Tag: battery metals

Grid Metals Corp. Provides Update on CAD $6.3 Million Funding Agreement with Lithium Royalty Corp

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Grid Metals, GRDM.V

GRID METALS CORP. (TSXV:GRDM)(OTCQB:MSMGF) ( “Grid ” or the “Company”) today announced it has received conditional approval from the TSX Venture Exchange (“TSXV”) for the private placement financing, royalty sales and asset sales ( the “Transaction”) entered into with Lithium Royalty Corp. ( “LRC”) ( a leading pure play battery royalty and streaming company ). The Transaction was announced on November 17, 2021. Total funding to Grid in connection to the proposed Transaction is approximately CAD$6.3 million. read more

Renforth Raises $1,376,260 To Fund Continued 2022 Exploration Of Battery Metals At Victoria West Within The Surimeau District Property And On The Parbec Gold Deposit

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Renforth Resources

Renforth Resources Inc. (CSE:RFR) (CNSX:RFR.CN) (OTC:RFHRF) (FSE-9RR) (“Renforth” or the “Company”) is pleased to announce that it has completed a private placement financing (the “Offering”) raising $1,376,260 through the issuance of 13,750,0000 of flow-through common units (“Flow-Through Units”), and 14,000 common units (“Units). read more

Grid Metals Corp. Announces Terms for CAD $6.3 Million Funding Agreement with Lithium Royalty Corp.

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Grid Metals, GRDM.V

GRID METALS CORP. (TSXV:GRDM)(OTCQB:MSMGF) (“Grid” or the “Company”) today announced it has entered into a term sheet with Lithium Royalty Corp. ( “LRC”) ( a leading pure play battery royalty and streaming company ) to finance its lithium assets in Manitoba and Ontario. The closing of the transaction outlined in the term sheet will be subject to final due diligence of LRC and documentation. Upon closing Grid will receive 1) proceeds US$1.25 Million from the sale of a 25% interest in its lithium projects, 2) US$2.25 million from the grant of project royalties on its lithium assets and 3) C$ 1,650,356 from completion of a private placement from LRC with all proceeds advanced to Grid at closing. Total funding to Grid in CAD $ equivalent is approximately CAD $ 6.3 million. The transaction also envisions the creation of a lithium focused spin-out company. read more

Renforth discovers Nickel on surface at new location on Surimeau District Battery Metals Property in NW Quebec

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Renforth Resources Inc. (CNSX:RFR.CN) (OTC:RFHRF) (FSE:9RR) (“Renforth” or the “Company”) is pleased to announce that summer prospecting in the southwestern part of the Huston area within the wholly owned ~260 km2 Surimeau District Battery Metals property returned an assay of 1.9% Ni, 1.38% Cu, 1170ppm Co and 4 g/t Ag, within a grab sample taken from strongly foliated diorite with patchy oxidation on the weathered surface. A grab sample is selected by the geologist and may not be representative of the property as a whole.  In this instance, the diorite sampled hosts a quartz vein with trace pyrite, as can be seen in the pictures below. The vein did not return significant nickel values. read more