Grid Metals Corp. (TSXV: GRDM | OTCQB: MSMGF) provides a focused cesium opportunity at its 100%-owned Falcon West cesium project with upside optionality at its other mineral projects in Manitoba:
- The Falcon West Property (Li-Cs) is located 110 km east of Winnipeg along the Trans-Canada highway and contains highly anomalous cesium and lithium values in LCT pegmatite including the Lucy South pegmatite dyke, the focus of Grid’s current exploration efforts.
- The Makwa Property (Ni-Cu-PGM-Co), which is subject to an Option and Joint Venture Agreement with Teck Resources Limited (“Teck”). Teck can earn up to a 70% interest in Makwa by incurring a total of CAD$17.3 million, comprising project expenditures (CAD$15.7 million) and cash payments or equity participation (CAD$1.6 million) with Grid. Makwa is located on the south arm of the Bird River Greenstone Belt.
- The Mayville Property (Cu-Ni) is located on the north arm of the Bird River Greenstone Belt. The property is owned subject to a minority interest. The project contains a NI 43-101 compliant open pit resource of 32 million tonnes grading 0.61% CuEq.
- The Donner Property (Li-Cs) is adjacent to the Mayville Property, and Grid owns 75% of the project. The project contains a NI 43-101 compliant resource of 6.8 million tonnes grading 1.39% Li2O.
- The Thompson East Property (Cu, PGE, Au, Ni) project, which is subject to an Option and Joint Venture Agreement with Boliden Mineral Canada (“Boliden”). Boliden can earn up to an 80% interest in Thompson East by investing a minimum of CAD$10.1 million. Thompson East is located directly adjacent to the Thompson nickel sulphide mining and processing operations.
All of the Company’s southeastern Manitoba projects are located on the ancestral lands of the Sagkeeng First Nation with whom the Company maintains an Exploration Agreement.