Grid Metals Corp (TSXV:GRDM) - Cesium Project in Manitoba Advances Towards Maiden Resource

Interview with Robin Dunbar, President & CEO of Grid Metals Corp.Our previous interview: https://www.cruxinvestor.com/posts/grid-metals-tsxvgrdm-positioning-for-near-term-production-in-the-ultra-rare-cesium-market-9448Recording date: 6th August 2026Grid Metals Corp. is advancing the Falcon West project in southeastern Manitoba toward a maiden mineral resource estimate for cesium and lithium. The company has commissioned SGS Canada Inc. to prepare a NI 43-101-compliant estimate for the Lucy South pegmatite, with results expected in fall 2026. The announcement represents a potentially important milestone because pollucite, the primary cesium-bearing mineral targeted at Lucy South, is exceptionally rare. Only three pollucite deposits worldwide have ever reached production.Lucy South is located approximately 130 kilometres east of Winnipeg, directly beside the Trans-Canada Highway. Its mineralisation is shallow, occurring from less than two metres to roughly 40 metres below surface. Drilling has outlined a cesium-rich zone measuring approximately 120 by 50 metres. Recent results included an intercept grading 5.44% cesium oxide and 1.52% lithium oxide over 2.75 metres, including 1.55 metres grading 8.49% cesium oxide.Grid believes the project could be developed using a relatively simple processing approach. The proposed flowsheet involves crushing and X-ray transmission ore sorting, without water, flotation, milling, or a tailings facility. Management has estimated total project capital costs at less than C$10 million, comparing the concept more closely to a quarry than a conventional mine.The project is supported by Avenir Minerals, a wholly owned subsidiary of Agnico Eagle Mines. Avenir invested C$3.75 million for an initial 15% interest in Falcon West, while Grid retains 85% and operatorship. Avenir also holds options linked to the Lucy South resource, a future preliminary economic assessment, and mine-plan milestones.Beyond cesium, Grid offers exposure to a broader Manitoba portfolio. Teck Resources is funding work at the Makwa nickel project, Boliden can earn an interest in Thompson East, and Grid also holds the Mayville copper and Donner lithium projects.The Lucy South resource estimate is therefore both a technical milestone and a potential valuation catalyst, while the company’s partner-funded portfolio provides diversification across several critical minerals.View Grid Metals' company profile: https://www.cruxinvestor.com/companies/grid-metals-corpSign up for Crux Investor: https://cruxinvestor.com