Grid Metals Announces Strategic $4 Million Private Placement
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 (OTCQB:MSMGF, TSXV:GRDM) ha annunciato un'operazione di private placement non brokerata per raccogliere fino a C$4,027,158 tramite emissione di azioni ordinarie e azioni flow-through in due tranche che si chiuderanno circa il 15 ottobre 2025 e il 30 ottobre 2025. La Prima Tranche emette 14.000.000 azioni ordinarie a C$0,12 ciascuna (C$1.680.000). La Seconda Tranche potrebbe emettere fino a 7.060.903 azioni ordinarie a C$0,12 e fino a 7.575.000 azioni flow-through CFT a C$0,198.
I proventi finanzieranno l'esplorazione presso il progetto Falcon West cesio e gli obiettivi Bird River Belt; i proventi CFT sono idonei al credito d'imposta per l'esplorazione mineraria del Manitoba pari al 30%. Le azioni avranno un periodo di blocco di quattro mesi più un giorno. Non sono stati annunciati warrant o oneri per trovatori.
Grid Metals (OTCQB:MSMGF, TSXV:GRDM) anunció una colocación privada no brokered para recaudar hasta C$4,027,158 mediante la emisión de acciones ordinarias y acciones flow-through en dos tramos que cerrarán aproximadamente el 15 de octubre de 2025 y el 30 de octubre de 2025. El Primer Tramo emite 14,000,000 acciones ordinarias a C$0,12 cada una (C$1,680,000). El Segundo Tramo puede emitir hasta 7,060,903 acciones ordinarias a C$0,12 y hasta 7,575,000 acciones flow-through CFT a C$0,198.
Los ingresos financiarán la exploración en el proyecto Falcon West cesium y los objetivos Bird River Belt; los ingresos de CFT califican para el crédito fiscal de exploración de minerales de Manitoba del 30%. Las acciones tendrán un periodo de bloqueo de cuatro meses más un día. No se anunciaron warrants ni honorarios de buscadores.
Grid Metals (OTCQB:MSMGF, TSXV:GRDM) 비중개 비공개 배정(private placement)을 통해 최대 C$4,027,158의 모회사 주식 및 순수현금성 주식(flow-through shares)을 두 차례로 발행하여 2025년 10월 15일경과 10월 30일경에 마감될 예정이라고 발표했습니다. 첫 차수는 14,000,000주의 보통주를 C$0,12씩 발행하여 C$1,680,000을 마련합니다. 두 번째 차수는 최대 7,060,903주의 보통주를 C$0,12에 발행하고 최대 7,575,000주의 CFT 현금통상 주식(flow-through)으로 C$0,198에 발행할 수 있습니다.
모집자금은 Falcon West cesium 프로젝트와 Bird River Belt 목표에 대한 탐사를 지원하며, CFT 수익은 매니토바주의 광물 탐사 세액공제(30%) 자격을 얻습니다. 주식은 네 달 보름의 보유기간이 부여됩니다. 워런트나 파인더스 수수료는 발표되지 않았습니다.
Grid Metals (OTCQB:MSMGF, TSXV:GRDM) a annoncé une placement privé non brokeré pour lever jusqu'à C$4 027 158 par l'émission d'actions ordinaires et d'actions-flow‑through en deux tranches clôturant vers le 15 octobre 2025 et le 30 octobre 2025. La Première Tranche émet 14 000 000 actions ordinaires à C$0,12 chacun (C$1 680 000). La Seconde Tranche peut émettre jusqu'à 7 060 903 actions ordinaires à C$0,12 et jusqu'à 7 575 000 actions flow‑through CFT à C$0,198.
Les produits serviront à financer l'exploration au projet Falcon West cesium et les cibles Bird River Belt; les produits CFT ouvrent droit au crédit d'impôt pour l'exploration minière du Manitoba de 30%. Les actions seront soumises à une période de blocage de quatre mois et un jour. Aucun warrant ni frais de recherche n'ont été annoncés.
