Grid Metals Corp V.GRDM

Alternate Symbol(s): MSMGF

Metals & Mining Industrial Metals & Minerals

Grid Metals Corp. is focused on both lithium and copper/nickel projects in the Bird River area, about 150 kilometers (km) northeast of Winnipeg, Manitoba. The Donner lithium project is a 75% owned property subject to a joint venture agreement. The MM copper/nickel project is a resource-stage project that is undergoing exploration and development work. All the Company’s southeastern Manitoba projects are located on the traditional lands of the Sagkeeng First Nation, with whom the Company maintains an exploration agreement. The Donner project is located about 145 km northeast of Winnipeg, Manitoba. Its Falcon West Lithium Property is located within the West Hawk Lake Greenstone Belt of southeastern Manitoba. The MM Project includes a copper-rich (Mayville) and a nickel-rich (Makwa) disseminated magmatic sulfide deposit along with three additional near-surface deposits (Page, Ore Fault, and New Manitoba). Its other projects include East Bull Lake palladium project, and Mayville PGE Zone.

TSXV:GRDM - Post by User

Grid Metals Corp

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Post by plimbo23on May 08, 2024 8:09pm

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Post# 36030068

RedCloud May7,2024

``We believe this refreshed MRE is another important de-risking step for the MM project. The new MRE includes a significant improvement in contained NiEq and a slight increase in contained CuEq. In our view, Grid’s strategy of advancing this Cu-Ni asset augments its strategy of building a critical minerals hub in Manitoba.``

Closing Price ($/sh) $0.08

Rating BUY Target ($/sh) $0.65

Return to Target 713% NAV ($/sh) $1.54 P/NAV 0.05x

https://redcloudresearch.com/grid-metals-corp-tsxvgrdm-dusting-off-the-mm-ni-cu-project-updated-ii-mre/

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E3 inches closer to Alberta's first lithium production plant