The latest update is out from Grid Metals ( (TSE:GRDM) ).
Grid Metals Corp. has announced that its Makwa nickel project in southeastern Manitoba is advancing to the drilling stage, following a joint venture agreement with Teck Resources Limited. Teck can earn up to a 70% interest in the project by investing $17.3 million. Aerial geophysical surveys have identified high-priority targets, and Teck plans to commence drilling after obtaining exploration permits. This development marks a significant step in Grid’s strategic partnership with Teck, potentially enhancing its position in the nickel exploration industry.
More about Grid Metals
Grid Metals Corp. is focused on exploration and development in southeastern Manitoba with four key projects in the Bird River area. The company’s primary projects include the Makwa Property, which is subject to an Option and Joint Venture Agreement with Teck Resources Limited, the Mayville Property, the Donner Property, and the Falcon West Property. These projects involve exploration for nickel, copper, platinum group metals, cobalt, lithium, and cesium.
YTD Price Performance: 40.0%
Average Trading Volume: 74,953
Technical Sentiment Signal: Buy
Current Market Cap: $5.74M
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