Grounded Lithium
Grounded Lithium Corp. is an Alberta-based, publicly traded lithium resource company developing the Kindersley Lithium Project in Southwest Saskatchewan to produce battery-grade lithium hydroxide monohydrate from subsurface brines using Koch Technology Solutions' Li-Pro™ DLE process, while operating a small oil & gas business for near-term cash flow.
- Company typePublic
- Founded2021
- HeadquartersCalgary, Canada
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Grounded Lithium does
Grounded Lithium Corp. (TSXV: GRD; OTCQB: GRDAF) is an Alberta-headquartered, publicly traded lithium resource company focused on extracting battery-grade lithium hydroxide monohydrate (LHM) from subsurface brines in Western Canada. Its sole material asset is the Kindersley Lithium Project (KLP) in Southwest Saskatchewan, where a November 2023 Preliminary Economic Assessment defined 1.0 million tonnes Measured & Indicated and 3.2 million tonnes Inferred lithium carbonate equivalent resources across 300+ sections of land. The company is led by President & CEO Gregg Smith, SVP Corporate Development & CFO Greg Phaneuf, and Chairman John D. Wright, with a small team of 1–10 employees.
Core technology centers on Koch Technology Solutions' Li-Pro™ Direct Lithium Extraction (DLE) process, which has demonstrated 98% lithium extraction recovery and 99% rejection of unwanted ions. GLC's engineering plan features 3D reservoir modeling, multi-well pad configurations (3–4 production wells per surface lease with 700-meter horizontal legs in the Duperow formation), and 3D depletion studies to optimize recovery. The Phase 1 PEA targets 11,000 tonnes per year of LHM at USD$3,899/tonne operating cost and USD$30,500/tpa capital intensity, with a reported US$1.0 billion after-tax NPV8 and 48.5% IRR at USD$25,000/tonne pricing.
The business model is pre-revenue for lithium, with a strategic earn-in partnership under which Denison Mines Corp. funds up to CAD$15.15 million to earn up to 75% working interest in the KLP and act as operator. To bridge the gap until lithium commercialization, GLC diversified into conventional oil and gas in Saskatchewan (Marsden and Lloydminster), with two wells producing ~120 barrels per day at CAD$90+/bbl in May 2026. Stantec Inc. was engaged in November 2024 to author the NI 43-101 Pre-Feasibility Study. Long-term, revenue is expected to come from LHM sales to EV battery manufacturers and lithium chemical processors via future offtake agreements.
Grounded Lithium firmographics
Firmographics- Name
- Grounded Lithium
- Legal name
- Grounded Lithium Corp.
- Website
- https://groundedlithium.com
- Company type
- Public
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Grounded Lithium Corp. is an Alberta-based, publicly traded lithium resource company developing the Kindersley Lithium Project in Southwest Saskatchewan to produce battery-grade lithium hydroxide monohydrate from subsurface brines using Koch Technology Solutions' Li-Pro™ DLE process, while operating a small oil & gas business for near-term cash flow.
- Ownership category
- akta.pro rank
Grounded Lithium industry classification
Industry- Product category
- Lithium Resource Extraction
- akta.pro primary industry
- Lithium Mining & Brine Extraction (IMAKAFAA)
- akta.pro secondary industry
- Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)
Keywords
Where Grounded Lithium is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Offices4 records
Markets served
Grounded Lithium business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales
Revenue model
- Lithium Production (Future): Not yet in production. Planned to generate revenue from sale of battery-grade lithium hydroxide monohydrate (LHM) produced from the Kindersley Lithium Project upon commercialization.
- Oil and Gas Production: Near-term cash flow diversification strategy. GLC holds working interest in oil-producing properties in Saskatchewan with production averaging 120+ bpd at expected realized prices exceeding CAD$90/bbl. Pre-payout: 1.5% NOI; Post-payout: 13.5% NOI.
