Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF) has successfully concluded its earn-in agreement with Denison Mines Corp (TSX: DML) (NYSE American: DNN), securing consents from over 50% of its shareholders. The TSX Venture Exchange has given its final nod, cementing the agreement as of January 24, 2024.
Agreement Details and Shareholder Approval
As per the January 16 press announcement, ownership conditions have seen positive revision: Denison Mines now holds a reduced 2% gross over riding royalty (GORR), which may be removed entirely on completing the first earn-in option or 15 months from the agreement’s date.
Conference Call and Corporate Updates
The call from January 16 meticulously outlined the transaction’s specifics. Significant developments also include a reduced GORR and the potential elimination based on the earn-in option or timeline achievement.
About Denison Mines Corp.
Denison Mines, a leader in uranium exploration and development, focuses its efforts in Northern Saskatchewan’s Athabasca Basin. The Wheeler River Project stands as Denison’s flagship operation. With a strong portfolio and JV interests, Denison charges ahead in the uranium sector.
About Grounded Lithium Corp.
GLC emerges as a significant player in lithium brine exploration and development, with vast resources and a robust business model aiming to establish a top-tier Canadian lithium producer in line with global energy transition demands.
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