Northwire Canada EditionSaturday, July 11, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

Grid Metals Reports Final Assays from its 2025 Drill Program at Falcon West Including 20.45% Cs20 over 3.3m; Announces Participation at PDAC

Falcon West cesium project shows ultra-high-grade near-surface Cs2O intercepts; Phase 2 drilling to test size and extension begins

By The Northwire Desk — AI Analysis Feb 26, 2026 · 07:55 GRDM · 0.125 Grid Metals Corp.
Executive Summary
  • Most recent news (2026-02-26) reports final assays from the 2025 Falcon West drill program, highlighting an exceptionally high-grade Cs2O intercept of 20.45% over 3.35 m (2.35 m at 28.4% Cs2O) within a highly fractionated Li-Cs-Ta-Rb-rich pegmatite. The Lucy South zone remains open in multiple directions, suggesting potential for a larger system beyond the current drill area. Phase 2 drilling is planned to test gaps and better define mineralogy and geometry.
  • The February 3, 2026 release confirms ongoing positive expansion of cesium mineralization at Falcon West, with numerous Li-rich and Cs-rich intervals across several holes and multiple target intervals. The release emphasizes mineralogy (pollucite as the Cs carrier), near-surface continuity, and a plan for Phase 2 drilling to delineate extent and open-pit potential.
  • Earlier 2025 items build the narrative: 2025-11-20 reported first assays from 2025 Cesium drill program showing high-grade Cs, Li, and Rubidium; 2025-12-04 announced best intercept to date at Falcon West (16.5% Cs2O over 3.45 m) though labeled non-materially positive due to exploration-stage nature; 2025-10-10 / 2025-10-17 outline private placements with strategic investors and a development path toward Falcon West with Teck Resources JVA for Makwa; 2025-09-11 confirms drill permit for Falcon West; 2025-04 to 2025-11 period includes corporate updates, financing, and option/joint-venture activity with Teck and Tanco toll processing arrangements.
  • The broader program view includes Makwa Ni-Cu-PGE and Falcon West cesium exploration, with Teck as a strategic partner funding Makwa via an earn-in up to 70% (CAD$17.3 million total commitments) and Falcon West exploration funded from private placement proceeds and cash flow from strategic relationships.
  • Overall emphasis across releases: Grid is advancing Falcon West as a near-term cesium/Li resource potential with multi-metal upside, while leveraging strategic funding and JV arrangements to commercialize the project and de-risk exploration expenses.
Material Impact
  • The most recent release (2026-02-26) is positive and confirms continued high-grade cesium results and near-term drilling plans. While the intercepts are compelling and strengthen the case for Falcon West, the company remains at exploration/development stage with no defined resource or feasibility study announced in these releases. Therefore, the impact is material to sentiment and demonstrates progress, but not yet a proven material resource or production catalyst.
  • The 2026-02-03 update aligns with the prior trajectory from late-2025, reinforcing the Cs/Li potential and the open-ended nature of the Lucy South zone. Together, these reinforce a trend of ongoing discovery rather than a conversion to a reserve. Given the lack of a formal resource estimate or a project-ready feasibility plan in these releases, the materiality is moderate and more incremental than game-changing.
  • The financing and JV activity (Teck for Makwa; strategic investors in private placements) has historically supported the company’s capital needs and strategic trajectory, reducing near-term dilution risk but adding dependency on partner milestones and permitting timelines. The materiality of the latest news remains positive but not transformative.
GRDM · Price
Company Overview
  • Grid Metals Corp. is a Canadian explorer focused on critical metals in Manitoba, with Falcon West (Lucy South) as the flagship cesium/Li project and Makwa as a Ni-Cu-PGE project advanced under a Teck Resources JV earn-in.
  • Falcon West/Lucy South: Cesium-rich LCT pegmatites with pollucite as the Cs carrier; near-surface potential with high-grade Cs2O intercepts; Phase 2 drilling initiated to test gaps and extent; plans to evaluate near-surface open-pit potential.
  • Makwa: Nickel-Copper-PGE project under Teck Resources earn-in (up to 70% interest) with geophysical targets and permit activity ongoing.
Read the original news release →

More from Grid Metals Corp.

Jun 09, 2026 · 07:00

Grid Metals advances its Makwa joint venture with Teck and Falcon West on cesium drilling while its stock consolidates near $0.12.

Drill Results May 05, 2026 · 07:00

Grid Metals Advances Falcon West Cesium Resource Definition with Phase 2 Assays

Drill Results Apr 15, 2026 · 07:00

Grid Metals Secures Boliden Partnership to Diversify Beyond Cesium with $10M Nickel-Copper Earn-In

M&A / Property Apr 02, 2026 · 02:56

Grid Metals drills 3.8 m of 12.9% Cs2O at Falcon West

Drill Results Apr 01, 2026 · 07:00

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

Drill Results Feb 03, 2026 · 07:00

Grid Metals confirms cesium continuity at Falcon West as focus shifts to Phase 2 expansion and open-pit potential.

Drill Results