Grounded Lithium Materially Adds to Prospective Acreage Via Completion of Agreement with National Trust
Grounded Lithium Materially Adds to Prospective
Acreage Via Completion of Agreement with National
Trust
NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY
CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.
CALGARY, ALBERTA ( September 7, 2022) (TSX.V: GRD) - Grounded Lithium Corp. ( "GLC" or the
"Company") is pleased to announce it successfully negotiated and executed a n additional freehold
mineral rights agreement w ith a significant landowner in the Company’s core area in Southwest
Saskatchewan. A Brine Minerals Permit with National Trust Company Limited (“ National Trust ”)
through Computershare Trust Company of Canada acting as their agent (the “National Trust Permit ”)
was executed on September 6, 2022. Similar to the brine minerals permit that the Company executed
with PrairieSky Royalty Ltd (“PrairieSky”) earlier in the year (the “ PSK Permit ”), the National Trust
Permit extends the Company total landholdings by 3 4 sections (8,838 ha’s) bringing total prospective
Company landholdings to approximately 284 sections (73, 259 ha’s). Acreage associated with the
National Trust Permit will be included in the Company’s Kinders ley Lithium Project (“ KLP”). R esource
estimates on these additional lands will be included in future resource assessment reports pursuant to
the provisions under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Commercial terms associated with the National Trust Permit mirror those negotiated under the PSK
Permit whereby the Company remitted a bonus and first year rental payment to National Trust at
closing. Work commitments to earn all lands under National Trust Permit are equally consistent with
similar freehold land transactions. The Company remains confident that all prospective lands under the
National Trust Permit will be earned.
The significant freehold mineral permit with PrairieSky executed earlier in the year secured 18 0 sections
or 46,580 hectares of lithium prospective acreage for the Company. Th e PSK Permit lands represent a
significant portion of the lands which are included in the Company’s KLP. PrairieSky is one of the largest
mineral rights companies in Western Canada with a present market capitalization of over $4 billion. The
permit executed with PrairieSky represents a n innovative transaction for metallic brines in Western
Canada and one that both the Company and PrairieSky are proud of in terms of building the battery
supply chain upstream industry.
“As part of our previously communicated vision and associated strategy, we intend to aggressively grow
our landholdings in areas we believe honour our geological criteria which support commercial lithium
from brine operations ,” remarked Gregg Smith, President and Chief Executive Officer . “We are
comforted that so many landowners in our core area are excited to work with us to strike mutually
beneficial agreement s, and ultimately drive further value creation for the benefit of all GLC
stakeholders.”
About Grounded Lithium Corp.
GLC is a publicly traded lithium brine exploration and development company that controls 2.9 million
tonnes of lithium carbonate equivalent over its focused land holdings in Southwest Saskatchewan.
GLC’s multi-faceted business model involves the continuation of consolidation of its opportunity base
while in parallel, commence de lineation operations of the lithium brine potential across its current
mineral rights position , all towards the vision of building a best -in-class, environmentally responsible,
Canadian lithium producer supporting the global energy transition shift.
For more information, please contact:
Gregg Smith, President & CEO Greg Phaneuf, VP Finance & CFO
[email protected] [email protected]
Phone: 587.319.6220
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 an d 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 a nd expectations will prove to be correct.
Such statements include, but are not limited to, statements regarding earning prospective lands under
the National Trust Permit, plans to grow landholdings, the ability to drive value creation for stakeholders
and the vision of becoming a best -in-class, environmentally responsible, Canadian lithium producer
supporting the global energy transition shift.
Among the important factors that could cause actual results to differ materially from those indicated by
such forward-looking statements are: GLC’s expectation that its 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 its products; geographic and weather conditions can impact the
production; the risk that current global economic and credit conditions may impact commodity pr ices
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 avail ability 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.
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.