Mr. Jeremy Poirier reports
GRIT METALS APPOINTS VICE PRESIDENT, EXPLORATION AND FORMS TECHNICAL ADVISORY BOARD AND GRANTS STOCK OPTIONS
Grit Metals Corp. has appointed Jake Clark as vice-president, exploration, and formed a technical advisory board. The advisory board will comprise Keith Henderson, Dan MacNeil and Mike Basha. These appointments strengthen Grit's technical capabilities as the company prepares to advance its Finnish pegmatite project through a follow-up exploration program targeted for Q1 (first quarter) 2026.
"Bringing Jake onto the executive team and assembling an advisory board of this calibre positions us well to execute on our exploration plans," said Jeremy Poirier, chief executive officer. "keith, Dan and Mike each bring decades of hands-on experience taking projects from discovery through development, and their guidance will be invaluable as we build on our Finnish portfolio."
Vice-president, exploration
Mr. Clark is a registered professional geoscientist with over a decade of international experience across exploration and production environments in Europe, Africa, the Middle East and North America. Most recently, he held technical roles with Appian Capital Advisory's base metals division and Allied Gold, where he led precious and base metal projects from grassroots discovery through resource definition. His background includes managing multicountry exploration portfolios, applying modern geological and geophysical techniques, and contributing to projects supporting the European Union's critical metals objectives.
The company entered into a consulting agreement with Mr. Clark pursuant to which the company will issue 416,667 common shares at a deemed price of 12 cents per share in full satisfaction of the $50,000 signing bonus owing to Mr. Clark. The board of directors has determined that settling the signing bonus in shares is in the best interests of the company as it will preserve cash for working capital purposes and strengthen the company's balance sheet. The issuance of shares remains subject to TSX Venture Exchange approval. All shares issued will be subject to a hold period of four months and one day from issuance.
Advisory board
Mr. Henderson is a mining executive and geologist with over 30 years of experience in the resource sector. He founded and serves as CEO of Latin Metals and Velocity Minerals. Earlier in his career, he held senior roles with Anglo American PLC and Cardero Resource Corp., where he played a key role in advancing the Pampa de Pongo project through a positive scoping study to its eventual sale for $100-million (U.S.). He currently serves on the boards of Edge Copper and BP Silver Corp., and holds BSc (honours) and MSc degrees in geology.
Mr. MacNeil is an economic geologist with more than 25 years of experience spanning continental-scale project generation to in-mine resource expansion across the Americas and Europe. He currently consults with mid-tier and junior mining companies on resource expansion, target delineation, drill testing and property evaluations.
Mr. Basha previously served as the company's vice-president, exploration, where he established Grit's technical foundation and advanced its Finnish portfolio. He will continue to contribute to the company's exploration strategy through his new advisory role. The company thanks Mr. Basha for his leadership and welcomes his continued involvement.
Exploration update
With the strengthened technical team in place, Grit is reviewing its exploration database and historical work with the objective of defining a follow-up exploration program for Q1 2026 at its Finnish pegmatite project. Improving sentiment in the lithium sector supports the company's decision to advance planning for additional fieldwork and target definition.
Stock option grant
In accordance with the omnibus incentive plan of the company, the company has granted an aggregate of 2,255,000 stock options to certain directors, officers, consultants and members of the advisory board of the company. The options are exercisable into a share of the company at a price of 14 cents for a period of 10 years. Options granted to the directors and officers of the company will see 25 per cent vest immediately and 25 per cent vesting every four months for one year from the date of grant, while options granted to the advisory board of the company will see 25 per cent vest immediately, followed by 25 per cent vesting every six months thereafter for 18 months. Fifty thousand of the options will vest immediately.
About Grit Metals Corp.
Grit Metals is a junior exploration company focused on lithium-cesium-tantalum pegmatites in central Finland. The company's exploration licences are located within one kilometre (km) of Keliber's mine and production complex, a 600-million-euro investment by Sibanye-Stillwater Ltd. in partnership with Finnish Minerals Group. The Keliber complex, which is currently in commissioning, will comprise open-pit and underground mining, a central spodumene concentrator and a lithium hydroxide plant at tidewater in Kokkola, creating a complete hard-rock lithium supply chain in the region.
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