MSMGF Grid Metals Corp.

$MSMGF $GRDM.X it is firmly my opinion and belief that if you want shares in this company you are about to have to pay substantially more to participate in the potential exponential upside that could be coming in the next year. The GRDM listing is currently breaking out of a bull flag that has been forming since MRE and the minimum measured move should take it to around $0.27 CAD.

$MSMGF $PWRMF Another obvious dynamic I expect to become increasingly important is relative-value capital moving toward Grid as investors compare the two publicly traded North American cesium stories. This isn’t bearish on $PWRMF. Power Metals deserves credit for proving that the market will assign substantial value to a scarce North American cesium resource and for securing Albemarle as an offtake partner. But the comparison has changed dramatically. Grid has now defined 1,322 tonnes of contained Cs₂O in the MEASURED category versus approximately 330 tonnes in Power Metals’ INFERRED resource. That’s roughly 4X the defined contained cesium. Even after accounting for Avenir’s existing 15% ownership of Falcon West, Grid’s attributable contained Cs₂O is still approximately 3.4X Power Metals’ current resource. Yet $MSMGF is valued at roughly HALF the market capitalization of $PWRMF. In simple relative-value terms, that implies Grid is currently offering nearly 7X more attributable defined cesium per dollar of market capitalization. And today’s announcement makes that discrepancy harder to ignore. Only 8 days after its maiden MRE, Grid has engaged AECOM to advance a high-level mine plan, site design, infrastructure requirements and the environmental licence application. That suggests a significantly compressed timeline toward a formal mine plan, potential production and Avenir’s follow-on investment options. Meanwhile, Grid’s resource remains open, aggressive expansion drilling is planned, and none of this comparison assigns meaningful value to Grid’s other assets or strategic relationships with Teck, Boliden and Waratah. $PWRMF helped establish what the public market is willing to pay for scarce Western cesium exposure. Now investors have another benchmark. In my view, as investors increasingly compare the two companies side-by-side, the valuation gap becomes difficult to justify. I expect some capital seeking cesium exposure to naturally rotate toward the significantly cheaper resource.

$MSMGF A LOT to unpack from today’s Investor Conference Presentation post the maiden cesium MRE just announced. What stood out to me wasn’t just the size of the resource. Robin laid out a surprisingly clear and potentially FAST path to commercialization: • Targeting 15–20% Cs concentrate through simple XRT ore sorting. At that grade, Robin says it becomes a saleable product. • Customer qualification material expected to go out in the next 2–3 months, followed by discussions around potential commercial terms. • Estimated CAPEX of LESS THAN C$10M. • Goal to have Falcon West permitted and ready to go NEXT YEAR. • Current resource was intentionally defined as something Grid could “take out quickly, make some money, and then continue the exploration.” expanding the resource. • Grid has already identified FOUR additional highly fractionated pegmatites nearby and believes Falcon West could ultimately host multiple cesium-bearing deposits. • Avenir/Agnico’s investment structure should largely fund the project into production. And importantly, Grid isn’t viewing concentrate as necessarily the end game. Robin said they will “definitely explore” opportunities to capture higher margins downstream, potentially alongside strategic partners. On demand, drilling fluids remain the established major market, while defense, aerospace, electronics, atomic timing and other strategic applications provide additional demand. Longer term, cesium-containing perovskite and tandem solar technologies represent another potentially significant emerging application as the industry works toward higher-efficiency next-generation solar cells. The strategy is increasingly clear: MRE → metallurgy/ore sorting → 15–20% concentrate → customer qualification → offtake/commercial terms → low-CAPEX production → expand the resource → potentially move downstream to capture significantly more margins. Lucy South may ultimately prove to be the FIRST deposit rather than the Falcon West deposit. For a company with roughly a C$40M market cap, that is a hell of an interesting setup.... imo

$MSMGF Highlights Maiden MRE for the Lucy South cesium deposit at Falcon West: Open pit measured resource for the Lithium-Cesium-Tantalum ("LCT") Zone of 51,500 tonnes at 2.58% Cs2O and 1.47% Li2O; the LCT Zone encloses a higher-grade cesium-rich Pollucite Zone containing a measured resource of 15,600 tonnes at 5.19% Cs2O and 1.76% Li2O. Total contained metal in the measured category of 1,322 tonnes Cs2O.

$MSMGF Hypothetical: if Avenir/Agnico ever bid for $GRDM.X, the base metal JVs don't go away. Teck's Makwa earn-in (to 70%), Boliden's Thompson East option (to 80%) and the Waratah-fund Donner JV are contracts that survive any change in who owns Grid. The question is who keeps Grid's share. A gold major buying for cesium likely wouldn't pay for Ni-Cu exploration, so the usual structure is a plan of arrangement: the buyer takes Falcon West, and the base metal assets go into a SpinCo distributed to Grid shareholders. Key point: SpinCo shares go only to holders on record at closing. Sell early and you give up that piece.

$MSMGF Between now and Thursday the one that benefits most from the sp not rising is Avenir.

$MSMGF so…why haven’t we heard about Avenir exercising their option? -check is in the mail! -delay filing the paperwork -they think the pps is too high so they are waiting for it to come down? (I don’t really think this is remotely what they are thinking) -They are waiting on metallurgy to make a move -they are making a move to take the whole enchilada Other options?

$MSMGF in which form are they looking to sell it? As unrefined ore, or lab ready? One is worth millions and the other is worth billions!