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

Grounded Lithium Corp. Announces Second Quarter 2025 Financial Results

Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF), a prominent lithium brine exploration and development company, has published its financial and operating results for the quarter ending June 30, 2025. The report sheds light on the company's ongoing efforts to solidify its market presence and highlights significant developments in their flagship project, the Kindersley Lithium Project (KLP).

Financial Performance Overview

In the most recent quarter, Grounded Lithium reported a net comprehensive loss of CAD 103,370, a marked improvement from a loss of CAD 241,823 during the same period last year. This downward trend in losses is a positive signal in the company’s effort to optimize operations and manage costs effectively. When looking at the six-month performance, the company reported a net loss of CAD 72,978 compared to CAD 749,430 in the previous year.

Alongside reducing losses, the company’s cash flow used in operating activities round out to CAD 45,658 compared to CAD 93,410 a year earlier. Funds flow utilized in operations for the first half of the year stood at CAD 11,144, significantly down from CAD 575,853 in 2024. This shift suggests that Grounded Lithium has been working diligently to curtail its operational expenditure and improve cash efficiency.

Capital Expenditures and Liquidity

In terms of capital expenditures, Grounded Lithium did not incur further costs for the recent quarter. However, there was notable expenditure recorded for the first half of 2024 which included a key payment to Denison Mines Ltd related to exploration activities. Currently, the company enjoys a favorable working capital surplus of CAD 94,710, ensuring financial stability and flexibility to support ongoing projects.

Corporate Update: Advancing the Kindersley Lithium Project

Grounded Lithium continues to collaborate closely with Denison Mines to advance important milestones associated with the KLP. The company is in the midst of preparing a pre-feasibility study (PFS) that is expected to be completed by late 2025 or early 2026. This study is critical to formulating a robust understanding of the economic viability, development strategy, and sustainability of its lithium extraction promises.

Recent detailed analyses have been conducted on the Duperow/Leduc reservoir. This has led to an innovative drilling approach that employs two parallel horizontal wells to maximize brine extraction efficiently. The insights provided by extensive brine sample testing from previous projects will be indispensable as the company evaluates extraction technologies that will provide optimal performance.

Incentive Options Grant

In an initiative to align the interests of key personnel, Grounded Lithium has issued 2,110,900 stock options at an exercise price of CAD 0.065 per share. This choice, endorsed by shareholders during the recent Annual General Meeting, marks the company's focus on reducing cash expenditures while incentivizing employees through equity participation. The grant awaits final approval from TSXV.

Conclusion and Future Outlook

Grounded Lithium stands positioned to become a leader in lithium extraction in Canada through its commitment to environmentally responsible practices. With an extensive resource base and strategic projects underway, the company aims to support the global transition to sustainable energy solutions. The forthcoming pre-feasibility study will set the stage for future developments and investment opportunities as Grounded Lithium strives toward a productive and environmentally friendly business model.

For more detailed financial information and disclosures, stakeholders can access the complete financial statements available at www.sedarplus.ca and Grounded Lithium’s website.

Disclaimer

This report includes forward-looking statements regarding Grounded Lithium’s future performance and prospects. While these statements reflect management’s beliefs based on current expectations, they should not be construed as guarantees, as they involve risks and uncertainties that may lead to different outcomes.