Grounded Lithium is focused on extracting lithium from the production of subsurface brines to fuel the global shift to green energy.
Grounded Lithium (TSXV:GRD, OTCQB:GRDAF) is a publicly traded, Alberta-headquartered company that aims to supply the battery metals needed for the rapidly developing electricity-powered economy.
Within the accelerating energy transition industry, lithium is a critical metal in the battery supply chain. As the metal is used in renewable energy technologies and batteries for electric vehicles, demand for the commodity is set to rapidly increase, with demand projected to outstrip supply.
To ensure that the world can secure a supply of so-called ‘white gold’ as the global movement to clean energy takes shape, the company is focusing on extracting the metal from the production of subsurface brines – where Canada’s potential remains vast and undeveloped.
The Kindersley project
The company’s core area of operations is in the Kindersley area of Western Saskatchewan with a focus on extracting lithium-rich brine from the Leduc/Duperow formation. The formation provides access to a thick, porous reservoir that is at a shallow subsurface depth and also benefits from having no oil or sour natural gas to be removed prior to extraction.
All of these factors provide both economic and environmental advantages. To date, the company has amassed an impressive land base of 300 (192,000 acres) sections of mineral rights. A NI 43-101 Technical Report effective November 30, 2022, assessed inferred lithium carbonate resources at 3.7 million tonnes. A recent operational highlight was that the company drilled only the second dedicated lithium in the province of Saskatchewan.
About the company
The company is dedicated to generating value through a balanced model of exploration, production, and strategic acquisitions of formations bearing lithium-rich brines in Western Canada. The team envisions providing feedstock to manufacturers in the battery metal supply chain.
