TSXV;GRDM

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Grid Metals Corp. Closes Cad $6.3 Million Funding Agreements With Lithium Royalty Corp.

January 14, 2022 MotherlodeTV

GRID METALS CORP. (TSXV:GRDM)(OTCQB:MSMGF) ( “Grid ” or the “Company”) today announced it has closed its previously announced financing ( the “Transaction”) with Lithium Royalty Corp. (“LRC”) (a leading pure play battery royalty and streaming company). The Transaction consists of a private placement financing, royalty sales on two properties pertaining to lithium minerals and asset sales of 25% interests in lithium rights on the two properties ( Mayville Lithium and Campus Creek) Total funding to Grid in connection to the proposed Transaction is approximately CAD$6.3 million. The working capital of Grid has increased to approximately $ 8.8 million. read more

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

January 4, 2022 MotherlodeTV

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

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

November 18, 2021 MotherlodeTV

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

Grid Metals Options Newly Discovered Lithium Pegmatite Property In NW Ontario

October 5, 2021 MotherlodeTV

Sample

Easting (m)

Northing (m)

Elevation read more

Grid Metals: Spodumene means Lithium in Manitoba

September 22, 2021October 14, 2021 JayCurrie

On September 14 Grid Metals (GRDM.V) put out a press release reporting drill results at its Mayville “Main Dyke” lithium pegmatite target located in the Bird River greenstone belt of southeastern Manitoba. 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

September 14, 2021October 14, 2021 MotherlodeTV

MAYVILLE LITHIUM PROPERTY 2018 MAIN DYKE DRILL RESULTS
Drill Hole	From (m)	To (m)	Interval (m)	Li2O (%)	Cs2O (%)	Rb2O (%)	Ta (ppm)	Fe (%)	Comment
MLI-18-01	14.68	18.48	3.80	1.7	0.05	0.42	133.6	0.13	Previously released
MLI-18-02	36.75	39.63	2.88	1.6	0.03	0.32	120.3	0.28	Previously released
MLI-18-03	78.67	84.08	5.41	1.5	0.05	0.42	142.3	0.70	Previously released
MLI-18-04	148.04	151.83	3.79	1.4	0.03	0.33	108.4	0.16	Initial disclosure
MLI-18-05	85.2	85.77	0.57	1.6	0.02	0.19	152.0	0.36	Initial disclosure
and	99.7	102.98	3.28	1.7	0.04	0.33	124.0	0.19	Initial disclosure
MLI-18-06	81.24	83.9	2.66	1.8	0.03	0.30	143.1	0.17	Initial disclosure
MLI-18-07	75.50	78.88	3.38	1.8	0.03	0.42	174.2	0.10	Initial disclosure
MLI-18-08	66.98	69.88	2.90	1.5	0.03	0.45	179.9	0.12	Initial disclosure
and	70.45	71.3	0.85	1.8	0.03	0.34	187.0	0.32	Initial disclosure
MLI-18-09	50.47	53.03	2.56	1.3	0.04	0.30	196.8	0.21	Initial disclosure
MLI-18-10	106.35	107.00	0.65	0.4	0.02	0.20	118.0	0.15	Initial 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% Li₂ 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:Three Solid Properties

August 25, 2021October 14, 2021 JayCurrie

GRDM.V, Grid Metals, nickel, copper, palladium, Ontario, Manitoba

There are not a lot of junior exploration companies which have survived for 25 years. Grid Metals (GRDM.V) has, and Robin Dunbar, CEO and President of Grid was happy to speak about the company’s history and prospects in a phone interview. read more

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

August 23, 2021October 14, 2021 MotherlodeTV

Sample#	Hole ID	From (m)	To (m)	Length (m)	Rh (ppb)	Pt (ppb)	Pd (ppb)
360073	EBL21-01	66.00	67.00	1.00	109	866	3290
360089	EBL21-01	81.00	82.00	1.00	67	894	2420
361174	EBL21-06	51.00	52.00	1.00	158	824	3100
361179	EBL21-06	56.00	57.00	1.00	81	755	3130
361181	EBL21-06	57.00	58.00	1.00	125	1250	3720
361228	EBL21-06	100.00	101.00	1.00	48	804	2000
361375	EBL21-07	7.00	8.00	1.00	189	1350	9400
361447	EBL21-07	72.00	73.00	1.00	95	748	2910
361468	EBL21-07	91.00	92.00	1.00	85	803	2850
361469	EBL21-07	92.00	93.00	1.00	87	703	2480
361471	EBL21-07	93.00	93.80	0.80	106	845	3080
287966	EBL20-13	4.00	5.00	1.00	157	906	2380
287975	EBL20-13	12.00	13.00	1.00	60	392	1370
287982	EBL20-13	18.00	19.00	1.00	40	681	1810
288001	EBL20-13	35.00	36.00	1.00	58	480	1910
288018	EBL20-13	51.00	52.00	1.00	35	194	1130
288047	EBL20-13	77.00	78.00	1.00	58	419	1930
288053	EBL20-13	82.00	83.00	1.00	55	406	1840
288056	EBL20-13	85.00	86.04	1.04	120	911	3580
288065	EBL20-13	92.00	93.00	1.00	156	640	3010
288066	EBL20-13	93.00	94.00	1.00	68	613	3190
288071	EBL20-13	97.00	98.00	1.00	80	562	2420
288079	EBL20-13	105.00	106.00	1.00	110	882	3340
288045	EBL20-13	75.00	76.00	1.00	58	481	1770
361735	EBL21-08	199.25	200.00	0.75	77	925	4210
365553	EBL21-09	49.00	50.00	1.00	148	2000	5810
365676	EBL21-09	158.76	159.30	0.54	45	6490	38500
365793	EBL21-10	67.00	68.00	1.00	216	2010	6280
361889	EBL21-11	97.00	98.00	1.00	90	960	2840
366061	EBL21-12	98.00	99.00	1.00	128	1000	4350
366186	EBL21-15	44.00	45.00	1.00	45	1240	841
366187	EBL21-15	45.00	46.00	1.00	45	1370	1160

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

Grid Metals Reports Initial Drilling Results at Bannockburn Nickel

June 28, 2021June 28, 2021 MotherlodeTV

Drill Hole	From (m)	To (m)	Length (m)	Ni (%)	Co (%)	Cr (%)	Cu (%)	Mg (%)
GBN21-02	40.50	337.00	296.50	0.28	0.010	0.17	<0.01	26.00
inc.	98.00	210.00	112.00	0.32	0.009	0.11	<0.01	27.08
with	147.00	195.00	48.00	0.34	0.010	0.11	<0.01	26.92

Grid Metals Corp. (the “ Company “) (TSXV:GRDM)(OTCQB:MSMGF) is pleased to announce initial results from its recently completed spring 2021 drilling program on its 100% owned Bannockburn Nickel Sulphide Property (the “ Property “) located in the Matachewan area of northeastern Ontario and approximately 100 km south of Timmins. The new drill program is pursuing bulk tonnage disseminated nickel sulfide mineralization hosted by a three-kilometre-long serpentinized ultramafic body. The style of mineralization targeted is similar to that hosted in the Crawford Deposit owned by Canada Nickel Company. read more

Tag: TSXV;GRDM

Grid Metals Reports Wide Zones of Nickel Mineralization and Higher Grade Core at Bannockburn Nickel Property