Grid Metals Intersects High-Grade Cesium at the Falcon West Cesium Project including 14.0% Cs2O over 3.01m

On November 20, 2025, Grid Metals announced the first assay results from its 2025 cesium-focused drill program at the Falcon West Project in Manitoba. The highlight was drill hole LUC25-03, which intersected 3.01 metres grading an exceptionally high 14.0% Cs2O (cesium oxide). This intercept is described by the company's VP of Exploration as "one of the highest grade-thickness cesium intercepts reported in recent years, globally." The CEO noted that cesium has been designated a critical metal by both the U.S. and Canadian governments and that the market faces a global shortfall. These results are from the initial holes of a planned 70-hole drill program.

This news is a significant de-risking event and a major validation of the company's strategy, warranting a "Game Changer" rating. The impact is material for several reasons:

1. Exceptional Grade: A grade of 14.0% Cs2O over 3.01 metres is world-class. Cesium is extremely rare, and grades of this tenor are not common. This single drill hole has the potential to attract significant market attention to a niche but highly valuable critical metal.

2. Strategic Execution: The company's progression of news shows methodical and successful execution.

   • They secured strategic partnerships with Tanco for cesium at Donner (February 2025) and with Teck Resources for nickel at Makwa (December 2024).
   • They received the drill permit for Falcon West in September 2025.
   • They raised over C$4 million in October 2025 with a new strategic investor, specifically earmarking the funds for this drill program.
   • The drill program commenced on November 11, 2025, and just nine days later, they delivered these spectacular initial results. This demonstrates management's ability to deliver on its stated plans effectively and rapidly.

3. Financial Impact: These results will likely make it easier for the company to secure future funding on more favorable terms and could attract further strategic interest. The company is now well-funded following the October financing, and these results provide a clear path for value creation with those funds.

4. Shift in Flagship Project: While the Teck-funded Makwa project is significant, these results immediately elevate the 100%-owned Falcon West project to flagship status. This gives Grid Metals sole control over a potentially world-class asset in a strategic commodity.

The news exceeds all reasonable expectations for a first batch of drill results. It confirms the historical high-grade potential of the property and suggests the possibility of defining a globally significant cesium deposit. As an analyst focused on avoiding loss, this is the type of exploration result that fundamentally reduces project risk and creates a tangible path to value.

Grid Metals Corp. is a Canadian exploration company focused on critical metals projects located in the Bird River greenstone belt in southeastern Manitoba, an area with excellent infrastructure. - Flagship Project: The Falcon West Project is now the company's flagship asset. It is a 100%-owned exploration project targeting high-grade cesium, a rare and strategic critical metal. The latest drill results confirm its high-grade potential. - Other Key Projects: - Makwa Project (Ni-Cu-PGE): Subject to an option and joint venture agreement where major mining company Teck Resources can earn up to a 70% interest by funding C$15.7 million in exploration. - Mayville Project (Cu-Ni): A 100%-owned project with an existing open-pit resource of 32 Mt. - Donner Project (Li-Cs): A 75%-owned project with a cesium supply and toll-milling agreement with Tantalum Mining Corp. of Canada Ltd. (Tanco).