Grit Metals Corp. Announces Debt Settlement

Group 1 - Grit Metals has entered into a debt settlement agreement with Vector Geological Solutions Inc. to settle $75,000 in outstanding debt by issuing 625,000 common shares at a deemed price of $0.12 per share [1] - The board of directors believes that this debt settlement is in the best interests of the company as it will preserve cash for working capital and strengthen the balance sheet [1] - The debt settlement is subject to approval from the TSX Venture Exchange, and all shares issued will have a hold period of four months and one day from issuance [1] Group 2 - Grit Metals is focused on the Lithium-Cesium-Tantalum Finnish Pegmatite Project in central Finland, which is strategically located near the Keliber mine and production complex [2] - The Finnish government is promoting environmentally friendly and energy-independent policies, emphasizing the importance of access to rare earth elements (REE), particularly lithium [2] - Keliber's parent company, Sibanye-Stillwater Limited, is investing an estimated €600 million in the Kautinen Region for the development of lithium mining and processing facilities [3]