Grid Metals Announces Positive Mineralogical Results at Falcon West, Engages SGS Canada for Ore Sorting Test Work, and Announces Investor Relations Agreements
Grid Metals Announces Positive Mineralogical Results at Falcon
West, Engages SGS Canada for Ore Sorting Test Work, and
Announces Investor Relations Agreements
September 8, 2026 TORONTO -- Grid Metals Corp. (TSXV: GRDM; OTCQB: MSMGF) (“Grid”
or the “Company”) is pleased to report positive mineralogical results from the Lucy South
pegmatite at its Falcon West Property (the “Property”) in southeastern Manitoba. The results
confirm pollucite, the preferred mineral for cesium processing, as the main cesium host mineral
at Lucy South. Accordingly, Grid has engaged SGS Canada to complete an initial >300 kg ore
sorting test program to determine the potential of producing a marketable cesium-bearing pollucite
concentrate. Ore sorting using X -Ray Transmission (“XRT”) is the preferred method to recover
pollucite from ore and is a well -proven approach in the industry. This ore sorting test work will
allow Grid to supply pollucite concentrate to potential end users to test the amenability of the
concentrate for cesium chemical production.
Highlights
• Pollucite is the dominant cesium-bearing mineral in the Lucy South pegmatite.
• Strong liberation performance from the planned ore sorting (XRT) tests are expected
based on the mineralogical and grain size data.
• A strong positive correlation within the Lucy South pollucite zone exists between Cs 2O
grade and pollucite content (linear regression correlation coefficient = 0.98) with 30%
Cs2O equating to 80% pollucite.
• Pollucite is also present in the Lucy North pegmatite.
• A metallurgical study applying ore sorting technology will soon commence. The study will
help constrain the potential of producing a saleable Cs2O (pollucite) concentrate having a
grade in the range of 10-20% Cs2O.
Mineralogical Results
A total of 28 drill core samples from the Artdon and Lucy pegmatites have been analyzed using
QEMSCAN and MLAS semi-quantitative analysis. The analyses were performed at two different
laboratories over a period of 12 months. Twenty-four samples are from Lucy South. Of these, 15
samples are from the pollucite zone, one from the spodumene zone, one from the lepidolite zone,
one from the aplite zone, one from the wall zone, and 5 from the external contact zone where it
features intense biotite alteration and enhanced cesium contents. Three samples were analyzed
from the Lucy North pegmatite. One sample was analyzed from the Artdon pegmatite. Results
are presented in Table 1 below.
Results for the Lucy South pegmatite samples indicate that pollucite is by far the dominant Cs -
bearing phase in the pollucite zone. The only other C s-bearing phases identified within the
pollucite zone are muscovite and, to a le sser extent, biotite. Samples from Lucy South from the
adjacent spodumene, wall, aplite and lepidolite zones do not carry significant quantities of
pollucite. In contrast, some samples from the biotite-rich portions of the contact zones can locally
contain pollucite.
TABLE 1. Results from Semi -Quantitative Mineralogical Analyses for the Falcon West
project. Abbreviations: POL = pollucite SPOD = spodumene; LEP = lepidolite; tr = trace.
