CALGARY, AB, April 24, 2024 /PRNewswire/ - (TSXV:GRD) (OTCQB:GRDAF) - Grounded Lithium Corp. ("GLC" or the "Company") announces our financial and operating results for the three and twelve month period ended December 31, 2023.  Selected financial and operational information is set out below and should be read in conjunction with the Company's December 31, 2023 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. 2023 Financial and Operational Highlights On March 16th, we closed a strategic tuck-in acquisition of 33 sections (8,498 hectares) of lithium resource lands contiguous to existing acreage and important in the development of the early phases of the Kindersley Lithium Project ("KLP").  The tuck-in raised total inferred lithium carbonate equivalent ("LCE") resources to 4.2 million tonnes; On May 25th, we announced the selection of Koch Technology Solutions' Li-ProTM direct lithium extraction technology as the solution of choice for the KLP for the upcoming field pilot.  This culminated an extensive process of screening all available choices in this area.  Based on the brine chemistry associated with the KLP, the Li-ProTM yielded the most encouraging results with 98% lithium extraction recovery rates and 99% rejection rates of unwanted ions; On July 26th, we announced the results of the KLP's maiden preliminary economic assessment ("PEA").  The PEA results represent some of the leading economics in the lithium from brine industry in North America, with an after-tax internal rate of return ("IRR") of 48.5% and an after-tax net present value, discounted at 8% ("NPV8"), of US$1.0 billion, all based on a realized sales price of US$25,000/tonne.  Given the low operating and capital expense items of the KLP, the economics are resilient to sales price variability which at current prices the IRR and NPV8 for the KLP remains positive at 27% and US$406 million, respectively; On Sept 25th, we closed on an up-sized non-brokered unit private placement for $765,000, of which a significant percentage came from insiders of the Company.  Proceeds have been used to meet ongoing corporate commitments; On Oct 24th, we announced an upgrade on 24% of our total inferred LCE resource to a combination of Measured mineral resource and Indicated mineral resource ("M&I"), providing a higher degree of certainty on the resource base.  This upgrade centered around the location of the initial first two phases of the KLP.  Upgrade of resources to M&I represents a significant step in the preparation of certain project feasibility studies; While not an event during the fiscal 2023 period, we executed a series of agreements with Denison Mines Corp ("Denison") on January 15, 2024 wherein Denison has the option to become a majority working interest owner in the KLP by funding project expenditures, in addition to cash payments directly to GLC, over three distinct phases.  Denison is a well-capitalized Saskatchewan focused uranium development company.  The agreements with Denison provide for the potential of significant development of the KLP without the need for GLC to dilute interests either at the asset or corporate level Financial Results (CAD$, except per share amounts and common shares outstanding) Three Months Ended December 31, Twelve Months Ended ...