Grid Metals Completes First Tranche of Private Placement

Grid Metals Corp. has successfully closed the first tranche of its non-brokered private placement, securing gross proceeds of C$1,680,000. This initial phase involved the issuance of 14 million common shares at C$0.12 each to a strategic investor. The upcoming second tranche aims to raise an additional C$2,347,158 through the issuance of both common shares and charity flow-through shares.

The proceeds from this offering will primarily fund exploration activities at the company's Falcon West cesium project and the Bird River Belt in Manitoba, focusing on nickel, copper, and PGM targets. Notably, the charity flow-through shares will qualify for tax credits, enhancing their appeal to regional investors.

The completion of the second tranche, expected by October 30, 2025, is contingent upon final TSX Venture Exchange approval and other customary conditions. Grid Metals has also entered an investor rights agreement, granting the strategic investor specific rights, including board nomination privileges.