Grid Metals Corp. Secures TSX-V Approval for Makwa Option and Joint Venture Agreement, Enhancing Visibility at Vancouver Resource Investment Conference

Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) has recently announced the TSX-V approval of its definitive option and joint venture agreement with Teck Resources Limited (TECK). This strategic partnership, focused on the Makwa nickel project in southeastern Manitoba, Canada, brings significant financial and technical support to Grid Metals, positioning the company for growth and success in the nickel-copper-PGM-cobalt sector. In addition to this milestone, Grid Metals will be participating at the Vancouver Resource Investment Conference (VRIC), further enhancing its visibility and potential investment opportunities.

The TSX-V approval of the Makwa option and joint venture agreement with Teck Resources has a substantial positive impact on Grid Metals Corp.'s financial position. The agreement provides Grid with a significant cash injection, funding for the Makwa nickel project, potential for future cash payments, and reduced dilution. Teck's initial cash payment of CAD$400,000, with a total minimum commitment of CAD$1.6 million under the agreement, offers Grid additional working capital to fund its exploration and development activities. Furthermore, Teck's option to acquire up to a 70% interest in the Makwa nickel project by incurring cumulative expenditures of CAD$15.7 million reduces Grid's financial burden and provides funding for the project's exploration and development costs.

The key terms of the agreement with Teck Resources include the option to acquire up to a 70% interest in the Makwa nickel property, cumulative expenditures and cash payments, minimum commitment, contractual joint venture, and deferral period. These terms benefit Grid Metals Corp. by providing financial support, technical expertise, potential for a Tier 1 discovery, shared risk and reward, and flexibility in contributions. The agreement focuses on the discovery of a Tier 1 magmatic nickel-copper-PGM-cobalt deposit at Makwa, which could significantly enhance Grid's shareholder value.

Grid Metals Corp.'s participation at the Vancouver Resource Investment Conference (VRIC) enhances its visibility and potential investment opportunities in several ways. The conference attracts over 5,000 mining investors annually, providing Grid Metals with a significant platform to showcase its projects and connect with potential investors. This exposure can help the company secure funding and attract new shareholders. Additionally, the conference offers networking opportunities with industry professionals, expert speakers and panels, a marketplace of investment opportunities, and the chance to explore potential partnerships, joint ventures, or acquisitions. By participating in the VRIC, Grid Metals can enhance its reputation and credibility in the mining industry, making the company more attractive to potential investors and partners.

In conclusion, Grid Metals Corp.'s TSX-V approval of the Makwa option and joint venture agreement with Teck Resources, along with its participation at the Vancouver Resource Investment Conference, positions the company for growth and success in the nickel-copper-PGM-cobalt sector. The agreement provides Grid with significant financial and technical support, while the conference offers enhanced visibility and potential investment opportunities. As Grid Metals continues to advance its projects and secure strategic partnerships, investors should keep a close eye on the company's progress and potential for future growth.