Slide 1: Corporate Presentation August 2023
Corporate Presentation August 2023 W W W G R O U N D E D L I T H I U M . C O M ` DEFINING OUR PATH TO COMMERCIAL CANADIAN LITHIUM PRODUCTION www.groundedlithium.com | TSX.V: GRD.V | OTCQB: GRDAF
Slide 2: Disclaimer
Disclaimer This presentation material contains forward-looking statements and forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. The opinions
Slide 3: Corporate Vision
Macro backdrop – North American battery supply chain Corporate Vision: industry rapidly expanding to Build a Best-in-Class, Environmentally Responsible, compete globally. Provides Canadian Lithium Producer strong sustained tailwinds W W W G R O U N D E D L I T H I U M . C O M Proven resource develop
Slide 4: Lithium from Brine (LFB) – Commercial 'Playbook'
Lithium from Brine (LFB) – Commercial ‘Playbook’ Key Attributes Investors Should Consider in LFB Development ATTRIBUTES FACTORS GROUNDED FACTS GLC 1. 220 million bbls/section W W W G R O U N D E D L I T H I U M . C O M Rock and Resource 2. 70 to 82 mg/litre (74 mg/litre in report) Quality Lithium +
Slide 5: Grounded PEA – Technical & Economic Vision
Grounded PEA – Technical & Economic Vision Robust Project Economics – 11,000 tonne/yr lithium hydroxide monohydrate (“LHM”) Phase 1 Total Capital = USD$335 Million W W W G R O U N D E D L I T H I U M . C O M NPV(AT) 8% USD$1.0 Billion IRR(AT) 48.5% Capital Intensity per installed tonne capacity/yr U
Slide 6: Lithium from Brine – Torque to Investment: Compelling IRRs
Lithium from Brine (LFB) – Torque to Investment Compelling IRR’s relative to Industry Peers • Grounded’s -20% downside case exceeds 1 2 our peer’s stated base W W W G R O U N D E D L I T H I U M . C O M 5 case IRR’s. Enterprise Value (Millions of CDN$) • Project protected with economic resilience in
Slide 7: Lithium from Brine – Torque to Investment: Capital Efficiencies
Lithium from Brine (LFB) – Torque to Investment Compelling Capital Efficiencies with Industry Peers • Grounded’s PI ratio at -%20 sensitivity compares favourably W W W G R O U N D E D L I T H I U M . C O M 1 2 with peers at higher 5 pricing Enterprise Value (Millions of CDN$) • Project remains viabl
Slide 8: Preliminary Economic Assessment Conclusion – Rerate not reflected in share price
Preliminary Economic Assessment Conclusion – Rerate not reflected in share price • PEA’s provide a 3rd party independent corroboration of the economic viability of a project W W W G R O U N D E D L I T H I U M . C O M • In Grounded’s case, PEA ranks among the highest results to date for project econ
Slide 9: Capitalization | TSX.V – GRD | OTCQB: GRDAF
Capitalization| TSX.V – GRD | OTCQB: GRDAF Clean balance sheet with capital structure conducive for growth and returns for all shareholders 0.60 3,500,000 Capitalization (as at July 24'23) GLC Ownership TSXV: GRD - Share Price $ 0.15 3,000,000 14% 0.50 Outstanding Common Shares (shrs millions ) 69.7
Slide 10: Balancing Battery Supply Chain to North America
Balancing Battery Supply Chain to North America US & Canada (public & private sectors) eyeing battery industry expansion • GLC’s vision anticipates providing feedstock to manufactures in the lithium battery supply chain (e.g., anode/cathode manufacturers, ultimate customer of batteries such as an au
Slide 11: GLC Project Area – The Leduc Formation
GLC Project Area The Leduc Formation / AKA the Duperow in Saskatchewan Leduc formation: extensively dolomitized ancient carbonate complex that spans 100s km2 and is over 200 m thick Southern Alberta & Saskatchewan has massive shallow W W W G R O U N D E D L I T H I U M . C O M water carbonate reserv
Slide 12: Robust Resource Potential
