#Canada #Denison Mines #Grounded Lithium #Calgary, Alberta #Kindersley

Grounded Lithium Corp. Q1 2025 Financial Results

Grounded Lithium Corp. (TSXV: GRD, OTCQB: GRDAF) recently announced its financial and operating results for the first quarter of 2025, ending March 31. The company is making significant strides in its operations, primarily focusing on the Kindersley Lithium Project (KLP).

Financial Highlights

During the first quarter, Grounded Lithium reported a net comprehensive income of CAD 30,392, a remarkable turnaround from the loss of CAD 507,607 recorded during the same period last year. This positive shift indicates a stronger operational performance compared to previous years. The cash flow from operations also reflects an encouraging trend, generating CAD 43,063 as opposed to the negative CAD 411,756 in Q1 2024.

Furthermore, the company’s funds flow from operations amounted to CAD 60,186, representing a significant improvement when contrasted with CAD (467,640) in the previous year. These developments are indicative of the company's focused strategy and operational efficiency.

Operational Achievements

In alignment with its strategic goals, Grounded Lithium, in collaboration with its partner Denison Mines Corp., undertook a successful field drilling program at the KLP. The original well at 4-15-33-23W3 was effectively re-entered and extended, achieving all predefined objectives. This proactive approach has laid the groundwork for upcoming phases and underscores the company’s commitment to precision and excellence in its drilling efforts.

Additionally, Grounded Lithium and Denison initiated comprehensive metallurgical testing and depletion modeling as part of the pre-feasibility study preparations. Such initiatives are crucial in refining the company’s commercial confidence level. The upcoming independently authored pre-feasibility study by Stantec Inc. is anticipated for completion by mid-2025, marking another milestone in Grounded Lithium’s path to operational and strategic success.

Resource Overview

Grounded Lithium possesses significant lithium brine mineral resources, estimated at approximately 1.0 million metric tonnes in Measured and Indicated categories, alongside around 3.2 million metric tonnes in Inferred categories across its land holdings centered in Southwest Saskatchewan. The updated Preliminary Economic Assessment (PEA) indicates a robust Phase 1 NPV8 after-tax of USD 1.0 billion, with an impressive after-tax internal rate of return (IRR) of 48.5%.

This solid foundation is pivotal as Grounded Lithium aims to consolidate its position in the market as a leading environmentally responsible lithium producer, supporting the transition to sustainable energy solutions. The company’s closely developed business model incorporates exploration and eventual development of its lithium resources, bolstering its vision and strategy in an increasingly green-focused global landscape.

Conclusion

As Grounded Lithium moves forward, the company remains focused on advancing its initiatives and showcasing its commitment to responsibility in production processes. The improvements observed in its financials and operational strategies suggest a promising trajectory for both the organization and the industry at large. Grounded Lithium is poised to be a key player in the lithium market, aligning with the worldwide push for sustainable energy practices that will ultimately support the shift towards renewable energy sources.