Sep. 25 at 11:21 AM
$MSMGF 🔄 Teck Resources — a key JV partner with
$MSMGF — is merging with mining giant Anglo American to form a
$50B+ copper & critical minerals powerhouse.
Grid Metals’ Donner Lake Lithium project is now JV’d with what will become one of the world’s largest diversified miners.
🚨 Grid =
$20M market cap
💥 Anglo-Teck =
$50B+
👀 Think they might want to own 100% of Donner Lake one day?
The Anglo-Teck merger introduces a new dynamic for Grid Metals shareholders. Grid’s Donner Lake Lithium Project — currently under JV with Teck Resources — could soon be partially owned by a
$50B+ global miner with world-class capabilities in copper, iron, and now… lithium.
If Anglo-Teck views lithium as core to its energy transition strategy, it would make sense to either:
• Accelerate development of Donner Lake, or
• Consolidate ownership (potential buyout of Grid’s stake)
Either scenario elevates Grid’s strategic optionality, especially at today’s depressed
$20M market cap.