Grid Metals Announces Filing of NI 43-101 Mineral Resource Estimate Technical Report for the Falcon West Project

Grid Metals Corp. has filed an independent NI 43-101 Technical Report on SEDAR+ that supports the Mineral Resource Estimate for its 85%-owned Falcon West Cesium Property. The report, effective September 25, 2026, confirms that there are no material differences from the maiden Mineral Resource Estimate announced on September 30, 2026.

The Lucy South deposit defines a measured resource of 51,500 tonnes at 2.58% Cs2O and 1.47% Li2O. This includes a higher-grade pollucite sub-zone of 15,600 tonnes at 5.19% Cs2O and 1.76% Li2O.

The company has engaged Peterson Capital under an Investor Relations agreement, which includes a C$5,000 expense deposit for marketing activities. Future drilling is scheduled to commence in January 2027 to expand the Lucy South resource and identify new LCT pegmatites.

Grid Metals Corp. (GRDM) filed a standard regulatory follow-up to its September 30 maiden resource announcement, confirming the technical validity of the previously disclosed resource and verifying that no material changes have occurred since the effective date. The filing does not introduce new metal, grade, pit optimization parameters, or economic assumptions. The contained metal of 1,322 tonnes Cs2O and the resource classification remain unchanged.

The market had already reacted to the initial MRE announcement, with the stock advancing from $0.15 to $0.17 on September 30 and consolidating near $0.21 by early October. The filing validates the asset's technical foundation and removes any regulatory ambiguity, clearing the path for the next strategic milestone: Avenir Minerals' option to acquire an additional 15% JV interest upon completion of a Preliminary Economic Assessment (PEA) or mine plan. The news is expected, incremental, and administrative in nature, aligning with standard exploration company development timelines.

Grid Metals Corp. (GRDM) is a pre-revenue critical minerals explorer focused on projects in Manitoba and Ontario, Canada. Its flagship asset is the Falcon West Cesium Project, in which the company holds an 85% interest. The Lucy South deposit within this project is a near-surface, open-pit target hosted in a highly fractionated LCT pegmatite.

The company’s processing strategy relies on conventional, low-cost crushing and XRT ore sorting without water usage, targeting a saleable pollucite concentrate. Grid Metals’ portfolio also includes the Makwa Ni-Cu-PGE project, a joint venture with Teck Resources; the Mayville Cu-Ni project, which is 75% owned; the Donner Li project, which is 75% owned; the Thompson East Cu-Ni project, a joint venture with Boliden; and the Fox River Cu-Ni-PGE project.