Sep. 8 at 1:47 PM
$MSMGF The Anglo American
$TECK merger could have an overlooked read-through for
$GRDM.X /
$MSMGF.
Teck currently owns 0% of Grid’s Makwa Ni-Cu-PGE project in Manitoba but has already funded >C
$2M of exploration.
The earn-in:
• 51% → C
$5.7M exploration + C
$600K payments
• 70% → C
$15.7M cumulative exploration + C
$1.6M total payments/equity
• Final C
$1M can be invested directly into
$GRDM.X equity at a 25% premium
Now consider the Anglo Teck merger.
The combined company has committed to invest ≥C
$4.5B in Canada over 5 years, including ≥C
$300M in Canadian critical-mineral exploration/technology AND support for Canadian juniors through partnerships/equity participation.
Makwa agreement (and all of Grid's Properties) seems almost tailor-made for that mandate:
🇨🇦 Manitoba
Ni-Cu-PGE
Existing resource + exploration upside
Existing Teck partnership
C
$2M already invested
Very small remaining capital commitment for them required, but transformational for Grid Metals. (1/2)
