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Grid Metals Corp. Receives Drill Permit for Falcon West Cesium Property
NYSE - LSE
Grid Metals Corp. Receives Drill Permit for Falcon West Cesium Property
TORONTO, ON / ACCESS Newswire / September 11, 2025 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) ("Grid" or the "Company") is pleased to announce that it has received an exploration drill permit from the Province of Manitoba for its 100% owned Falcon West Lithium/Cesium Property, located approximately 110 km east of Winnipeg, Manitoba. The Company plans to begin drilling at Falcon West in September.
The target at Falcon West is the Lucy South cesium zone that has seen historical drill intercepts with high-grade cesium values largely contained in the mineral pollucite, the preferred feedstock for the cesium chemicals industry. Grid's upcoming drilling will mark the first concerted effort to define a discrete cesium zone at the property.
Cesium is listed as a rare critical metal by both the Canadian and Unites States governments. The rare metal has only been mined from three deposits globally, and there is currently a global shortfall of cesium feedstock to supply a growing number of applications, including strategic defence applications and next-generation solar panels.
Robin Dunbar, Grid's CEO & President, stated "Grid believes Falcon West represents a unique opportunity for the company to advance a high-demand and rare critical metals project in southeastern Manitoba, in an area with excellent infrastructure. It is rare to find a critical metals project with such an attractive combination of resource scarcity and demand. Our goal at Falcon West is to define a cesium deposit of importance to the global cesium industry."
On Behalf of the Board of Grid Metals Corp.
For more information about the Company, please see the Company website at www.gridmetalscorp.com or contact:
Robin Dunbar - President, CEO & Director Telephone: 416-955-4773 Email: [email protected]
Brandon Smith - Chief Development Officer - [email protected]
David Black - Investor Relations Email: [email protected]
Qualified Persons Statements
Dr. Dave Peck, P.Geo., the VP 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 (Ni-Cu-PGM-Co), which is subject to an Option and Joint Venture Agreement with Teck Resources Limited ("Teck"). Teck can earn up to a 70% interest in Makwa by incurring a total of CAD$17.3 million, comprising project expenditures (CAD$15.7 million) and cash payments or equity participation (CAD$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. The property is owned subject to a minority interest.
The Donner Property (Li-Cs) is adjacent to the Mayville Property, and Grid owns 75% of the project. Grid announced a cesium purchase agreement with Tanco on February 18, 2025.
The Falcon West Property (Li-Cs) is located 110 km east of Winnipeg along the Trans-Canada highway and contains highly anomalous cesium values in a number of historical drill holes including 2.2 m at 15.0% Cs2O and 3.2 m at 4.6% Cs2O.
All of the Company's southeastern Manitoba projects are located on the ancestral lands of the Sagkeeng First Nation with whom the Company maintains an Exploration Agreement.
We seek safe harbour. This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements include the Company's closing of the proposed financial transactions, sale of royalty and property interests. the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risk, uncertainty of production and capital costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, metallurgical risk, currency fluctuations, fluctuations in the price of nickel, cobalt, copper and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the most recent financial period and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE: Grid Metals Corp.
View the original press release on ACCESS Newswire
O.Lessard--SMC
