Tag: Lithium Royalty Corp.

Grid Metals Corp Announces More Lithium Drill Results From Donner Lake

MotherlodeTV
Nickel, Manitoba, Grid Metals, GRDM.V
Drill holeLi2OInterval (m)From (m)
GDL-22-261.7%1.9190.0
and1.2%0.8287.2
and2.0%5.9291.5
and1.6%2.7302.8
GDL22-27 to GDL22-30 previously reported
GDL22-311.4%5.3187.3
GDL22-321.8%6.1230.0
GDL22-332.1%1.7110.3
and1.5%5.9252.1
GDL22-341.5%3.450.8
GDL22-351.6%3.8175.0
GDL22-361.8%3.560.8
GDL22-371.8%7.5213.5
including2.1%4.0217.0
GDL22-381.7%3.6139.4
GDL22-39Assays pending
GDL22-401.7%3.8151.5
GDL22-411.8%5.3178.3
GDL22-421.8%3.3212.4
and1.6%4.4295.3

Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) (the “Company”) today reported results from an additional 12 holes at its Donner Lake Lithium Property (the “Property”), located 150 km northeast of Winnipeg Manitoba. The drilling is part of the maiden 43-101 compliant resource delineation program at Donner Lake. The current phase of drilling at the Main Dyke has now been completed. read more

Grid Metals Corp Announces Strong Second Wave of Results From the Main Dyke Lithium Drilling

MotherlodeTV
Nickel, Manitoba, Grid Metals, GRDM.V
Grid Metals Corp., Wednesday, February 1, 2023, Press release picture

Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) (the “Company”) today reported results from an additional five (5) holes at its Donner Lake Lithium Property (the “Property”), located in the Bird River Greenstone Belt of southeastern Manitoba. The holes are part of an ongoing resource delineation drilling program at the Main Dyke. All delineation holes from the current campaign have intercepted significant, high grade lithium values in the Main Dyke and, locally, in at least three proximal sub-parallel dykes that were not previously known. Donner Lake is currently a 75% / 25% joint venture with Lithium Royalty Corp. Grid has an MOU in place with Tantalum Mining Corporation of Canada Limited focused on creating a toll milling operation to process spodumene-bearing pegmatites from Grid’s Donner Lake Property. read more

Grid Metals Corp Completes 15 Drill Holes at Donner Lake Lithium Project; Drilling Ongoing

MotherlodeTV
Nickel, Manitoba, Grid Metals, GRDM.V
Grid Metals Corp., Tuesday, November 29, 2022, Press release picture

Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) (the “Company”) today provided a progress update on its drill program at its Donner Lake Lithium Property (the “Property”), located in the Bird River Greenstone Belt of southeastern Manitoba. The program will include resource delineation drilling at the Main and Northwest dykes and a series of exploration holes targeting untested spodumene bearing pegmatites. The Company maintains the near-term goal of establishing a maiden resource from the Main and Northwest dykes via the current drilling program. The property is a 75%/25% joint venture between Grid Metals Corp. and Lithium Royalty Corp. read more

Grid Metals Donner Lake Lithium Property Drill Results and Project Development Update

PEA Underway at Makwa Mayville Ni-Cu-PGM-Co Property
MotherlodeTV
Grid Metals, GRDM.V
Grid Metals Corp., Thursday, July 28, 2022, Press release picture

Grid Metals Corp. (the “Company“) (TSXV:GRDM)(OTCQB:MSMGF) is pleased to report the results from the final three holes completed in the Phase 1 drill program at its Donner Lake lithium property (the “Property“) in southeastern Manitoba. In addition, the Company has initiated certain project development activities including baseline environmental work and metallurgical testwork on both the Northwest and Main dykes. The property is located in the Winnipeg River pegmatite field, which hosts the world-class Tanco pegmatite and the associated Tanco lithium-cesium-tantalum mine and concentrator. The property is a 75%/25% joint venture between Grid Metals Corp and Lithium Royalty Corp., a leading player in global lithium finance. read more

Grid Metals Reports New High Grade Lithium Mineralization at Donner Lake

MotherlodeTV
Grid Metals, GRDM.V
Grid Metals Corp., Wednesday, May 11, 2022, Press release picture

Grid Metals Corp. (the “Company“) (TSXV:GRDM)(OTCQB:MSMGF) is pleased to report results for three additional holes from the recently completed Phase 1 drill program at its Donner Lake Lithium property in southeastern Manitoba. The property is located in the Winnipeg River pegmatite field, which hosts the world-class Tanco pegmatite. The Donner Lake Lithium Property is a 75%/25% joint venture between Grid Metals Corp and Lithium Royalty Corp., a leading player in global lithium finance. read more

New Drill Results Extend Strike Length of the High Grade Northwest Dyke to 500 Metres at Grid Metals Donner Lake Lithium Property

MotherlodeTV
Grid Metals, GRDM.V
Grid Metals Corp., Tuesday, April 26, 2022, Press release picture

 Grid Metals Corp. (the “Company“) (TSXV:GRDM)(OTCQB:MSMGF) is pleased to report additional diamond drill results from the 2022 lithium exploration program at its Donner Lake lithium property in southeastern Manitoba. The project is located in the Winnipeg River pegmatite field, which hosts the world-class Tanco pegmatite and the associated Tanco lithium-cesium-tantalum mine and concentrator. The Donner Lake Lithium project is a 75%/25% joint venture between Grid Metals Corp and Lithium Royalty Corp., a leading player in global lithium finance. read more

Grid Metals Intersects 13.75 metres of 1.53% Li2O and 8.0 metres of 1.47% in First Two Holes at the Donner Lake Lithium Property Manitoba Canada

MotherlodeTV
Grid Metals, GRDM.V

Grid Metals Corp. (the “Company“) (TSXV:GRDM)(OTCQB:MSMGF) is pleased to report initial results from its 2022 lithium exploration program at its Donner Lake lithium property in southeastern Manitoba. The Company completed 11 drill holes targeting the Northwest Dyke – one of several known lithium-cesium-tantalum (LCT) -type pegmatite dykes on the property. All holes at the Northwest Dyke intersected spodumene-bearing pegmatites over a strike length of 600m. Two drill holes were completed on the West Dykes and numerous smaller pegmatites were intercepted. The new drilling at the Northwest Dyke was the first since 1955. The company is awaiting results on the other holes. The project is located in southeastern Manitoba in the Winnipeg River pegmatite field, which hosts the world-class Tanco Pegmatite. read more

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

MotherlodeTV
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