Lab Date Drill Hole Pegmatite Sample Zone Cs2O
(%)
POLL
(%)
SPOD
(%)
SGS May-25 LU-12-01 Lucy South 4504 Pollucite 7.59 24.8 8.05
SGS May-25 LU-12-02 Lucy South 4526 Pollucite 17.2 47.1 6.76
SGS May-25 LU-12-03 Lucy South 4537 Pollucite 2.00 16.0 34.86
SGS May-25 ADL24-09 Lucy South 1299 Pollucite 12.4 24.0 47.23
ACT Apr-26 LU25-21 Lucy South 2559 Pollucite 30.4 77.8 3.28
ACT Apr-26 LU25-51 Lucy South 1279 Pollucite 30.0 81.0 3.22
ACT Apr-26 LU25-09 Lucy South 2202 Pollucite 24.1 76.4 7.78
ACT Apr-26 LU25-08 Lucy South 2172 Pollucite 27.1 77.5 2.91
ACT Apr-26 LU25-18 Lucy South 2481 Pollucite 20.3 52.4 10.2
ACT Apr-26 LU25-01 Lucy South 2011 Pollucite 27.4 75.4 6.16
ACT Jul-26 LU26-02 Lucy South 3019 Pollucite 0.64 1.40 37.64
ACT Jul-26 LU26-03 Lucy South 3035 Pollucite 0.36 0.57 0.78
ACT Jul-26 LU26-11 Lucy South 3195 Pollucite 10.5 31.0 19.8
ACT Jul-26 LU26-33 Lucy South 3658 Pollucite 4.11 12.5 23.9
ACT Jul-26 LU26-55 Lucy South 4141 Pollucite 1.08 1.32 68.7
ACT Jul-26 LU25-12 Lucy South 2296 SPOD 1.58 tr 0.40
ACT Jul-26 LU26-01 Lucy South 3003 LEP 0.70 1.00 0.48
ACT Jul-26 LU25-19 Lucy South 2499 Wall 0.22 0.00 0.05
ACT Jul-26 LU26-41 Lucy South 3872 Aplite 0.42 tr 0.01
ACT Apr-26 LU25-52 Lucy South 1302 Contact 1.81 5.61 0.39
ACT Apr-26 LU25-65 Lucy South 1599 Contact 2.35 0.03 0.83
ACT Jul-26 LU25-29 Lucy South 2805 Contact 1.45 tr 0.17
ACT Jul-26 LU26-05 Lucy South 3082 Contact 0.35 0.00 0.07
ACT Jul-26 LU26-12 Lucy South 3225 Contact 0.49 tr 26.9
SGS May-25 ADL24-01 Lucy North 1076 Contact 1.08 0.03 0.30
SGS May-25 ADL24-02 Lucy North 1115 Pollucite 8.81 27.1 33.96
ACT Jul-26 LU26-48 Lucy North 3972 Contact 0.96 tr 0.81
SGS May-25 ADL24-21 Artdon 1824 Contact 1.08 0.05 0.39
FIGURE 1. Location map of the Lucy South Cesium Zone, Lucy North Target, and Artdon
LCT pegmatites overlain on a total field magnetic image . Mineralogical analyses w ere
completed on samples from the drill holes identified in the image.
Ore Sorting Test Work
• With its high concentration of cesium (can contain greater than 30% cesium oxide) ,
pollucite is the mineral of choice for extraction of cesium for processing into value-added
cesium chemicals.
• An initial >300 kg composite sample is being shipped to SGS Canada (Lakefield, Ontario)
for grinding, blending and assay. Three size fractions will be produced. These will be
shipped to the Tomra ore sorti ng test facility in Germany in order to determine Cs 2O
recoveries and concentrate grades for each fraction.
• Additional mineral concentration test work is being considered for the fall.
• A microprobe study to determine the chemistry and chemical variability of the pollucite in
the concentrates is also being considered.
Investor Relations Agreement with Peterson Capital
The Company announces, effective September 8, 2026, that it has entered into a consulting
agreement (the “ Peterson Agreement”) with Grignan Holdings Ltd. dba Peterson Capital
(“Peterson Capital”) to provide investor relations services in compliance with the policies and
guidelines of the TSX Venture Exchange (the “TSXV”) and other applicable legislation.
Peterson Capital, based in Edmonton, Alberta, is one of Canada’s leading capital markets
advisory and communications firms. It specializes in connecting high growth companies to its
extensive network of retail Investment Advisors in Canada as well as famil y offices and funds in
Europe.
Neither Peterson nor any of its principals currently own, directly or indirectly, any securities of the
Company, but may purchase securities in the Company from time to time for investment
purposes, and Peterson and its principals are at arm’s length from the Company.
Under the Peterson Agreement, Peterson Capital will assist the Company with investor outreach
and marketing initiatives, including introductions to potential investor groups and participation in
Peterson Capital’s 2027 Canadian conference event and virtual meetings. Peterson Capital will
also assist with the development of corporate presentation and other marketing materials, and
disseminate Company-approved information to increase public awareness, in accordance with
applicable securities regulations.
The Peterson Agreement has a term of twelve months, includes consultant fees of CDN$100,000,
of which $65,000 will be paid up front and $35,000 after six months from available cash reserves,
and is subject to the approval of the TSXV.
