Grounded Lithium

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.

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

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

• Lithium brine extraction
• Battery-grade lithium
• Direct lithium extraction
• Critical minerals exploration
• Lithium hydroxide production

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. 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

Core 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

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered supporting, core and minor.

• Analogy Capital Advisors IncsupportingOthers · 30 December 2025Related 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 #1supportingChannel Partner/ Reseller/ Distributor · 30 December 2025Limited 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)supportingStrategic or Co-development Partner · 12 November 2025Federal government research facility in Ottawa receiving brine samples for direct lithium extraction testing alongside three private DLE technology companies.
• Stantec InccoreImplementation/ SI/ Consulting Partner · 4 November 2024Selected 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 LimitedminorOthers · 4 March 2024Engaged 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)coreTechnology or Integration · 25 May 2023Selected 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 LtdsupportingTechnology or Integration · 19 October 2022Engaged 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

Direct 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

• Xx.com/GroundedLithium
• Facebookfacebook.com/groundedlithium
• LinkedInlinkedin.com/company/grounded-lithium-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds4 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grounded Lithium