Grid Metals Corp. (“Grid” or “the Company” ) (TSXV:GRDM)(OTCQB:MSMGF) is pleased to announce that it has entered into an agreement with Canada Nickel Company Inc. (“Canada Nickel“) (CNC)(CNIKF) to sell a 100% interest in the Bannockburn Nickel Property located near Matachewan, Ontario. Under the terms of the Transaction Canada Nickel will acquire 100% of the Bannockburn Property in return for issuance to Grid of 2.0 million of Canada Nickel’s common shares.
Grid Metals Corp. (the “Company“) (TSXV:GRDM)(OTCQB:MSMGF) today provided an update on its nickel-copper-PGM sulfide and lithium pegmatite exploration properties. The exploration properties are located in highly active mining and exploration districts in Manitoba and Ontario. The Company in January completed a financing transaction comprising a sale of 25% of its lithium properties, a royalty and a private placement with Lithium Royalty Corp. for net proceeds of C$ 6.3 million.
Grid Metals Corp. (the “Company“) (TSXV:GRDM)(OTCQB:MSMGF) today provided a shareholder update with respect to its nickel-copper-cobalt-PGM and lithium exploration and development projects in Manitoba and Ontario. The Company has commenced drilling at its advanced exploration stage Makwa Nickel property in southeastern Manitoba and expects to complete ~3,000 metres focusing on several large and untested geophysical anomalies in an effort to expand and improve on the existing pit-constrained nickel resources at the property. The Makwa drilling will be completed by early February. The Company will then commence with a 8,000 to 10,000 meter exploration and resource delineation drilling program on the nearby Mayville lithium property, targeting multiple lithium-rich pegmatite dyes (the “Donner Lake pegmatites”) that have been identified to date.
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