Grid Metals Corporate Update
For Immediate Release
Exchange: TSX Venture
September 3, 2019
Toronto, Ontario
Symbol: GRDM
Shares Outstanding: 42,416,610
Grid Metals Corporate Update
Toronto, ON –September 4, 2019– Grid Metals Corp. (TSX.V: GRDM |
USOTC: MSMGF) (“Grid” or “the Company”) is pleased to announce that
it will be holding its annual meeting of shareholders on October 8, 2019
at 11 a.m. . The meeting will be held at the offices of Blaney McMurtry
LLP, 2 Queen Street East Suite 1500 Toronto Ontario All shareholders
are invited to attend.
The Company will provide an update of its current projects including the
Makwa Mayville Nickel Copper PGM Cobalt Project where the Company
completed a Preliminary E conomic Assessment on the project in April
2014. Grid recently completed metallurgical test work program which
resulted in improved nickel recovery on the samples tested from the
Mayville Deposit. Results of the program were announced by Grid on
August 8, 2019.
The Company will also provide its outlook and a review of the recent
developments in the nickel market including the announcement of a
nickel ore export ban from Indonesia scheduled to commence January 1,
2020. The price of nickel has risen signifi cantly in 2019 amid declining
inventories.
Grant of Incentive Options - The Company has granted 450,000
incentive stock options to consultants of the Company with an option
exercise price of $0.15 per share. The options have a maximum term of
five years a nd are subject to the terms of the Company’s Stock Option
Plan.
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About Grid Metals Corp.
Grid Metals Corp. is an exploration and development Company that has a
diversified portfolio of projects in the nickel-copper-PGE and lithium -rare
metals sectors. These commodities are vital to the emerging battery metals
and energy storage sector. All of Grid’s projects are located in secure North
American mining jurisdictions. The Company is focused on timely
advancement of its property portfolio t hrough prudent exploration and
development activities.
To find out more about Grid Metals, please visit
www.gridmetalscorp.com.
On Behalf of the Board of Grid Metals Corp.
Robin Dunbar – President, CEO & Director
Telephone: 416-955-4773
David Black – Investor Relations
Email: [email protected]
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 may 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 w hich 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 Managem ent 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 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.