Investor Relations Agreement with Capital Analytica
The Company announces it has entered into an agreement (the “Capital Analytica Agreement”)
with Triomphe Holdings Ltd., doing business as Capital Analytica (“Capital Analytica”), an arm’s-
length service provider, to provide certain marketing and social media services to the Company,
in accordance with the policies of the TSXV and applicable securities laws. Based in Nanaimo,
B.C., Capital Analytica specializes in marketing, social media and public awareness within the
mining and metals sector. Capital Analy tica will provide social media services, capital market
consultation and social engagement reporting for an initial six -month term for a fee of $150,000
payable from available cash reserves in two tranches, with an option to renew the Capital
Analytica Agr eement for an additional six months for $75,000 unless terminated earlier in
accordance with the terms of the Capital Analytica Agreement. Under the Capital Analytica
Agreement, Capital Analytica is entitled to a grant of 200,000 stock options to be grante d within
two months of the date of entering into the Capital Analytica Agreement on terms to be determined
by Grid.
Neither Capital Analytica nor any of its principals currently own, directly or indirectly, any securities
of the Company, but may purchase securities in the Company from time to time for investment
purposes, and Peterson and its principals are at arm’s length from the Company.
Pursuant to the terms of the Capital Analytica Agreement, Capital Analytica will provide ongoing
capital markets consultation, ongoing social media consultation regarding engagement and
enhancement, social sentiment reporting, social engagement reporting, discussion forum
monitoring and reporting, corporate video dissemination, and other related investor relations
services. The Capital Analytica Agreement remains subject to TSXV approval.
About Falcon West
• The focus of the Falcon West joint venture between Grid (85%) and Avenir Minerals
Limited (15%) is to establish a producing cesium operation at the Lucy South cesium zone.
Cesium is a rare critical metal with a number of forward-facing industrial uses. The scope
of the project is to establish a small footprint operation that uses crushing and XRT ore
sorting (no water utilized or extensive infrastructure) in the production of a cesium-bearing
pollucite concentrate to be sold to downstream cesium chemical producers.
• Falcon West consists of 124 unpatented mining claims located 1 30 km east of Winnipeg
and is transected by the Trans Canada Highway. Most of Grid’s exploration efforts have
focused on the Lucy claims in the northeastern part of the property.
• Starting in October 2025, Grid commenced resource delineation drilling for cesium and
lithium targeting the core zone of the Lucy South pegmatite located at the eastern end of
the ADL trend. This campaign concluded in February 2026.
• The Lucy South pegmatite is a ~10 metre-thick, near surface, highly fractionated cesium-
lithium-tantalum-enriched pegmatite body containing a discrete pollucite-rich zone (Lucy
South cesium zone). Resource drilling has defined this cesium zone over an area of ~120
metres x ~50 metres. The known pollucite mineralization occurs over a true thickness of
<1m to 4 metres. The zone remains partially open to the north, east and south.
• The pollucite mineralization is interpreted to have formed in the partially crystallized core
zone during the last stages of solidification of the host Lucy South pegmatite, post-dating
an overlapping and more continuous zone of spodumene mineralization.
• Exploration potential in the project area remains high with a number of occurrences of
spodumene and pollucite mineralization noted in the immediate project area of >1 km by
~250 metres. Of note is a large gap in historical drilling between the Artdon LCT pegmatite
occurrence in the west and the Lucy South and Lucy North pegmatites in the east. This
800-metre-wide gap remains a high priority target for the next phase of drilling at the
Property.
About Cesium and the Cesium Market
Cesium is defined as a critical metal by both Canada and the U.S. It is used in a number of
important energy and security related applications. There are currently no western controlled
cesium producing operations in the world. There is currently believed to be a significant shortage
of cesium feedstock globally 1. Pollucite has historically been the mineral of choice for cesium
extraction given its high cesium content.
Quality Assurance and Quality Control
The Company’s ongoing exploration program at the Falcon West cesium/lithium property is being
supervised by Dave Peck, P.Geo. Grid Metals applies best practice quality assurance and quality
control (“QAQC”) protocols on all of its exploration programs. For the current program , all core
was logged and sampled at the Company’s core facility located on its Makwa nickel property.
Generally, 1.0 metre sample lengths were used. Samples were bagged and tagged and then
transported by secure carrier to the Activation Laboratories facility in Ancaster, Ontario for sample
preparation and analysis for lithium, cesium, rubidium, tantalum and selected major and trace
element abundances using a sodium peroxide fusion total digestion method followed by ICP-OES
and ICP -MS analysis. The Company is using two rare metal certified reference materials
(“CRMs”) and an analytical blank for the program to monitor analytical accuracy and check for
cross contamination between samples. The blank and CRM results for the reported intervals
were determined to fall within the accepted range of deviation from the certified values. A check
assay program using a similar sodium peroxide fusion digestion method has recently been
initiated with check samples being analyzed at AGAT Laboratories in Thunder Bay, Ontario.
