Northwire Canada EditionMonday, November 9, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

Grid Metals Reports First Assays From Its Phase 2 Drill Program at Falcon West Including 12.9% Cs2O Over 3.8m

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

By The Northwire Desk — AI Analysis Apr 01, 2026 · 07:00 GRDM · 0.115 Grid Metals Corp.
Executive Summary

The most recent news (April 1, 2026) reports the first 11 assay results from the Phase 2 drill program at the Falcon West Property in Manitoba. The results are highlighted by an exceptional cesium intercept of 12.9% Cs2O over 3.8m, including a sub-interval of 26.5% Cs2O over 1.6m. Additionally, the company reported high-grade lithium (6.16% Li2O over 1.15m) and significant tantalum and rubidium values. A key technical takeaway is the 70m step-out hole (LU26-10) which confirmed the extension of the fractionated pegmatite to the east, suggesting the system remains open.

Material Impact

The news is a "Routine - Positive" development. While the grades are objectively spectacular (cesium grades above 20% are globally rare), they are consistent with the high-grade results reported in Phase 1 (e.g., 20.45% Cs2O over 3.35m in Feb 2026). - Consistency: The results confirm that the high-grade "core zone" discovered in late 2025 is not a fluke and has internal continuity. - Scale: The step-out hole LU26-10 is the most material part of this release as it proves the system is larger than the initial 100m-120m strike length previously defined. - Strategic Value: With cesium prices cited at ~US$218,000/t (20x lithium carbonate), these widths and grades represent high-value rock. However, the market likely expected these results given the visual pollucite identified in previous updates.

GRDM · Price
Company Overview

Grid Metals is a Canadian explorer focused on "Critical Metals" in Manitoba. - Flagship Project: Falcon West (Lucy South Pegmatite). It is an LCT (Lithium-Cesium-Tantalum) pegmatite. - Secondary Project: Makwa-Mayville (Nickel-Copper-PGE). This project is currently under an option agreement with Teck Resources, where Teck can earn 70% by spending C$15.7M. - Infrastructure: Falcon West is located 110km east of Winnipeg with excellent access to the Trans-Canada Highway.

Read the original news release →

More from Grid Metals Corp.

Oct 08, 2026 · 07:00

Grid advances its Falcon West project to mine planning and permitting with AECOM engagement.

Regulatory Sep 30, 2026 · 07:00

Grid’s maiden MRE defines 51.5kt of measured cesium resource at the Falcon West deposit.

Resource Estimate Sep 08, 2026 · 16:30

Grid confirms pollucite at Falcon West, setting the stage for XRT ore-sorting tests as the next project catalyst.

Technical Study Aug 06, 2026 · 07:00

Grid confirms a cesium zone in final phase 2 assays and commissions a resource estimate alongside a JV with Agnico-backed Avenir.

Drill Results Jul 31, 2026 · 16:30

Grid secures $3.75 million in non-dilutive capital for its Falcon West cesium joint venture following TSXV approval.

M&A / Property Jul 20, 2026 · 16:30

Agnico Eagle’s joint venture de-risks the Falcon West cesium project with a $3.75 million upfront payment and an equity option.

M&A / Property