Business
Grit Metals Corp. Announces Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - Grit Metals (TSXV: FIN) (FSE:...
About this update from Grit Metals Corp.
[{"type":"text","content":"Grit Metals Corp. Announces Non-Brokered Private PlacementVancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - Grit Metals (TSXV: FIN) (FSE: K9T) (\"Grit\" or the \"Company\") is pleased to announce a non-brokered private placement (the \"Offering\") of up to 10,000,000 units of the Company (the \"Units\") at a price of $0.10 per Unit for aggregate gross proceeds of up to $1,000,000. Each Unit will consist of one common share of the Company (each a \"Share\") and one half of one common share purchase warrant (each whole warrant a \"Warrant\"). Each Warrant shall entitle the holder thereof to acquire one Share at a price of $0.25 for a period of two years following the date of issue. The proceeds from the Offering are expected to be used for working capital and general corporate purposes.The Offering is expected to close in December of 2025, and is conditional on the satisfaction of customary conditions, including the approval of the TSX Venture Exchange (the \"TSXV\"). Finder's fees or commissions may be payable in connection with the Offering. All securities issued in connection with the Offering will be subject to restrictions on resale for a period of four-months-and-one-day in accordance with applicable securities laws.About Grit Metals Corp.Grit Metals Corp. is a junior mining company currently focused on the Lithium-Cesium-Tantalum Finnish Pegmatite Project in central Finland. Governing bodies in Europe and Finland are legislating environmentally friendly and energy independent laws and policies. One of the key components is access to REE and, specifically, lithium. The company's exploration licenses are located within 1 kms of the Keliber mine and production complex, currently under construction and expected to begin production in H2 2025.An estimated €600 million investment by Keliber's parent company Sibanye-Stillwater Limited in partnership with the Finnish Minerals Group (www.mineralsgroup.fi) is underway in the Kautinen Region and will see the development of open-pit and underground mining from several deposits, construction of a central spodumene concentrator plant and a lithium hydroxide chemical plant at tidewater in Kokkola. When completed, this complex will comprise a complete hard-rock spodumene pegmatite lithium supply chain (source: www.sibanyestillwater.com).It is anticipated that certai...