Qualified Person Statement
Dr. Dave Peck, P.Geo., is a “Qualified Person” as defined in National Instrument 43 -101 –
Standards of Disclosure for Mineral Projects (“NI 43-101”) and has reviewed and approved the
scientific and technical information disclosed in this release. Dr. Peck is not independent of the
Company within the meaning of NI 43-101 as he is an officer of Grid.
About Grid Metals Corp.
The Company is one of the largest mineral rights holders in the Province of Manitoba with over
250,000 hectares of mineral claims and exploration licenses registered to Grid. The current focus
of Grid is its Falcon West Property which is an emerging cesium discovery. A summary of Grid’s
mineral properties in Manitoba include:
1) The Falcon West Property (Li-Cs) is located 130 km east of Winnipeg along the Trans-
Canada highway and contains highly anomalous cesium and lithium values in LCT
pegmatite including the Lucy South pegmatite dyke, the focus of Grid’s current exploration
efforts. The property is subject to a joint venture agreement with Avenir Minerals, which
has a 15% interest in the property.
2) 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 C$17.3 million, comprising project expenditures (C$15.7
million) and cash payments or equity participation (C$1.6 million) with Grid. Makwa is
located on the south arm of the Bird River Greenstone Belt and contains an indicated open
pit resource of 14.2 million tonnes grading 0.48% nickel, 0.11% copper, and 0.37 g/t
palladium2.
3) 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 project contains an indicated
open pit resource of 32.0 million tonnes grading 0.40% copper, 0.16% nickel, and 0.13 g/t
palladium2.
4) The Donner Property (Li-Cs) is adjacent to the Mayville Property, and Grid owns 75% of
the project. The project contains an inferred open pit resource of 2.1 million tonnes grading
1.42% Li 2O and an inferred underground resource of 4.7 million tonnes grading 1.37%
Li2O3.
5) The Thompson East (Cu-Ni-PGM) Property is located east of the city of Thompson in
north-central Manitoba and captures a number of high tenor Cu- and PGE-rich magmatic
sulphide occurrences that are interpreted to be related to the development of the adjacent
Thompson Nickel Belt. The property is subject to an Option and Joint Venture
Agreement with Boliden Mineral Canada Ltd. Boliden is currently sole -funding early-
stage exploration on the property.
6) The 100%-owned Fox River (Cu -Ni-PGM-Au) Property located in the Gillam region of
northeastern Manitoba and covering 90 km of strike of the highly prospective Fox River
Belt – a direct analogue to the Raglan nickel district in northern Quebec.
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.
References Cited:
(1) US Geological Survey Mineral Commodity Summaries – Cesium - February 2026.
(2) NI 43-101 report by Micon International dated June 14, 2024 and entitled ‘NI 43-101 Technical
Report on the Updated Mineral Resources Estimate of the Makwa-Mayville (MM) Project, Manitoba,
Canada.
(3) NI 43-101 report by SGS Geological Services dated September 1, 2023 and entitled ‘Technical
Report on a Mineral Resource Estimate for the Donner Lake Lithium Property, Manitoba, Canada.
On Behalf of the Board of Grid Metals Corp.
For more information about the Company, please visit our website at www.gridmetalscorp.com
or the Company’s Curation Connect showcase here or contact:
Robin Dunbar – President, CEO & Director – [email protected], +1 (416) 955-4773
Brandon Smith – Chief Development Officer – [email protected]
David Black – Investor Relations – [email protected]
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
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 applicable Canadian securities legislation, including the Securities Act (Ontario) (together,
“forward-looking statements”) as they relate to the Company and its management. Forward -looking
statements are not historical facts but represent management’s current expectation of future events and
can be identified by words such as “believe”, “expects”, “will”, “intends”, “plans”, “projects”, “anticipates”,
“estimates”, “should”, “continues” and similar expressions. Although management believes that the
expectations represented in such forward -looking statements are reasonable, there can be no assurance
that they will prove to be correct or will come to pass. Forward-looking statements include statements and
information regarding the Company’s exploration and development plans, in particular the ongoing
exploration and metallurgical test work at the Falcon West Property and in particular the Lucy South
pegmatite, the Company’s focus on the Falcon West Property, the exploration potential in the project area,
the planned ore sorting test program, the potential to produce a marketable cesium -bearing pollucite
concentrate and to establish a producing cesium operation at the Lucy South occurrence, the joint venture
agreements concerning the Falcon West Property, Makwa Property and Thompson East Property, and in
particular the potential for the counterparty of each to meet its obligations under such agreements and
acquire a greater ownership stake in the properties of the Company, resource estimates, future financing
plans, use of proceeds, regulatory approvals, including the approval of the TSXV for the Peterson
Agreement, Capital Analytica Agreement and other applicable transactions, the option to renew the Capital
Analytica Agreement, market conditions, the Company’s future business objectives, the future plans for the
Company, and other forward-looking information.
