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. has released initial findings from its 2022 lithium exploration at the Donner Lake property in Manitoba, reporting positive results from 11 drill holes targeting the Northwest Dyke. All holes intersected spodumene-bearing pegmatites along a 600-meter strike length. Key results include drill hole GDL22-01 with 13.75 meters averaging 1.53% Li2O and GDL22-02 with 9.4 meters averaging 1.47% Li2O. The Northwest Dyke remains open for further exploration.
Grid Metals Corp. (OTCQB: MSMGF) announced final results from its 2021 drilling program at the Bannockburn Nickel Property in Ontario. The drilling focused on the B Zone, revealing widths and grades comparable to Canada Nickel's Crawford Deposit. Key results include hole GBN21-03, which intercepted 341.7 meters averaging 0.28% Ni. A mineralogical study is underway to assess recoverable nickel from the B Zone. The mineralization remains open in multiple directions, indicating potential for further exploration.
Grid Metals Corp. (OTCQB: MSMGF) has reported progress on its nickel-copper-PGM and lithium exploration projects. In January, the company raised C$6.3 million through a financing transaction. Key updates include the completion of ten drill holes at the Makwa nickel project, drilling at the Donner Lake lithium project, and final results expected from the Bannockburn nickel project. The Company has received final mineral title for exploration licenses in Manitoba, enhancing its exploration capabilities. Initial drilling results are anticipated by the end of February 2022.
Grid Metals Corp. (OTCQB:MSMGF) announced a shareholder update regarding its nickel-copper-cobalt-PGM and lithium projects in Canada. The company began drilling at the Makwa Nickel property in Manitoba, aiming for a total of ~3,000 metres to expand existing nickel resources. Following this, an 8,000 to 10,000 metre drilling program targeting lithium-rich pegmatites at the Mayville property is set to commence. Grid's lithium assets are positioned for potential monetization amidst a strong market. Future updates about these drilling programs will be provided.
Grid Metals Corp. (OTCQB: MSMGF) announced promising results from its 2021 drilling program at the Bannockburn Nickel Sulfide Property in Ontario. The drilling campaign demonstrated significant nickel enrichment across all five reported holes, with 193.5 metres of 0.31% Ni intercepted in hole GBN21-04. The B Zone, which is >2 km long, remains open for further exploration. Additional assays are pending, and plans include quantitative mineralogical analyses and further drilling to determine the extent of the resource.
Grid Metals Corp. announced the closing of its financing transaction with Lithium Royalty Corp., totaling approximately CAD$6.3 million. The deal includes a private placement of 13,962,404 shares at $0.1182 each, raising $1.65 million, along with proceeds from asset sales and royalties. The funds will be used for lithium exploration, with plans to create a lithium subsidiary later in 2022. Grid's working capital now stands at about $8.8 million, supported by its strategic positioning in the lithium market.
Grid Metals Corp. (OTCQB: MSMGF) has received conditional approval from the TSX Venture Exchange for a CAD$6.3 million financing transaction with Lithium Royalty Corp. This includes a private placement of 13,962,404 shares at $0.1182 per share, expected to close on January 12, 2022. Additionally, Grid will sell a 25% interest in two lithium projects for US$1.5 million and receive US$2.25 million from the sale of a 2% gross overriding royalty. This transaction supports Grid’s strategic focus on battery metals.
Grid Metals Corp. has announced a strategic financing agreement with Lithium Royalty Corp. to fund its lithium projects in Manitoba and Ontario, totaling approximately CAD $6.3 million. The deal includes a 25% interest sale in its lithium assets, project royalties, and a private placement. A new lithium-focused subsidiary will be formed, enhancing liquidity and streamlining operations. The transaction is pending due diligence and regulatory approval, with a targeted closing date around January 12, 2021.
Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) has appointed Douglas Harris as the new Chief Financial Officer, succeeding Rodger Roden, who stepped down after over a decade. Harris, a Chartered Accountant with 20 years of experience, has been involved in over $2 billion in transactions. The issuance of 250,000 incentive options at $0.12 has been approved for Harris, alongside 50,000 DSUs for independent directors. The company focuses on exploration and development of nickel, copper, PGM, and lithium projects in Manitoba and Ontario.
Grid Metals Corp. has signed an option agreement to acquire a 100% interest in the Campus Creek lithium property, located 250 km northwest of Thunder Bay. The property hosts spodumene and lepidolite-bearing pegmatite with significant lithium values. Initial grab samples show up to 4.35% Li2O, along with anomalous cesium, rubidium, and tantalum. The area is well-positioned for exploration, with ongoing sampling and geological mapping underway, estimated to cost $50,000. The company aims to leverage strong lithium market fundamentals to develop this promising site.