Grounded Lithium Announces Filing of Inaugural Annual Information Form and Preliminary Base Shelf Prospectus
Grounded Lithium Announces Filing of Inaugural Annual Information Form
and Preliminary Base Shelf Prospectus
CALGARY, AB
,
May 4, 2023
/CNW/ - (TSXV: GRD) (OTCQB: GRDAF) - Grounded Lithium Corp. ("
GLC
" or the "
Company"
) announces that it filed its inaugural
annual information form ("
AIF
") for the year ended
December 31, 2022
on the System for Electronic Analysis and Retrieval ("
SEDAR
"). An electronic copy of the
AIF may be obtained on the Company's website at
www.groundedlithium.com
or on the Company's SEDAR profile at
www.sedar.com
.
The filing of the Company's AIF is in conjunction with the concurrent filing of the Company's Preliminary Short Form Base Shelf Prospectus dated
May 4, 2023
with the
British Columbia
,
Alberta
,
Saskatchewan
,
Manitoba
and
Ontario
securities regulatory authorities (the "
Regulatory Authorities
"). Assuming a receipt for
the Final Short Form Base Shelf Prospectus (the "
Final Shelf
") is obtained from the Regulatory Authorities, the Final Shelf is expected to support longer term
fundraising efforts to achieve our forecasted goal of commercial production in H2 2026. The Final Shelf, once filed, can remain in place for a period of 25 months
and securities issued under it will be free of resale restrictions.
About Grounded Lithium Corp.
GLC is a publicly traded lithium brine exploration and development company that controls approximately 4.2 million metric tons of lithium carbonate equivalent of
inferred resource over our focused land holdings in Southwest Saskatchewan. GLC's multi-faceted business model involves the consolidation, delineation,
exploitation and ultimately development of our opportunity base to fulfill our vision to build a best-in-class, environmentally responsible, Canadian lithium producer
supporting the global energy transition shift. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on
https://www.otcmarkets.com/
.
Qualified Person
Scientific and technical information contained in this press release has been prepared under the supervision of
Doug Ashton
, P.Eng,
Suryanarayana Karri
, P.
Geoph.,
Alexey Romanov
, P. Geo. and
Meghan Klein
, P. Eng., each of whom is a qualified person within the meaning of National Instrument 43-101 –
Standards
of Disclosure for Mineral Projects
.
Forward-Looking Statements
This press release may contain forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws. The
opinions, forecasts, projections and statements about future events of results, are forward looking information, forward-looking statements or financial outlooks
(collectively, "
forward-looking statements
") under the meaning of applicable Canadian securities laws. These statements are made as of the date of this press
release and the fact that this press release remains available does not constitute a representation by GLC that the Company believes these forward-looking
statements continue to be true as of any subsequent date. Although GLC believes that the assumptions underlying, and expectations reflected in, these forward-
looking statements are reasonable, it can give no assurance that these assumptions and expectations will prove to be correct. Such statements include, but are
not limited to, statements regarding the Final Shelf aiding the Company in future fundraising efforts, obtaining a receipt for the Final Shelf from the Regulatory
Authorities, anticipated commercial operations, the free-trading status of securities issued under the Final Shelf and GLC's vision of becoming a best-in-class,
environmentally responsible, Canadian lithium producer supporting the global energy transition.
Among the important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those indicated by such forward-looking
statements are: GLC's expectation that our operations will be in
Western Canada
, unexpected problems can arise due to technical difficulties and operational
difficulties which impact the production, transport or sale of our products; geographic and weather conditions can impact the production; the risk that current
global economic and credit conditions may impact commodity prices and consumption more than GLC currently predicts; the failure to obtain financing on
reasonable terms; the risk that unexpected delays and difficulties in developing currently owned properties may occur; the failure of drilling to result in commercial
projects; unexpected delays due to the limited availability of drilling equipment and personnel; and the other risk factors detailed from time to time in GLC's
periodic reports. GLC's forward-looking statements are expressly qualified in their entirety by this cautionary statement. Readers should not place undue reliance
on forward-looking information. The Company does not undertake to update any forward-looking information contained herein except as required by securities
laws.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
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SOURCE
Grounded Lithium Corp
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%SEDAR: 00005156E
For further information:
Gregg Smith, President & CEO, [email protected]; Greg Phaneuf, SVP, Corporate Development & CFO,
[email protected] | Phone:
587.319.6220
CO: Grounded Lithium Corp
CNW 18:00e 04-MAY-23