Grid Metals (OTCQB:MSMGF, TSXV:GRDM) kündigte eine nicht brokerbasierte private Platzierung an, um bis zu C$4,027,158 durch Ausgabe von Stammaktien und Flow-Through-Aktien in zwei Tranches zu beschaffen, die am oder um den 15. Oktober 2025 und den 30. Oktober 2025 abgeschlossen werden. Die Erste Tranche umfasst 14.000.000 Stammaktien zu je C$0,12 (C$1.680.000). Die Zweite Tranche kann bis zu 7.060.903 Stammaktien zu C$0,12 und bis zu 7.575.000 CFT-Flow-Through-Aktien zu C$0,198 ausgeben.
Die Mittel dienen der Exploration des Falcon West Cesium-Projekts und der Bird River Belt-Ziele; CFT-Mittel qualifizieren für den Manitoba-Staatksatz-Steuergutschrift für Mineralerkundung in Höhe von 30%. Die Aktien unterliegen einer Sperrfrist von vier Monaten plus einen Tag. Es wurden weder Warrants noch Findergebühren angekündigt.
Grid Metals (OTCQB:MSMGF, TSXV:GRDM) أعلن عن طرح خاص غير وسيط لجمع حتى C$4,027,158 من خلال إصدار أسهم عادية وأسهم تدفق-عبر في مرحلتين، وسيتم الإغلاق في نحو 15 أكتوبر 2025 و30 أكتوبر 2025. المرحلة الأولى تصدر 14,000,000 سهم عادي بسعر C$0.12 للسهم (C$1,680,000). يمكن أن تصدر المرحلة الثانية حتى 7,060,903 أسهم عادية بسعر C$0.12 وحتى حتى 7,575,000 أسهم تدفق-عبر (CFT) بسعر C$0.198.
ستُستخدم العائدات لتمويل الاستكشاف في مشروع فالكُن وست cesium ومواقع Bird River Belt؛ العائدات CFT تؤهل للحصول على ائتمان ضريبي على استكشاف المعادن في مانيتوبا بنسبة 30%. ستخضع الأسهم لفترة حظر تبلغ أربعة أشهر زائد يوم واحد. لم يتم الإعلان عن أي وارنِتس أو أتعاب باحث.
Grid Metals (OTCQB:MSMGF, TSXV:GRDM) 宣布拟进行一项非经纪私募配售，通过发行普通股与流通股在两阶段募集资金，金额最高至 C$4,027,158，预计在约 2025年10月15日 及 2025年10月30日 完成。第一阶段发行 14,000,000 股普通股，单价为 C$0.12，总额为 C$1,680,000。第二阶段最多可发行 7,060,903 股普通股，单价为 C$0.12，并且最多发行 7,575,000 股 CFT 流通股，单价 C$0.198。
募集资金将用于 Falcon West Cesium 项目及 Bird River Belt 目标的勘探；CFT 收益符合马尼托巴省的矿物勘探税收抵免（30%）。股票将有 四个月加一天 的锁定期。未宣布任何权证或寻找人费用。
- Capital raise of C$4.03M to fund exploration
- First Tranche committed: 14,000,000 shares at C$0.12
- CFT proceeds eligible for 30% Manitoba exploration tax credit
- Funding prioritized for Falcon West cesium drilling start
- Potential issuance of up to 28,635,903 new shares diluting holders
- Second Tranche and CFT closing subject to TSXV approval
- Issued shares subject to 4 months+1 day resale hold
Not for distribution to United States Newswire Services or for dissemination in the United States
TORONTO, ON, ON / ACCESS Newswire / October 10, 2025 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) ("Grid" or the "Company") is pleased to announce a proposed non-brokered private placement for aggregate gross proceeds of up to C
The first tranche (the "First Tranche") is expected to consist of the issuance of 14,000,000 Common Shares to the Investor at a price of C
Robin Dunbar, CEO of Grid Metals, commented, "Grid Metals is very excited to welcome an investment by a strategic investor to progress our Falcon West Cesium Property. We believe that Falcon West could be a globally important source of cesium to meet the demand for this highly rare and strategic metal in the near future. We look forward to the start of drilling at Falcon West."
