Grounded Lithium Reports Second Quarter 2025 Financial and Operating Results, Provides Corporate Update and Grant of Incentive Stock Options

Financial Results - For the three months ended June 30, 2025, the net comprehensive loss was CAD 103,370, a decrease from CAD 241,823 in the same period of 2024 [2] - For the six months ended June 30, 2025, the net comprehensive loss was CAD 72,978, significantly lower than CAD 749,430 in the same period of 2024 [2] - Cash flow used in operating activities for the three months ended June 30, 2025, was CAD 45,658, down from CAD 93,410 in 2024 [2] - Funds flow used in operations for the six months ended June 30, 2025, was CAD 11,144, compared to CAD 575,853 in 2024 [2] - The company reported a working capital surplus of CAD 94,710 as of June 30, 2025, compared to CAD 208,583 in 2024 [2] Corporate Development - The company is collaborating with Denison Mines Ltd to develop a pre-feasibility study (PFS) for the Kindersley Lithium Project (KLP), expected to be completed by late 2025 or early 2026 [3] - A detailed depletion study of the Duperow/Leduc reservoir has led to a plan for drilling wells with two parallel horizontal legs to maximize brine drainage at minimal costs [4] - Extensive brine samples from the KLP 4-15 well were sent to various direct lithium extraction firms, with results aiding Stantec Inc in analyzing optimal extraction technologies [5] Incentive Compensation - To reduce corporate expenditures, key personnel opted for equity incentives, resulting in the grant of 2,110,900 stock options at an exercise price of CAD 0.065 per share [7] Resource and Economic Assessment - Grounded Lithium Corp controls approximately 1.0 million metric tonnes of Measured & Indicated lithium carbonate equivalent resources and about 3.2 million metric tonnes of Inferred resources in Southwest Saskatchewan [8] - The updated Preliminary Economic Assessment (PEA) indicates a Phase 1 NPV8 after-tax of USD 1.0 billion with an after-tax IRR of 48.5% [8]