Sibanye Stillwater : Rbc Raises Target Price To $18 From $12

Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - Grit Metals (FSE: K9T) ("Grit" or the "Company") is pleased to announce a non-brokered private placement (the "Offering") of up to 10,000,000 units of the Company (the "Units") at a price of $0.10 per Unit for aggregate gross proceeds of up to $1,000,000. Each Unit will consist of one common share of the Company (each a "Share") and one half of one common share purchase warrant (each whole warrant a "Warrant"). Each Warrant shall entitle the holder thereof to acquire one Share at a price of $0.25 for a period of two years following the date of issue. The proceeds from the Offering are expected to be used for working capital and general corporate purposes.

The Offering is expected to close in December of 2025, and is conditional on the satisfaction of customary conditions, including the approval of the TSX Venture Exchange (the "TSXV"). Finder's fees or commissions may be payable in connection with the Offering. All securities issued in connection with the Offering will be subject to restrictions on resale for a period of four-months-and-one-day in accordance with applicable securities laws.

About Grit Metals Corp.

Grit Metals Corp. is a junior mining company currently focused on the Lithium-Cesium-Tantalum Finnish Pegmatite Project in central Finland. Governing bodies in Europe and Finland are legislating environmentally friendly and energy independent laws and policies. One of the key components is access to REE and, specifically, lithium. The company's exploration licenses are located within 1 kms of the Keliber mine and production complex, currently under construction and expected to begin production in H2 2025.

An estimated €600 million investment by Keliber's parent company Sibanye-Stillwater Limited in partnership with the Finnish Minerals Group (www.mineralsgroup.fi) is underway in the Kautinen Region and will see the development of open-pit and underground mining from several deposits, construction of a central spodumene concentrator plant and a lithium hydroxide chemical plant at tidewater in Kokkola. When completed, this complex will comprise a complete hard-rock spodumene pegmatite lithium supply chain (source: www.sibanyestillwater.com).

It is anticipated that certain directors, officers or other insiders of the Company will acquire Units. Such participation will each be considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the Offering due to the fair market value of the related party participation being below 25% of the Company's market capitalization for purposes of MI 61-101. The Company will file a material change report in respect of the Offering. However, the material change report will be filed less than 21 days prior to the closing of the Offering, which is consistent with market practice and the Company deems reasonable in the circumstances.

On behalf of the board of directors of the Company:

Jeremy Poirier

Chief Executive Officer

Telephone: 604-722-9842

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 Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, statements with respect to, the completion of the Offering; the expected gross proceeds of the Offering; the receipt of all necessary regulatory and other approvals, including approval of the TSXV; the use of proceeds from the Offering; the anticipated date for closing of the Offering; the anticipated insider participation in the Offering; timing for production to commence at the Keliber mine and production complex; and estimations regarding the investment by Keliber's parent company Sibanye-Stillwater Limited in partnership with the Finnish Minerals Group (www.mineralsgroup.fi) and the proposed development of open-pit and underground mining from several deposits, construction of a central spodumene concentrator plant and a lithium hydroxide chemical plant at tidewater in Kokkola. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.

Such forward-looking information is based on numerous assumptions, including among others, that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward-looking information are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information also involves known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, reliance on key management and other personnel, and the risk factors with respect to the Company set out in the Company's filings with the Canadian securities regulators and available under the Company's profile on SEDAR+ at www.sedarplus.ca.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277183

Vancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - Grit Metals Corp. (FSE: K9T) ("Grit" or the "Company") announces the appointment of Jake Clark as Vice President, Exploration, and the formation of a technical advisory board (the "Advisory Board"). The Advisory Board will comprise Keith Henderson, Dan MacNeil and Mike Basha. These appointments strengthen Grit's technical capabilities as the Company prepares to advance its Finnish Pegmatite Project through a follow-up exploration program targeted for Q1 2026.

"Bringing Jake onto the executive team and assembling an advisory board of this calibre positions us well to execute on our exploration plans," said Jeremy Poirier, Chief Executive Officer. "Keith, Dan and Mike each bring decades of hands-on experience taking projects from discovery through development, and their guidance will be invaluable as we build on our Finnish portfolio."

Vice President, Exploration

Mr. Clark is a Registered Professional Geoscientist with over a decade of international experience across exploration and production environments in Europe, Africa, the Middle East and North America. Most recently, he held technical roles with Appian Capital Advisory's Base Metals division and Allied Gold, where he led precious and base metal projects from grassroots discovery through resource definition. His background includes managing multi-country exploration portfolios, applying modern geological and geophysical techniques, and contributing to projects supporting the European Union's critical metals objectives.

The Company entered into a consulting agreement with Mr. Clark pursuant to which the Company will issue 416,667 common shares ("Shares") at a deemed price of $0.12 per Share in full satisfaction of the $50,000 signing bonus owing to Mr. Clark. The board of directors has determined that settling the signing bonus in Shares is in the best interests of the Company as it will preserve cash for working capital purposes and strengthen the Company's balance sheet. The issuance of Shares remains subject to TSX Venture Exchange approval. All Shares issued will be subject to a hold period of four months and one day from issuance.

