Grid Metals forms Falcon West cesium project JV with Agnico Eagle unit Avenir Minerals for C$3.75 million

Reuters2026/07/31 20:30

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Grid Metals won TSX Venture clearance for a joint venture with Agnico Eagle unit Avenir on the Falcon West cesium property in Manitoba.
Avenir bought a 15% stake for C$ 3.75 million cash; Grid retains 85% and will operate the joint venture.
Avenir will fund its pro rata share of costs going forward.
Avenir can lift its property interest to 30% upon completion of a preliminary economic assessment or adoption of a mine plan.
Avenir can raise its equity stake in Grid to 19.99% after an NI 43-101 mineral resource estimate; it currently holds about 9.9%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grid Metals Corp. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202607311630ACCESSWRNAPR_____1199855) on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Grid Metals forms Falcon West cesium project JV with Agnico Eagle unit Avenir Minerals for C$3.75 million

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