Grid Metals Announces Strategic $4 Million Private Placement

Executive Summary

• Grid Metals Corp. announced a proposed non‑brokered private placement to raise up to C$4,027,158 in gross proceeds.
• The offering will be completed in two tranches: 14 million common shares at C$0.12 each (C$1.68 M) and a second tranche of up to 7.06 million common shares plus up to 7.575 million flow‑through (CFT) shares, targeting total proceeds of C$2.347 M.
• Proceeds are earmarked primarily for exploration at the Falcon West Cesium Property and other targets in the Bird River Belt, with additional corporate purposes; no warrants or finder's fees are attached.

Key Details

• Offering Structure
• First Tranche: 14,000,000 common shares to a strategic investor at C$0.12 per share → C$1,680,000 gross proceeds.

• Second Tranche: Up to 7,060,903 common shares (same price) and up to 7,575,000 CFT shares at C$0.198 per CFT share → up to C$2,347,158 gross proceeds.

• Total Potential Gross Proceeds: C$4,027,158.

• Pricing

• Common Shares: C$0.12 each.

• CFT Shares: C$0.198 each.

• Closing Dates (expected)

• First Tranche: on or about October 15, 2025.

• Second Tranche: on or about October 30, 2025.

• Use of Proceeds

• Exploration financing for the Falcon West Cesium Project and the Bird River Belt (targeting nickel, copper, PGM).
• General corporate purposes related to the common‑share portion of the raise.

• CFT proceeds will fund Canadian exploration expenses qualifying as flow‑through mining expenditures; Manitoba purchasers may claim a 30 % mineral exploration tax credit.

• Hold Period: All issued securities subject to a four‑month‑plus‑one‑day hold period from issuance under applicable securities laws.

• Investor Rights Agreement (First Tranche):

• Grants the strategic investor information rights, participation rights in future equity issuances, and the right to nominate a board member, contingent on maintaining specified ownership thresholds.

• Regulatory Conditions: Closing subject to customary conditions, definitive documentation, and approvals—including TSX Venture Exchange acceptance.

• No Warrants / No Finder’s Fees attached to the offering.

• Legal Disclaimer: Securities not registered under U.S. securities laws; cannot be offered or sold in the United States absent exemption.

Notable Quote

“Grid Metals is very excited to welcome an investment by a strategic investor to progress our Falcon West Cesium Property… We look forward to the start of drilling at Falcon West.” – Robin Dunbar, CEO