Welcome to our dedicated page for Grounded Lithium news (Ticker: GRDAF), a resource for investors and traders seeking the latest updates and insights on Grounded Lithium stock.
Grounded Lithium Corp. (GRDAF, GRD) news covers the company’s progress as a lithium brine exploration and development issuer in the basic materials sector. Investors following Grounded Lithium’s news flow see regular updates on the Kindersley Lithium Project (KLP) in Southwest Saskatchewan, where the company reports Measured & Indicated and Inferred lithium carbonate equivalent resources supported by an NI 43-101 Preliminary Economic Assessment.
Company announcements frequently highlight technical milestones at the KLP, including field programs at the dedicated 4-15 well, re-entry and deepening activities, multi-interval testing across the Duperow formation, and extensive brine sampling. News releases also describe the evolution of 3D reservoir depletion modelling, optimized well configurations, and the use of direct lithium extraction (DLE) technologies under evaluation at independent labs and governmental research facilities.
Another recurring theme in Grounded Lithium’s news is its Earn-In Agreement with Denison Mines Corp. Updates have detailed Denison-funded budgets for technical work, the selection of Stantec Inc. as lead author for a pre-feasibility study, and the phased structure under which Denison may earn up to a 75% working interest in the KLP by funding project expenditures and making cash payments.
News items also include financial and operating results, where the company reports quarterly and year-end performance, working capital metrics, and commentary from management on balance sheet management and project funding. In addition, Grounded Lithium has issued news on a non-core acquisition of oil and gas mineral rights in Saskatchewan and a related farmout to a limited partnership, explaining how this initiative is intended to supplement cash flow and support working capital as the KLP advances.
For investors and analysts, the Grounded Lithium news page provides a centralized view of project updates, technical studies, partnership developments, financial disclosures, and corporate transactions that shape the company’s lithium-from-brine strategy.
Grounded Lithium (OTCQB: GRDAF) entered a definitive agreement to acquire a 30% mineral interest in ~four sections of oil and gas rights in south-central Saskatchewan for approximately $25,000 in cash to a related company. The company and a third party will farm out their combined 60% interest to Saskatchewan Renewal Drilling Limited Partnership #1 (SRDLP), which raised $900,000.
Under the Farmout SRDLP retains 95% of NOI pre‑Payout (Grounded receives 1.5% NOI) and 55% post‑Payout (Grounded receives 13.5% NOI). Grounded will be operator and plans up to two shallow wells (700m) targeting multiple Mannville zones with potential payback periods under one year; operations expected early 2026 pending licensing. The Acquisition is a related‑party transaction relying on MI 61‑101 exemptions and has conditional TSXV approval.
Grounded Lithium (OTCQB: GRDAF) reported third quarter 2025 results and a project update for the Kindersley Lithium Project (KLP) on Nov 12, 2025. Financial highlights show a reduced nine-month net comprehensive loss of CAD 157,754 versus CAD 932,819 a year earlier and material reductions in operating cash outflows (Q3 2025 cash used CAD 31,313 vs CAD 119,701 in Q3 2024). Working capital surplus at Sept 30, 2025 was CAD 34,673 and weighted average shares outstanding were ~79.2M.
On KLP, GLC and partner Denison continue PFS work with DLE lab testing (three private labs plus Canmet), a completed depletion study that defines a 3–4 production‑well pad design with horizontal legs (~700m) per well, and a PFS target in H1 2026.
Grounded Lithium (OTCQB: GRDAF) has released its financial results for Q2 2025 and provided updates on its Kindersley Lithium Project (KLP). The company reported a net comprehensive loss of $103,370 for Q2 2025, significantly lower than the $241,823 loss in Q2 2024. Working capital surplus stood at $94,710.
The company is progressing with partner Denison Mines on a pre-feasibility study (PFS) for KLP, expected to complete by late 2025 or early 2026. The current plan involves drilling wells with two parallel horizontal legs into the best reservoir zones. The company is evaluating both sorption and ion-exchange lithium extraction methods to optimize project economics.
Additionally, GRDAF granted 2,110,900 stock options at $0.065 per share to key personnel, who opted for equity compensation to reduce corporate expenses.
Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF) has released its Q1 2025 financial results, marking a significant turnaround with a net comprehensive income of $30,392, compared to a loss of $507,607 in Q1 2024. The company reported positive cash flow from operations of $43,063, a substantial improvement from the previous year's negative $411,756.