Robust Resource Potential Proven Deliverability & Low-Cost Development Compelling Geology • High lithium concentration tests confirm mechanics for trapping • Large brine volumes, from thick porous reservoir with W W W G R O U N D E D L I T H I U M . C O M extensive areal extent • Concentration/grade
Slide 13: GLC Project Area – Kindersley Lithium Project
GLC Project Area Kindersley Lithium Project (”KLP”) - Inferred Resource1 – 4.2 million tonnes LCE ➢ Sufficient acreage for multiple phases GLC 1St Test Well ➢ Flexibility at this point to produce either lithium (2nd Lithium Well in Sask) AB SASK MB carbonate or lithium hydroxide – will be a function
Slide 14: Deliverability per Well is Mission Critical
Deliverability per Well is Mission Critical Project economic and/or commercial hurdles require deliverability Analysis – how many wells are needed to GRD @ 19,500 bblds/day and 74 mg/litre maintain 11,000 tpa of = 450 tonnes LHM annually per well battery grade lithium (ie. LHM) production at W W W G
Slide 15: Grade is only half the equation…
KLP Predicted Well Deliverability Grade is only half the equation… Critical Factors for Successful Predicted Short Horizontal Well Performance Relative to Vertical Brine Producers in Commercial Production 100,000 Leduc/Duperow 1. Brine Deliverability From High W W W G R O U N D E D L I T H I U M . C
Slide 16: KLP Production Forecast
KLP Production Forecast Multi-stage build-out minimizes risk on several fronts Future Phases Kindersley Lithium Project • Sufficient land holdings to support W W W G R O U N D E D L I T H I U M . C O M 44,000 multiple 11,000 tonne/yr phases LHM • Grounded continues to add to portfolio 33,000 where o
Slide 17: Tier 1 Operating Jurisdiction to Build Business
-Tier 1 Operating Jurisdiction to Build Business Saskatchewan Chose GLC, We Did Not Chose Saskatchewan! Resource Potential Lead GLC Efforts Saskatchewan ranked 3rd in the world for Easy access to infrastructure and services including: investment attractiveness in the Fraser Institute’s • High graded
Slide 18: ESG & Lithium from Brine
ESG & Lithium from Brine DLE delivers improved social and environmental license Environmentally Friendly Current Lithium Sources • Much lower environmental impact (less land disturbance, minimal water consumption and Large Environmental Footprint W W W G R O U N D E D L I T H I U M . C O M emissions
Slide 19: Direct Lithium Extraction - DLE
Direct Lithium Extraction - DLE Deploy capital to resource development, not R&D DLE: Key to Future of Clean Energy in Western Canada • Applies innovative process to Western Canada’s tremendous lithium resource potential while W W W G R O U N D E D L I T H I U M . C O M leveraging oil & gas expertise
Slide 20: DLE – Noteworthy Industry Progression/Advancement
DLE – Noteworthy Industry Progression/Advancement Grounded – Fast Follower at Cheaper Metric! W W W G R O U N D E D L I T H I U M . C O M Standard Lithium Announces Positive Preliminary Feasibility Study Results for Its South West Arkansas Project “Our team has also been hard at work at our Demonstr
Slide 21: Direct Lithium Extraction Technology
Direct Lithium Extraction Technology Potential Game Changer in Battery Supply Chain Industry DLE - Koch Technology Koch Technologies Solutions (Current Status) ➢ Sorption and Ion-exchange based technology (Li-ProTM) ➢ Grounded working with Koch to finalize pilot ➢ Would be first of its kind in Canad
Slide 22: Operational Milestones and Objectives
OPERATIONAL MILESTONES AND OBJECTIVES FINANCING PROJECT FUNDING DEBT & EQUITY POTENTIAL OFFTAKE GOVERNMENT PRE-FID DISCUSSIONS FUNDING FINANCING & AGREEMENT(S) LEGEND IC COMPLETED INMATIVES IME GICTBC (INFRASTRUCTURE & FACILITIES) GC TBC (WELLS & PIPELINES) 1M PROJECT MILESTONES (AV POTENTIAL VALUAT
Slide 23: Operational Milestones and Objectives
