Tag: Manitoba

Grid Metals Corp. Signs Pre-Production MOU with Tanco Lithium Mine

MotherlodeTV
Nickel, Manitoba, Grid Metals, GRDM.V
Grid Metals Corp., Monday, October 17, 2022, Press release picture

Grid Metals Corp. (the “Company“)(TSXV:GRDM)(OTCQB:MSMGF) is pleased to announce that it has entered into a Memorandum of Understanding (“the Agreement”) with Tantalum Mining Corporation of Canada Limited (“Tanco”) for the forthcoming metallurgical tests on lithium spodumene ore from Grid’s Donner Lake Lithium Property at the Tanco Mine which is located at Bernic Lake in southeastern Manitoba, which will serve as basis for further collaboration. The Tanco Mine is currently the only North American based producer of lithium spodumene concentrate. The Donner Lake Lithium Property is a 75%/25% joint venture between Grid Metals Corp and Lithium Royalty Corp. (“LRC”). read more

Grid Metals Completes Fully Subscribed $8.52 Million Financing

MotherlodeTV
Nickel, Manitoba, Grid Metals, GRDM.V

Grid Metals Corp. (the “ Company “) (TSXV:GRDM)(OTCQB:MSMGF ) is pleased to announce completion of a private placement of securities (the “Offering”) originally announced on August 22, 2022. The Company issued a total of 56 million common shares of the company including 20 million shares by way of a charitable flow through offering which were priced at $0.21 per share. The total gross proceeds of the Offering were $8,520,000. The second tranche of the financing consisted of the issuance of 36,000,000 common shares of the Company issued at $0.12 per share. All shares issued under the Offering are subject to a voluntary one year hold period. Churchill Strategic Investments Group Pty Ltd of Perth Australia was an investor and also acted as the lead manager for the Offering. read more

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

JayCurrie
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 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

New High-Grade Lithium Intersections at Donner Lake Lithium Project; Field Program Underway

MotherlodeTV
Grid Metals, GRDM.V
Grid Metals Corp., Monday, June 20, 2022, Press release picture

Grid Metals Corp. (the “Company“) (TSXV:GRDM)(OTCQB:MSMGF) is pleased to report additional drilling results from the Phase 1 drill program at its Donner Lake lithium property (the “Property“) in southeastern Manitoba. In addition, the Company has started field work at the Property that will initially focus on sampling of several previously mapped pegmatite dykes. 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 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 Corp. and Canada Nickel Announce Sale of Bannockburn Nickel Property

MotherlodeTV
Grid Metals, GRDM.V

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. read more

Grid Metals: Nickel and Lithium in Manitoba

JayCurrie
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 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