Grid Metals Corp. (GRDM) Financings
TSXV: GRDM · Caesium · Exploration stage
- Market cap$50.1M
- Share price$0.215
- 52-week range$0.090 – $0.230
- Shares outstanding233,037,067
- ExchangeTSXV
- Websitewww.gridmetalscorp.com
The Company is one of the largest mineral rights holders in the Province of Manitoba with over 250,000 hectares of mineral claims and exploration licenses registered to Grid. The current focus of Grid is its Falcon West Property which is an emerging cesium discovery. A summary of Grid's mineral properties in Manitoba include: The Falcon West Property ( Li-Cs ) is located 130 km east of Winnipeg along the Trans-Canada highway and contains highly anomalous cesium and lithium values in LCT pegmatite including the Lucy South pegmatite dyke, the focus of Grid's current exploration efforts. The property is subject to a joint venture agreement with Avenir Minerals, which has a 15% interest in the property. The Makwa Property ( Ni-Cu-PGM-Co ), which is subject to an Option and Joint Venture Agreement with Teck Resources Limited (' Teck '). Teck can earn up to a 70% interest in Makwa by incurring a total of C$17.3 million, comprising project expenditures (C$15.
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Grid Metals Corp. financial statements
Key figures read from 40 of 40 financial statement filings, Nov 24, 2016 to Sep 3, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$2,804,618 | C$596,760 | C$2,717,813 | C$9,396,673 | C$2,895,647 |
| Short-term investments | C$59,900 | C$651,392 | C$755,357 | C$2,904,164 | C$12,147 |
| Total current assets | C$3,061,522 | C$1,477,670 | C$8,678,413* | C$12,818,249 | C$2,971,169 |
| Total current liabilities | C$1,389,148 | C$1,345,765 | — | C$1,331,992 | C$438,438 |
| Working capital | C$1,672,374 | C$131,905 | — | C$11,486,257 | C$2,532,731 |
| Total assets | C$3,061,522 | C$1,534,608 | C$12,790,483 | C$12,901,272 | C$3,001,528 |
| Debt | — | C$0 | C$60,000 | C$60,000 | C$60,000 |
| Total liabilities | C$1,389,148 | C$1,356,353 | C$6,692,352 | C$1,396,604 | C$516,434 |
| Shareholders' equity | C$1,672,374 | C$178,255 | C$6,098,131 | C$11,504,668 | C$2,485,094 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2020 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$1,400,094 | C$6,222,765 | C$7,677,737 | C$7,339,879 | — |
| General and administrative | C$1,691,311 | C$1,172,089 | C$2,415,852 | C$1,350,855 | C$955,983 |
| Share-based compensation | C$396,948 | C$112,752 | C$770,408 | C$549,779 | C$493,000 |
| Impairments and write-downs | C$0 | (C$303,489) | — | — | — |
| Net income (loss) | (C$2,274,585) | (C$6,036,378) | (C$10,371,762) | C$275,756 | (C$2,314,679) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$2,193,642) | (C$7,891,747) | (C$8,142,241) | (C$4,202,380) | (C$3,600,796) |
| Investing cash flow | C$888,894 | C$943,997 | C$2,083,932 | C$839,629 | (C$44,755) |
| Financing cash flow | C$3,512,606 | C$4,826,697 | (C$620,551) | C$9,863,777 | C$3,417,789 |
| Proceeds from share issues | C$4,027,159 | C$0 | C$78,798 | C$10,170,357 | C$3,500,000 |
| Change in cash | C$2,207,858 | (C$2,121,053) | (C$6,678,860) | C$6,501,026 | (C$138,252) |
| Cash at end of period | C$2,804,618 | — | C$2,717,813 | C$9,396,673 | C$2,895,647 |
Grid Metals Corp. financings
1 financing announced or closed by Grid Metals Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-10-10 | Grid Metals Corp. (GRDM) | Private placement, non-brokered | Tranche closed, 2 tranches | $4.0M | $0.120 | Grid Metals Announces Strategic $4 Million Private Placement |