Grid Metals Corp. · TSXV:GRDM
Grid Metals — Investor Presentation (February 2025)
28 slides from Grid Metals's investor presentation, February 2025
Slide 1: Strategic Critical Metals Exploration & Development in Southeastern Manitoba
TSXV: GRDM | OTCQB: MSMGF | FSE: NJF1 STRATEGIC CRITICAL METALS EXPLORATION & DEVELOPMENT IN SOUTHEASTERN MANITOBA FEBRUARY 2025
Slide 2: Disclaimer
DISCLAIMER This presentation (“Presentation”) is being issued by Grid Metals Corp. (the “Company” or risks and uncertainties relating to potential political risks involving the Company's operations “Grid ”) for information purposes only. Reliance on this Presentation for the purpose of in a foreign
Slide 3: Grid Metals Highlights
GRID METALS HIGHLIGHTS Strategic Critical Metals Exploration & Development in Southeastern Manitoba – 150 km from Winnipeg ✓Highly prospective Bird River greenstone belt has direct comparison to the “Ring of Fire” ✓Significant 46 MMt open pit copper/nickel resource* (NI 43-101 compliant) in place at
Slide 4: Capital Structure
CAPITAL STRUCTURE TSXV: GRDM OTCQB: MSMGF FSE: NJF1 Significant Shareholders Waratah, formerly Lithium Royalty Corp. Share Price (as of January 31, 2025) C$0.035 20% Shares Outstanding (Basic)* 204.4 M Options/RSU/DSU* 14.4 M AMCI Group Warrants* 12.1 M 12% Fully Diluted Shares Outstanding* 230.9 M
Slide 5: Ring of Fire Comparison
RING OF FIRE COMPARISON The Bird River Greenstone Belt, which hosts the Mayville and Makwa projects, has been favourably compared to the Ring of Fire belt by virtue of geology and mineral endowment including nickel, copper, PGM, cobalt and chromite deposits*. Noront Resources was acquired in 2022 fo
Slide 6: Recent Project Consolidation
RECENT PROJECT CONSOLIDATION KEY TO UNLOCKING THE POTENTIAL OF THE BELT • Grid acquired the Eagle and Gossan projects and staked the National Ledin claims in 2023*. • Prior to this, no one company had control of all the major known copper/nickel targets in the belt. • This consolidation was crucial
Slide 7: Makwa: Teck Option & JV Details
MAKWA: TECK OPTION & JV DETAILS • The Agreement grants Teck a two-stage option to acquire up to a 70% interest in Makwa by funding cumulative expenditures of CAD$15,700,000 and making staged cash payments of CAD$1,600,000 to Grid (CAD$1,000,000 can be completed through a subscription of shares at Te
Slide 8: Makwa: Exploration Overview
MAKWA: EXPLORATION OVERVIEW • Well mineralized ultramafic belt with multiple nickel dominant deposits • High-grade occurrences throughout the belt (up to 5.6% Ni in outcropping massive sulfide mineralization) • Teck’s focus is the discovery of high-grade, high-value deposits of global significance •
Slide 9: Mayville: Exploration
MAYVILLE: EXPLORATION Exploration to focus on the highly prospective Eagle gabbro, located ~10 km from the Mayville deposit (+32 MMt @ 0.61% CuEq*). New deep penetrating EM survey and ground IP surveys will guide future drilling Total Field Magnetic Image – Mayville *MM Mineral Resource Estimate (MR
Slide 10: Mayville: Drilling
MAYVILLE: DRILLING EAGLE GABBRO DRILL PROGRAM • A copper-rich magmatic sulfide zone averaging 20-30 meters in width was intersected at two separate areas located 400 m apart at the southern end of the target trend (New Manitoba and E15). • Highlights include 25.0 m at 1.47% CuEq in hole EAG24-06 at
Slide 11: Cesium Strategy
CESIUM STRATEGY • Unique opportunity in a rare critical metal • Two known occurrences of cesium-bearing pollucite on Grid’s properties: • High-Grade Dyke at Donner • Lucy Pegmatite at Falcon West • Tanco supply agreement at Donner provides access to only cesium plant in western world • Attractive pr
Slide 12: Tanco Cesium Purchase Agreement
TANCO CESIUM PURCHASE AGREEMENT • Purchase Amount: Tanco will have the right to purchase 10,000 tonnes of cesium-bearing pollucite material grading at least 5% Cs2O from Donner. • Price: US$300/t per 1% Cs2O with deductions applied for transport • Funding to Grid: An initial CAD$300,000 prepayment w
Slide 13: Donner: Cesium Potential
DONNER: CESIUM POTENTIAL ✓The High-Grade (“HG”) Dyke is the most fractionated of the known Li-Cs-Ta (LCT) pegmatite dykes at the Donner project. ✓A surface grab sample from the High-Grade Dyke taken in 2024 returned 17.5% Cs2O associated with coarse-grained pollucite, the preferred feedstock for Tan
Slide 14: Falcon West: Cesium Potential
FALCON WEST: CESIUM POTENTIAL ✓Falcon West (100% owned) covers the next prospective greenstone belt south of the world- class Tanco mine which operates North America’s only cesium chemical plant ✓Tanco cesium purchase agreement only applies to Donner, giving Grid excellent optionality at Falcon ✓Hig
