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Grounded Lithium Corp. (TSXV:GRD) – Notable News

September 8, 2022

Grounded Lithium Corp. (TSXV:GRD, Not Rated, Koby Kushner), a new Li-brine explorer and developer in western Canada, announced the acquisition of additional freehold mineral rights at its flagship Kindersley project in southwest Saskatchewan, through an agreement with National Trust Company. The new ground comprises 34 sections (8,838 ha), which grows the Kindersley project area by ~16%, and increases Grounded’s total land position in the region by ~14% to ~284 sections (73,259 ha). The recent Kindersley maiden resource of ~2.9 Mt LCE was defined over an area of 215 sections, and the company plans to include these newly added permits in future resource estimates. We note that Grounded has demonstrated its ability to move quickly, having grown in land position by >700% since incorporating two years ago, and we expect this trend to continue. The company has developed a targeted land acquisition criteria that prioritizes both resource growth and deliverability, with key considerations including shallow reservoir depths, thick reservoirs, and favourable geology (high porosities and permeabilities) – which we expect to translate to Li-brine resources that can be efficiently and cost-effectively brought to surface. The acquisition strategy was developed by leveraging management’s technical expertise in the province’s oil and gas sector. CEO Gregg Smith, a petroleum geophysicist by trade, is a former recipient of Saskatchewan’s “Oilman of the Year” for his accomplishments in helping to grow PetroBakken’s oil-equivalent production by >24,000% through strategic acquisitions and flow rate optimization. Other members of the team similarly share significant oil and gas experience, ranging from early-stage development to production, which we view as highly favourable given the overlapping skills required for successful Li-brine extraction from Canadian oilfields. Read more



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