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 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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