Grounded Lithium Files National Instrument 43-101 Compliant Pre-Feasibility Study for the Kindersley Lithium Project
The first phase covers only 13% of the project area and reports an 11% after-tax internal rate of return.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Grounded Lithium (GRDAF) has filed a pre-feasibility study covering potential first-phase development of the Kindersley Lithium Project with partner Denison Mines. Prepared by Stantec and dated June 26, 2026, the study reports C$125 million in net present value at an 8% discount rate and an 11% after-tax internal rate of return. The initial phase covers only 13% of the project area.
Reservoir modelling spans 25 years, including reinjection of spent brine to maintain production and eventual minor dilution. The study estimates that Measured and Indicated Resources would remain after that production period. Grounded Lithium identifies the lack of legacy oil-and-gas-related impurities and reservoir depths of approximately 900 to 1,200 meters as capital-efficiency advantages. The partners plan further work to assess additional phases; these remain potential developments.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Major point. Forward-looking: it has not happened yet and may not happen.Kindersley’s pre-feasibility study reports C$125 million net present value at an 8% discount rate.
- Minor point. Forward-looking: it has not happened yet and may not happen.First-phase project economics show an 11% after-tax internal rate of return.
- Minor pointGrounded Lithium identifies absence of legacy oil-and-gas-related impurities as a processing and capital advantage.
- Minor pointReservoir depths of approximately 900 to 1,200 meters offer drilling capital efficiency, in the company’s assessment.
- Minor point. Forward-looking: it has not happened yet and may not happen.Study estimates Measured and Indicated Resources remain after 25 years of production.
- Minor point. Forward-looking: it has not happened yet and may not happen.Partners plan short- to medium-term activities to support assessment of additional development phases.
Negative
- Minor point. Forward-looking: it has not happened yet and may not happen.Reservoir modelling anticipates eventual minor brine dilution over the 25-year production period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Rigorous Technical Evaluation Frames Potential Commercial Planning
The PFS addresses the first phase of many for potential development of the KLP. In the opinion of the KLP project partners, this PFS represents a fulsome and honest pioneering approach in the lithium from brine industry in
- Lack of impurities in the resource – as has been previously communicated in our public filings and presentations, the KLP lacks impurities related to field legacy or adjacent oil and gas deposits as compared to others in the industry. This affords the KLP a major advantage in processing flowsheets and capital preservation as other projects must deal with these specific contaminants prior to lithium extraction;
- Depth of reservoir – drilling depth correlates directly with capital costs. The KLP represents one of the shallowest resources (approximately 900 to 1,200 meters depth) in the industry which taken in isolation, results in a better capital efficiency compared to most peers on individual well development drilling capital;
- Our Reserves assessment provides increased assurance of production performance provided by in-depth reservoir modelling over 25 years to estimate produced volumes from individual wells, reinjection of spent brines for production maintenance and eventually realizing minor dilution of the brine. After 25 years of production, the PFS estimates still remaining Measured and Indicated Resources within the KLP area; and
- Scalability – the project partners are taking a cautious approach to the overall project development. This initial project phase described in the PFS accounts for only
13% of the overall KLP area and yields positive project economics. Planned activities over the short to medium term will provide additional justification to assess other phases to follow. It is contemplated that these future phases may involve enhanced returns as we apply learnings, enjoy economies of scale, and incorporate optimizations to the development.
About Grounded Lithium Corp.
GLC is a publicly traded company whose main focus is the development of the Kindersley Lithium Project in conjunction with its project partner, Denison Mines Corp. The KLP encompasses a resource base of approximately 1.0 million metric tonnes of combined Mineral Reserves and Measured and Indicated Resources of lithium carbonate equivalent. The KLP's pre-feasibility study reports a NPV8 of C
GLC's multi-faceted business model involves the consolidation, delineation, exploitation and ultimately development of our opportunity base to fulfill our vision to build a best-in-class, environmentally responsible, Canadian lithium producer supporting the global energy transition shift. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on https://www.otcmarkets.com/.
Qualified Person
Scientific and technical information contained in this press release has been prepared under the supervision of Doug Ashton, P.Eng., of Sproule International Limited and Derek Loveday, P.Geo., Vining Wolff, P.Eng., and Karen Mathers, P.Geo., of Stantec Consulting Ltd., each of whom is a qualified person within the meaning of NI 43-101.
Forward-Looking Statements
This press release may contain forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). These statements are made as of the date of this press release and the fact that this press release remains available does not constitute a representation by GLC that the Company believes these forward-looking statements continue to be true as of any subsequent date. Such statements include, but are not limited to, statements pertaining to the results of the PFS; the PFS having the technical rigour necessary to bring projects of this nature to commercial scale; statements pertaining to capital efficiency and advantages to process flowsheets as compared to peers; remaining Measured and Indicated Resources after 25 years of production; planned activities over the short to medium term and the potential assessment and development of additional phases of the KLP; future phases of the KLP yielding higher project economics due to certain forecasted benefits; and the Company's vision of becoming a best-in-class, environmentally responsible Canadian lithium producer supporting the global energy transition.
Forward-looking statements are based on a number of assumptions, including, without limitation, assumptions regarding the accuracy of the PFS and the technical and economic conclusions contained therein; the accuracy of Mineral Resource and Mineral Reserve estimates; the ability to convert Inferred Mineral Resources into higher-confidence resource categories through future drilling and evaluation programs; the ability of the Company and Denison to continue advancing the KLP; the availability of equipment, services, infrastructure and personnel; the performance and suitability of selected DLE technologies; commodity prices, capital costs, operating costs and exchange rates; the ability to obtain required regulatory approvals, permits and authorizations; and the Company's ability to execute on its development plans for the KLP. Although GLC believes that the assumptions underlying, and expectations reflected in, these forward-looking statements are reasonable, it can give no assurance that these assumptions and expectations will prove to be correct.
Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such statements, including risks relating to the assumptions underlying the PFS not being realized; uncertainties inherent in Mineral Resource and Mineral Reserve estimates; changes in commodity prices, capital costs, operating costs and economic conditions; risks associated with mineral exploration, development and technical studies; risks relating to the evaluation, selection, scaling and implementation of DLE technologies; the inability to convert Inferred Mineral Resources into higher-confidence resource categories; the possibility that future drilling, delineation work or technical studies do not result in increases to Mineral Resources or Mineral Reserves or otherwise improve project economics; regulatory, permitting, environmental and Indigenous consultation risks; financing risks; and risks relating to the Company's ability to advance the KLP with Denison. GLC's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained in this press release are made as of the date hereof, and the Company does not undertake any obligation to update or revise any forward-looking statements, except as required by applicable securities laws.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
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 news release.
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SOURCE Grounded Lithium Corp.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What economics does Grounded Lithium’s Kindersley pre-feasibility study report?
The study reports C$125 million in net present value at an 8% discount rate and an 11% after-tax internal rate of return. These figures concern the initial project phase, which covers only 13% of the overall Kindersley Lithium Project area.
What does Grounded Lithium’s Kindersley study estimate about long-term production?
The study estimates that Measured and Indicated Resources would remain after 25 years of production. Its reservoir modelling estimates individual-well production volumes and incorporates reinjection of spent brines for production maintenance, with eventual minor dilution of the brine.