Grounded Lithium Selects Second Company for Brine Extraction Testing
GLC will transport sufficient quantities of KLP brine to the Industry Expert's chosen facility where the Industry Expert will evaluate its extraction technology in parallel with the previously announced technology candidate, Koch Technology Solutions. GLC anticipates selection of a preferred alternative during Q2 2023, which will then be encompassed in the Company's preliminary economic assessment together with all future field development initiatives, leading ultimately to commercial production.
GLC is a publicly traded lithium brine exploration and development company that controls approximately 4.2 million metric tons of lithium carbonate equivalent of inferred resource over our focused land holdings in
Scientific and technical information contained in this press release has been prepared under the supervision of
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 Industry Expert's lithium from brine extraction technology, the expected timing of completing phase 1 testing on the Industry Expert's technology, the selection of a lithium from brine technology by the Company and timing thereof, and GLC's vision of becoming a best-in-class, environmentally responsible, Canadian lithium producer supporting the global energy transition.
Among the important factors, risks, uncertainties and assumptions 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.
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