Grounded Lithium - undervalued, strong business model

Dec 30, 2024

Grounded Lithium and Denison Mines are exploring and developing direct lithium extraction (DLE) from brines in Western Canada. Exploration is being directly funded via Denison Mines, who has the option to provide funding in exchange for deposit ownership. Their current deposit has an after tax NPV with 8% discount rate of $1B. Grounded Lithium currently owns 70% of the deposit and will, ultimately, own 25% of the deposit ($250M NPV). Assuming Grounded Lithium is bought out by Denison Mines at a rate of 30% of the NPV, Grounded Lithium will be valued at $75M, a 30x increase from their valuation today. This does not include any added value from additional discoveries or other reasons.

This is a long play and I do not expect Denison to make an offer until their buy-in phases have completed in 2026-2027.

Jun 3

Trade active

Annual meeting is this month. Pre-feasibility study will be complete "mid 2025". They have added an entirely new Li-producing horizon to their model, so I expect great news. They've also been testing extraction methods, so I also expect to see a drop in AISC.

Downside right now is the extremely depressed lithium market, but take it as opportunity.

The best cure for low prices is low prices.

Jun 16

Note

Annual general meeting and special meeting on June 18th. This will be a turning point.

NOTICE is hereby given that the 2024 Annual General and Special Meeting (the "Meeting") of the holders
(the "Shareholders") of common shares ("Shares") of Grounded Lithium Corp. (the "Company") will be
held at the offices of McCarthy Tétrault LLP located at 4000, 421 7th Ave SW Calgary, AB (Barbara Romaine
Boardroom), on Wednesday, June 18, 2025, at 2:00 p.m. (Mountain Standard Time) for the following
purposes:
1. to receive the financial statements of the Company for the years ended December 31, 2024 and
December 31, 2023 together with the auditors' report thereon;
2. to fix the number of directors to be elected at the Meeting at four (4);
3. to elect the proposed nominees set out in the management information circular dated as of the date
hereof (the "Circular") as directors of the Company until the next annual general meeting or until
their successors are duly elected or appointed;
4. to appoint MNP LLP as the Company's auditors for the ensuing year and to authorize the directors
to set the auditors' remuneration;
5. to consider, and if deemed advisable, pass, with or without variation and subject to TSX Venture
Exchange approval, an ordinary resolution to approve the Company's equity incentive plan; and
6. to transact any other business that may properly come before the Meeting and any adjournments
thereof.
The specific details of the matters proposed to be put before the Meeting are set forth in the Circular.
Registered Shareholders who are unable to attend the Meeting in person are requested to complete, date,
and sign the enclosed form of proxy and return it to Odyssey Trust Company, 1230- 300, 5th Avenue S.W.
Calgary, Alberta T2P 3C4 Attention: Proxy Department, at least 48 hours, excluding Saturdays, Sundays
and holidays, before the time of the Meeting or any adjournment or postponement thereof.
Beneficial Shareholders who receive these materials through their broker or other intermediary should
carefully follow the instructions provided by their broker or intermediary and the instructions set out in the
Information Circular under the heading "General Proxy Information".
DATED at Calgary, Alberta, on this 2nd day of May, 2025.
BY ORDER OF THE BOARD OF DIRECTORS OF
GROUNDED LITHIUM CORP.
(signed) "Gregg Smith"
Gregg Smith
President & CEO

2 days ago

Note

New PFS should be out any day now. Lithium carbonate prices seem to have actually bottomed now. LIT is in the midst of a reversal.

Good shiza