MSMGF Grid Metals Corp.

$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 Now think several steps ahead: $TSLA Energy → massive terrestrial power market xAI → enormous AI power requirements $SPCX → satellites + potential orbital AI/data centers For space in particular, power-to-weight matters enormously. If perovskite tandems provide substantially more watts/kg than conventional solar, every kg you don’t launch has tremendous economic value. Now imagine $TSLA/$SPCX/xAI ultimately sharing that energy technology stack. If Cs remains necessary to the winning perovskite chemistry, suddenly the question isn’t “What is cesium worth per pound?” It’s: “What is guaranteed access to one of the world’s few scalable Western pollucite resources worth?” That’s the asymmetry. A tiny quantity of an extremely scarce metal could enable billions of dollars of downstream infrastructure. In that situation, the commodity price matters far less than SUPPLY SECURITY. Power Metals has already locked in an offtake with Albemarle. Falcon West is not locked up.

$MSMGF $GRDM.X.V Falcon West’s maiden cesium MRE is expected next week, & IMO this matters FAR more than the average MRE. We already know the grades are exceptional & pollucite is the primary cesium mineral. Now we find out just the initial SCALE. Most MREs simply add more tonnes/ounces to commodities with established global supply and transparent pricing. Cesium is completely different. Commercial pollucite supply is extraordinarily scarce, existing sources are limited, and there is effectively no transparent mkt price for a large new Western resource. The MRE could therefore establish something much bigger than a resource number: the initial & potential scale of a strategic North American supply source. Then comes Avenir/Agnico’s post-MRE invest rights that i expect to commence very shortly after before it moves substantially higher imo, SGS concentrate testing, end-user qualification & potential offtake agreement. Next week could be the beginning of actual PRICE DISCOVERY for Falcon West

$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 thoughts?: Deep dive on cesium defense demand across all six known military applications: atomic clocks ($58M DARPA contract), night vision ($352M BiNOD IDIQ), radiation detection (CBP/DTRA steady-state), submarine magnetometers (CAE MAD-XR growing via drone proliferation), ion propulsion (dead). Combined Cs consumption across all five: ~1-3 tonnes/yr. Strategically critical but volumetrically irrelevant. The sixth application changes everything. Perovskite solar — already field-deployed by DoD at Cyber Fortress 2025 — needs cesium for thermal stability. At 85 GW/yr commercial deployment by 2035, demand is 8-210 tonnes Cs/yr depending on formulation. Defense validates the tech, commercial scales the volume. GRDM's cesium thesis is ultimately a perovskite thesis with a defense catalyst.

$MSMGF "pollucite dominates the Lucy South pollucite zone" these new bot accounts are so informative lol. You guys think we see the MRE this week???

$MSMGF I wanted to see if there was any more surface exposed rock at Falcon West, so I mapped the drill site coordinates onto Google Earth to look. Nothing earth shattering but thought I'd share. Here is a view with all drill holes mapped onto the site. You can see what looks like surface exposed rock at ArtDon (bottom left). You can't see much at Lucy because of all the drill holes. There maybe a region of surface rock just SSW of Lucy, but it is really hard to tell at this resolution. So basically no conclusions to be had here, but reinforces that the initial discovery and drilling at Lucy and ArtDon was likely because they were all surface exposed.

$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!

$MSMGF isn’t it supposed to be going up into the MRE? Needs new buyers imo. We’re the only ones watching.