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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 ...
About this update from Grounded Lithium Corp
[{"type":"text","content":"\n \n \n \n Grounded Lithium Materially Adds to Prospective Acreage Via Completion of Agreement with National Trust\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n . FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF\n \n UNITED STATES\n \n SECURITIES LAW./\n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Sept. 7, 2022\n \n \n /CNW/ - (TSX.V: GRD) - Grounded Lithium Corp. (\"\n \n GLC\n \n \" or the \"\n \n Company\"\n \n ) is pleased to announce it successfully negotiated and executed an additional freehold mineral rights agreement with a significant landowner in the Company's core area in Southwest Saskatchewan.  A Brine Minerals Permit with National Trust Company Limited (\"\n \n National Trust\n \n \") through Computershare Trust Company of\n \n Canada\n \n acting as their agent (the \"\n \n National Trust Permit\n \n \") was executed on\n \n September 6, 2022\n \n . Similar to the brine minerals permit that the Company executed with PrairieSky Royalty Ltd (\"\n \n PrairieSky\n \n \") earlier in the year (the \"\n \n PSK Permit\n \n \"), the National Trust Permit extends the Company total landholdings by 34 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 Kindersley Lithium Project (\"\n \n KLP\n \n \"). Resource 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.\n \n \n \n \n \n \n \n \n \n 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 transa...