Grid Metals Announces Closing of Second Tranche of Strategic Private Placement

Executive Summary

• Grid Metals Corp. closed the second and final tranche of its non‑brokered private placement, raising C$2,347,158, bringing total gross proceeds to C$4,027,158.
• The offering consisted of 7,060,903 common shares at C$0.12 each and 7,575,000 charity flow‑through (CFT) shares at C$0.198 each; no warrants or finder's fees were issued.
• Proceeds will fund exploration at the Falcon West cesium project and the Bird River Belt in southeastern Manitoba, as well as general corporate purposes.

Key Details

• Second Tranche Size: C$2,347,158 gross proceeds.
• Shares Issued – Common: 7,060,903 shares @ C$0.12 per share.
• Shares Issued – Charity Flow‑Through (CFT): 7,575,000 shares @ C$0.198 per share.
• Total Offering Proceeds: C$4,027,158 (first tranche C$2,680,000 + second tranche C$2,347,158).
• Use of Proceeds: Primarily for exploration at the Falcon West cesium project and Bird River Belt targeting nickel, copper, and PGM; remaining funds for general corporate purposes related to common share issuance.
• CFT Share Tax Treatment: Eligible for 30 % Manitoba Mineral Exploration Tax Credit; qualifying expenditures will be renounced to CFT subscribers effective 31 Dec 2025.
• Related Party Participation: Insider purchased 5,565,233 common shares for approximately $667,828 (≈ C$0.12 per share), constituting a related‑party transaction under MI 61‑101.
• Regulatory Conditions: Closing subject to final TSX Venture Exchange approval; all securities subject to a hold period of four months and one day from issuance.
• U.S. Offering Restrictions: Securities not registered in the United States and may not be offered or sold to U.S. persons absent exemption.

Notable Quotes

• “The aggregate gross proceeds will be used to finance exploration, primarily at our Falcon West cesium project and within the Bird River Belt, advancing our strategic growth objectives.” – Robin Dunbar, President, CEO & Director, Grid Metals Corp.