Grid Metals Completes Fully Subscribed $8.52 Million Financing

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

GCM Mining and Aris Gold Combine to Create a Leading Americas Gold Producer

Creates a company with larger scale and significant free cash flow to unlock shareholder value Substantial combined gold reserve of 3.8 Moz and resource base of 18.3 Moz Measured & Indicated and 7.7 Moz Inferred1 Strengthened mine-building, operating and financial capacity Streamlined corporate structure with direct realizable synergies No premium, all-share business combination

GCM Mining Corp. (GCM) (TSX: GCM; OTCQX: TPRFF) and Aris Gold Corporation (Aris Gold) (TSX: ARIS; OTCQX: ALLXF) announce they have entered into a definitive agreement (the Arrangement Agreement) under which GCM will acquire all the outstanding Aris Gold shares not already held by GCM (the Transaction). The resulting entity will be named Aris Gold Corporation and will be led by Ian Telfer as Chair and Neil Woodyer as CEO and Director. read more

Grid Metals Corp. and Canada Nickel Announce Sale of Bannockburn Nickel Property

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

CLEAN AIR METALS ANNOUNCES UPSIZING OF PREVIOUSLY ANNOUNCED BEST EFFORTS PRIVATE PLACEMENT TO $12.5 MILLION

Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to report that in connection with its previously announced “best efforts” private placement offering, the Company and a syndicate of agents led by Paradigm Capital Inc. (the “Lead Agent“), and including Beacon Securities Inc., Echelon Wealth Partners Inc., and Hannam & Partners (collectively, the “Agents“), have agreed to increase the size of the offering to total gross proceeds of $12.5 million (“The Offering“).  The Company will now issue (i) 23,150,400 flow-through units (“FT Units“), of which 10,869,600 will be issued at a price of $0.23 per FT Unit (the “FT Issue Price”) and 12,280,800 of which will be issued at a price of $0.285 (the “Premium FT Issue Price”), and (ii) 32,250,000 non-flow-through units (“Units“) at a price of $0.20 per Unit (the “Unit Issue Price“). read more

CLEAN AIR METALS ANNOUNCES $9 MILLION BEST EFFORTS PRIVATE PLACEMENT

Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. on behalf of a syndicate of agents (collectively, the “Agents“), in connection with a “best efforts” private placement financing (the “Offering“) for gross proceeds of up to $9 million, consisting of up to  (i) 17,887,200  flow-through units (“FT Units“) of the Clean Air Metals Inc. (the “Company“), of which 10,869,600 will be issued at a price of $0.23 per FT Unit (the “FT Issue Price”) and  7,017,600 of which will be issued at a price of $0.285 (the “Premium FT Issue Price”), and (ii) 22,500,000 non-flow-through units (“Units“) at a price of $0.20 per Unit (the “Unit Issue Price“). read more

Drilling Underway At Grid Metals Manitoba Nickel Targets

Grid Metals, GRDM.V

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. read more

Channel Sampling at Renforth’s Victoria West Delivers Consistent Surface Nickel Mineralization Combined with Copper Enrichment

Renforth Resources

Renforth Resources Inc. (CNSX:RFR.CN) (OTC:RFHRF) (FSE:9RR) (“Renforth” or the “Company”) is pleased to share the consistent results of channel sampling across the ~275m stripped surface area of the ~5km Victoria West nickel/copper mineralized system within Renforth’s wholly owned ~30,000 hectare Surimeau District Property in NW Quebec. The channel samples demonstrate consistent elevated nickel and cobalt values, along with elevated copper and zinc values. In several locations the two mineralization types “mix”, the highlight of this “mixing” is a 12.9m section of Channel 49 which overall assays 0.121% Ni and 0.013% Co, including 0.224% Ni over 1m, which also includes 5.5m of 0.43% Cu and 1.63% Zn, within which 0.8m assays 2.05% Cu. read more

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

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