Grid Metals Corp.
Leveraging North American Push for Domestic EV Metal Production
Published: 7/10/2024
Author: FRC Analysts

Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:
GRDM.V - NEO 🔹
MSMGF - NASDAQ 🔹
- We are resuming coverage on Grid Metals. Grid is advancing two lithium projects (Donner and Falcon West), and an advanced-stage MM nickel-copper-PGM project in southeastern Manitoba. Lithium, nickel, and copper play crucial roles in the composition of Electric Vehicle (EV) batteries. In 2023, Manitoba was ranked among the top three mining jurisdictions in Canada, per the Fraser Institute’s Survey of Mining Companies.
- Donner hosts a relatively high-grade hard-rock (pegmatite) lithium resource (6.8 Mt at 1.39% Li2O). A key advantage of the project is its proximity to two processing facilities within trucking distance, allowing Grid to expedite production with lower CAPEX.
- The project can produce 75 Ktpa of spodumene concentrates for 10+ years, with milling costs of C$316/t (excludes mining and transportation costs) compared to the curren