Northwire Canada EditionSaturday, July 11, 2026
Sign inSubscribe
Northwire
⌕
GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

Grid Metals Reports Second Batch of Assays from its Phase 2 Drill Program at Falcon West; Cesium Mineralization Intercepted 75 m North of Lucy South Target Area

Grid Metals Advances Falcon West Cesium Resource Definition with Phase 2 Assays

By The Northwire Desk — AI Analysis May 05, 2026 · 07:00 GRDM · 0.11 Grid Metals Corp.
Executive Summary
  • Grid Metals Corp. reported the second batch of assay results from its Phase 2 drill program at the Falcon West Property (Lucy South target).
  • The release confirms cesium mineralization in the Lucy North target area, approximately 75 meters north of the previously defined Lucy South zone.
  • Notable intercepts include up to 4.34% Cs2O over 2.70m and significant lithium grades (up to 3.81% Li2O).
  • The company expects to complete a maiden resource estimate in Q3 2026 following the receipt of 17 pending assays from Phase 2.
  • A third-party consultant has been selected for the resource estimation study and NI 43-101 Technical Report.
  • Ore sorting tests are planned later this year using core samples collected during metallurgical studies.
Material Impact
  • The news is a continuation of the Phase 2 drilling program announced in April 2026, confirming progress toward the promised Q3 resource estimate.
  • While positive for project advancement, the grades reported in this batch (max 4.34% Cs2O) are lower than the headline intercepts from earlier phases (e.g., 12.9% and 20.45% Cs2O), suggesting potential grade dilution as the zone expands.
  • The discovery of mineralization in Lucy North is a material extension, validating the open-potential along strike but does not fundamentally alter the valuation thesis compared to previous high-grade announcements.
  • No new financing or strategic partnership was announced; the market likely priced in the resource timeline from prior updates (Feb/April 2026).
  • The stock is currently trading below the October 2025 private placement price ($0.12), indicating limited upside momentum despite positive technical progress.
GRDM · Price
Company Overview
  • Company: Grid Metals Corp. (TSXV: GRDM).
  • Flagship Project: Falcon West Property (Lucy South Pegmatite), 100% owned in Manitoba, Canada.
  • Target: High-grade Cesium (Pollucite) and Lithium (Spodumene) mineralization.
  • Status: Exploration phase; Phase 1 and Phase 2 drilling completed; Resource estimate pending Q3 2026.
  • Other Assets: Makwa (Ni-Cu-PGM JV with Teck), Mayville (Cu resource defined), Donner (Li-Cs JV).
Read the original news release →

More from Grid Metals Corp.

Jun 09, 2026 · 07:00

Grid Metals advances its Makwa joint venture with Teck and Falcon West on cesium drilling while its stock consolidates near $0.12.

Drill Results Apr 15, 2026 · 07:00

Grid Metals Secures Boliden Partnership to Diversify Beyond Cesium with $10M Nickel-Copper Earn-In

M&A / Property Apr 02, 2026 · 02:56

Grid Metals drills 3.8 m of 12.9% Cs2O at Falcon West

Drill Results Apr 01, 2026 · 07:00

High-Grade Cesium Intercepts Confirm Falcon West as a Globally Significant Critical Minerals Asset

Drill Results Feb 26, 2026 · 07:55

Falcon West cesium project shows ultra-high-grade near-surface Cs2O intercepts; Phase 2 drilling to test size and extension begins

Drill Results Feb 03, 2026 · 07:00

Grid Metals confirms cesium continuity at Falcon West as focus shifts to Phase 2 expansion and open-pit potential.

Drill Results