Slide 1: Corporate Presentation June 2023
Corporate Presentation June 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 and Macro Backdrop
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: Capitalization
Capitalization| TSX.V – GRD | OTCQB: GRDAF Clean balance sheet with capital structure conducive for growth and returns for all shareholders Capitalization (as at May 31'23) GLC Ownership TSXV: GRD - Share Price $ 0.21 14% W W W G R O U N D E D L I T H I U M . C O M Outstanding Common Shares (shrs mi
Slide 5: Macro Tailwinds Abound for the Critical Mineral Industry
Macro Tailwinds Abound for the Critical Mineral Industry Largely an EV Driven Story but Other Factors at Play (ie. energy storage, military, etc) • To meet the world’s demand, massive amounts of capital need to be brought to the mining sector, in W W W G R O U N D E D L I T H I U M . C O M particula
Slide 6: 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 7: Lithium from Brine – Asset 'Playbook'
Lithium from Brine – Asset ‘Playbook’ What Should an Investor Look for in Lithium From Brine (“LFB”) Operations CONSIDERATION FACTORS GROUNDED FACTS GLC 1. Brine volume 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. Areal extent 2. 70 to 82 mg/litre (74
Slide 8: Progressing on All Fronts
Progressing on All Fronts Goal: Multiple 10,000 tonne/year LCE Projects. First phase by 2026 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 SASKATCHEWAN'S UNT
Slide 9: 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 10: 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 11: GLC Project Area: Leduc Formation / Duperow
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 projects 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 functi
Slide 14: Commercial Production - Li Concentrations With Strong Deliverability
Commercial Production - Li Concentrations With Strong Deliverability Predicted Short Horizontal Well Performance Relative to Common ranges of Productivity Vertical Brine Producers in Leduc/Duperow 100,000 Well Production Tonnes/Year LCE at 74 mg/litre 10 Year Production Forecast Annual LCE per well
Slide 15: 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 40,000 multiple 10,000 tonne/yr phases • Grounded will continue to add to 30,000 Tonnes/yr portfol
Slide 16: 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 17: 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 18: 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 DEVELOPING SASKATCHEWAN'S UNTAPPED LITHIUM RESOURCES 18
Slide 19: DLE Technology – Moving Forward with Koch
DLE Technology – Moving Forward with Koch Field Pilot Now Next Milestone Koch Next Steps ➢ Proposal to provide the Li-ProTM technology in a staged field pilot program to determine longer-term results W W W G R O U N D E D L I T H I U M . C O M ➢ Proposal from Koch to prepare a full-scale feasibility
Slide 20: 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 20
Slide 21: 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 22: 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 22
Slide 23: 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 24: Recent Corporate Activity – Big and Small
Recent Corporate Activity – Big and Small Market Comp Livent – Allkem US$10.6B merger Cash & shrs Combined company becomes 5th largest lithium producer W W W G R O U N D E D L I T H I U M . C O M 100% PL shrs in the world • Proforma revenue of US$1.9B; adjusted EBITDA of US$1.2B • Deal metrics: • Fo
Slide 25: Why Invest
Why Invest Robust Value Proposition to Investors • Provide critical exposure to the global energy- Measured strategy designed to transition shift achieve operational wins and • Quality resource – potential for one or more successes, while minimizing dilution W W W G R O U N D E D L I T H I U M . C O
Slide 26: Appendix
W W W G R O U N D E D L I T H I U M . C O M APPENDIX 26
Slide 27: Lithium to Remain Dominant Metal in Battery Chemistry
Lithium to Remain Dominant Metal in Battery Chemistry Especially in the EV Market due to light molecular weight, charge capacity, safety, etc W W W G R O U N D E D L I T H I U M . C O M There is a reason why Tesla, GM, etc are ‘driving’ down to the upstream source. High input costs either squeeze ma