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Grounded Lithium Corp. Q3 2023 Results: $1B NPV & 48.5% IRR

Grounded Lithium Corp. Announces Q3 2023 Results

CALGARY, AB, Nov. 22, 2023 – Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF) has announced its financial and operational results for the third quarter and nine-month period ending September 30, 2023. Investors should consult the Company’s financial statements and management’s discussion and analysis dated September 30, 2023, for a complete review.

Q3 2023 Highlights

Grounded Lithium’s business plan remains robust, with a focus on securing external capital to advance its goals. The Company is exploring various strategies, including insider participation and innovative funding methods, to achieve its business objectives.

About Grounded Lithium Corp.

Grounded Lithium controls significant lithium brine 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, contributing to the global energy transition.

This press release contains forward-looking statements subject to risks and uncertainties. Factors that could affect actual results include operational challenges, economic conditions, commodity price fluctuations, financing availability, and other risks detailed in the Company’s periodic reports.

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

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