Grounded Lithium Corp
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in mil. unless spec.Company Description
- CEO
- Richard Gregg Smith
- Full Time Employees
- 1,885
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 112 – 4th Avenue S.W. Calgary AB Canada T2P 0H3
- IPO Date
- Oct 30, 1984
- Website
- groundedlithium.com
- Similar Companies
- Business
- 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.
Company News
Grounded Lithium Releases Kindersley Lithium Project Pre-Feasibility Study Results Mineral Reserves Booked on the KLP Supported By Rigorous Technical De-risking
Grounded Lithium Reports Second Quarter 2026 Financial and Operating Results
Grounded Lithium Announces June Oil Sales and Secures Loans to Fund Oil & Gas Facility Improvements
Grounded Lithium Provides Spring 2026 Operational Update
Grounded Lithium Reports First Quarter 2026 Financial and Operating Results
Grounded Lithium Provides Oil & Gas Operations Update, Announces Annual General and Special Meeting and Option Grant
Grounded Lithium Reports 2025 Year End Results and Oil and Gas Operations Update
Lithium Junior Miners News For The Month Of February 2026
Grounded Lithium Spuds First Oil and Gas Well, Advancing Near-Term Cash Flow Strategy
Grounded Lithium Announces Non-Core Acquisition of Oil and Gas Rights
Grounded Lithium Reports Third Quarter 2025 Financial Results and Project Update
Grounded Lithium Reports Second Quarter 2025 Financial and Operating Results, Provides Corporate Update and Grant of Incentive Stock Options
Lithium Junior Miners News For The Month Of June 2025
Grounded Lithium Reports First Quarter 2025 Financial and Operating Results
Grounded Lithium Reports 2024 Year End Financial and Operating Results with President's Message
Lithium Junior Miners News For The Month Of February 2025
Grounded Lithium Announces Completion of 2024 Field Program on the Kindersley Lithium Project and Provides PFS Progress Update
Grounded Lithium Reports Third Quarter 2024 Financial and Operating Results
Grounded Lithium Announces Commencement of 2024 Field Program and Selection of Stantec as Lead Author for Pre-Feasibility Study
Grounded Lithium Announces Robust $4.5 Million Budget Funded by Denison Mines for the Kindersley Lithium Project