Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF) has announced the completion of an Earn-in Agreement with Denison Mines Corp (TSX: DML) (NYSE American: DNN), effectuated from January 24, 2024, after securing consents from shareholders and final approval from the TSX Venture Exchange.
Transaction Details and Impact
Grounded Lithium has effectively reduced the gross over riding royalty sold to Denison from 5% to 2%. This adjustment paves the way for a full elimination of the GORR, dependent upon the terms of the Agreement’s fulfillment.
About Grounded Lithium Corp.
Grounded Lithium is a lithium brine exploration company, holding a substantial resource base in Southwest Saskatchewan and is committed to developing a premier, environmentally responsible Canadian lithium operation.
About Denison Mines Corp.
Denison Mines specializes in uranium exploration and development in Saskatchewan’s Athabasca Basin, holding significant interests in the Wheeler River Uranium Project and a portfolio of joint ventures across Canada.
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