Bullboard - Stock Discussion Forum Grounded Lithium Corp V.GRD

Alternate Symbol(s): GRDAF

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Grounded Lithium Corp. is a Canada-based lithium brine exploration and development company. The Company is focused on supplying lithium to the developing electricity-powered economy. The Company’s wholly owned and operated Kindersley Lithium Project (KLP) is located within the province of Saskatchewan in Canada. The Project encompasses approximately 77,478 hectares. The Company also owns... see more

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Grounded Lithium Corp > Grounded Lithium Executes Strategic Investment with Denison

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Post by Betteryear2 on Jan 16, 2024 11:21am

Grounded Lithium Executes Strategic Investment with Denison

Provides Funds to Materially Advance the Kindersley Lithium Project

Conference call and webcast to be held at 10:00am (MST) on January 17, 2024 to describe the transaction

CALGARY, AB, Jan. 16, 2024 /CNW/ - (TSXV: GRD) (OTCQB: GRDAF) – Grounded Lithium Corp. ("GLC" or the "Company") is pleased to announce we entered into a definitive agreement dated January 15, 2024 with Denison Mines Corp (TSX: DML NYSE American: DNN) ("Denison") whereby Denison has the option to earn up to a 75% working interest in the Kindersley Lithium Project ("KLP") by funding in aggregate up to $15,150,000 comprised of both cash payments to GLC of up to $3,150,000 and funding project expenditures of up to $12,000,000 through a structured earn-in option. (the "Agreement").

Grounded Lithium Executes Strategic Investment with Denison Mines (newswire.ca)