Grid Metals Corp
Primary ticker: TSXV:GRDM
Stage of development: Exploration, Development
Primary minerals: Lithium, Nickel Copper
Project to promote: Donner Lake Lithium
Project location: Canada
Website: www.gridmetalscorp.com
Focused on lithium in SE Manitoba, Canada.
The Donner Lake lithium project sits in proximity to the producing Tanco Mine and is aggressively being advanced to production.
Initial resource coming mid-2023 based on recent 80 drill hole program.
Company has pre-production MOU with Tanco Mine for toll-milling.
Cash: CAD$6M
Debt: NIL
Major shareholders:
Lithium Royalty Corp -15 %
AMCI – 8%
Primero Engineering – 6%
Independence Group – 3%
Robin Dunbar – 2 %
Management Ownership – 3%
Financials
Robin Dunbar, MBA
Robin Dunbar has 25 years in exploration business. Former director of Western Areas Ltd (ASX:WSA) and currently on board of McEwen Mining (NYSE:MUX).
Brandon Smith – CFA, Chief Development Officer
Brandon Smith is a former lithium analyst at Cormark Securities.
Looking for strategic investors for the company and to broaden overall market awareness
Recent drill results and pending resource calculation as well as progress on permitting for bulk sample.
3 Months:
Initial lithium resource and updated Ni-Cu-PGM resource
6 Months:
Submission of Advanced Exploration Permit for lithium project
12 Months:
Advanced Exploration Permit for bulk sample for Lithium Project, drilling
Biggest negative is market conditions.
Projects have very strong technical merit and Dave Peck, our VP Exploration, has global experience in senior roles with Anglo American and North American Palladium.
We are well positioned in North America to advance our critical metals projects
High potential projects with low carrying costs
Strong technical team at Grid
Low market cap vs peers