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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 (OTCQB:MSMGF) released first assays from its 2025 drill program at the 100% owned Falcon West Lucy South LCT pegmatite near Winnipeg, Manitoba.
Initial results from five holes include high-grade cesium intercepts such as 14.0% Cs2O over 3.01 m (LU25-03) and a 0.42 m sub-interval grading 27.4% Cs2O. Mineralization is reported as pollucite-hosted cesium with associated lithium and rubidium. The program targets a near-surface ~150x40 m area within ~35 m of surface and plans ~70 drill holes to define strike and cesium distribution.
Grid Metals (OTCQB:MSMGF / TSXV:GRDM) announced a completed financing for C$4,027,158, led mainly by a single strategic investor. The company has started a cesium-focused drill program at Falcon West, targeting the historical Lucy cesium zone with a planned minimum of 40 drill holes on a near-surface pegmatite system. Cesium was designated a critical metal in the recent Canadian federal budget.
At the Makwa Ni-Cu-PGE project, an Option and Joint Venture with Teck funds drilling and downhole geophysics at the newly identified Pavo Anomaly; surface grab samples returned up to 1.1% nickel and a drill rig has been mobilized. The board approved 7,200,000 stock options at $0.15 per share under the equity incentive plan for directors, management, employees and consultants.
Grid Metals (OTCQB:MSMGF / TSXV:GRDM) closed the second tranche of a non-brokered private placement on October 30, 2025, raising aggregate gross proceeds of C$4,027,158 across both tranches.
The Second Tranche raised C$2,347,158 via issuance of 7,060,903 common shares at C$0.12 and 7,575,000 charity flow-through shares at C$0.198. Proceeds target exploration at the Falcon West cesium project and Bird River Belt nickel/copper/PGM targets, plus general corporate purposes.
An insider subscribed for 5,565,233 common shares (~$667,828), treated as a related‑party transaction; the company relied on MI 61‑101 exemptions. TSX Venture Exchange final approval is pending.
Grid Metals (OTCQB:MSMGF) closed the first tranche of a non‑brokered private placement on October 17, 2025, raising C$1,680,000 via issuance of 14,000,000 common shares at C$0.12 each to a strategic investor.
A second tranche is expected on or about October 30, 2025, potentially issuing up to 7,060,903 common shares and up to 7,575,000 charity flow‑through shares (C$0.198 each) for up to C$2,347,158. Proceeds will fund exploration at the Falcon West cesium project and Bird River Belt targets and general corporate purposes. Securities subject to four‑month hold and TSXV final approval.
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 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) has announced a significant nickel sulfide discovery at its Makwa Ni-Cu-PGE project in Manitoba, where it has a Joint Venture Agreement with Teck Resources. The newly identified "Pavo Anomaly" has revealed semi-massive nickel sulfide mineralization with grades up to 1.1% nickel in surface grab samples.
The discovery features a 600-meter electromagnetic conductor trend and is located in a previously unexplored area. The company plans to commence drilling in Fall 2025, following additional prospecting and deep-penetrating ground time-domain EM geophysical surveys. The target model is similar to the Eagle's Nest deposit in Ontario's Ring of Fire district, representing a potential high-grade massive Ni-Cu-PGE sulfide deposit opportunity.
Grid Metals Corp. (OTCQB:MSMGF) has announced significant drill results from their Eagle gabbro program and completion of geophysical surveys at the Mayville copper/nickel project in Manitoba. Key highlights include a 70.8m intersection grading 0.85% CuEq at the New Manitoba deposit area. The drilling confirmed a 2 km mineralized trend at the eastern part of the Mayville Complex.
The company is advancing multiple projects including: the Makwa nickel/copper property under a joint venture with Teck Resources, exploration drilling at Falcon West for cesium (previous drilling showed 3.20m of 4.6% Cs2O), and the Eagle gabbro program which intersected copper/nickel sulfide mineralization at three locations. New airborne EM surveys completed in Q4 2024 have identified several strong anomalies that could indicate massive sulfide deposits.
Grid Metals Corp (OTCQB:MSMGF) has announced progress at its Makwa nickel project in Manitoba, following a December 2024 Joint Venture Agreement with Teck Resources. Under the agreement, Teck can earn up to 70% interest by investing $17.3 million ($15.7M in project expenditures and $1.6M in cash/equity).
The company has completed aerial geophysical surveying, identifying several high-priority anomalies potentially indicating massive sulphide deposits. A notable surface sample from the Ore Fault area yielded 5.97% Ni and 0.45% Co. Teck has confirmed funding for an initial 2,500m drilling program.
The survey, conducted by Geotech , covered 1,192-line km using their 30 Hz VTEM MAX system, with additional 245-line km test flights using a new 15 Hz system. Drilling is expected to commence in late summer 2025, pending permits.