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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 Corp. has successfully closed the initial tranche of a private placement, raising C$2,952,440. The offering includes the sale of 7,533,818 units at C$0.22 each and 5,180,000 flow-through units at C$0.25 each. Proceeds will support the exploration of its East Bull Lake Palladium property and general working capital. A second tranche is anticipated within a week. The company paid $190,880 in finders fees to Red Cloud Securities. Securities issued under this offering will have a restricted resale period.
Grid Metals Corp. (OTCQB: MSMGF) announces a non-brokered private placement aiming to raise up to C$3 million through the sale of non-flow-through and flow-through units. The offering price is C$0.22 per Unit and C$0.25 per FT Unit. Each Unit includes a common share and a warrant at C$0.33 for 24 months. Net proceeds will primarily support exploration of the East Bull Lake Palladium property. The company also received approval from TSX Venture for its equity incentive plan, allowing issuance of up to 3 million shares. The offering closes on or about May 26, 2021, subject to regulatory approvals.
Grid Metals Corp. (OTCQB:MSMGF) has announced significant drill results from its East Bull Lake palladium property in Ontario. Drill hole EBL21-09 intersected high-grade palladium mineralization, including a remarkable 1.2 oz/ton palladium. The results confirm a mineralized layer with potential for near-surface palladium-rich deposits. The Company plans to enhance exploration efforts, especially as palladium prices approach $3,000/oz. A webinar discussing these results will be held on May 5, 2021, at 4:05 pm EST.
Grid Metals Corp. (OTCQB:MSMGF) has entered a mineral exploration agreement with Sagkeeng First Nation in southeastern Manitoba. This agreement allows Grid to conduct exploration in Sagkeeng's traditional territory while ensuring proper consultation and accommodation of Sagkeeng's rights. Chief Derrick Henderson emphasized the importance of respectful industry relationships. The agreement facilitates community engagement and aims to ensure that Sagkeeng benefits economically from mineral exploration, respecting cultural and environmental concerns. The Makwa Mayville Project is included in this agreement.
Grid Metals Corp. has initiated a drilling program at its Bannockburn Nickel Sulphide Property in Ontario, targeting large tonnage nickel sulfide resources. The drill program will include 10 holes over 2,500 meters, aimed at assessing nickel grades and developing a metallurgical study. Previous drilling in the B Zone revealed a nickel content of 0.327% over 202 meters. Additionally, the company will soon release results from unreported holes at the East Bull Lake Palladium Project. The issuance of common shares for debt settlement is also planned, subject to TSX Venture Exchange approval.
Grid Metals Corp. has reported promising new drilling results from its East Bull Lake palladium project in Ontario, highlighting significant mineralization at the Central Parisien Lake target area. The company has initiated a metallurgical study to assess the potential for a palladium-rich sulfide concentrate from the area. Key findings include 77.0 metres of 0.81 g/t palladium equivalent in drill hole EBL21-04 and notable results from EBL21-05 and EBL21-06. The palladium zone now exceeds 1.7 kilometers in length, with drilling also set to begin at the Bannockburn nickel property.
Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) announced updates on its exploration activities at the East Bull Lake palladium property and the Bannockburn nickel property. Thirteen drill holes have been completed at East Bull Lake, with initial results expected soon. In Bannockburn, a contract has been signed for a 2,000-meter drilling program targeting the B Zone, anticipated to commence shortly. Previous metallurgical tests indicate a potential for a high-grade nickel concentrate. Exploration efforts are led by Dr. Dave Peck, with a focus on advancing the company's portfolio in North American jurisdictions.
Grid Metals Corp. has announced promising drilling results from its East Bull Lake palladium property in Ontario. The initial three holes from the winter 2021 program revealed significant palladium equivalent grades, with hole EBL21-01 yielding 54.0 metres at 1.05 g/t Pd Eq. Additionally, Dr. Reid Keays joins as a Senior Technical Advisor, enhancing the technical team. The company plans to conduct over 3,000 metres of drilling, focusing on a geophysical anomaly in the Central Parisien Lake area, with future exploration programs anticipated.
Grid Metals Corp. has announced its listing on the OTCQB Venture Market under the symbol MSMGF. The company focuses on exploration and development of nickel, palladium, and copper projects, with ongoing drilling at the East Bull Lake Palladium Property and exploration at the Bannockburn Nickel Project. Grid aims to meet the growing demand for metals used in pollution control and electric vehicle batteries. The OTCQB listing aligns with their commitment to transparency, providing investors with real-time quotes and market information.