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 Corporation (GRDAF) provides critical lithium brine resource updates through this centralized news hub. Investors and industry observers will find authoritative reporting on operational milestones, technical assessments, and strategic initiatives driving North America's energy transition.
This resource aggregates all essential updates including mineral resource estimates, partnership announcements, and regulatory filings. Track progress on field programs, exploration results, and sustainability initiatives while staying informed about GRDAF's position in the lithium market.
Content spans NI 43-101 technical reports, land acquisition updates, and extraction technology developments. Each release maintains strict compliance with Canadian mining disclosure standards, offering transparent insights into project viability and corporate strategy.
Bookmark this page for direct access to GRDAF's official communications. Combine these primary sources with market analysis tools for comprehensive investment research in the evolving lithium sector.
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 Corp. (TSXV: GRD) (OTCQB: GRDAF) has released its financial and operating results for Q2 2024. Key highlights include:
- Net comprehensive loss of $241,823 for Q2 2024, compared to $944,463 in Q2 2023
- Cash flow used in operating activities decreased to $93,410 from $407,588 year-over-year
- Funds flow used in operations improved to $108,213 from $684,960 in Q2 2023
- Working capital surplus of $208,583 as of June 30, 2024
- Capital expenditures for H1 2024 include a cash payment from Denison Mines , recorded as a reduction in Exploration & Evaluation assets
The company's financial position shows improvement compared to the previous year, with reduced losses and cash outflows.
Grounded Lithium Corp. (OTCQB: GRDAF) reported its financial and operating results for Q1 2024. Key highlights include a net comprehensive loss of CAD 507,607, a significant improvement from the CAD 1,682,288 loss reported in Q1 2023. The company also announced entering into agreements with Denison Mines Corp., which are expected to fund a field pilot for the KLP project. Operating cash flow used was CAD 411,756, down from CAD 1,730,836 in the same period last year. Capital expenditures saw a disposition of CAD 800,000. The company's working capital surplus was CAD 303,222, down from CAD 890,061 a year earlier. Shares outstanding increased to 78,279,227 from 69,656,423. Further details can be found in their financial statements and management's discussion on their website or sedarplus.ca.
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