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Grounded Lithium Completes Agreement with Denison Mines

Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF) has announced the attainment of shareholders’ consents surpassing 50% for the definitive agreement with Denison Mines Corp (TSX: DML) (NYSE American: DNN), known as ‘Denison’. Final TSX Venture Exchange approval secures the transaction’s completion.

Effective January 24, 2024, the Agreement’s earn-in option has become active. In accordance to the January 16, 2024 press briefing, Denison’s initially agreed upon 5% gross over riding royalty (GORR) will decrease to 2%, with a full elimination possible under specific conditions.

Denison Mines Corp Profile

As a leading uranium exploration entity, Denison focuses on the Athabasca Basin, with multiple interests including the Wheeler River Uranium Project. Their operations encompass several project joint ventures and an extensive exploration portfolio within the Athabasca Basin.

About Grounded Lithium Corp.

GLC stands as a significant lithium brine exploration and development entity, controlling extensive measured and inferred lithium resources in Southwest Saskatchewan. Targets of their PEA include a Phase 1 NPV8 of US$1.0 billion and an impressive after-tax IRR. GLC’s strategy aims to consolidate and develop their project base, fostering the vision of a leading, environmentally conscious lithium producer.

Qualified experts such as Doug Ashton, P.Eng., Alexey Romanov, P. Geo., and others, manage the scientific and technical disclosures within this announcement.

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