Grounded Lithium Reports First Quarter 2026 Financial and Operating Results

About this update from Grounded Lithium Corp

CALGARY, AB, May 13, 2026 /CNW/ - (TSXV: GRD) (OTC: GRDAF) - Grounded Lithium Corp. ("GLC" or the "Company") announces our financial and operating results for the three-month period ended March 31, 2026.  Selected financial and operational information is set out below and should be read in conjunction with the Company's March 31, 2026 financial statements and the related management's discussion and analysis, which are available for review at www.sedarplus.ca or the Company's website at www.groundedlithium.com. First Quarter 2026 Financial and Operational Highlights During the quarter, the Company diversified its resource portfolio by completing a series of transactions that will provide a working interest in low-risk, shallow decline, oil producing properties.  The series of transactions involved first a purchase of a mineral interest from a related party, which was subsequently farmed-out with other third-party working interests in the same properties to a newly created specific purpose vehicle, which funded the capital expenditures for the combined working interest (the "Properties").  Post payout of the capital expenditures, the Company will earn a 13.5% working interest of the net operating income from wells drilled on the Properties, thereby supporting working capital requirements for the Company.  Financial Results (CAD$, except per share amounts and common shares outstanding)                   Three Months Ended March 31,     2026 2025 FINANCIAL RESULTS       Net comprehensive income (loss)   (63,993) 30,392 Per share - basic and diluted   - -         Cash flow from (used in) operating activities    (22,326) 43,063 Per share - basic and diluted   - -         Funds flow from (used in) operations   (26,001) 60,186 Per share - basic and diluted   - -         Capital expenditures       Capital expenditures (dispositions)   1,360 -         Liquidity       Working capital surplus (deficit)   (29,774) 175,083         Common shares outstanding       Weighted average - basic and diluted   79,678,438 78,371,294 Outstanding, end of period   80,479,727 79,660,227 About G...

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