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Grid Metals and Boliden Sign $10 Million Earn-In Agreement for the Thompson East Copper/Nickel Project in Northern Manitoba
TORONTO, ON / ACCESS Newswire / April 15, 2026 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) (...
About this update from Grid Metals Corp.
[{"type":"text","content":"Grid Metals and Boliden Sign $10 Million Earn-In Agreement for the Thompson East Copper/Nickel Project in Northern ManitobaTORONTO, ON / ACCESS Newswire / April 15, 2026 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) (\"Grid\" or the \"Company\") is pleased to announce it has executed a definitive option and joint venture agreement (the \"Agreement\") with Boliden Mineral Canada Ltd. (\"Boliden\"), a wholly-owned subsidiary of the Boliden Group to explore and develop the Thompson East copper/nickel project (\"Thompson East\" or the \"Project\") in northern Manitoba, Canada. The Thompson East project sits ~15 km east of the eastern edge of the world-class Thompson Nickel Belt. The focus of the Agreement will be the discovery of a Tier 1 magmatic copper-nickel-PGM-cobalt deposit at Thompson East.The Agreement grants Boliden an option to acquire an 80% interest in Thompson East by funding cumulative expenditures of at least CAD$9,600,000 and making staged cash payments of CAD$500,000 to Grid. The Agreement is subject to the approval of the TSX Venture Exchange.Robin Dunbar, Grid's CEO & President, stated, \"We are pleased to announce a definitive agreement with Boliden, an innovative and globally recognized diversified mine developer and producer. This agreement provides Grid shareholders with exposure to a highly prospective mineral belt in a stable North American jurisdiction with funding from a world-class European mining company. We believe it is testament to the Province of Manitoba's ongoing efforts to create an attractive mining jurisdiction, and this is Grid's second major earn-in agreement announced in the province in the last 18 months. Boliden will be an invaluable partner providing dedicated funding and expertise to help unlock the potential of Thompson East.\"Hans Årebäck, Director Business Development, Boliden stated, \"We are excited to partner with Grid on the Thompson East Project and look forward to working together and developing the Project.\"\"Our government is excited to see the growing private-sector investment in Manitoba's mining industry, which supports our goal of positioning the province as a global leader in the critical minerals that will shape our future,\" said Minister of Business, Mining, Trades and Job Creation Jamie Moses. \"We look forward to working alongside companies such as Grid ...