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

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.

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.

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.