Grounded Lithium Corp.
GRD.V
Toronto Stock Exchange Ventures0.06
CAD
+0.00
- -
Grounded Lithium Corp.
GRD.V
(Toronto Stock Exchange Ventures)
Recent
price
0.06
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
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- Grounded Lithium Corp. (TSXV:GRD, OTCQB:GRDAF) is a publicly traded lithium brine exploration and development company focused on the acquisition, exploration, delineation, exploitation and production of lithium-rich brines from subsurface formations in Western Canada to supply battery-grade lithium products for the global energy transition and electric vehicle battery manufacturing sector. The company controls focused land holdings in Southwest Saskatchewan, including its flagship Kindersley Lithium Project (KLP), which features approximately 1.0 million metric tonnes of Measured and Indicated lithium carbonate equivalent (LCE) mineral resources and 3.2 million metric tonnes of Inferred LCE resources as outlined in its updated Preliminary Economic Assessment (PEA) effective June 30, 2023; core activities encompass brine extraction via directional drilling from the Duperow Formation, direct lithium extraction (DLE) processing using advanced technologies such as Koch Technology Solutions' Li-Pro technology, depletion modeling for optimized reservoir recovery with multi-leg horizontal wells, metallurgical testing across multiple intervals, central processing facilities for lithium chloride concentration and conversion to lithium hydroxide or carbonate, resource expansion through strategic land consolidations totaling over 100 sections, and progression through NI 43-101 technical reports including pre-feasibility studies. Headquartered in Calgary, Alberta, Canada and founded in 2020, Grounded Lithium targets manufacturers in the lithium battery supply chain across North America with operations concentrated in the province of Saskatchewan. In recent developments, the company entered into an Earn-in Agreement with Denison Mines Corp., which funds up to CAD$6.0 million in expenditures on the KLP in exchange for earning up to a 75% interest, including a CAD$4.5 million budget approved in September 2024 to support a NI 43-101 compliant pre-feasibility study (PFS) by Stantec Inc. targeted for completion in the first half of 2026, 2024 field programs involving well re-entries, extensions by 100 meters, extensive production testing across 11 intervals, brine sampling for DLE evaluation at three labs and CanmetMINING, and reservoir depletion modeling for multi-pad configurations with 3-4 production wells per lease; these efforts build on prior advancements such as the November 2023 PEA update reporting a Phase 1 after-tax NPV8 of US$1.0 billion and IRR of 48.5%, selection of Koch Technology Solutions in 2023 for field pilot DLE testing, and completion of the 2024 field program announced in January 2025. Grounded Lithium continues to optimize engineering for cost-effective lithium production, minimize environmental footprint through in-situ extraction methods informed by Denison's uranium brine expertise, and evaluate emerging DLE technologies for commercial scalability, with no reported subsidiaries or parent relationships.