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Grounded Lithium Q3 2023 Results: Strong Financials & Operations

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Grounded Lithium Corp. Q3 2023 Financial Overview

CALGARY, AB, Nov. 22, 2023 – Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF) has announced its financial and operational results for the third quarter and the first nine months of 2023. The company’s financial statements and management’s discussion and analysis, detailing these results, are available without the need for review at SEDAR Plus or the company’s website.

Operational and Corporate Developments

Grounded Lithium’s business plan remains robust, with a focus on securing external capital to advance its goals. The company is actively exploring various strategies, including traditional capital raising methods, with continued participation from insiders.

About Grounded Lithium Corp.

Grounded Lithium is a lithium brine exploration and development company, holding significant resources in Southwest Saskatchewan. The updated Preliminary Economic Assessment (PEA) reports a Phase 1 after-tax NPV of US$1.0 billion and an IRR of 48.5%. The company aims to become a leading environmentally responsible Canadian lithium producer.

This press release includes forward-looking statements. While Grounded Lithium believes these to be reasonable, there can be no assurance that such expectations will materialize. Factors such as operational and technical difficulties, weather conditions, economic conditions, and other risks detailed in the company’s reports could impact results.

Neither TSX Venture Exchange nor its Regulation Services Provider endorses the adequacy or accuracy of this release.

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