OPERATIONAL MILESTONES Grounded "Lithium Corp AND OBJECTIVES FINANCING TIMING 2026 PROJECT FUNDING DEBT & EQUITY 2025 POTENTIAL OFFTAKE GOVERNMENT PREFID Discussions FUNDING NN 2024 FINANCING & AGREEMENT(S) PRE-FEASABILITY STUDY NEW DRILIS Fist PILOT 2023 LEGEND PRELIMINARY ECONOMIC ASSESSMENT (PEA)
Slide 24: Operational Milestones and Objectives
OPERATIONAL MILESTONES Grounded "Lithium Corp AND OBJECTIVES FINANCING TIMING 2026 PROJECT FUNDING DEBT & EQUITY NM 2025 FEASABILITY STUDY POTENTIAL OFFTAKE GOVERNMENT ADDITIONAL DRILLING PRE-FID Discussions FUNDING NN 2024 FINANCING & AGREEMENT(S) hea’ WELL LICENSING PRE-FEASABILITY STUDY NEW DRILL
Slide 25: Operational Milestones and Objectives
OPERATIONAL MILESTONES AND OBJECTIVES FINANCING PROJECT FUNDING DEBT & EQUITY OFFTAKE PRE-FID DISCUSSIONS FINANCING. & AGREEMENT(S) LEGEND IC COMPLETED INMATIVES IME GICTBC (INFRASTRUCTURE & FACILITIES) GC TBC (WELLS & PIPELINES) 1M PROJECT MILESTONES AV POTENTIAL VALUATION RE-RATE (PROJECT DE-RISKI
Slide 26: Lithium from Brine Developer Comparables
Lithium from Brine Developer Comparables Grounded is extremely inexpensive to market peers – compelling entry point COMP SHEET LITHIUM FROM BRINE DEVELOPERS W W W G R O U N D E D L I T H I U M . C O M Primary Traded Market TSXV TSXV TSXV CSE TSXV ASX Stock Symbol GRD ETL LBNK EMPS SLI LKE Jurisdicti
Slide 27: Why Invest
Why Invest Robust Value Proposition to Investors • Provides critical exposure to the global energy- transition shift Measured strategy designed to achieve operational wins and • Quality resource in quality rock in the least successes, while minimizing dilution W W W G R O U N D E D L I T H I U M . C
Slide 28: Appendix
W W W G R O U N D E D L I T H I U M . C O M APPENDIX 28
Slide 29: Progressing on All Fronts
Progressing on All Fronts Goal: Multiple 11,000 tonne/year LHM Projects. First phase by late 2026/early 2027 2023 2023 - Complete PEA + Initiate Field Pilot W W W G R O U N D E D L I T H I U M . C O M 2022 2021 PEA: Preliminary Economic Assessment 2020 LCE: Lithium Carbonate Equivalent DEVELOPING SA
Slide 30: Relative Stock Performance to Select Peers
Relative Stock Performance to Select Peers Grounded is less expensive – potential rebound when market improves? W W W G R O U N D E D L I T H I U M . C O M DEVELOPING SASKATCHEWAN'S UNTAPPED LITHIUM RESOURCES 30
Slide 31: PEA Support References
PEA Support References The economic analysis of the PEA is based on the following main assumptions: • realized sales price of USD $25,000 per tonne of LHM; • annual production of 11,000 tonnes per year of LHM; • commerciality of KTS’ Li-ProTM lithium extraction technology; W W W G R O U N D E D L I
Slide 32: Leadership Team – We Build
Leadership Team – We Build Disciplined resource development professionals with history of economic success Over 35 years combined technical and managerial Over 28 years of combined experience in finance and Gregg Smith Greg Phaneuf W W W G R O U N D E D L I T H I U M . C O M experience leadership di
Slide 33: Board of Directors & Advisors
Board of Directors & Advisors Wisdom and expertise to guide management and steward shareholder interests Board Member Experience Chair Other Committees John Wright Chairman of GLC, Mr. Wright also serves as the Chairman of two resource Board, development companies in the oil and gas sector (Touchsto
Slide 34: Building Blocks to PEA
Building Blocks to PEA GLC following step-wise plan to unlock value Near-Term W W W G R O U N D E D L I T H I U M . C O M Catalysts • Filing of PEA • Initial steps to design, permitting and construction of field demonstration facility DEVELOPING SASKATCHEWAN'S UNTAPPED LITHIUM RESOURCES 34
Slide 35: Lithium from Brine – Low Cost & Sustainable
Lithium from Brine – Low Cost & Sustainable W W W G R O U N D E D L I T H I U M . C O M Lithium from brines dominate low end of the cost curve DEVELOPING SASKATCHEWAN'S UNTAPPED LITHIUM RESOURCES 35