Grounded Lithium Reports 2025 Year End Results and Oil and Gas Operations Update

Grounded Lithium Corp. reported its 2025 year-end financial and operating results, highlighting significant progress across both its core lithium development activities and newly acquired oil and gas operations. The company continued advancing the Kindersley Lithium Project in partnership with Denison Mines Corp., with the next major milestone being completion and filing of a pre-feasibility study expected during summer 2026. The PFS will incorporate detailed operational, technical and financial assessments that will serve as the foundation for advancing the KLP toward commercial development.

On the oil and gas front, Grounded Lithium successfully executed its diversification strategy by drilling, completing and equipping two initial oil wells through a third-party partnership announced in January 2026. Both wells were drilled from a single pad to minimize capital costs, with operations completed efficiently and initial production and testing commencing in late March. The company expects the oil operations to generate meaningful cash flows that will enhance working capital reserves while shortening payout timelines.

President and CEO Gregg Smith emphasized how the company's resource extraction expertise is enabling it to supplement liquidity through oil operations while maintaining focus on delivering a commercially viable battery-grade lithium project. The successful initial production from the oil wells has encouraged management to plan additional drilling programs. This dual-commodity approach positions Grounded Lithium to generate near-term cash flows from oil operations while advancing its primary lithium development thesis in Saskatchewan's prolific brine district.

The company's lithium assets include approximately 1.0 million metric tonnes of Measured & Indicated lithium carbonate equivalent resources and 3.2 million metric tonnes of Inferred resources. Under its agreement with Denison, the partner can earn up to 75% working interest by funding up to $15.15 million in cash payments and project expenditures. With both commodity operations now active, Grounded Lithium is well-positioned to capitalize on the energy transition while building financial strength through diversified resource extraction activities.