Grid Metals Corp. (TSXV: GRDM | OTCQB: MSMGF) has announced it has appointed Arif Shivji as the new chief financial officer.
Mr Shivji is a seasoned financial professional experienced in financial management and public company reporting. He has 27 years of related work experience which includes extensive interaction with public exchanges and involvement with public companies in various entrepreneurial and management roles.
To improve its financial position and reduce future spending commitments, the company has amended the Bisset gold facility lease agreement, reducing the remaining payments from C$510,000 to C$400,000 and waiving its right to use the facility in the future to process materials from the Donner Lithium Property.
Also, Grid has now completed 28 diamond drill holes totaling 827m targeting the near surface portion of the high-grade dyke at its 75% owned Donner lithium cesium property in the Bird River greenstone belt of southeastern Manitoba. The drilling was funded by the Tantalum Mining Corporation of Canada Limited under a recently announced toll processing agreement.
As part of its current cesium initiative, the company has submitted an exploration permit application for its 100% owned Falcon West lithium-cesium project. Falcon West hosts numerous high-grade cesium drill intercepts from drilling campaigns in 2001, 2012, and 2024.
Robin Dunbar, Grid’s CEO and president, stated, “In the past several months we have completed two significant transactions with key industry leaders (Teck Resources and Tanco) focused on key critical metals. Looking ahead, we will have multiple high-potential exploration programmes underway in 2025. Our priority projects are geographically focused in southeast Manitoba and provide multi-commodity optionality. We look forward to further positive developments being generated from these projects as we continue down the path to developing a critical metals production hub in the region.”
To find out more, please visit www.gridmetalscorp.com
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