Grid Metals Submits Advanced Exploration Permit for Donner Lake Lithium Project
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Grid Metals Submits Advanced Exploration Permit for
Donner Lake Lithium Project
August 2 , 2023 TORONTO -- Grid Metals Corp. (TSXV: GRDM ; OTCQB:MSMGF)
("Grid" or the "Company") is pleased to announce that it has submitted an Advanced
Exploration Permit (“AEP”) to the Province of Manitoba for its 75% owned Donner
Lake Lithium Property located in southeastern Manitoba, Canada. The AEP will enable
certain site infrastructure to be constructed and the extraction of up to a 50,000-tonne
bulk sample for metallurgical testwork. The permit has been submitted with the
support of the Sagkeeng First Nation in whose Traditional Territory the project is
located.
About the Advanced Exploration Permit (AEP)
On July 18, 2023 , Grid announced a maiden NI 43 -101 compliant resource estimate
completed of 6.81 million tonnes grading 1.39% Li2O (Inferred) from Donner Lake and
the lease of the True North Gold mill as a processing facility for the resource. Grid also
has a MOU with the nearby Tanco Mine to process Donner Lake ore via a toll milling
agreement. The Advanced Exploration Permit , if approved by the Province, will
authorize the upgrading and installation of site infrastructure to allow the extraction
of material from Donner Lake to be tested for processing to a marketable lithium
bearing spodumene concentrate. Results from the test work will be incorporated into
an economic study to be completed in support of a mining permit application for
Donner Lake.
Support of Sagkeeng First Nation
Grid currently has an Exploration Agreement in place with the Sagkeeng First Nation
in whose unsurrendered Traditional and Ancestral Territory the Donner Lake Project
is located. The AEP has been reviewed by the Sagkeeng First Nation and their
environmental consultants , and the recommendations from the Sagkeeng permit
review have been incorporated into the AEP. These recommendations refer primarily
to environmental monitoring, wildlife and habitat monitoring, and reclamation.
Sagkeeng First Nation Chief E.J. Fontaine noted that the “Sagkeeng Chief and Council
appreciate the collaborative efforts of Grid Metals to date and are pleased to
support the submission of the Advanced Exploration Permit for the Donner Lake
Lithium Property which is located in our Traditional Territory. The efforts by Grid to
ensure its project respect s and protects our rights and the environment have been
commendable, and are an example for the mineral exploration industry in
Manitoba.”
Donner Lake Inferred Resource
The Grid Metals Donner Lake project 2023 Mineral Resource Estimate was prepared
by Mr. Rohan Millar, P.Geo. of SGS Geological Services, an Independent Qualified
Persons, in accordance with the guidelines of the Canadian Securities Administrators’
National Instrument 43 -101 – Standards of Disclosure for Mineral Projects (“NI 43 -
101”), with an effective date of the 27th June, 2023.
Dr. Dave Peck, P.Geo., has reviewed and approved the technical content of this
release.
About Grid Metals Corp.
Grid Metals is focused on both lithium and Ni-Cu-PGM projects in the Bird River greenstone belt
in southeastern Manitoba, approximately 150 km northeast of Winnipeg Manitoba. The company
controls two major lithium properties with known high -grade lithium pegmatites : Donner Lake
and Falcon West. The 75% owned Donner Lake Property is situated 35km north of the producing
Tanco mine, one of only two lithium-producing mines in Canada. In addition to the lithium assets,
the Company controls a PEA stage Ni -Cu-PGM-Co project (Makwa -Mayville) undergoing
exploration and development activity.
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 – [email protected]
Brandon Smith – Chief Development Officer – [email protected]
David Black - Investor Relations – [email protected]
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) (togethe r, "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 flu ctuations, 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.
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being offered have not been, nor will they be, registered under the United States Securities Act of 1933,
as amended, and such securities may not be offered or sold within the United States absent U.S.
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