Welcome to our dedicated page for Grid Metals news (Ticker: MSMGF), a resource for investors and traders seeking the latest updates and insights on Grid Metals stock.
Grid Metals Corp. (OTCQB: MSMGF) generates frequent exploration and corporate news related to its nickel, copper, platinum group metal, lithium and cesium projects in southeastern Manitoba. This news feed aggregates company press releases and market updates so readers can follow how Grid’s Makwa, Mayville, Falcon West and Donner properties are advancing.
Recent announcements have focused on high-grade cesium drill results at the Falcon West Property, where Grid is targeting pollucite-hosted cesium within the Lucy South lithium-cesium-tantalum pegmatite. The company has reported some of its best cesium intercepts to date from near-surface drilling, along with details of drill programs, assay results and interpretations of pegmatite zonation.
News items also cover nickel and copper exploration at the Makwa and Mayville properties, including grassroots nickel sulfide discoveries at the Pavo Anomaly and disseminated Cu-Ni sulfide mineralization at the Eagle gabbro. Grid’s releases describe geophysical surveys, drill permitting, and planned drill campaigns funded in part through an Option and Joint Venture Agreement with Teck Resources Limited on the Makwa Property.
Investors can also find coverage of strategic private placements, charity flow-through financings and corporate developments that fund exploration at Falcon West and within the Bird River Belt. Updates often include information on Grid’s Exploration Agreement with Sagkeeng First Nation and technical commentary from the company’s Qualified Person.
By monitoring this page, readers can review historical and ongoing news about MSMGF, from drilling and assay results to financing transactions and project-level milestones across Grid Metals’ Manitoba exploration portfolio.
Grid Metals Corp (OTCQB:MSMGF) has announced successful drill results from its resource drilling program at the Donner Lake Lithium Property in Manitoba, completing a total of 17,643 meters. The results show several significant lithium intercepts, including grades up to 1.9% Li2O over various intervals. A total of 36 drill holes were completed in the core resource area, confirming the Main Dyke's consistent grade at a depth of approximately 300 meters. The resource estimate is expected to be completed by the end of Q2 2023 by SGS Canada, which will support future economic studies aimed at cash flow generation from the project. The company is also conducting ongoing environmental and metallurgical studies.
Grid Metals Corp (OTCQB:MSMGF) announced significant assay results from the 2012 drill program at its Falcon West Lithium Property, revealing high-grade lithium, cesium, and tantalum values. Notable findings include 2.1% Li2O over 6.1 m and 10.3% Cs2O over 3.3 m. The assays confirm a highly evolved pegmatite system, indicative of resource potential. The targeted area spans a 1.25 km trend with plans for further drilling after consultations with First Nations. The project is strategically located near infrastructure, enhancing its commercial viability. The property entails no royalties except for minimal NSR on certain claims.
Grid Metals Corp (OTCQB:MSMGF) has announced promising results from 12 additional drill holes at its Donner Lake Lithium Property in Manitoba. The drilling, part of a 43-101 compliant resource delineation program, confirmed a steeply-dipping LCT-type pegmatite dyke with visible spodumene. All holes in the core resource area returned significant lithium values, and the Main Dyke remains open at depth. The resource drilling will transition to the Northwest Dyke and is expected to finish by the end of March 2023. A metallurgical test program is also nearing completion.
Grid Metals Corp (OTCQB: MSMGF) reported significant high-grade lithium values from five drill holes at its Donner Lake Lithium Property in Manitoba. The ongoing drilling program has confirmed the continuity of lithium mineralization across an 800-meter strike length in the Main Dyke. An MOU with Tantalum Mining Corporation aims to establish a toll milling operation for processing spodumene-bearing pegmatites. Future plans include completing the initial resource delineation drilling and further exploration in the area.
Grid Metals Corp (OTCQB:MSMGF) has reported initial results from its drilling program at the Donner Lake Lithium Property, which is part of a joint venture with Lithium Royalty Corp. The program has successfully drilled six holes targeting the Main Dyke pegmatite, revealing intersections of significant lithium grades, including 9.5 meters of 1.4% Li2O and 4.3 meters of 1.6% Li2O. The drilling has covered over 800 meters of strike length and 250 meters in vertical depth, showing excellent continuity of spodumene content. The company plans to complete over 10,000 meters of additional drilling while focusing on resource delineation and exploring new targets.
Grid Metals Corp has acquired the Falcon West Lithium Property, covering 61,268 hectares near Winnipeg, Manitoba. The property features high-grade lithium values, including historical drill results with up to 3.51% Li2O. The acquisition enhances Grid's existing Donner Lake Lithium project and positions the company as a significant player in the lithium sector. The focus will be on the ADL Target Area, known for its spodumene-rich pegmatites. The property provides access to critical infrastructure, potentially boosting regional lithium production.
Grid Metals Corp (OTCQB:MSMGF) announced the appointment of Patrick Murphy to its board of directors following a shareholder meeting on November 23, 2022. Mr. Murphy, a Managing Director at AMCI, brings over 15 years of mining investment experience and expertise in battery metal initiatives. The meeting also confirmed the board size to four members, reappointed existing directors, and approved a new equity incentive plan. Grid Metals focuses on lithium and Ni-Cu-PGM projects in Canada, including activity at Donner Lake and the Makwa-Mayville project.
Grid Metals Corp provided a progress update on its drill program at the Donner Lake Lithium Property in Manitoba, highlighting both resource delineation drilling and exploration efforts. The drilling at the Main Dyke has seen 15 holes completed over approximately 3400 meters. Previous drilling in 2018 returned averages of 1.5% Li2O. In addition, the Northwest Dyke has potential as it remains open along strike and to depth. The Company aims to establish a maiden resource through these efforts, bolstered by positive surface sampling results from additional exploration targets.
Grid Metals Corp has commenced drilling at its Donner Lake Lithium Property in Manitoba. The program will focus on resource delineation of two main spodumene-bearing pegmatite dykes: the Main and Northwest dykes. Initial drilling at the Main Dyke aims to a depth of 250 meters, targeting an initial NI 43-101 compliant resource estimate. Past drilling at both dykes returned average grades of 1.5% LiO2 and 1.3% LiO2, respectively. The property is a 75% Grid/25% Lithium Royalty Corp joint venture. Additional exploration targets and metallurgical tests are also planned.
Grid Metals Corp. clarifies that its recent $8.52 million private placement included insider participation from Waratah Capital Partners Ltd., constituting a related party transaction. The Company has commenced drilling at the Donner Lake Lithium Property to estimate resources, aligning with its portfolio focused on nickel, copper, and lithium. Additionally, the Company granted 300,000 incentive stock options to consultants at $0.19 per share. These developments may influence investor sentiment and stock performance.