Welcome to our dedicated page for Grounded Lithium news (Ticker: GRDAF), a resource for investors and traders seeking the latest updates and insights on Grounded Lithium stock.
Grounded Lithium Corp. reports developments tied to its lithium brine exploration and development business in Southwest Saskatchewan and its OTC-traded shares under GRDAF. Company updates commonly cover the Kindersley Lithium Project, technical work on the Duperow Formation, direct lithium extraction evaluation, pre-feasibility study work, and collaboration with Denison Mines Corp.
News also includes quarterly and year-end financial results, working-capital and capital-expenditure disclosures, shareholder meeting matters, stock option grants, and the company's resource diversification into Saskatchewan oil and gas operations. These releases connect project spending, brine-processing studies, and oil-and-gas cash-flow initiatives to Grounded Lithium's broader development plans.
Grounded Lithium (OTC:GRDAF, TSXV:GRD) reported Q1 2026 results for the period ended March 31, 2026 and completed transactions to diversify into low-risk, shallow decline oil-producing properties. The structure provides a future 13.5% working interest in net operating income from wells on these properties.
Q1 2026 showed a net comprehensive loss of CAD 63,993 versus income of CAD 30,392 in Q1 2025. Cash flow from operating activities was CAD (22,326), funds flow from operations was CAD (26,001), and working capital showed a deficit of CAD 29,774 versus a prior-year surplus of CAD 175,083.
Grounded Lithium (OTC: GRDAF) reports oil and gas operations progress and corporate items dated May 7, 2026. Two wells on a single pad averaged >120 barrels per day in April, with realized sales expected above CAD$90/ barrel at current prices. Payout is anticipated in less than six months, and the company's share of net operating income is expected to rise from 1.5% to 13.5%. The company set its Annual General and Special Meeting for June 17, 2026 at 2:00pm MST in Calgary. On May 6, 2026, the company granted 2,300,000 stock options at $0.07 expiring May 6, 2031, subject to TSXV and disinterested shareholder approval. A total of 15,913,000 common shares will be issuable under outstanding awards after the grant.
Grounded Lithium (OTC: GRDAF) reported year-end 2025 results and operational updates on April 15, 2026.
The company posted a net comprehensive loss of CAD 302,543 for 2025, improved cash flow metrics versus 2024, a working capital deficit of CAD 62,404, and capital expenditures of CAD 28,511. A pre-feasibility study for the Kindersley Lithium Project is expected in summer 2026. Initial two oil wells were drilled, completed and began initial production and testing in late March, with management expecting noteworthy cash flows.
Grounded Lithium (OTCQB: GRDAF) has begun drilling the first of a two‑well oil and gas program near Marsden, Saskatchewan, using a single pad to reduce lease and construction costs. The wells are shallow with the company planning rapid completion and fast production if successful.
Based on nearby well type curves and current commodity prices, Grounded anticipates payout in six to twelve months, after which net operating income is expected to boost working capital for the Kindersley Lithium Project.
Grounded Lithium (OTCQB: GRDAF) entered a definitive agreement to acquire a 30% mineral interest in ~four sections of oil and gas rights in south-central Saskatchewan for approximately $25,000 in cash to a related company. The company and a third party will farm out their combined 60% interest to Saskatchewan Renewal Drilling Limited Partnership #1 (SRDLP), which raised $900,000.
Under the Farmout SRDLP retains 95% of NOI pre‑Payout (Grounded receives 1.5% NOI) and 55% post‑Payout (Grounded receives 13.5% NOI). Grounded will be operator and plans up to two shallow wells (700m) targeting multiple Mannville zones with potential payback periods under one year; operations expected early 2026 pending licensing. The Acquisition is a related‑party transaction relying on MI 61‑101 exemptions and has conditional TSXV approval.
Grounded Lithium (OTCQB: GRDAF) reported third quarter 2025 results and a project update for the Kindersley Lithium Project (KLP) on Nov 12, 2025. Financial highlights show a reduced nine-month net comprehensive loss of CAD 157,754 versus CAD 932,819 a year earlier and material reductions in operating cash outflows (Q3 2025 cash used CAD 31,313 vs CAD 119,701 in Q3 2024). Working capital surplus at Sept 30, 2025 was CAD 34,673 and weighted average shares outstanding were ~79.2M.
On KLP, GLC and partner Denison continue PFS work with DLE lab testing (three private labs plus Canmet), a completed depletion study that defines a 3–4 production‑well pad design with horizontal legs (~700m) per well, and a PFS target in H1 2026.
Grounded Lithium (OTCQB: GRDAF) has released its financial results for Q2 2025 and provided updates on its Kindersley Lithium Project (KLP). The company reported a net comprehensive loss of $103,370 for Q2 2025, significantly lower than the $241,823 loss in Q2 2024. Working capital surplus stood at $94,710.
The company is progressing with partner Denison Mines on a pre-feasibility study (PFS) for KLP, expected to complete by late 2025 or early 2026. The current plan involves drilling wells with two parallel horizontal legs into the best reservoir zones. The company is evaluating both sorption and ion-exchange lithium extraction methods to optimize project economics.
Additionally, GRDAF granted 2,110,900 stock options at $0.065 per share to key personnel, who opted for equity compensation to reduce corporate expenses.
Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF) has released its Q1 2025 financial results, marking a significant turnaround with a net comprehensive income of $30,392, compared to a loss of $507,607 in Q1 2024. The company reported positive cash flow from operations of $43,063, a substantial improvement from the previous year's negative $411,756.
In partnership with Denison Mines Corp., the company successfully completed a field drill program at the Kindersley Lithium Project (KLP), including well re-entry and extension. The company is currently conducting extensive metallurgical testing and depletion modeling as part of its pre-feasibility study (PFS), which is scheduled for completion in mid-2025 by Stantec Inc.
As of March 31, 2025, the company maintained a working capital surplus of $175,083 and had 79,660,227 outstanding shares.
Grounded Lithium Corp (TSXV: GRD) (OTCQB: GRDAF) has released its financial results for Q4 and full-year 2024. A key highlight was the January 15, 2024 agreement with Denison Mines Corp, giving Denison the option to become a majority owner in the Kindersley Lithium Project (KLP) through project funding and direct cash payments.
The company reported a net comprehensive loss of $141,079 for Q4 2024, significantly improved from $776,549 in Q4 2023. Full-year 2024 loss was $1,073,898, compared to $4,187,227 in 2023. Working capital improved to a surplus of $80,725 by year-end 2024.
Technical progress includes the re-entry of the 4-15 Well in November 2024, with brine sampling at 11 distinct levels. The company is advancing towards a Pre-Feasibility Study (PFS) in 2025, supported by Denison's $4.5 million budget. Multiple Direct Lithium Extraction (DLE) firms are evaluating the economics of their technology for the project.
Grounded Lithium Corp. (GRDAF) has completed its 2024 field program at the Kindersley Lithium Project (KLP) and provided updates on its Pre-Feasibility Study (PFS). In partnership with Denison Mines, the company successfully re-entered and extended the 4-15-33-23W3 well by 100 meters, conducting extensive testing across the Duperow formation.
Key achievements include: collection of 83 cubic metres of bulk brine samples, testing of 11 intervals for flow capabilities and lithium concentrations, confirmation of previously tested zones at 76.5 mg/L lithium concentration, and discovery of new lower zones with 66 mg/L concentration. Direct lithium extraction testing has begun at multiple labs, and 3D reservoir depletion modeling is underway to support production models and infrastructure designs.
The PFS, being prepared by Stantec Inc., is scheduled for completion in mid-2025.