Energy
Grid Metals Enters Into Joint Venture Agreement with Avenir Minerals for Falcon West Cesium Project
TORONTO, ON / ACCESS Newswire / July 20, 2026 /Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) ("Grid" or the "Company") is pleased to announce it has entered into a definitive joint venture agreement (the "JV Agreement") with Avenir Minerals Limited ("Avenir"), ...
About this update from Grid Metals Corp.
TORONTO, ON / ACCESS Newswire / July 20, 2026 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) ("Grid" or the "Company") is pleased to announce it has entered into a definitive joint venture agreement (the "JV Agreement") with Avenir Minerals Limited ("Avenir"), a wholly-owned subsidiary of Agnico Eagle Mines Limited, to form a joint venture for the Company's Falcon West Cesium Property ("Falcon West" or the "Property") located in southeastern Manitoba, Canada. Avenir brings world-class mine development and operating experience to the joint venture. The objective of the joint venture is to advance Falcon West through to resource estimation, development and production. Transaction Highlights Robin Dunbar, Grid's CEO & President, stated, "We welcome Avenir as a project joint venture partner and major shareholder. We see this transaction as a positive development for our shareholders and other stakeholders of Grid. Avenir's mine development and operating expertise and financial strength is an endorsement of the potential of Falcon West, the cesium market, and the Grid team. This transaction provides immediate non-dilutive capital to advance Falcon West through the development stage. As the Property operator, the Grid team looks forward to working alongside Avenir's team to unlock the full value of Falcon West for our shareholders." Alden Greenhouse, Avenir's CEO, stated, "This joint venture represents another milestone in Avenir's strategy to build a portfolio of high-quality critical and strategic mineral assets in Canada. Cesium is an increasingly important mineral with unique applications across advanced technologies and industrial sectors. As we move forward, our focus will be on working with Grid to advance the Property through a collaborative, technically rigorous and responsible approach in close engagement with governments, Indigenous and local communities and other stakeholders. The transaction further strengthens Avenir's portfolio and reinforces our approach to supporting resilient North American critical mineral supply chains." Transaction Terms Under the terms of the JV Agreement, Avenir will acquire an initial 15% interest in the Property for C$3,750,000 in cash payable to Grid. Grid will retain an 85% interest and will continue to serve as operator of the Property utilizing its southeastern Manitoba-based technical team and managing exploratio...