Grid Metals Elects not to Proceed with Cobalt Road Option
1
For Immediate Release
Exchange: TSX Venture
October 29, 2018.
Toronto, Ontario
Symbol:GRDM
Shares Outstanding: 42,216,610
Grid Metals Elects not to Proceed with Cobalt Road Option
Toronto, ON – Monday, October 29 th, 2018 – Grid Metals Corp. (TSX.V: GRDM |
USOTC: MSMGF) (“Grid” or “the Company”) today announced that it would not be
proceeding with the Option and Exploration Agreement for the Cobalt Road Project
announced September 13th, 2018. The Company will maintain its focus on the
exploration and development of its core projects in the Bird River Greenstone Belt of
southern Manitoba. The advanced -stage Makwa -Mayville Nickel -Copper-Cobalt-PGE
project and Mayville Lithium explorat ion project provide the Company with significant
exposure to key battery metals.
Annual Meeting
The Annual Meeting of the Company will be held on Tuesday, October 30th, 2018 at 2
Queen St. East, Suite 1500 , Toronto, ON at 11 a.m . All shareholders and interested
parties are invited to attend.
About Grid Metals
Grid Metals is an exploration and development company focused on two battery metal s
projects in souther n Manitoba, a tier one jurisdiction . Grid’s projects are located near
excellent infrastructure. At the core of Grid’s value is the Makwa-Mayville Ni-Cu-Co-
PGE Project where in 2014 a Preliminary Economic Assessment (“PEA”) was
completed. The company is focused on implementing key recommendations from the
2014 PEA with the aim of enhancing project economics and advancing the project Grid
recently acquired the Mayville Lithium project ( located adjacent to the Mayville
Deposit ) and has completed a drill program with further drill results pending.
Metallurgical testwork is planned at both projects. The Company is also completing
additional exploration in the Bird River Greenstone Belt.
To find out more about Grid Metals, please visit our website at www.gridmetalscorp.com.
On Behalf of the Board of Grid Metals Corp.
2
Robin Dunbar – President, CEO & Director
Telephone: 416-955-4773
Email: [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)
(together, “forward-looking statements”). Such forward -looking statements m ay include the Company’s plans for its
properties, 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, performanc e 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 an d 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 rece nt financial period and Material Change
Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
Neither the TSX Venture Exchange nor it 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.