Grid Metals Corp Updates on Donner Lithium and MM Copper Nickel Projects

Grid Metals Corp, based in Toronto, provided an update on its Donner Lithium and MM Copper/Nickel Projects in southeastern Manitoba. The company is progressing with permitting for the Donner Lithium Project and preparing for a new drilling campaign at the MM Copper Nickel Project this fall. The drill campaign will target a ~4 km trend of Cu-rich magmatic sulfide mineralization, including the historical New Manitoba deposit.

The Donner Lithium Project has received approval for its Advanced Exploration Permit, requiring Grid to post a reclamation bond. Sagkeeng First Nation has supported the permit application. However, due to declining lithium prices, Grid will delay bulk sampling until higher prices emerge. The company has also reduced payments for the lease of the True North Mill in Bissett.

For the MM Copper/Nickel Project, a 5,000-meter drill program is planned to expand resources and test new targets in the Bird River Belt. Details of this program will be announced soon.