Grid Metals receives drill permit for Falcon West

Executive Summary

• Grid Metals Corp. received a provincial drill permit for its 100 %‑owned Falcon West lithium/cesium property in Manitoba and will commence drilling in September.
• The upcoming program aims to delineate the historic Lucy South cesium zone, which has shown high‑grade pollucite intercepts (e.g., 2.2 m @ 15.0 % Cs₂O).
• Cesium is a critical rare metal with limited global supply; successful definition of a deposit could position Grid as a key supplier to defence and next‑generation solar markets.

Key Details

• Permit Issuance: Exploration drill permit granted by the Province of Manitoba for Falcon West property.
• Location: Approximately 110 km east of Winnipeg, along the Trans‑Canada Highway; fully owned (100 %).
• Target Zone: Lucy South cesium zone – historic intercepts include 2.2 m @ 15.0 % Cs₂O and 3.2 m @ 4.6 % Cs₂O.
• Drilling Schedule: Field program slated to start in September 2026; first concerted effort to define a discrete cesium zone at the property.
• Strategic Importance: Cesium listed as a rare critical metal by Canadian and U.S. governments; global shortfall exists for pollucite feedstock used in defence applications and next‑gen solar panels.
• CEO Quote: Robin Dunbar (President & CEO) highlighted Falcon West’s “unique opportunity” to develop a high‑demand, scarce‑resource project with excellent infrastructure.
• Qualified Person: Dr. Dave Peck, P.Geo., VP Exploration, reviewed and approved technical content per NI 43‑101.
• Related Projects (context):
• Makwa – nickel/copper/PGM/cobalt; option/JV with Teck Resources (potential 70 % earn‑in).
• Mayville – copper/nickel (minority interest).
• Donner – lithium/cesium (75 % owned); cesium purchase agreement with Tanco (Feb 18 2025).

Notable Quotes

“Grid believes Falcon West represents a unique opportunity for the company to advance a high‑demand and rare critical metals project in southeastern Manitoba… Our goal at Falcon West is to define a cesium deposit of importance to the global cesium industry.” – Robin Dunbar, President & CEO.