Grid Metals Corp. Receives Drill Permit for Falcon West Cesium Property
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) ha ottenuto un permesso di perforazione esplorativa dal Manitoba per la sua proprietà Falcon West Lithium/Cesium, situata a 110 km a est di Winnipeg. L’azienda prevede di iniziare le perforazioni a settembre 2025, concentrandosi sulla zona cesio Lucy South, dove in passato sono stati rilevati valori elevati di cesio nel minerale pollucite.
Il progetto è importante perché il cesio è considerato un metallo critico e raro sia dal governo canadese sia da quello statunitense, e storicamente sono state attive solo tre località minerarie a livello mondiale. Le perforazioni effettuate nel 2024 dall’azienda hanno dato risultati significativi, incluso un intervallo di 3,2 m con una gradazione di 4,56% Cs2O contenente sia pollucite sia spodumene.
Grid Metals Corp. (OTCQB:MSMGF) ha recibido un permiso de perforación exploratoria de Manitoba para su propiedad Falcon West Lithium/Cesium, ubicada a 110 km al este de Winnipeg. La compañía planea iniciar las perforaciones en septiembre de 2025, enfocándose en la zona de cesio Lucy South, que históricamente ha mostrado altos valores de cesio en el mineral pollucita.
El proyecto es relevante porque el cesio está clasificado como un metal crítico y raro tanto por los gobiernos de Canadá como de EE. UU., y en la historia solo ha habido tres yacimientos mineros a nivel mundial. Las perforaciones previas de la compañía en 2024 arrojaron resultados notables, incluido un intervalo de 3,2 m con una ley de 4,56% Cs2O que contenía pollucita y espodumena.
Grid Metals Corp. (OTCQB:MSMGF)는 매니토바주로부터 자사 Falcon West 리튬/세슘 광산 권리에 대한 탐사 시추 허가를 받았으며, 해당 자산은 위니펙에서 동쪽으로 110km에 위치해 있습니다. 회사는 2025년 9월 시추를 시작할 예정이며, 과거 폴루사이트 광물에서 높은 세슘 함량이 확인된 루시 사우스(Lucy South) 세슘 지역을 목표로 합니다.
이 프로젝트는 세슘이 캐나다와 미국 정부 모두에 의해 희귀 및 전략적 핵심 금속으로 분류된다는 점에서 중요합니다. 전 세계적으로 역사적으로 활발했던 광산 지역은 단 세 곳뿐입니다. 회사가 2024년에 진행한 이전 시추에서는 3.2m 구간에서 4.56% Cs2O의 유의미한 결과가 나왔으며, 해당 구간에는 폴루사이트와 스포듀민이 함께 포함되어 있었습니다.
Grid Metals Corp. (OTCQB:MSMGF) a obtenu un permis de forage d’exploration du Manitoba pour sa propriété Falcon West Lithium/Cesium, située à 110 km à l’est de Winnipeg. La société prévoit de commencer le forage en septembre 2025, ciblant la zone à césium Lucy South, qui a montré par le passé des teneurs élevées en césium dans le minéral pollucite.
Le projet est important car le césium est classé comme métal critique et rare par les gouvernements canadien et américain, et seulement trois gisements miniers ont historiquement été exploités dans le monde. Les forages antérieurs de la société en 2024 ont fourni des résultats notables, notamment un intervalles de 3,2 m avec une teneur de 4,56% Cs2O contenant à la fois de la pollucite et de la spodumène.
Grid Metals Corp. (OTCQB:MSMGF) hat von Manitoba eine Explorationsbohrgenehmigung für sein Falcon West Lithium/Cesium-Grundstück erhalten, das 110 km östlich von Winnipeg liegt. Das Unternehmen plant, im September 2025 mit Bohrungen zu beginnen und konzentriert sich auf die Lucy South Cesium-Zone, in der historisch hochgradige Cäsiumwerte im Mineral Pollucit nachgewiesen wurden.
Das Projekt ist bedeutsam, da Cäsium sowohl von der kanadischen als auch der US-amerikanischen Regierung als seltenes, kritisches Metall eingestuft wird und es weltweit historisch nur drei Abbaustellen gab. Die früheren Bohrungen des Unternehmens im Jahr 2024 ergaben bemerkenswerte Ergebnisse, darunter einen 3,2 m-Abschnitt mit 4,56% Cs2O, der sowohl Pollucit als auch Spodumen enthielt.
- None.
- None.
TORONTO, ON / ACCESS Newswire / September 11, 2025 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) ("Grid" or the "Company") is pleased to announce that it has received an exploration drill permit from the Province of Manitoba for its
The target at Falcon West is the Lucy South cesium zone that has seen historical drill intercepts with high-grade cesium values largely contained in the mineral pollucite, the preferred feedstock for the cesium chemicals industry. Grid's upcoming drilling will mark the first concerted effort to define a discrete cesium zone at the property.
Cesium is listed as a rare critical metal by both the Canadian and Unites States governments. The rare metal has only been mined from three deposits globally, and there is currently a global shortfall of cesium feedstock to supply a growing number of applications, including strategic defence applications and next-generation solar panels.
Robin Dunbar, Grid's CEO & President, stated "Grid believes Falcon West represents a unique opportunity for the company to advance a high-demand and rare critical metals project in southeastern Manitoba, in an area with excellent infrastructure. It is rare to find a critical metals project with such an attractive combination of resource scarcity and demand. Our goal at Falcon West is to define a cesium deposit of importance to the global cesium industry."
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 Telephone: 416-955-4773 Email: rd@gridmetalscorp.com
Brandon Smith - Chief Development Officer - bsmith@gridmetalscorp.com
David Black - Investor Relations Email: info@gridmetalscorp.com
Qualified Persons Statements
Dr. Dave Peck, P.Geo., the VP Exploration of Grid, is the Qualified Person for purposes of National Instrument 43-101 and has reviewed and approved the technical content of this release.
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 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.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.
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.
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 financial transactions, sale of royalty and property interests. 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 at www.sedar.com.
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
