May. 5 at 9:39 PM
$MSMGF $GRDM.X Boliden Deal Approved... ; ) Grid Metals Announces TSX Venture Approval for Thompson East Copper/Nickel Project Earn-In Transaction
05/05/2026
TORONTO, ON / ACCESS Newswire / May 5, 2026 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) ("Grid" or the "Company") is pleased to announce it has received conditional approval from the TSX Venture Exchange ("TSXV") for its previously announced transaction with Boliden Mineral Canada Ltd. ("Boliden") on April 15, 2026, for the option of the Thompson East Project in Northern Manitoba.
The option and joint venture agreement grants Boliden an option to acquire an 80% interest in the Thompson East Project by funding cumulative expenditures of at least CAD
$9,600,000 and making staged cash payments of CAD
$500,000 to Grid. After receipt of TSXV approval, Grid is now entitled to receive an initial cash payment of CAD
$200,000.