Grid Metals Announces Closing of First Tranche of Strategic Private Placement

Executive Summary

• Grid Metals Corp. closed the first tranche of its non‑brokered private placement, raising C$1.68 million from the issuance of 14 million common shares at C$0.12 each.
• The company plans a second tranche that could raise up to C$2.35 million through additional common shares and charity flow‑through (CFT) shares, with closing expected around October 30, 2025 pending TSX Venture Exchange approval.
• Proceeds will fund exploration at the Falcon West cesium project and other Bird River Belt targets in southeastern Manitoba, as well as general corporate purposes; CFT proceeds are earmarked for flow‑through eligible Canadian exploration expenses.

Key Details

• First Tranche:
• Issued 14,000,000 common shares to a strategic investor at C$0.12 per share.
• Gross proceeds: C$1,680,000.
• Second Tranche (planned):
• Up to 7,060,903 additional common shares at C$0.12 per share.
• Up to 7,575,000 charity flow‑through (CFT) shares at C$0.198 per share.
• Potential gross proceeds: up to C$2,347,158.
• Use of Proceeds:
• Exploration financing for the Falcon West cesium project and Bird River Belt nickel, copper, and PGM targets.
• General corporate purposes related to the common‑share portion of the offering.
• CFT proceeds will be used for Canadian exploration expenses qualifying as flow‑through mining expenditures; Manitoba purchasers may claim a 30 % Mineral Exploration Tax Credit.
• Closing Conditions:
• Second tranche expected to close on or about October 30, 2025, subject to customary conditions and final TSX Venture Exchange approval.
• Both common and CFT shares subject to a hold period of four months and one day from issuance.
• Investor Rights Agreement:
• Grants the strategic investor information rights, participation rights in future equity issuances, and the right to nominate a board member, contingent on maintaining ownership thresholds.
• Regulatory Notices:
• Securities are not registered under U.S. securities laws; offering is prohibited in the United States absent exemption or registration.

Notable Quotes

(No direct quotes were provided in the release.)