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

Grid Metals, GRDM.V
Hole NumberFrom (m)To read more

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

Grid Metals, GRDM.V

 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

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

Grid Metals Corp. Announces Terms for 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 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

Grid Metals, GRDM.V
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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

Grid Metals Reports Initial Drilling Results at Bannockburn Nickel

Grid Metals, GRDM.V
Drill HoleFrom (m)To (m)Length (m)Ni (%)Co (%)Cr (%)Cu (%)Mg (%)
GBN21-0240.50337.00296.500.280.0100.17<0.0126.00
inc.98.00210.00112.000.320.0090.11<0.0127.08
with147.00195.0048.000.340.0100.11<0.0126.92

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

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