Toronto, Ontario--(Newsfile Corp. - January 9, 2024) - This press release is being disseminated as required by National Instrument 62‐103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues in connection with the filing of an early warning report (the "Early Warning Report") regarding the direct acquisition of common shares of Grid Metals Corp. (TSXV: GRDM) ("Grid") by AMCI Group LLC ("AMCI") by way of private purchase.

On December 22, 2024, AMCI acquired 10,000,000 common shares at a purchase price of $0.10 per share in a charity flow-through resale arrangement with the buyers of the charity flow-through shares.

The Company, together with its associates, affiliates and joint actors, now owns or controls 25,000,000 voting common shares of Grid or 12.26% of Grid's issued and outstanding voting shares on a non-diluted basis.

The securities of Grid were acquired for general investment purposes. Depending on various factors, including, without limitation, market conditions, general economic and industry conditions, Grid's business and financial condition and/or any other factors that AMCI may deem relevant, AMCI may take such actions with respect to their investment in Grid as they deem appropriate including, without limitation, acquiring, exercising, converting, exchanging, selling or otherwise disposing of securities of Grid or securities exercisable for, or convertible or exchangeable into, securities of Grid and/or developing plans or intentions or taking actions which relate to or would result in one or more of the transactions or matters referred to in paragraphs (a) through (k) of Item 5 of the Early Warning Report.

A copy of the Early Warning Report may be found on www.SEDAR.com.

AMCI GROUP LLC Contact Information:

Patrick Murphy
Phone: +1 203 625 9200
Email: treasury@amcigroup.com

Neither the 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/193629