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Enter Symbol
or Name
USA
CA



Grounded Lithium Corp
Symbol GRD
Shares Issued 76,613,873
Close 2023-11-07 C$ 0.10
Market Cap C$ 7,661,387
Recent Sedar Documents

Grounded Lithium files Kindersley NI 43-101 report

2023-11-08 12:55 ET - News Release

An anonymous director reports

GROUNDED LITHIUM FILES UPDATED PRELIMINARY ECONOMIC ASSESSMENT REPORT FOR THE KINDERSLEY LITHIUM PROJECT - PHASE 1

Grounded Lithium Corp. has filed its updated preliminary economic assessment titled "NI 43-101 Technical Report: Preliminary Economic Assessment Kindersley Lithium Project -- Phase 1 Update," dated Nov. 7, 2023, and effective as of June 30, 2023. The Updated PEA reflects the reclassification of 1.0 million tonnes of Inferred lithium carbonate equivalent ("LCE") resources to a combination of Measured mineral resource and Indicated mineral resource ("M&I"). No change to the overall LCE total is associated with this reclassification to M&I mineral resources which supports the high-quality resource of the Kindersley Lithium Project ("KLP"). There are no changes to the economic analysis from the Company's initial preliminary economic assessment titled "NI 43-101 Technical Report: Preliminary Economic Assessment Kindersley Lithium Project - Phase 1" dated August 9, 2023 and effective as of June 30, 2023. The Updated PEA reflects changes only to the resource classification. The Updated PEA is available on www.sedarplus.ca and on the Company's website at www.groundedlithium.com.

About Grounded Lithium Corp.

GLC is a publicly traded lithium brine exploration and development company that controls approximately 1.0 million metric tonnes of LCE of M&I and approximately 3.2 million metric tons of lithium carbonate equivalent of Inferred resource over our focused land holdings in Southwest Saskatchewan as of the effective date of the Updated PEA. The Company's Updated PEA reports a Phase 1 NPV8 after-tax of US$1.0 billion with an after-tax IRR of 48.5%. GLC's multi-faceted business model involves the consolidation, delineation, exploitation and ultimately development of our opportunity base to fulfill our vision to build a best-in-class, environmentally responsible, Canadian lithium producer supporting the global energy transition shift. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on https://www.otcmarkets.com/.

Qualified Person

Scientific and technical information contained in this press release has been prepared under the supervision of Doug Ashton, P.Eng., Alexey Romanov, P. Geo., Meghan Klein, P. Eng., Dean Quirk, P.Eng., Jeffrey Weiss, P.Eng., Chad Hitchings., P.L. Eng., and Michael Munteanu, P.Eng., each of whom is a qualified person within the meaning of NI 43-101.

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