- Joint Venture Proceeds (Future): Upon Denison completing earn-in and forming joint venture, GLC will retain working interest and receive cash payments totaling up to CAD$3.15 million during earn-in period. Future JV proceeds from lithium operations.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Grounded Lithium product offering
Product offeringCore offering
Grounded Lithium is a publicly traded lithium resource company focused on extracting lithium from subsurface brines in Western Canada. Its primary asset, the Kindersley Lithium Project (KLP) in Southwest Saskatchewan, targets production of battery-grade lithium hydroxide monohydrate (LHM) using Direct Lithium Extraction (DLE) technology. The company also operates a secondary conventional oil and gas business in Saskatchewan to generate near-term cash flow.
Product overview
Grounded Lithium is a lithium resource company focused on a single primary product: the Kindersley Lithium Project (KLP), a lithium brine extraction operation in Southwest Saskatchewan targeting battery-grade lithium hydroxide monohydrate (LHM) production for the EV battery supply chain. The company also operates a secondary oil and gas business for near-term cash flow diversification. The KLP uses direct lithium extraction (DLE) technology, with Phase 1 designed for 11,000 tonnes per year LHM production capacity. The project is being advanced through a pre-feasibility study (PFS) stage, with partner Denison Mines holding an option to earn up to 75% working interest by funding project expenditures.
Differentiator
Problem solved
Functional benefit
Products and services
- Kindersley Lithium Project (KLP)
- Oil and Gas Operations
Quantifiable outcome
- NPV8 after-tax of US$1.0 billion with 48.5% IRR on Phase 1 at USD$25,000/tonne LHM pricing
- +3 more outcomes
Companies that use Grounded Lithium
Customer profileSegments2 records
Ideal customer profiles2 records
Grounded Lithium technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Grounded Lithium partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered supporting, core and minor.
- Analogy Capital Advisors IncsupportingRelated party transaction - entity co-owned by Chairman John D. Wright. Sold 30% mineral interest in four sections of oil and gas rights near Lloydminster to GLC for CAD$25,000. GLC subsequently farmed out combined 60% interest to Saskatchewan Renewal Drilling LP.
- Saskatchewan Renewal Drilling Limited Partnership #1supportingLimited partnership created to fund and execute oil and gas drilling. Raised $900,000 from subscribers to invest in oil and gas opportunities. Drilling up to two exploratory wells targeting Mannville sequence. Recovers capital from share of net operating income until payout.
- Canmet Research (Federal Government)supportingFederal government research facility in Ottawa receiving brine samples for direct lithium extraction testing alongside three private DLE technology companies.
- Stantec InccoreSelected as lead author for Pre-Feasibility Study (PFS) for the Kindersley Lithium Project in accordance with NI 43-101. Global leader in sustainable engineering, architecture, and environmental consulting with mining, minerals and metals expertise.
- Integral Wealth Securities LimitedminorEngaged for market making services on TSX Venture Exchange to maintain orderly market. Minimum three-month contract at $6,000 cash per month. Unrelated and unaffiliated entity.
- Koch Technology Solutions (KTS)coreSelected as lithium extraction technology provider for KLP following extensive DLE screening process. Li-Pro™ technology achieved 98% lithium extraction recovery and 99% rejection of unwanted ions. 1,665,354 shares issued to KTS affiliate for testing fees. KTS took equity stake representing 2.1% of pro-forma outstanding shares as vote of confidence in project.
- Hatch LtdsupportingEngaged for DLE Testwork Support & Evaluation to select preferred extraction technology. Short-listed four technologies for assessment. Technical consultant with DLE experience supported Hatch's efforts.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
Grounded Lithium competitors and assessment
Company assessmentDirect peers
- Standard Lithium: Standard Lithium is a lithium resource company applying DLE technology to Smackover Formation brines in Arkansas. Like Grounded Lithium, it is pre-revenue, pursues DLE from subsurface brines, and targets battery-grade lithium production for the North American EV supply chain.
