Grid Metals Corp Closes $4.92 Million First Tranche of $8.52 Million Strategic Financing

Nickel, Manitoba, Grid Metals, GRDM.V

TORONTO, ON / ACCESSWIRE / September 19, 2022 / GRID METALS CORP. (TSXV:GRDM)(OTCQB:MSMGF) ( “Grid ” or the “Company”) today announced it has closed a $4,920,000 first tranche (the “First Tranche”) of its previously announced non-brokered private placement of 56 million shares for gross proceeds of $8,520,000 ( the “Offering”). Churchill Strategic Investments Pty Ltd is acting as Lead Manager of the Offering. read more

Grid Metals: Nickel and Lithium in Manitoba

GRDM.V, Grid Metals, Lithium, nickel, Manitoba

There is a lot of market excitement about “battery metals”, lithium, nickel, copper, cobalt and graphite. The future is all about electric vehicles and battery electrical storage to fortify the “grid”. This is where Grid Metals (GRDM.V) begins to shine. The company is developing two projects in southern Manitoba – one a lithium project, the other a nickel/copper project – both located in close proximity to each other. read more

Grid Provides Manitoba Project Update: Releases High Grade Lithium Drill Intercepts from the Main Dyke Pegmatite; Announces Drilling Plans for Ni-Cu-Co-PGM, Lithium and PGE Projects

Grid Metals, GRDM.V
MAYVILLE LITHIUM PROPERTY
2018 MAIN DYKE DRILL RESULTS
Drill
Hole
From
(m)
To
(m)
Interval
(m)
Li2O
(%)
Cs2O
(%)
Rb2O
(%)
Ta
(ppm)
Fe
(%)
Comment
MLI-18-0114.6818.483.801.70.050.42133.60.13Previously released
MLI-18-0236.7539.632.881.60.030.32120.30.28Previously released
MLI-18-0378.6784.085.411.50.050.42142.30.70Previously released
MLI-18-04148.04151.833.791.40.030.33108.40.16Initial disclosure
MLI-18-0585.285.770.571.60.020.19152.00.36Initial disclosure
and99.7102.983.281.70.040.33124.00.19Initial disclosure
MLI-18-0681.2483.92.661.80.030.30143.10.17Initial disclosure
MLI-18-0775.5078.883.381.80.030.42174.20.10Initial disclosure
MLI-18-0866.9869.882.901.50.030.45179.90.12Initial disclosure
and70.4571.30.851.80.030.34187.00.32Initial disclosure
MLI-18-0950.4753.032.561.30.040.30196.80.21Initial disclosure
MLI-18-10106.35107.000.650.40.020.20118.00.15Initial disclosure

Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) (the “Company”) is pleased to announce previously unreported drilling results for its Main Dyke lithium pegmatite target located immediately south of the Company’s Mayville Cu-Ni-Co-PGM deposit in the Bird River greenstone belt of southeastern Manitoba. Results of the drilling identified high grade lithium, cesium and tantalum values (including 1.8% Li 2 O over 3.38m) in a continuous spodumene bearing pegmatite dyke with a minimum strike length of 775 meters. Highlights of the drilling and project are: read more

Grid Metals Announces Positive Metallurgical Test Results and Initial Rhodium Assays for East Bull Lake

Grid Metals, GRDM.V
Sample#Hole IDFrom (m)To (m)Length (m)Rh (ppb)Pt (ppb)Pd (ppb)
360073EBL21-0166.0067.001.001098663290
360089EBL21-0181.0082.001.00678942420
361174EBL21-0651.0052.001.001588243100
361179EBL21-0656.0057.001.00817553130
361181EBL21-0657.0058.001.0012512503720
361228EBL21-06100.00101.001.00488042000
361375EBL21-077.008.001.0018913509400
361447EBL21-0772.0073.001.00957482910
361468EBL21-0791.0092.001.00858032850
361469EBL21-0792.0093.001.00877032480
361471EBL21-0793.0093.800.801068453080
287966EBL20-134.005.001.001579062380
287975EBL20-1312.0013.001.00603921370
287982EBL20-1318.0019.001.00406811810
288001EBL20-1335.0036.001.00584801910
288018EBL20-1351.0052.001.00351941130
288047EBL20-1377.0078.001.00584191930
288053EBL20-1382.0083.001.00554061840
288056EBL20-1385.0086.041.041209113580
288065EBL20-1392.0093.001.001566403010
288066EBL20-1393.0094.001.00686133190
288071EBL20-1397.0098.001.00805622420
288079EBL20-13105.00106.001.001108823340
288045EBL20-1375.0076.001.00584811770
361735EBL21-08199.25200.000.75779254210
365553EBL21-0949.0050.001.0014820005810
365676EBL21-09158.76159.300.5445649038500
365793EBL21-1067.0068.001.0021620106280
361889EBL21-1197.0098.001.00909602840
366061EBL21-1298.0099.001.0012810004350
366186EBL21-1544.0045.001.00451240841
366187EBL21-1545.0046.001.004513701160

 Grid Metals Corp. (“Grid” or the “Company“) (TSXV:GRDM)(OTCQB:MSMGF) is pleased to announce the favourable results of initial metallurgical testwork showing high metal recoveries on core samples from the Central Parisien Lake palladium zone at its 100% owned East Bull Lake property near Sudbury, Ontario. The Company is also pleased to report that rhodium – the most valuable of the platinum group metals, is present in sufficiently high concentrations to be considered as a potential, additional pay metal in future metallurgical and economic assessments. read more