Highlights
- Grit Metals completes technical assessment of lithium targets in Central Finland after appointing new VP Exploration and Technical Advisory Board
First diamond drill program planned for late Q1 to early Q2, targeting multiple base prospects
Kyrola and Mörkylä achieved drill-ready status after geological and geochemical reassessment
Targets located in Kaustinen lithium district, as close as ~1.5 km along the strike from Keliber JV land held by Sibanye-Stillwater
Multiple trends in spodumene-bearing boulders have been identified in the Nabba, Jylhä and Tastula permits, indicating a strong exploration upside
Further details
Following the appointment of a new Vice President of Exploration and a new Technical Advisory Board (announced on December 4, 2025), Grit Metals’ technical team has been actively involved in a comprehensive review of surface sampling test data sets and a systematic reassessment of the company’s priority exploration targets. This work aimed to validate existing geochemical results, refine geological interpretations and identify opportunities to improve drill targeting across the portfolio. The ongoing review is part of Grit Metals’ broader strategy to strengthen its technical foundation and ensure future exploration programs are guided by robust, data-driven insights.
The main objectives have been refined for different permits:
At the Nabba permit, the Kyrola target includes an anomaly of approximately 850 by 110 m of transported boulders with a coherent geochemical trend and an interpreted source of pegmatite in the ice, located approximately 300 to 500 meters northwest. Kyrola is a priority target for exercises.
The Jylhä permit includes several targets, including Mörkylä, approximately 1.5 kilometers southwest of the Leviäkangas lithium deposit (0.47 Mt at 0.70% Li₂O), where a 275-meter boulder trend of coarse spodumene has been defined and planned for drilling. Additional trends in spodumene-bearing boulders have been identified in Jylhä North, as well as emerging targets in Jylhä South and Southwest.
At the Tastula permit, approximately four kilometers northeast of the Länttä deposit (1.33 Mt at 1.20% Li₂O), early-stage coarse-grained spodumene boulder clusters have been identified at Tastula North.
The Emmes permit, a 4,071 hectare landholding north of Jylhä, remains underdeveloped and offers additional regional exploration potential.
Grit Metals’ exploration targets are located in the emerging Kaustinen lithium district, in some cases just 1.5 km away from land owned by Sibanye-Stillwater through the Keliber joint venture (Figure 1). As the Keliber lithium project continues to develop and build, the company believes its proximity to active operations, infrastructure and established operators supports the potential of district-level lithium mineralization and enhances the strategic positioning of its exploration portfolio.
Figure 1: Grit Exploration targets (red) in relation to Keliber Project deposits (green) and infrastructure. Source: adapted from Keliber
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Grit’s technical team has been on the ground in Finland, working closely with local landowners, technical advisors and drilling contractors in preparation for an initial diamond drilling program aimed at advancing at least two basic objectives. This program will start in late Q1 to early Q2.
QP statement
The technical contents of this press release have been reviewed and approved by Mr. Jake Clark, RPGeo., Vice President of Exploration, a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Mineralization on adjacent or nearby properties is not necessarily indicative of mineralization on the Company’s properties.
About Grit Metals Corp.
Grit Metals Corp. is a junior exploration company focusing on lithium-cesium-tantalum pegmatites in central Finland. The company’s exploration licenses are located within 1 km of the Keliber mining and production complex, a €600 million investment by Sibanye-Stillwater Limited in partnership with the Finnish Minerals Group (www.mineralsgroup.fi). The Keliber complex, currently being commissioned, will consist of open-pit and underground mining, a central spodumene concentrator and a lithium hydroxide plant at tidal waters in Kokkola, creating a complete supply chain for hard rock lithium in the region (source: www.sibanyestillwater.com).
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward-Looking Information
This new press release contains forward-looking information within the meaning of applicable securities laws. Forward-looking information is generally identified by words such as: believe, expect, anticipate, plan, estimate, postulate and similar expressions, or are expressions that by their nature refer to future events. Such statements include, without limitation, statements obtained regarding regulatory approvals, including those from the TSX-V; the expected effects of the investor awareness campaigns; the Company’s future operating results, performance and achievements, including the presence of lithium mineralization at, and the exploration and development potential of, the Finland Pegmatite Project. Although the Company believes such statements to be reasonable, it can make no assurances that such expectations will prove to be correct.
All such forward-looking information is based on certain assumptions and analyzes made by the Company in light of its experience and factors that management believes are appropriate in the circumstances. However, this information is subject to a variety of risks, uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Important factors that could cause actual results to differ from this forward-looking information include, among others, the timely or failure to obtain regulatory approvals, including those of the TSX-V; Plutus fulfills its obligations under the Agreement as expected; market conditions supporting improved equity liquidity; economic conditions; mineral prices; and expected costs and expenses; the costs of any anticipated work programs and the ability to finance such costs; required approvals in connection with any work programs and the ability to obtain such approvals; risks inherent in exploration, as well as those described under the heading “Risks and Uncertainties” in the Company’s most recently filed MD&A.
The Company does not intend, and expressly disclaims any obligation, to update or revise the forward-looking information contained in this press release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information.
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