Grid Metals Corp. Inks Cesium Supply Agreement with Tanco

Grid Metals Corp. has announced a cesium supply agreement with Tantalum Mining Corporation of Canada Limited (Tanco). This agreement will fund drilling at Grid's Donner Property. The objective is to explore and potentially develop cesium resources, a rare critical metal.

The High Grade Dyke at Donner is targeted for drilling. It contains high-grade cesium values, with its close proximity to Tanco's processing plant being advantageous. A CAD$300,000 prepayment from Tanco will support initial drilling, with a further CAD$900,000 contingent on successful results.

Tanco obtains rights to purchase 10,000 tonnes of cesium material at a set price. This collaboration may bring near-term cash flow and technical support for Grid, especially given cesium's critical applications and limited production sites globally.