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]

Core Insights - Sandfire Resources America Inc. has completed its 2024-2025 drilling program, focusing on the Johnny Lee Lower Copper Zone, which has shown promising results in resource definition and mineralization extension [1][2]. Drilling Program Results - The Johnny Lee Lower Copper Zone currently has a measured and indicated resource of 1.2 million tonnes grading 6.8% Cu and an inferred resource of 0.5 million tonnes grading 5.9% Cu [1]. - Approximately 28,000 meters have been drilled since December 2023, with results expected to contribute to an updated mineral resource estimate by late 2025 [1][2]. - Significant drill results include: - 8.11 meters of 4.66% Cu in hole SC24-311 - 14.99 meters of 7.99% Cu in hole SC24-312 - 10.58 meters of 4.69% Cu in hole SC25-316 - 11.73 meters of 8.80% Cu in hole SC25-325 - 4.91 meters of 9.74% Cu in hole SC25-328 [5]. Project Advancements - A technical report update for the Johnny Lee deposit is underway at the Pre-Feasibility Study level, with several key factors needing re-evaluation since the last report in October 2020 [2][6]. - The global transition to clean energy and increasing demand for copper are highlighted as significant market drivers, alongside challenges such as declining reserve grades and geopolitical risks [2]. Board Changes - Mr. Stef Weber has been appointed to the Board of Directors, bringing over 25 years of experience in the mining industry, particularly in finance and project development [3][4]. - The company expressed gratitude to Ms. Gemma Tually for her contributions to the Board [3]. Financial Updates - The company has entered into a fifth variation agreement to its bridge loan, increasing the borrowing capacity from up to US$50 million to US$59.5 million, with an extended maturity date to June 30, 2026 [7][8].