Key Highlights
- Grid Metals filed an independent National Instrument 43-101 technical report for its Falcon West cesium project.
- The report supports the Lucy South mineral resource estimate dated September 25, 2026, with no material changes.
- Grid also disclosed a separate C$5,000 expense deposit paid to Peterson Capital for investor outreach costs.
Grid Metals Corp. (TSXV: GRDM) (OTCQB: MSMGF) has filed on SEDAR+ an independent technical report supporting its mineral resource estimate for the 85%-owned Falcon West Cesium Property in southeastern Manitoba, Canada.
The company said the mineral resource estimate has an effective date of September 25, 2026 and was prepared under Canadian Securities Administrators National Instrument 43-101 standards. The technical report was prepared by SGS Canada Inc. and is titled “Technical Report on the Mineral Resource Estimate for the Lucy South Cesium Deposit, Falcon West Project, Municipality of Reynolds, Manitoba, Canada.”
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
Grid said there are no material differences between the newly filed report and the results it previously disclosed in a news release dated September 30, 2026.
In the release, Grid summarized the Lucy South cesium deposit’s measured open-pit mineral resource for the Lithium-Cesium-Tantalum Zone as 51,500 tonnes grading 2.58% Cs2O and 1.47% Li2O. Within that, the company described a higher-grade Pollucite Zone with a measured resource of 15,600 tonnes grading 5.19% Cs2O and 1.76% Li2O, and total contained metal in the measured category of 1,322 tonnes Cs2O.
Grid described Falcon West as a joint venture between Grid (85%) and Avenir (15%) aimed at establishing a producing cesium operation at Lucy South. The company said it expects drilling to commence in January 2027, focused on expanding the Lucy South resource and identifying new lithium-cesium-tantalum pegmatites with cesium potential.
Separately, Grid disclosed an additional payment to Peterson Capital related to investor outreach. Beyond consulting fees previously outlined in a September 8, 2026 press release, Grid said Peterson Capital received a C$5,000 expense deposit to cover anticipated marketing expenses, which is subject to reconciliation against actual expenses incurred.
The original press release is available on stockhouse.com
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