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Grounded Lithium Announces Various Corporate Matters
Grounded Lithium Announces Various Corporate Matters Canada NewsWire CALGAR...
About this update from Grounded Lithium Corp
[{"type":"text","content":"\n \n \n \n Grounded Lithium Announces Various Corporate Matters\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n March 4, 2024\n \n \n /CNW/ - (TSXV: GRD) (OTCQB: GRDAF) – Grounded Lithium Corp. (\"\n \n GLC\n \n \" or the \"\n \n Company\n \n \") announces a number of corporate matters today.\n \n \n \n \n \n \n \n \n \n \n Shares for Services/Debt\n \n \n \n The Company engaged Koch Technologies Solutions (\"\n \n KTS\n \n \") a number of months ago to perform certain treatability studies on the Company's brine resources. This was performed with exceptional results and largely moved GLC to select KTS as our chosen extraction technology solution. The fees associated with this testing have been agreed to by Company and officials at KTS to be satisfied with Class A common shares (\"\n \n Common Shares\n \n \") of the Company. A total of 1,665,354 common shares, representing 2.1% of the pro-forma outstanding Common Shares will be issued to an affiliate of KTS. These shares will be subject to a four-month statutory hold period.\n \n \n \"We are very pleased that KTS decided to take a small equity stake in the Company,\" commented\n \n Gregg Smith\n \n , President & CEO. \"KTS remains a pivotal partner in achieving our vision to become an environmentally friendly producer of battery grade lithium, now potentially with the significant assistance from Denison Mines Corp. Koch's decision is a vote of confidence in the flow sheet that we have put forward and we look forward to working more extensively with them on the Kindersley Lithium Project.\"\n \n \n \n Market Support Agreement\n \n \n \n The Company re-engaged Integral Wealth Securities Limited (\"\n \n Integral\n \n \") to assist in certain market making services. All previous agreements on this subject are terminated. Integral will provide these services for trading on the TSX Venture Exchange (\"\n \n TSXV\n \n \") in accordance with the TSXV policies, for the purpose of maintaining an orderly mark...