Grounded Lithium Reports First Quarter 2025 Financial and Operating Results
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) ha pubblicato i risultati finanziari del primo trimestre 2025, segnando una svolta significativa con un utile netto complessivo di 30.392 $, rispetto alla perdita di 507.607 $ nel primo trimestre 2024. La società ha registrato un flusso di cassa operativo positivo di 43.063 $, un miglioramento considerevole rispetto al valore negativo di 411.756 $ dell'anno precedente.
In collaborazione con Denison Mines Corp., l'azienda ha completato con successo un programma di perforazione sul campo presso il progetto Kindersley Lithium Project (KLP), inclusa la riapertura e l'estensione dei pozzi. Attualmente, la società sta conducendo approfonditi test metallurgici e modelli di esaurimento come parte dello studio di prefattibilità (PFS), previsto per il completamento a metà 2025 da Stantec Inc.
Al 31 marzo 2025, la società disponeva di un capitale circolante netto positivo di 175.083 $ e aveva 79.660.227 azioni in circolazione.
Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF) ha publicado sus resultados financieros del primer trimestre de 2025, marcando un cambio significativo con un ingreso integral neto de 30,392 $, en comparación con una pérdida de 507,607 $ en el primer trimestre de 2024. La compañía reportó un flujo de caja operativo positivo de 43,063 $, una mejora sustancial respecto al flujo negativo de 411,756 $ del año anterior.
En asociación con Denison Mines Corp., la empresa completó con éxito un programa de perforación en campo en el proyecto Kindersley Lithium Project (KLP), incluyendo la reentrada y extensión de pozos. Actualmente, la compañía está realizando extensas pruebas metalúrgicas y modelado de agotamiento como parte de su estudio de prefactibilidad (PFS), previsto para completarse a mediados de 2025 por Stantec Inc.
Al 31 de marzo de 2025, la empresa mantenía un superávit de capital de trabajo de 175,083 $ y tenía 79,660,227 acciones en circulación.
Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF)는 2025년 1분기 재무 결과를 발표하며, 2024년 1분기 507,607달러 손실에서 30,392달러의 순포괄이익으로 큰 전환을 이루었습니다. 회사는 영업활동으로부터 43,063달러의 긍정적인 현금 흐름을 보고했으며, 이는 전년도의 -411,756달러에서 크게 개선된 수치입니다.
Denison Mines Corp.와 협력하여 Kindersley Lithium Project (KLP) 현장 시추 프로그램을 성공적으로 완료했으며, 우물 재진입 및 확장 작업도 포함되었습니다. 현재 회사는 Stantec Inc.가 2025년 중반에 완료할 예정인 예비 타당성 조사(PFS)의 일환으로 광범위한 야금학적 테스트와 고갈 모델링을 진행하고 있습니다.
2025년 3월 31일 기준, 회사는 175,083달러의 운전자본 잉여금을 유지하고 있으며, 발행 주식 수는 79,660,227주입니다.
Grounded Lithium Corp. (TSXV : GRD) (OTCQB : GRDAF) a publié ses résultats financiers du premier trimestre 2025, marquant un tournant significatif avec un revenu global net de 30 392 $, contre une perte de 507 607 $ au premier trimestre 2024. La société a enregistré un flux de trésorerie opérationnel positif de 43 063 $, une amélioration substantielle par rapport au flux négatif de 411 756 $ de l'année précédente.
En partenariat avec Denison Mines Corp., l'entreprise a mené à bien un programme de forage sur le terrain au projet Kindersley Lithium Project (KLP), incluant la réentrée et l’extension des puits. La société effectue actuellement des tests métallurgiques approfondis et une modélisation de l'épuisement dans le cadre de son étude de préfaisabilité (PFS), prévue pour être achevée à la mi-2025 par Stantec Inc.
Au 31 mars 2025, la société disposait d’un fonds de roulement excédentaire de 175 083 $ et comptait 79 660 227 actions en circulation.
Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF) hat seine Finanzergebnisse für das erste Quartal 2025 veröffentlicht und damit eine bedeutende Wende mit einem umfassenden Nettoergebnis von 30.392 $ erzielt, im Vergleich zu einem Verlust von 507.607 $ im ersten Quartal 2024. Das Unternehmen meldete einen positiven operativen Cashflow von 43.063 $, eine erhebliche Verbesserung gegenüber dem negativen Wert von 411.756 $ im Vorjahr.
In Zusammenarbeit mit Denison Mines Corp. hat das Unternehmen erfolgreich ein Feldbohrprogramm beim Kindersley Lithium Project (KLP) abgeschlossen, einschließlich Wiederinbetriebnahme und Erweiterung von Bohrlöchern. Derzeit führt das Unternehmen umfangreiche metallurgische Tests und Erschöpfungsmodellierungen im Rahmen der Vorstudie (PFS) durch, die Mitte 2025 von Stantec Inc. abgeschlossen werden soll.
Zum 31. März 2025 verfügte das Unternehmen über einen Nettoumlaufvermögensüberschuss von 175.083 $ und hatte 79.660.227 ausstehende Aktien.
- Turned profitable with net income of $30,392 vs loss of $507,607 in Q1 2024
- Positive cash flow from operations of $43,063 vs negative $411,756 in Q1 2024
- Successful completion of field drill program at KLP with strategic partner Denison Mines
- Maintains positive working capital surplus of $175,083
- Working capital surplus decreased from $303,222 in Q1 2024 to $175,083 in Q1 2025
First Quarter 2025 Financial and Operational Highlights
- The Company, together with its strategic partner Denison Mines Corp. ("Denison"), completed a field drill program at the Kindersley Lithium Project's ("KLP") original 4-15-33-23W3 well, successfully re-entering and extending the well achieving several defined objectives. Further, as part of the pre-feasibility study ("PFS") preparation, the Company and Denison commenced extensive metallurgical testing and a depletion modeling exercise. These efforts provide a deliberate, planned and methodical approach to further refine the commercial confidence level in the pending independently authored PFS by Stantec Inc. planned for completion mid 2025.
Financial Results
(CAD$, except per share amounts and common shares outstanding) | |||
Three Months Ended March 31, | |||
2025 | 2024 | ||
FINANCIAL RESULTS | |||
Net comprehensive income (loss) | 30,392 | (507,607) | |
Per share - basic and diluted | - | (0.01) | |
Cash flow from (used in) operating activities | 43,063 | (411,756) | |
Per share - basic and diluted | - | (0.01) | |
Funds flow from (used in) operations | 60,186 | (467,640) | |
Per share - basic and diluted | - | (0.01) | |
Capital expenditures | |||
Capital expenditures (dispositions) | - | (800,000) | |
Liquidity | |||
Working capital surplus | 175,083 | 303,222 | |
Common shares outstanding | |||
Weighted average - basic and diluted | 78,371,294 | 77,126,290 | |
Outstanding, end of period | 79,660,227 | 78,279,227 | |
About Grounded Lithium Corp.
GLC is a publicly traded lithium brine exploration and development company that controls approximately 1.0 million metric tonnes of Measured & Indicated lithium carbonate equivalent mineral resource and approximately 3.2 million metric tonnes of Inferred lithium carbonate equivalent resource over our focused land holdings in
Qualified Person
Scientific and technical information contained in this press release has been prepared under the supervision of Doug Ashton, P.Eng., Alexey Romanov, P. Geo., Meghan Klein, P. Eng., Dean Quirk, P.Eng., Jeffrey Weiss, P.Eng., Chad Hitchings., P.L. Eng., and Michael Munteanu, P.Eng., 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. The opinions, forecasts, projections and statements about future events of results, are forward looking information, forward-looking statements or financial outlooks (collectively, "forward-looking statements") under the meaning of applicable Canadian securities laws. 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. 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. Such statements include, but are not limited to, statements regarding the internal rates of return and net present values of the KLP, activities funded by Denison to drive the KLP value and GLC's vision of becoming a best-in-class, environmentally responsible, Canadian lithium producer supporting the global energy transition.
Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: GLC's expectation that our operations will be in
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.
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