GROUNDED LITHIUM CORP - GRDAF STOCK NEWS

Grounded Lithium Corp. (GRDAF) announces the start of its 2024 field program and Pre-Feasibility Study (PFS) for the Kindersley Lithium Project (KLP), with Stantec as lead author. The program, funded by Denison Mines Corp.'s $4.5 million budget, includes re-entering and deepening a dedicated lithium well by 100 meters, conducting extensive production testing across 11 intervals, and collecting brine samples for technology evaluation. The PFS, targeting completion in mid-2025, will incorporate data from field work and technology assessments to determine optimal metallurgical design and performance.

Grounded Lithium Corp. (GLC) announces a CAD$4.5 million budget for the Kindersley Lithium Project (KLP), fully funded by Denison Mines Corp under their Earn-in Agreement. The budget aims to advance the project through June 2025, focusing on:

1. Developing a NI-43-101 compliant pre-feasibility study (PFS)
2. Further resource delineation through drilling and sampling
3. Additional brine production for testing extraction technologies
4. Creating a depletion and recovery model for economic analysis

This collaboration represents a significant step in advancing the KLP, with Denison set to earn a 30% working interest upon funding CAD$2.2 million in project expenditures. The budget's completion will bring Denison's total investment to over CAD$5.0 million, nearing the CAD$6.0 million required for Phase 2 of the agreement.

Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF) has released its financial and operating results for Q2 2024. Key highlights include:

• Net comprehensive loss of $241,823 for Q2 2024, compared to $944,463 in Q2 2023
• Cash flow used in operating activities decreased to $93,410 from $407,588 year-over-year
• Funds flow used in operations improved to $108,213 from $684,960 in Q2 2023
• Working capital surplus of $208,583 as of June 30, 2024
• Capital expenditures for H1 2024 include a cash payment from Denison Mines , recorded as a reduction in Exploration & Evaluation assets

The company's financial position shows improvement compared to the previous year, with reduced losses and cash outflows.

Grounded Lithium Corp. (OTCQB: GRDAF) reported its financial and operating results for Q1 2024. Key highlights include a net comprehensive loss of CAD 507,607, a significant improvement from the CAD 1,682,288 loss reported in Q1 2023. The company also announced entering into agreements with Denison Mines Corp., which are expected to fund a field pilot for the KLP project. Operating cash flow used was CAD 411,756, down from CAD 1,730,836 in the same period last year. Capital expenditures saw a disposition of CAD 800,000. The company's working capital surplus was CAD 303,222, down from CAD 890,061 a year earlier. Shares outstanding increased to 78,279,227 from 69,656,423. Further details can be found in their financial statements and management's discussion on their website or sedarplus.ca.

Grounded Lithium Corp. reports its 2023 year-end financial and operating results, showcasing significant achievements such as a strategic acquisition, technology selection, positive economic assessment, private placement, resource upgrades, and partnership agreements with Denison Mines Corp. Despite a net comprehensive loss and cash flow challenges, the company remains optimistic about the development of the Kindersley Lithium Project and its partnerships.

Grounded Lithium Corp. announces corporate matters involving shares for services/debt, a market support agreement, and incentive compensation awards. The company engaged Koch Technologies Solutions for treatability studies on brine resources, resulting in the issuance of 1,665,354 common shares. Integral Wealth Securities Limited was re-engaged for market making services on the TSX Venture Exchange. Additionally, 4,066,000 stock options and 1,744,000 Restricted Share Units will be granted to certain individuals.

Grounded Lithium Corp. announced that Greg Phaneuf, SVP Corporate Development & CFO, will present at the Battery and Precious Metals Virtual Investor Conference on January 31, 2024. The event will be live and interactive, allowing investors to ask questions in real-time. The company will also be available for virtual 1x1 meetings on February 1st and February 2nd. The archived webcast will be available after the event, and it is recommended for online investors to pre-register and run the online system check.

Grounded Lithium Corp. announces shareholder consents and final approval for the definitive agreement with Denison Mines Corp. The earn-in option is effective as of January 24, 2024, with the gross over riding royalty reduced to 2%. The royalty will be eliminated upon completion of the first earn-in option or fifteen months after the agreement, unless Denison forfeits its rights.

Grounded Lithium Corp. (GRD) announces a definitive agreement with Denison Mines Corp. to provide funding of up to $15,150,000 for the Kindersley Lithium Project. The agreement includes three earn-in options, with Denison having the right to acquire a working interest in the project. The deal also involves the sale of a 5% gross overriding royalty on the project to Denison. The agreement is subject to regulatory approval and shareholder consent.