Grid Metals closes $8.52 million private placement - CanadianInvestor CanadiansInvest
-OTCQB] said Monday it has raised $8.52 million from a private placement financing with proceeds earmarked for exploration at its property portfolio in Manitoba and Ontario.
The offering included an additional investment from Lithium Royalty Corp., a leading pure play battery royalty and streaming company, and new cornerstone investments by AMCI Group, a globally diversified mining and investment group, Primero Group of Perth Australia, and Waratah Electrification and Decarbonization Fund.
The announcement coincided with the release of three additional holes from a phase one drill program, which targeted the Northwest Dyke, the second drill defined LCT type pegmatite with significant strike length on the Donner Lake property. Anomalous cesium and tantalum values were present in three holes, including maximum values of 201 ppm Ta205 and 341 ppm Cs20 over 0.6 metres from the Northwest Dyke in GDL22-08.
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