4% of outstanding common shares, and can nominate two of five directors. Approval requires a majority of disinterested votes cast, excluding Waratah and its associates and affiliates. Other business includes director elections, the 10% rolling equity incentive plan and authority for the board to determine its size within the articles' range.
Grid Metals (MSMGF) engaged AECOM to prepare mine planning and permitting work for its Lucy South cesium deposit at Falcon West. AECOM will prepare a high-level mine plan, site design and infrastructure requirements list for an Environment Act License application, which it will complete with Grid's assistance. Grid operates the joint venture with an 85% interest; Avenir Minerals holds 15%.
Mineralogical studies, metallurgical testing and engagement activities are underway. Grid aims to produce a saleable concentrate on site using crushing and ore sorting without water. Lucy South's measured resource contains 51,500 tonnes at 2.58% cesium oxide and 1.47% lithium oxide.
The board approved 850,000 stock options on October 6, 2026: 450,000 for two investor relations consultants and 400,000 for another consultant. Both groups have a $0.20 exercise price and a 36-month term, with different vesting schedules.
Grid Metals (MSMGF) announced its maiden measured mineral resource at the Lucy South cesium deposit on its Falcon West Property. Effective September 25, 2026, the estimate contains 51,500 tonnes at 2.58% cesium oxide and 1.47% lithium oxide, including 1,322 tonnes of contained cesium oxide. Within that resource, the higher-grade Pollucite Zone contains 15,600 tonnes at 5.19% cesium oxide and 1.76% lithium oxide.
Grid owns 85% of Falcon West and operates the joint venture with Avenir Minerals, an Agnico Eagle Mines subsidiary. The resource averages approximately 20 metres below surface and remains partly open in three directions. Grid plans winter exploration drilling and is advancing environmental studies, community and government engagement, metallurgical testing and permitting preparation toward commercial production. Testing will evaluate whether ore sorting can produce an on-site concentrate.
Grid Metals (MSMGF) will attend four investor conferences from October 1 through November 4, 2026, to discuss its projects.
The events are Noble Capital Markets’ Emerging Growth Virtual Equity Conference (October 1–2), the New Orleans Investment Conference (October 28–31), the Central Canada Mineral Exploration Convention (November 2–3), and the TAKESTOCK Calgary Investor Forum (November 4). CEO Robin Dunbar will present virtually at the Noble conference on October 2 at 12:30 p.m. Eastern Time.
Grid Metals (MSMGF) has engaged ICP Securities to provide automated market making services for its shares starting September 11, 2026.
ICP will use its ICP Premium® algorithm and be paid a monthly cash fee of C$7,500 plus applicable taxes, funded from Grid’s cash reserves. The initial term is four months with automatic one‑month renewals unless either party gives at least 30 days’ written notice. The agreement has no performance factors, stock options, or other non‑cash compensation, and ICP currently holds no interest or rights in Grid securities. ICP is an arm’s length party and will bear its own trading costs, with activity focused on correcting temporary supply‑demand imbalances. The engagement remains subject to TSX Venture Exchange acceptance.
The release also outlines Grid’s Manitoba mineral portfolio, including joint ventures at Makwa with Teck and at Thompson East with Boliden, and lithium resources at the Donner Property.
Grid Metals (MSMGF) reported positive mineralogical results from the Lucy South pegmatite at its Falcon West Property in Manitoba, confirming pollucite as the dominant cesium-bearing mineral and initiating ore sorting test work. An initial >300 kg composite sample is being shipped to SGS Canada for grinding, blending and assay, with three size fractions to be tested by Tomra in Germany using XRT ore sorting to evaluate Cs2O recoveries and concentrate grades. Mineralogical analyses of 28 drill core samples show a strong positive correlation between Cs2O grade and pollucite content in the Lucy South pollucite zone, with about 30% Cs2O corresponding to roughly 80% pollucite. Pollucite is also identified at Lucy North. Grid aims to assess the potential to produce a saleable 10–20% Cs2O pollucite concentrate. The company also signed 12‑month and 6‑month investor relations agreements with Peterson Capital and Capital Analytica, respectively, involving cash fees and 200,000 stock options, both subject to TSXV approval.
Grid Metals (OTCQB:MSMGF, TSXV:GRDM) has commissioned SGS Canada to complete a maiden cesium and lithium mineral resource estimate for the Lucy South pegmatite at its Falcon West Property in Manitoba, with results expected in the fall of 2026. The estimate will follow NI 43-101 and CIM guidelines and will be supported by a technical report.
Grid also reports final assays from its 2025/26 Phase 2 resource delineation drilling, where 67 holes (3,075 m) at Lucy South intersected pollucite and spodumene mineralization, including intervals up to 14.42% Cs2O and 4.56% Li2O. On July 31, 2026, Grid received TSX Venture approval for a joint venture under which Avenir Minerals bought a 15% interest in Falcon West for C$3.75 million and obtained staged rights to increase its property interest to 30% and its equity stake in Grid to 19.99%.
Grid Metals (OTCQB:MSMGF, TSXV:GRDM) received conditional TSX Venture Exchange approval for its joint venture with Avenir Minerals, a wholly owned subsidiary of Agnico Eagle Mines, on the Falcon West Cesium Property in southeastern Manitoba.
Under the JV Agreement, Avenir acquired an initial 15% interest in the property and joint venture for C$3,750,000 in cash, and will fund its pro rata share of future costs. Grid retains an 85% interest and will operate the joint venture. Avenir holds about 9.9% of Grid’s common shares and has an option to subscribe for up to 19.99% of Grid’s issued and outstanding common shares after publication of a NI 43-101 compliant mineral resource estimate on the property.
Avenir also holds an option to acquire an additional 15% property interest, for a total of 30%, upon completion of a preliminary economic assessment or adoption of a mine plan for Falcon West Cesium.
Grid Metals (OTCQB:MSMGF, TSXV:GRDM) has entered a definitive joint venture agreement with Avenir Minerals, a wholly owned subsidiary of Agnico Eagle Mines, for the Falcon West Cesium Property in southeastern Manitoba. Avenir will acquire an initial 15% interest for C$3,750,000 in cash, with Grid retaining 85% and operatorship, subject to TSX Venture Exchange approval.
Avenir holds an option to increase its property interest to 30% after a PEA or mine plan, at 40% of the project NPV (8% discount rate) multiplied by 15%. It also has an option to raise its equity position in Grid to up to 19.99% at a 10% premium to the 30‑day VWAP following publication of an NI 43‑101 compliant mineral resource estimate. A joint venture management committee will include one representative from each party, with voting rights proportional to their interests. Grid expects the structure to provide non‑dilutive capital and a framework to advance the Falcon West cesium project toward resource estimation, metallurgical testwork and potential development.
Grid Metals (OTCQB:MSMGF) reported new exploration results and geophysics from the Makwa nickel-copper-PGE project in Manitoba, advanced under an option and joint venture with Teck Resources.
Teck may earn 70% by funding $15.7M in work and $1.6M in cash; >$2M has been spent to May 31, 2026. Q4 2025 drilling at the Pavo Anomaly intersected narrow magmatic sulphide intervals over ~250 m strike and ~150 m depth. Borehole and ground EM outlined an untested, highly conductive “Pavo Deep” target near the Ore Fault Corridor. Q1 2026 ground EM at the Ore Fault deposit defined two strong conductors (≈2,000–2,050 Siemens) with 300–400 m depth extent, supported by historical drill intercepts such as 15.0 m at 1.71% Ni and 1.76 g/t Pd, and 11.1 m at 1.98% Ni. Decisions on follow-up drilling at Pavo Deep and Ore Fault are pending.