Grid Metals Announces Strategic $4 Million Private Placement

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TORONTO, ON / ACCESS Newswire / October 10, 2025 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) ("Grid" or the "Company") is pleased to announce a proposed non-brokered private placement for aggregate gross proceeds of up to C$4,027,158 (the "Offering"). The Offering will consist of the issuance of common shares ("Common Shares") to a strategic investor (the "Investor") and an existing institutional shareholder and the issuance of flow-though shares of the Company to charitable purchasers (the "CFT Shares"). The Offering is expected to be completed in two tranches.

The first tranche (the "First Tranche") is expected to consist of the issuance of 14,000,000 Common Shares to the Investor at a price of C$0.12 per Common Share for aggregate gross proceeds of C$1,680,000. The second tranche ("Second Tranche") is expected to consist of the issuance of up to 7,060,903 Common Shares to the Investor and an existing institutional shareholder at a price of C$0.12 per Common Share and up to 7,575,000 CFT Shares to charitable purchasers at a price of C$0.198 per CFT Share, for gross proceeds of up to C$2,347,158 under the Second Tranche. Each CFT Share will be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada).

Robin Dunbar, CEO of Grid Metals, commented, "Grid Metals is very excited to welcome an investment by a strategic investor to progress our Falcon West Cesium Property. We believe that Falcon West could be a globally important source of cesium to meet the demand for this highly rare and strategic metal in the near future. We look forward to the start of drilling at Falcon West."

The gross proceeds of the Offering will be used to finance exploration, primarily at the Company's Falcon West cesium project and within the Bird River Belt in southeastern Manitoba targeting nickel, copper and PGM targets, as well as for general corporate purposes with respect to the proceeds raised from the issuance of Common Shares. There are no warrants or finder's fees associated with the Offering.

The proceeds from the issuance of the CFT Shares are intended to be used for exploration of the Company's property portfolio in Manitoba (primarily the Falcon West Cesium Property) and will be used to incur "Canadian exploration expenses" that qualify as "flow-through mining expenditures" as defined in the Income Tax Act (Canada), and for Manitoba purchasers, the CFT Shares will be eligible for the 30% Manitoba Mineral Exploration Tax Credit (the "Qualifying Expenditures"). The Company will renounce all the Qualifying Expenditures in favour of the subscribers of the CFT Shares effective December 31, 2025.