Grounded Lithium Corp. (V:GRD)
Business Focus: Specialty Mining & Metals (NEC)
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | 500, 400 -5th Ave SW CALGARY AB T2P 0L6 |
| Tel: | N/A |
| Website: | https://groundedlithium.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Grounded Lithium Corp. is a Canada-based lithium brine exploration and development company. The Company is focused on supplying lithium to the developing electricity-powered economy. The Company's wholly owned and operated Kindersley Lithium Project (KLP) is located within the province of Saskatchewan in Canada. The Project encompasses approximately 77,478 hectares. The Company also owns approximately 33 sections (8,498 hectares) of undeveloped land in the Kindersley area. The Company controls approximately 1.0 million metric tons of measured and indicated lithium carbonate equivalent mineral resource and approximately 3.2 million metric tons of Inferred lithium carbonate equivalent resource over its focused land holdings in Southwest Saskatchewan. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Grounded Lithium Corp revenues decreased 16% to C$16K. Net loss decreased 40% to C$4.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Public listing fee decrease from C$2.8M (expense) to C$0K, Professional fees decrease of 45% to C$465K (expense), Financing fees decrease from C$314K (expense) to C$0K. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $4.15M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.02M as of Dec 31, 2023 |
| EBITDA (TTM): | -$4.04M as of Dec 31, 2023 |
| Net annual income (TTM): | -$4.19M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$3.26M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 78,279,227 as of Mar 20, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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