# Grounded Lithium Reports 2023 Year End Financial and Operating Results Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/grounded-lithium-reports-2023-year-end-financial-and-operating-results--78995519-6dff-4ab4-9858-8c23eb9e709e Original source: https://money.tmx.com/en/quote/GRD/news/6043263526274872/grounded-lithium-reports-2023-year-end-financial-and-operating-results Publisher: tmx Original announcement: 2024-04-24T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Grounded Lithium Corp. - Ticker: GRD - Exchange: TSX - Region: Saskatchewan - Primary commodity: Lithium - Secondary commodities: None reported - Document categories: Resource update, Other - Extracted: 2026-09-16 03:24:00 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Grounded Lithium Corp. reported its 2023 year-end financial results, noting a net comprehensive loss for the period. Operationally, the company highlighted a resource upgrade to Measured and Indicated categories and strong economics from its maiden Preliminary Economic Assessment for the Kindersley Lithium Project. Reasoning: The company reported year-end financial results showing losses, but offset this with significant operational progress including a resource category upgrade and strong PEA economics for the Kindersley Lithium Project. - Positive factor: Resource upgrade to M&I - Positive factor: Strong PEA economics \(48.5% IRR\) - Positive factor: Strategic partnership with Denison Mines - Positive factor: High recovery rates \(98%\) from pilot technology selection - Negative factor: Net comprehensive loss - Negative factor: Working capital deficit Facts used in scoring: 6 ## Classification and evidence **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: The company announced an upgrade of 24% of its total inferred LCE resource to Measured and Indicated. Evidence · text > announced an upgrade on 24% of our total inferred LCE resource to a combination of Measured mineral resource and Indicated mineral resource \(" M&I "\) **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The document mentions the results of the KLP's maiden preliminary economic assessment. Evidence · text > announced the results of the KLP's maiden preliminary economic assessment \(" PEA "\) ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Resource Estimates (6) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/grounded-lithium-reports-2023-year-end-financial-and-operating-results--78995519-6dff-4ab4-9858-8c23eb9e709e#fact-resource-facts-0) #### Identity - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: GRD #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:c5b9a505bd1fc243c402 #### Resource Data - Category: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-04-24T00:00:00.000Z Reasoning: Acquisition of 33 sections increased the total inferred LCE resource to 4.2 million tonnes. - Positive factor: Expansion of resource base via acquisition Evidence · text > total inferred lithium carbonate equivalent \(" LCE "\) resources to 4.2 million tonnes #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/grounded-lithium-reports-2023-year-end-financial-and-operating-results--78995519-6dff-4ab4-9858-8c23eb9e709e#fact-resource-facts-1) #### Identity - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: GRD #### Resource scope - Reporting standards: ni\_43\_101 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-04-24T00:00:00.000Z Reasoning: Koch Technology Solutions' Li-Pro technology yielded 98% recovery rates during screening. - Positive factor: High recovery rate from selected technology Evidence · text > 98% lithium extraction recovery rates #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/grounded-lithium-reports-2023-year-end-financial-and-operating-results--78995519-6dff-4ab4-9858-8c23eb9e709e#fact-resource-facts-2) #### Identity - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: GRD #### Resource scope - Reporting standards: ni\_43\_101 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-04-24T00:00:00.000Z Reasoning: The maiden PEA for KLP shows a very high after-tax IRR of 48.5%. - Positive factor: Strong project economics Evidence · text > after-tax internal rate of return \(" IRR "\) of 48.5% #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### Fact 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/grounded-lithium-reports-2023-year-end-financial-and-operating-results--78995519-6dff-4ab4-9858-8c23eb9e709e#fact-resource-facts-3) #### Identity - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: GRD #### Resource scope - Reporting standards: ni\_43\_101 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-04-24T00:00:00.000Z Reasoning: The project NPV8 is reported at US$1.0 billion. - Positive factor: High project valuation Evidence · text > after-tax net present value, discounted at 8% \(" NPV 8 "\), of US$1.0 billion #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/grounded-lithium-reports-2023-year-end-financial-and-operating-results--78995519-6dff-4ab4-9858-8c23eb9e709e#fact-resource-facts-4) #### Identity - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: GRD #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:ee5b2de69e9945c94b1d #### Resource Data - Category: indicated #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-04-24T00:00:00.000Z Reasoning: The company holds ~1.0 Mt of M&I LCE resource. - Positive factor: Established M&I resource base Evidence · text > approximately 1.0 million metric tonnes of Measured & Indicated lithium carbonate equivalent mineral resource #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/grounded-lithium-reports-2023-year-end-financial-and-operating-results--78995519-6dff-4ab4-9858-8c23eb9e709e#fact-resource-facts-5) #### Identity - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: GRD #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:c5b9a505bd1fc243c402 #### Resource Data - Category: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-04-24T00:00:00.000Z Reasoning: The company holds ~3.2 Mt of Inferred LCE resource. - Positive factor: Significant inferred resource base Evidence · text > approximately 3.2 million metric tonnes of Inferred lithium carbonate equivalent resource #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.