18:38:28 EDT Mon 30 Jun 2025
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Grid Metals Corp
Symbol GRDM
Shares Issued 204,401,164
Close 2025-02-24 C$ 0.035
Market Cap C$ 7,154,041
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Grid Metals starts Cs drilling at Donner

2025-02-25 16:13 ET - News Release

Mr. Brandon Smith reports

GRID METALS CORP. ANNOUNCES COMMENCEMENT OF CESIUM DRILLING AT DONNER AND PARTICIPATION AT PDAC CONVENTION

Grid Metals Corp. has started the cesium drill program at the high-grade dike at the Donner lithium/cesium property in southeastern Manitoba. Grid has also received the initial prepayment advance of $300,000 from Tanco as a part of the cesium supply agreement to finance the continuing drill program (see press release from Feb. 18, 2025, for more information).

In addition, Grid would like to cordially invite its shareholders and other stakeholders to visit the company at booth No. 2122 in the investors exchange exhibition room at the Prospectors and Developers Association of Canada (PDAC) Convention. PDAC, regarded as one of the world's premier resources conferences, will run from Sunday, March 2, 2025, until Wednesday, March 5, 2025, at the Metro Toronto Convention Centre in Ontario, Canada.

To register for the PDAC Convention, visit the PDAC website. The company looks forward to seeing you there.

Qualified persons statements

Dr. Dave Peck, PGeo, the vice-president, exploration, of Grid, is the qualified person for purposes of National Instrument 43-101, and has reviewed and approved the technical content of this release.

About Grid Metals Corp.

Grid Metals is focused on exploration and development in southeastern Manitoba with four key projects in the Bird River area:

  • The Makwa property (nickel-copper-platinum-group-metals-cobalt), which is subject to an option and joint venture agreement with Teck Resources Ltd. Teck can earn up to a 70-per-cent interest in Makwa by incurring a total of $17.3-million, comprising project expenditures ($15.7-million), and cash payments or equity participation ($1.6-million) with Grid. Makwa is located on the south arm of the Bird River greenstone belt;
  • The Mayville property (Cu-Ni) is located on the north arm of the Bird River greenstone belt. Grid owns 100 per cent of the Mayville property subject to a minority interest;
  • The Donner property (Li-Cs) is adjacent to the Mayville property, and Grid owns 75 per cent of the project. Grid announced a cesium purchase agreement with Tanco on Feb. 18, 2025;
  • The Falcon West property (Li-Cs) is located 110 kilometres east of Winnipeg along the Trans-Canada highway, and contains highly anomalous cesium values in a number of historical drill holes including 3.3 metres at 10.3 per cent cesium monoxide and 3.2 m at 4.6 per cent Cs2O.

All of the company's southeastern Manitoba projects are located on the ancestral lands of the Sagkeeng First Nation with which the company maintains an exploration agreement.

We seek Safe Harbor.

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