#Canada #Denison Mines #Calgary #Grounded Lithium #Kindersley Project

Grounded Lithium Corp. on its Financial and Operational Progress in 2025

Grounded Lithium Corp. (TSXV: GRD; OTC: GRDAF), a key player in lithium brine exploration and development, recently released its financial results for the year-ending December 31, 2025. The company faced challenges but also demonstrated significant strides in its operational efforts, particularly in its Kindersley Lithium Project (KLP) and oil and gas ventures.

Financial Performance Overview

In their latest report, Grounded Lithium reported a net comprehensive loss of CAD 144,789 for the last quarter of 2025, marginally up from CAD 141,079 in the same quarter of 2024. For the whole year, the loss was CAD 302,543, a considerable recovery from the larger CAD 1,073,898 loss of 2024. The company's cash flow from operations showed a positive trend, decreasing from CAD 720,313 in 2024 to CAD 78,737 in 2025, indicating improved operational efficiency.

The average number of shares outstanding slightly rose to 79,660,227 by the end of the year, consistent with ongoing capital efforts. The report also indicated critical capital expenditures of CAD 28,511 relevant to their operational growth, reflecting the ongoing commitment to development despite financial losses.

Kindersley Lithium Project (KLP) Update

A significant update regarding the KLP was introduced, highlighting the collaboration between Grounded Lithium and Denison Mines Corp. The KLP project's upcoming milestone involves a pre-feasibility study (PFS), set to encompass detailed operational, technical, and financial assessments. Stakeholders can anticipate the PFS submission by late summer 2026, contingent upon analyses indicating favorable outcomes. This study will crucially inform the project's transition towards commercial viability, with both companies pooling resources to ensure comprehensive assessment criteria support the project’s future success.

The expertise from Denison, coupled with Grounded Lithium’s operational capabilities, aims to address various engineering aspects essential for a lithium venture over the lifecycle of the mine. Positive results here could catalyze further investment and operational expansion.

Oil and Gas Operations Developments

In addition to its lithium ventures, Grounded Lithium made noteworthy advancements in its oil and gas operations. The team successfully drilled, completed, and equipped two initial oil wells, emerging as part of a strategic partnership announced in early 2026. The rapid completion of these drilling operations minimized capital costs while paving the way for subsequent production phases.

The company is now concentrating on optimizing production efforts to ensure high-quantity, specification-grade products enter the commodity market. Initial production tests commenced in late March 2026, and management expresses optimism regarding revenue streams that could enhance liquidity and support broader operational undertakings.

Gregg Smith, the company's President and CEO, emphasized the promising output from their initial drilling endeavors as a testament to their resource extraction strategies. He announced that the company recognizes potential supplemental liquidity may arise from these oil operations while pursuing their core objective of establishing a successful battery-grade lithium production initiative in cooperation with Denison.

Future Outlook

Looking ahead, Grounded Lithium Corp. aims to continue balancing its lithium extraction ambitions with its new oil and gas operations. Management is keen to provide additional updates in the forthcoming months as they navigate the next phases of both projects. The company's strategic dual-focus approach positions it advantageously within emerging resource markets, ensuring responsiveness to market demands while remaining dedicated to quality production standards that respect environmental principles.

Overall, Grounded Lithium's comprehensive review underscores its resilience and adaptability in a continuous pursuit of profitability despite previous financial hurdles, shedding light on a favorable trajectory towards becoming a forefront environmentally responsible lithium producer in Canada.

For more information about Grounded Lithium Corp. and its initiatives, visit groundedlithium.com.