Advisory Board

Keith Henderson is a mining executive and geologist with over 30 years' experience in the resource sector. He founded and serves as CEO of Latin Metals and Velocity Minerals . Earlier in his career, he held senior roles with Anglo American plc and Cardero Resource Corp., where he played a key role in advancing the Pampa de Pongo project through a positive scoping study to its eventual sale for US$100 million. He currently serves on the boards of Edge Copper E and BP Silver Corp. and holds B.Sc. (Hons) and M.Sc. degrees in geology.

Dan MacNeil is an economic geologist with more than 25 years of experience spanning continental-scale project generation to in-mine resource expansion across the Americas and Europe. He currently consults with mid-tier and junior mining companies on resource expansion, target delineation, drill testing and property evaluations.

Mike Basha previously served as the Company's Vice President, Exploration, where he established Grit's technical foundation and advanced its Finnish portfolio. He will continue to contribute to the Company's exploration strategy through his new advisory role. The Company thanks Mr. Basha for his leadership and welcomes his continued involvement.

Exploration Update

With the strengthened technical team in place, Grit is reviewing its exploration database and historical work with the objective of defining a follow-up exploration program for Q1 2026 at its Finnish Pegmatite Project. Improving sentiment in the lithium sector supports the Company's decision to advance planning for additional field work and target definition.

Stock Option Grant

In accordance with the omnibus incentive plan of the Company, the Company has granted an aggregate of 2,255,000 stock options (the "Options") to certain directors, officers, consultants and members of the Advisory Board of the Company. The Options are exercisable into a Share of the Company at a price of $0.14 for a period of 10 years. Options granted to the directors and officers of the Company will see 25% vest immediately and 25% vesting every four months for one year from the date of grant, while Options granted to the Advisory Board of the Company will see 25% vest immediately, followed by 25% vesting every six months thereafter for 18 months. 50,000 of the Options will vest immediately.

About Grit Metals Corp.

Grit Metals Corp. is a junior exploration company focused on lithium-cesium-tantalum pegmatites in central Finland. The Company's exploration licences are located within 1 km of Keliber's mine and production complex, a €600 million investment by Sibanye-Stillwater Limited in partnership with Finnish Minerals Group (www.mineralsgroup.fi). The Keliber complex, which is currently in commissioning, will comprise open-pit and underground mining, a central spodumene concentrator and a lithium hydroxide plant at tidewater in Kokkola, creating a complete hard-rock lithium supply chain in the region (source: www.sibanyestillwater.com).

On behalf of the board of directors of the Company:

Jeremy Poirier

Chief Executive Officer

Telephone: 604-722-9842

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 news release contains forward-looking information within the meaning of applicable securities legislation, including statements regarding the anticipated contributions of the new Vice President, Exploration and members of the Advisory Board; obtaining requisite approvals of the TSX Venture Exchange; Option vesting schedules; the Company's exploration and development plans, including the timing, design and implementation of any future exploration programs; defining a follow-up exploration program for Q1 2026 at the Company's Finnish Pegmatite Project; the presence of lithium mineralization at, and the exploration and development potential of, the Finnish Pegmatite Project; and the potential impact of lithium market conditions on the Company's strategy. Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct.

All forward-looking information is based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. This information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected. Important factors that could cause actual results to differ include the costs of any anticipated work programs and the ability to fund such costs, required approvals in connection with any work programs and the ability to obtain such approvals, changes in commodity prices (including lithium), and 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 news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276878

London and Johannesburg listed gold miners fall in morning trade as gold prices slide. Investors are looking ahead to the Federal Reserve's policy path. They will be looking for clues from U.S. weekly jobless data and the PCE index due later this week. Gold futures in New York are down 0.3% at $4,218.30 a troy ounce. In London, Endeavour Mining and Fresnillo both fall around 2.6%, while Hochschild Mining drops 1.2%. In Johannesburg, Sibanye-Stillwater drops 4% while Harmony Gold falls nearly 3%. (adam.whittaker@wsj.com)

Gold stocks rise in opening trade as gold prices tick up. Futures in New York are up 0.55% at $4,089.80 a troy ounce after sliding in previous sessions as traders saw the chances of a cut to the U.S. Federal Reserve rate fall. Higher interest rates weigh on non-yielding assets like gold. However, safe-haven demand now has pushed prices higher as investors worry about lofty valuations of technology stocks, ANZ analysts write. In London, gold and silver miner Fresnillo is up 3%, Hochschild Mining rises 2.5% and Endeavour Mining is up 2.15%. In Johannesburg, Sibanye-Stillwater rises 1.9% and while Harmony Gold rises 0.8%. (adam.whittaker@wsj.com)

Gold equities have been hit by a broad market selloff in opening trade as gold futures slide. Weakening expectations that the U.S. Federal Reserve will cut interest rates leave futures in New York down 1.3% at $4,021.30 a troy ounce. Higher interest rates weigh on non-yielding assets like gold. In London, gold and silver miner Fresnillo is down 5.3%, Hochschild Mining slides 3.7% and Endeavour Mining falls 2.5%. In Johannesburg, both Gold Fields and Sibanye-Stillwater drop nearly 6%, while Harmony Gold is down 4%.(adam.whittaker@wsj.com)