Grid Metals Corp. Announces $4 Million Private Placement

Grid Metals Corp. has announced a strategic private placement to raise up to C$4,027,158. The placement involves issuing common shares to a strategic investor and an existing institutional shareholder, alongside flow-through shares to charitable purchasers. The first tranche will issue 14,000,000 common shares at C$0.12 each, generating C$1,680,000. The second tranche will include 7,060,903 common shares and 7,575,000 flow-through shares at different prices, yielding up to C$2,347,158.

The funds will support exploration at the Falcon West cesium project and the Bird River Belt for nickel, copper, and platinum group metals. No warrants or finder's fees are attached. The first and second tranches are set to conclude in mid and late October 2025, contingent on regulatory approvals.

CEO Robin Dunbar expressed enthusiasm for the investment, highlighting the potential of the Falcon West property as a key cesium source. The common and flow-through shares are subject to a hold period, and an investor rights agreement is anticipated with the strategic investor.