07:23 AM EDT, 10/14/2025 (MT Newswires) -- Grid Metals ( MSMGF ) , shy of 52 week highs, over the holiday weekend announced a proposed non-brokered private placement for aggregate gross proceeds of up to C$4,027,158. A statement noted the offering will consist of the issuance of common shares to a strategic investor and an existing institutional shareholder and the issuance of flow-though shares of the company to charitable purchasers. The offering is expected to be completed in two tranches.

GRDM's statement noted the first tranche is expected to consist of the issuance of 14 million common shares to the investor at a price of C$0.12 per common share for aggregate gross proceeds of C$1.68 mllion. The second tranche is expected to consist of the issuance of up to 7,060,903 common shares to the investor and an existing institutional shareholder at a price of C$0.12 per common share and up to 7,575,000 CFT Shares to charitable purchasers at a price of C$0.198 per CFT share, for gross proceeds of up to C$2,347,158 under the second tranche.

Robin Dunbar, CEO of Grid Metals ( MSMGF ), said, "Grid Metals ( MSMGF ) is very excited to welcome an investment by a strategic investor to progress our Falcon West Cesium Property. We believe that Falcon West could be a globally important source of cesium to meet the demand for this highly rare and strategic metal in the near future. We look forward to the start of drilling at Falcon West."

GRDM edged up in last Friday's trading.