In partnership with Denison Mines Corp., the company successfully completed a field drill program at the Kindersley Lithium Project (KLP), including well re-entry and extension. The company is currently conducting extensive metallurgical testing and depletion modeling as part of its pre-feasibility study (PFS), which is scheduled for completion in mid-2025 by Stantec Inc.
As of March 31, 2025, the company maintained a working capital surplus of $175,083 and had 79,660,227 outstanding shares.
Grounded Lithium Corp (TSXV: GRD) (OTCQB: GRDAF) has released its financial results for Q4 and full-year 2024. A key highlight was the January 15, 2024 agreement with Denison Mines Corp, giving Denison the option to become a majority owner in the Kindersley Lithium Project (KLP) through project funding and direct cash payments.
The company reported a net comprehensive loss of $141,079 for Q4 2024, significantly improved from $776,549 in Q4 2023. Full-year 2024 loss was $1,073,898, compared to $4,187,227 in 2023. Working capital improved to a surplus of $80,725 by year-end 2024.
Technical progress includes the re-entry of the 4-15 Well in November 2024, with brine sampling at 11 distinct levels. The company is advancing towards a Pre-Feasibility Study (PFS) in 2025, supported by Denison's $4.5 million budget. Multiple Direct Lithium Extraction (DLE) firms are evaluating the economics of their technology for the project.
Grounded Lithium Corp. (GRDAF) has completed its 2024 field program at the Kindersley Lithium Project (KLP) and provided updates on its Pre-Feasibility Study (PFS). In partnership with Denison Mines, the company successfully re-entered and extended the 4-15-33-23W3 well by 100 meters, conducting extensive testing across the Duperow formation.
Key achievements include: collection of 83 cubic metres of bulk brine samples, testing of 11 intervals for flow capabilities and lithium concentrations, confirmation of previously tested zones at 76.5 mg/L lithium concentration, and discovery of new lower zones with 66 mg/L concentration. Direct lithium extraction testing has begun at multiple labs, and 3D reservoir depletion modeling is underway to support production models and infrastructure designs.
The PFS, being prepared by Stantec Inc., is scheduled for completion in mid-2025.
Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF) has released its financial results for Q3 2024. The company reported a net comprehensive loss of $183,389 for the quarter, significantly lower than the $783,927 loss in Q3 2023. For the nine-month period, losses decreased to $932,819 from $3,410,678 in the previous year. Cash flow used in operating activities reduced to $119,701 from $549,952 year-over-year. The company maintained a working capital surplus of $135,879, though lower than $385,560 in 2023. Capital expenditures included a cash payment from Denison Mines Corp, recorded as a reduction in Exploration & Evaluation assets.
Grounded Lithium Corp. (GRDAF) announces the start of its 2024 field program and Pre-Feasibility Study (PFS) for the Kindersley Lithium Project (KLP), with Stantec as lead author. The program, funded by Denison Mines Corp.'s $4.5 million budget, includes re-entering and deepening a dedicated lithium well by 100 meters, conducting extensive production testing across 11 intervals, and collecting brine samples for technology evaluation. The PFS, targeting completion in mid-2025, will incorporate data from field work and technology assessments to determine optimal metallurgical design and performance.
Grounded Lithium Corp. (GLC) announces a CAD$4.5 million budget for the Kindersley Lithium Project (KLP), fully funded by Denison Mines Corp under their Earn-in Agreement. The budget aims to advance the project through June 2025, focusing on:
1. Developing a NI-43-101 compliant pre-feasibility study (PFS)
2. Further resource delineation through drilling and sampling
3. Additional brine production for testing extraction technologies
4. Creating a depletion and recovery model for economic analysis
This collaboration represents a significant step in advancing the KLP, with Denison set to earn a 30% working interest upon funding CAD$2.2 million in project expenditures. The budget's completion will bring Denison's total investment to over CAD$5.0 million, nearing the CAD$6.0 million required for Phase 2 of the agreement.
Grounded Lithium announced a CAD$4.5 million budget for the Kindersley Lithium Project (KLP) funded by Denison Mines (DNN) to advance technical de-risking through June 2025. Funds cover a NI 43-101 compliant pre-feasibility study (PFS), additional drilling, brine production and metallurgical pilot testing, depletion/recovery modelling, and trade-off studies for direct lithium extraction and concentration methods. Denison has now incurred in excess of CAD$5.0 million of the CAD$6.0 million required to complete Phase 2 of the earn-in, and an additional CAD$850,000 cash payment is required to finish Phase 2.
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