The gross proceeds of the Offering will be used to finance exploration, primarily at the Company's Falcon West cesium project and within the Bird River Belt in southeastern Manitoba targeting nickel, copper and PGM targets, as well as for general corporate purposes with respect to the proceeds raised from the issuance of Common Shares. There are no warrants or finder's fees associated with the Offering.
The proceeds from the issuance of the CFT Shares are intended to be used for exploration of the Company's property portfolio in Manitoba (primarily the Falcon West Cesium Property) and will be used to incur "Canadian exploration expenses" that qualify as "flow-through mining expenditures" as defined in the Income Tax Act (Canada), and for Manitoba purchasers, the CFT Shares will be eligible for the
The First Tranche and Second Tranche are expected to close on or about October 15, 2025 and October 30, 2025, respectively. Closing of the Offering is subject to customary closing conditions, including the completion of definitive documentation and receipt of applicable regulatory approvals (including approval of the TSX Venture Exchange). The Common Shares and CFT Shares will be subject to a hold period of four months and one day from issuance in accordance with applicable securities laws.
In connection with closing of the First Tranche, the Company expects to enter into an investor rights agreement with the Investor, pursuant to which the Company will grant the Investor certain rights, provided that it maintains stipulated ownership thresholds in the Company, including information rights with respect to its properties, participation rights in respect of future equity issuances and the right to nominate a member of the Company's board of directors.
The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Grid Metals Corp.
Grid Metals is focused on exploration and development in southeastern Manitoba with four key projects in the Bird River area.
The Makwa Property (Ni-Cu-PGM-Co), which is subject to an Option and Joint Venture Agreement with Teck Resources Limited ("Teck"). Teck can earn up to a
70% interest in Makwa by incurring a total of CAD$17.3 million , comprising project expenditures (CAD$15.7 million ) and cash payments or equity participation (CAD$1.6 million ) with Grid. Makwa is located on the south arm of the Bird River Greenstone Belt.The Mayville Property (Cu-Ni) is located on the north arm of the Bird River Greenstone Belt. The property is owned subject to a minority interest.
The Falcon West Property (Li-Cs) is located 110 km east of Winnipeg along the Trans-Canada highway and contains highly anomalous cesium values in a number of historical drill holes including 2.2 m at
15.0% Cs2O and 3.2 m at4.6% Cs2O.The Donner Property (Li-Cs) is adjacent to the Mayville Property, and Grid owns
75% of the project. Grid announced a cesium purchase agreement with Tanco on February 18, 2025.
All of the Company's southeastern Manitoba projects are located on the ancestral lands of the Sagkeeng First Nation with whom the Company maintains an Exploration Agreement.
On Behalf of the Board of Grid Metals Corp.
For more information about the Company, please see the Company website at www.gridmetalscorp.com or contact:
Robin Dunbar - President, CEO & Director - rd@gridmetalscorp.com
Brandon Smith - Chief Development Officer - bsmith@gridmetalscorp.com
David Black - Investor Relations - info@gridmetalscorp.com
CAUTIONARY NOTE REGARDING FORWAD-LOOKING STATEMENTS
We seek safe harbour. This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements include the Company's closing of the proposed Offering, timing of completion of the closing of the First Tranche and Second Tranche, intended use of proceeds and receipt of regulatory approvals. The overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward- looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risk, uncertainty of production and capital costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, metallurgical risk, currency fluctuations, fluctuations in the price of nickel, cobalt, copper and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the most recent financial period and Material Change Reports filed with the Canadian Securities Administrators and available atwww.sedparplus.ca.
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE: Grid Metals Corp.
View the original press release on ACCESS Newswire
FAQ
What is the size and structure of Grid Metals' Oct 2025 private placement (MSMGF)?
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