Grid Metals Announces Positive Mineralogical Results at Falcon West, Engages SGS Canada for Ore Sorting Test Work, and Announces Investor Relations Agreements

Grid Metals Corp. (GRDM) has released mineralogical results from the Lucy South pegmatite at its Falcon West project, clarifying that the data consists of analytical findings rather than new drill assays. The company completed QEMSCAN and MLAS semi-quantitative analyses on 28 drill-core samples sourced from the Artdon and Lucy pegmatites. These analyses confirmed that pollucite is the dominant cesium-bearing mineral within the Lucy South pollucite zone.

The release highlights a 0.98 linear correlation coefficient between Cs2O grade and pollucite content across the Lucy South pollucite zone. High-grade intervals within the pollucite zone include LU25-51 at 0.95 m grading 30.0% Cs2O, LU25-21 at 0.53 m grading 30.43% Cs2O, LU25-09 at 0.92 m grading 24.07% Cs2O, LU25-08 at 0.65 m grading 27.14% Cs2O, and LU-12-02 at 1.09 m grading 17.18% Cs2O. While adjacent spodumene, wall, aplite, and lepidolite zones do not carry significant pollucite, some biotite-rich contact zones were found to locally contain the mineral.

Grid Metals has shipped a composite sample weighing more than 300 kg to SGS Canada for ore-sorting test work. This work utilizes X-Ray Transmission technology at Tomra in Germany, with the company stating its aim is to define the potential for a saleable 10-20% Cs2O pollucite concentrate. Additionally, the company announced new investor-relations agreements: Peterson Capital has been retained for C$100,000 over 12 months, and Capital Analytica has been engaged for C$150,000 plus 200,000 stock options over a six-month period.

Grid Metals Corp. (GRDM) released incremental technical data that serves to de-risk the project rather than marking a discovery or resource milestone. The company’s shares have already seen significant repricing, rising from approximately C$0.07 in September 2025 to the current C$0.14, a move supported by the July 2026 joint venture between Avenir and Agnico. The market is already familiar with high-grade pollucite at the Lucy South deposit, having previously seen full intercepts of approximately 68.5 %-m from hole LU25-51.

This latest release introduces no new assay results, widths, resource estimates, or economic outcomes. Instead, it confirms the host mineral and initiates ore sorting, which represents the expected next phase following Phase 2 drilling and the commissioning of the Mineral Resource Estimate (MRE). While successful ore-sorting testwork could eventually be material for a pre-resource micro-cap explorer, this announcement marks only the commencement and mineralogical basis for that testing.

Grid Metals remains pre-revenue, reporting a Q1 2026 net loss of C$1,309,180, and the project still lacks a maiden resource.

Grid Metals Corp. (GRDM) is a Manitoba-focused junior explorer with no production revenue. The company’s portfolio includes the Falcon West project, an 85% Grid Metals and 15% Avenir Minerals joint venture featuring a near-surface LCT pegmatite with cesium, lithium, tantalum, and rubidium; no resource has been defined for this asset.

At the Makwa property, a Ni-Cu-PGM-Co deposit, Teck can earn up to 70%. Company disclosure cites an approximately 14.2 Mt indicated resource at 0.48% Ni, 0.11% Cu, and 0.37 g/t Pd. The Mayville property, a Cu-Ni-PGM asset, holds an approximately 32 Mt indicated resource at 0.40% Cu, 0.16% Ni, and 0.13 g/t Pd. Grid Metals owns 75% of the Donner lithium property, where a presentation cites an inferred resource of 6.8 Mt at 1.39% Li2O.

Other assets include the Thompson East Cu-Ni-PGM project, an early-stage exploration joint venture with Boliden, and the 100% owned Fox River Cu-Ni-PGM-Au exploration belt.

The company has 233,037,067 shares outstanding. A presentation dated August 2026 cites a C$31M market capitalization and about C$5M cash, while Q1 2026 financials show C$1.56M cash as of March 31, 2026, before the July JV cash payment. Q1 2026 net loss was C$1,309,180; the company relies on JV payments, option proceeds, and equity placements.