Grid Metals Corp. Announces TSX-V Approval of Makwa Option and Joint Venture Agreement - Receipt of Cash and Participation at Vancouver Resource Investment Conference
Grid Metals Corp. Announces TSX-V Approval of Makwa Option and Joint
Venture Agreement - Receipt of Cash and Participation at Vancouver
Resource Investment Conference
January 17, 2025 TORONTO -- Grid Metals Corp. (TSXV:GRDM ; OTCQB:MSMGF) ( "Grid" or the
"Company") is pleased to announce TSX-V approval of its definitive option and joint venture agreement
(the “Agreement”) with Teck Resources Limited (“Teck”). Grid has also received the CAD$400,000
minimum cash payment that was due from Teck by January 31, 2025 as required under the Agreement
(see “ Grid Metals Corp. Signs Agreement with a Major Mining Company to Fund the Makwa Nickel
Project” press release from December 12, 2024 for more information).
In addition, Grid would like to cordially invite you to visit us at Booth #622 at the Vancouver Resource
Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place,
Vancouver) on Sunday January 19 - Monday January 20, 2025.
The Vancouver Resource Investment Conference 2025 will feature over 120 expert speakers, including
globally respected economists, legendary money managers, and investors.
For more information and/or to register for the conference please visit:
https://cambridgehouse.com/vancouver-resource-investment-conference.
We look forward to seeing you there.
About the Vancouver Resource Investment Conference:
The Vancouver Resource Investment Conference has been the epicenter of junior mining investment in
Canada for 25 years and attracts over 5000 mining investors annually. Previous years have been attended
by former Prime Minister Stephan Harper and former President of Mexico Felipe Calderon.
The VRIC will include a marketplace of over 300 investment opportunities in the mining industry,
spanning early-stage exploration to advanced producing mines.
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]
About Grid Metals Corp.
Grid Metals is focused on exploration and development in southeastern Manitoba with three key
projects in the Bird River area.
1) 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.
2) The Mayville Property (Cu-Ni) is located on the north arm of the Bird River Greenstone Belt. Grid
owns 100% of the Mayville Property subject to a minority interest. The Company is currently
drilling at Mayville.
3) The Donner Lithium Project is adjacent to the Mayville Property, and Grid owns 75% of the
project.
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.