Slide 15: Falcon West: Lucy
FALCON WEST: LUCY ✓Drilling by Grid has identified the potential to outline a globally significant cesium resource at the Lucy pegmatite. ✓Wireframe modelling suggests the potential for a shallow generally flat-lying cesium-bearing pegmatite with two closely spaced sizeable pollucite-rich zones. The
Slide 16: Manitoba: A Premier Mining Jurisdiction
MANITOBA A PREMIER MINING JURISDICTION Manitoba: An Established Critical Metals Producer • Manitoba currently exports lithium, nickel, and copper concentrates and has a long mining history (Thompson Nickel belt, Snow Lake VMS belt, and others). Highly Rated Mining Jurisdiction • Manitoba was ranked
Slide 17: Senior Management and Board
SENIOR MANAGEMENT ROBIN DUNBAR DR. DAVE PECK VP Exploration and Business BRANDON SMITH President, CEO, and Director Chief Development Officer Development • Mr. Dunbar holds an M.B.A. from Dalhousie University • Former VP Exploration for North • Over 12 years of experience in • Over 25 years of exper
Slide 18: Attractive Valuation
ATTRACTIVE VALUTION Strong Re-Rate Potential As Teck Advances Makwa With Cesium Blue Sky Potential Market Cap vs. In-situ Metal Value For Select Cu/Ni/PGM North American Developers $250 $12 In-stiu Valuel ($BB; yellow bars) Market Cap ($MM; grey bars) $10 $200 Grid remains extremely cheap $8 $150 ve
Slide 19: Grid Metals Summary
GRID METALS SUMMARY ✓Geographically focused developer with synergies in permitting, First Nations engagement, and exploration infrastructure ✓Poised for discovery with $17 million option & joint venture with Teck at Makwa nickel project ✓Significant cesium potential at Donner and Falcon West backsto
Slide 20: Appendix – Makwa and Mayville
APPENDIX – MAKWA AND MAYVILLE OVERVIEW • Makwa • Poised for Tier-1 nickel sulfide discovery with Option & Joint Venture agreement with Teck. • Mayville • Eagle drill program confirmed widespread disseminated copper mineralization, located ~10 km from the Mayville deposit (32 MMt at 0.61% CuEq*) • Ta
Slide 21: Appendix - Mayville Deposit
APPENDIX - MAYVILLE DEPOSIT Classification Category Resource Grade Contained Metal (Cut-Off Grade) MAYVILLE MMt % CuEq % Cu % Ni % Co g/t Pd g/t Pt g/t Au MMlbs Cu MMlbs Ni MMlbs Co Koz Pd Koz Pt Koz Au Open Pit Indicated 32.02 0.61% 0.40% 0.16% 0.01% 0.13 0.05 0.05 282.4 112.9 7.1 133.8 51.4 51.4 (
Slide 22: Appendix - Makwa Deposit
APPENDIX - MAKWA DEPOSIT Classification Category Resource Grade Contained Metal (Cut-Off Grade) MAKWA MMt % NiEq % Cu % Ni % Co g/t Pd g/t Pt g/t Au MMlbs Cu MMlbs Ni MMlbs Co Koz Pd Koz Pt Koz Au Open Pit Indicated 14.22 0.75% 0.11% 0.48% 0.02% 0.37 0.10 - 34.5 150.5 6.3 169.1 45.7 - (0.3% NiEq) In
Slide 23: Appendix - Additional Deposits
APPENDIX - ADDITIONAL DEPOSITS ACQUIRED BY GRID IN 2023 • Grid Metals acquired ground adjacent to its Mayville and Makwa project in 2023 containing ~7 MMt of resources*: • Page: 1.5 MMt grading 0.32% Ni and 0.13% Cu (indicated)** • Ore Fault: 0.9 MMt grading 0.32% Ni and 0.24% Cu (indicated) and 2.5
Slide 24: Appendix – Lithium/Cesium Projects
APPENDIX – LITHIUM/CESIUM PROJECTS Donner • 75%-owned project near existing infrastructure in southeast Manitoba. • Resource of 6.8 Mt grading 1.39% Li2O* that is open for expansion. • Leveraging existing infrastructure (Tanco) for processing and tailings to shorten the permitting timeline versus a
Slide 25: Appendix - Donner
APPENDIX - DONNER MAIDEN LITHIUM MINERAL RESOURCE (JULY 2023) Classification Inferred Resource Grade Deposit (Cut-Off Grade) (tonnes) (% Li2O) Main Dyke 1,145,000 1.48% Open Pit NW Dyke 955,000 1.36% (0.3% Li2O) Total 2,100,000 1.42% Main Dyke 3,669,000 1.45% Underground NW Dyke 1,042,000 1.11% (0.5
Slide 26: Appendix - Donner
APPENDIX - DONNER PERMITTING PATH: REED MINE PERMITTING HISTORY The Reed Mine provides a great The high-grade copper pod was Grid can leverage the same legal, roadmap of a standalone mining mined from 2014 to 2018 with environmental, and permitting project that advanced rapidly the ore being trucked
Slide 27: Appendix – Cesium Overview
APPENDIX – CESIUM OVERVIEW ✓Cesium is a rare earth metal that is defined as a critical mineral by the US and Canadian governments. ✓The largest application of cesium is as cesium formate for drilling fluids, but it is also used in atomic clocks, photoelectric cells, glass production, vacuum tubes, a
Slide 28: Appendix - Northern MELs
APPENDIX - NORTHERN MELS NORTHERN MANITOBA EXPLORATION LICENSES (“MELs”) • Grid’s greenfield nickel exploration projects are located in northern Manitoba • Extensive historical data for Fox River Belt has been compiled and interpreted using the Raglan model • Recently completed deep penetrating EM s