# Grounded Lithium Reports 2024 Year End Financial and Operating Results with President's Message Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/grounded-lithium-reports-2024-year-end-financial-and-operating-results-with-pres--0cc02baf-0880-4d85-add2-48df8bab5827 Original source: https://money.tmx.com/en/quote/GRD/news/4619373546714771/grounded-lithium-reports-2024-year-end-financial-and-operating-results-with-pres Publisher: tmx Original announcement: 2025-04-17T11:00:00.000Z 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 03:18:51 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary Grounded Lithium Corp. reported its 2024 year-end financial results, highlighting a significant reduction in net comprehensive loss compared to 2023. The company is progressing the Kindersley Lithium Project toward a Pre-Feasibility Study \(PFS\) through a partnership with Denison Mines. Reasoning: The company reports year-end financial results showing improved loss profiles and progress toward a PFS via a strategic earn-in agreement, alongside restating existing resource figures. - Positive factor: significant net loss reduction year-over-year - Positive factor: strategic partnership with Denison Mines to fund PFS - Positive factor: existence of substantial lithium resource - Negative factor: continued net losses - Negative factor: cash flow used in operating activities Facts used in scoring: 2 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document restates the company's existing lithium resource figures from a previous PEA. Evidence · text > as per the Company's updated PEA. The updated PEA... dated November 7, 2023 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The company reports a significant portion of its resource is in the Inferred category. Evidence · text > approximately 3.2 million metric tonnes of Inferred lithium carbonate equivalent resource ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/grounded-lithium-reports-2024-year-end-financial-and-operating-results-with-pres--0cc02baf-0880-4d85-add2-48df8bab5827#fact-resource-facts-0) lithium Historical result Needs review: historical\_restatement #### Identity - Commodity: lithium - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: GRD #### Resource scope - Estimate type: resource - Resource group id: resource:6303cb366788dba94ce3 #### Resource Data - Category: indicated - Tonnes: 1000000 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-11-07T00:00:00.000Z #### Dates - Event date: 2025-04-17T00:00:00.000Z Reasoning: Restatement of M&I resource from the November 2023 PEA. 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 **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 **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. 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-2024-year-end-financial-and-operating-results-with-pres--0cc02baf-0880-4d85-add2-48df8bab5827#fact-resource-facts-1) lithium Historical result Needs review: historical\_restatement #### Identity - Commodity: lithium - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: GRD #### Resource scope - Estimate type: resource - Resource group id: resource:8acb1e90ac388cf8c9c0 #### Resource Data - Category: inferred - Tonnes: 3200000 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-11-07T00:00:00.000Z #### Dates - Event date: 2025-04-17T00:00:00.000Z Reasoning: Restatement of Inferred resource from the November 2023 PEA. 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 **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 **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. 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.