By their nature, forward -looking statements include assumptions and are subject to inherent risks and
uncertainties that could cause actual future results, conditions, actions, or events to differ materially from
those in the forward -looking statements. Forward -looking statements are based on a number of
assumptions that management believes to be reasonable at the time such statements are made, including,
without limitation, assumptions regarding the availability o f capital, the receipt of required regulatory
approvals, the grant of pending exploration permit and licence applications, the continuation of favourable
market conditions, the accuracy of historical and technical data, the ability and interest of the Company and
its joint venture partners to meet their respective obligations under the applicable joint venture agreement,
results of planned ore sorting and metallurgical test work, potential for a marketable cesium-bearing
pollucite concentrate, including one having a grade in the range of 10-20% Cs2O, and the Company’s ability
to execute its exploration and development plans as currently contemplated. The future outcomes that
relate to forward-looking statements may be influenced by many factors, including but not limited to: risks
and uncertainties relating to the Company and its joint venture partners’ ability to meet their respective
obligations under the applicable joint venture agreement; the results of explora tion to be undertaken in
future; whether either party’s interest in any joint venture is diluted such that it is converted to a net smelter
return royalty; the parties’ ability to fund their respective pro rata share of joint venture costs; risks related
to exploration and development activities; commodity price fluctuations, including fluctuations in the price
of nickel, cobalt, copper and other metals; global demand for cesium and other critical minerals; the risk
that historical estimates cannot be verified or upgraded to current mineral resource estimates; risks that
pending exploration permits and licence applications are not granted or are granted on unfavourable terms;
risks related to mineral title and tenure; potential political risk; uncertainty of exploration results, production
and capital cost estimates and the potential for unexpected costs and expenses; physical risks inherent in
mining operations; metallurgical ris k; currency fluctuations; completion of economic evaluations; changes
in project parameters as plans continue to be refined; availability and terms of financing; regulatory
approvals, including any failure to obtain the approval of the TSXV for the Peterson Agreement, Capital
Analytica Agreement and other applicable transactions; environmental and permitting risks; operational
risks; the capital requirements of the Company and its ability to maintain adequate capital resources to
carry out its business activities; the ability of the Company to continue as a going concern; dependence on
key personnel; the Company’s early stage of development; stock market, interest rate and debt market
volatility; changing capital market valuations; risks related to potential dilution in the event of future
financings; volati lity of the market price for the Company’s securities; litigation and regulatory risk;
jurisdictional and regulatory risk; adverse general economic and market conditions; rising costs related to
inflation; and those factors detailed in the Company’s Manage ment Discussion and Analysis for the most
recent financial period and other public documents filed under the Company’s profile at www.sedarplus.ca.
The Company has also assumed that no significant events occur outside of the Company’s normal course
of business.
The Company cautions that the foregoing list of factors is not exhaustive. In addition, although the Company
has attempted to identify important factors that could cause actual results to differ materially, there may be
other factors that cause results not to be as anticipated, estimated, or intended. When relying on the
Company’s forward -looking statements and information to make decisions, investors and others should
carefully consider the foregoing factors and other uncertainties and potential events. Th e Company has
assumed that the material factors referred to in the previous paragraph will not cause such forward-looking
statements and information to differ materially from actual results or events. However, the list of these
factors is not exhaustive an d is subject to change, and no assurance can be given that such events will
occur in the disclosed time frames or at all or that such assumptions will reflect the actual outcome of such
items or factors. The forward -looking information contained in this pr ess release represents the
expectations of the Company as of the date of this press release and, accordingly, is subject to change
after such date. Readers should not place undue importance on forward-looking information and should not
rely upon this information as of any other date. The Company does not undertake to update this information
at any particular time except as required in accordance with applicable laws.
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.