- E3 Lithium: E3 Lithium is a Calgary-based lithium developer extracting lithium from Leduc Formation brines in Alberta using DLE. It directly parallels Grounded Lithium in brine-hosted DLE strategy, Canadian footprint, and pre-revenue development stage.
- LithiumBank Resources: LithiumBank Resources is a Western Canadian lithium brine developer focused on the Leduc and other Devonian formations in Alberta and Saskatchewan. Comparable to GLC in resource type, geographic focus, and pre-construction development stage.
- Prairie Lithium: Prairie Lithium is a Saskatchewan-based DLE-focused lithium developer working on Williston Basin brines. It is a direct geographic and technical peer to Grounded Lithium's Kindersley project.
Emerging players
- International Battery Metals: IBAT is a DLE technology and project developer commercializing modular direct lithium extraction systems. Its DLE-centric technology stack intersects with Grounded Lithium's Koch Li-Pro™ deployment strategy.
- Pure Energy Minerals: Pure Energy Minerals is a lithium brine developer advancing the Clayton Valley South project in Nevada. Comparable as a pre-revenue North American lithium brine developer with similar project-stage characteristics.
- EnergySource Minerals: EnergySource Minerals is developing the ATLiS DLE project at the Salton Sea in California with geothermal co-generation. It overlaps with GLC as a North American DLE-from-brine developer targeting battery-grade lithium production.
Broad incumbents
- Albemarle Corporation: Albemarle is the world's largest lithium producer, with diversified brine (Atacama) and hard-rock assets. It serves the same EV battery customer base as GLC and represents the incumbent competitive backdrop against which GLC's cost positioning must compete.
- Arcadium Lithium: Arcadium Lithium (formed via Livent-Allkem merger) is a major global lithium chemicals producer with brine and hard-rock assets. It is a broad incumbent comparable in end-product (lithium hydroxide) and customer base (EV/ESS battery manufacturers).
- SQM: SQM is a leading global lithium producer operating the Salar de Atacama brine asset. As a low-cost incumbent lithium hydroxide and carbonate supplier, SQM defines the cost benchmark that GLC's DLE economics must beat.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Grounded Lithium social profiles
Digital presenceGrounded Lithium financial estimates
Financial estimateRevenue estimate
Valuation estimate
Grounded Lithium leadership team
Management profileNumber of profiles
Profiles3 records
Grounded Lithium funding detail
Funding detailFunding overview
Funding rounds4 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Grounded Lithium M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Grounded Lithium
What does Grounded Lithium do?
Grounded Lithium is a publicly traded lithium resource company focused on extracting lithium from subsurface brines in Western Canada. Its primary asset, the Kindersley Lithium Project (KLP) in Southwest Saskatchewan, targets production of battery-grade lithium hydroxide monohydrate (LHM) using Direct Lithium Extraction (DLE) technology. The company also operates a secondary conventional oil and gas business in Saskatchewan to generate near-term cash flow.
Is Grounded Lithium a public or private company?
Grounded Lithium is a public company. It is classified as public and is currently operating.
When was Grounded Lithium founded?
Grounded Lithium was founded in 2021. It employs 1 to 10 people.
Where is Grounded Lithium based?
Grounded Lithium is headquartered in Calgary, Canada, in the North America region.
How does Grounded Lithium make money?
Three revenue lines are on record. Lithium Production (Future) is the primary driver. The others are oil and Gas Production and joint Venture Proceeds (Future).
Who are Grounded Lithium's main competitors?
Direct peers on record are Standard Lithium, E3 Lithium, LithiumBank Resources and Prairie Lithium. Emerging players are International Battery Metals, Pure Energy Minerals and EnergySource Minerals. Broad incumbents are Albemarle Corporation, Arcadium Lithium and SQM.
Does Grounded Lithium have an API?
No public API is recorded for Grounded Lithium.
What industry is Grounded Lithium in?
Grounded Lithium's product category is Lithium Resource Extraction. Its primary akta.pro industry code is IMAKAFAA, Lithium Mining & Brine Extraction, with a secondary code of EUAFABAA, Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite).