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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. (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.
Grid Metals Corp. (OTCQB:MSMGF) is positioned to capitalize on the booming Electric Vehicle (EV) market by focusing on essential battery metals. With a NI 43-101 compliant resource of nickel, copper, cobalt, and platinum group metals at its Makwa Mayville project, the company is strategically targeting the critical components used in EV batteries. Additionally, ongoing drilling at the Bannockburn Nickel Project aims to discover bulk tonnage nickel mineralization, bolstering Grid Metals' potential as the demand for EVs continues to surge, driven by climate initiatives.
Grid Metals Corp. announces promising drilling results from its Main Dyke lithium pegmatite target in southeastern Manitoba. Newly reported results include high-grade lithium values, specifically 1.8% Li2O over 3.38 meters in a continuous spodumene-bearing pegmatite dyke with a minimum strike length of 775 meters. The findings confirm historical estimates of 3.8 million tons at 1.28% Li2O. The Mayville Lithium Property, which supports potential lithium production of 150-250,000 tons per annum, is well-positioned for infrastructure sharing and low carbon footprint development.
Grid Metals Corp. (OTCQB:MSMGF) has retained Emerging Markets Consulting, LLC (EMC) for investor and public relations services. EMC aims to enhance Grid's brand awareness and market share, focusing on the growing demand for battery metals such as nickel, copper, and cobalt. The engagement, costing US$60,000 over two months, will be funded from the Company’s working capital. The Company boasts a NI 43-101 compliant resource at its Makwa Mayville project and is actively engaged in exploration projects in Ontario.
Grid Metals Corp. (OTCQB: MSMGF) announced promising results from metallurgical testwork on core samples from its East Bull Lake property. The tests demonstrated a concentrate grade of 102.5 g/t palladium with recoveries of 77.3% for palladium and 88.9% for copper. Additionally, initial assays revealed rhodium at concentrations of 0.05 to 0.22 g/t, suggesting potential for this valuable metal in future mining operations. The favorable results mark a significant milestone for Grid's palladium project and indicate strong economic potential.
Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) has concluded its drilling program at Bannockburn Nickel, awaiting assay results from seven remaining drill holes. The exploration aims to identify a significant nickel resource along a 1 km trend. At the East Bull Lake Palladium Property, surface sampling is ongoing, targeting multiple drill areas, with initial results expected in early August. The company is also conducting metallurgical tests to assess recovery rates for various metals, crucial for evaluating the project's viability.
Grid Metals Corp. (OTCQB: MSMGF) has announced initial results from its spring 2021 drilling program at the Bannockburn Nickel Sulphide Property near Matachewan, Ontario. The drilling uncovered a 296.5-meter interval averaging 0.28% nickel, with a peak of 0.43% nickel over 1.5 meters. The exploration targets bulk tonnage disseminated nickel sulfide mineralization, with potential for over 200 kilotonnes of recoverable nickel. The results confirm previous findings and aim to develop a substantial nickel resource, critical for the electric vehicle supply chain.
Grid Metals Corp. (OTCQB:MSMGF) announced positive drilling results from its Q1 2021 program at the East Bull Lake palladium property in Ontario. The Central Parisien Lake Zone returned significant palladium-equivalent grades, including 14.0 metres of 1.2 g/t Pd Eq in hole EBL21-10. Additionally, two drill holes in the South Parisien target revealed near-surface palladium-rich mineralization. The company is advancing plans for further drilling to explore new targets, including a possible platinum-rich mineralization area. Results from the Bannockburn nickel property drilling are also anticipated soon.
Grid Metals Corp. (OTCQB:MSMGF) announces the closing of its second and final tranche of a private placement, raising a total of $3,500,000. This includes 2,054,545 units at C$0.22 each and 382,240 flow-through units at C$0.25 each. Net proceeds will fund exploration for the East Bull Lake Palladium property and general working capital. Finders fees totaled $37,590 cash and 167,618 warrants. An insider's participation in the offering was declared a related party transaction. The offering has received conditional approval from the TSXV and will advance key nickel and copper projects in Canada.