Grounded Lithium Corp (GRD) Financials
TSXV: GRD · Lithium · Advanced Exploration stage
- Market cap$1.6M
- Share price$0.020
- 52-week range$0.020 – $0.125
- Shares outstanding80,479,726
- ExchangeTSXV
- Websitegroundedlithium.com
GLC is a publicly traded lithium brine exploration and development company that controls approximately 1 million metric tonnes of Measured & Indicated lithium carbonate equivalent mineral resource and approximately 3.2 million metric tonnes of Inferred lithium carbonate equivalent resource over our focused land holdings in Southwest Saskatchewan as per the Company's updated PEA. The updated PEA, titled ' NI 43-101 Technical Report: Preliminary Economic Assessment Kindersley Lithium Project - Phase 1 Update ' dated November 7, 2023 and effective as of June 30, 2023, reports a Phase 1 NPV 8 after-tax of US$1 billion with an after-tax IRR of 48.5%. GLC's multi-faceted business model involves the consolidation, delineation, exploitation and ultimately development of our opportunity base to fulfill our vision to build a best-in-class, environmentally responsible, Canadian lithium producer supporting the global energy transition shift.
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Grounded Lithium Corp financial statements
Key figures read from 39 of 39 financial statement filings, Jan 11, 2017 to Aug 19, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$41,050 | C$144,971 | C$193,009 | C$658,016 | C$2,328,235 |
| Short-term investments | C$100,000 | C$100,000 | C$0 | C$2,250,000 | — |
| Total current assets | C$244,262 | C$821,811 | C$406,900 | C$3,393,052 | C$2,335,481 |
| Total current liabilities | C$306,666 | C$741,086 | C$474,443 | C$805,816 | C$144,856 |
| Working capital | (C$62,404) | C$80,725 | (C$67,543) | C$2,587,236 | C$2,190,625 |
| Exploration and evaluation assets | C$2,090,679 | C$2,081,249 | C$2,881,800 | C$2,461,365 | C$159,492 |
| Property, plant and equipment | C$0 | C$10,803 | C$21,605 | C$32,408 | — |
| Total assets | C$2,334,941 | C$2,913,863 | C$3,357,611 | C$6,028,743 | C$2,494,973 |
| Total liabilities | C$314,307 | C$763,885 | C$483,045 | C$870,671 | C$144,856 |
| Shareholders' equity | C$2,020,634 | C$2,149,978 | C$2,874,566 | C$5,158,072 | C$2,350,117 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$122,557 | C$223,528 | C$384,952 | C$190,995 | C$436 |
| Share-based compensation | C$156,212 | C$502,190 | C$887,472 | C$312,098 | C$53,999 |
| Impairments and write-downs | C$18,123 | C$0 | C$31,255 | — | — |
| Net income (loss) | (C$302,543) | (C$1,073,898) | (C$4,187,227) | (C$6,978,543) | (C$376,610) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$78,737) | (C$720,313) | (C$3,057,030) | (C$3,834,198) | (C$185,001) |
| Investing cash flow | (C$23,471) | C$730,434 | C$1,941,410 | (C$4,476,073) | (C$159,492) |
| Financing cash flow | C$0 | (C$57,392) | C$651,465 | C$6,665,432 | C$2,672,728 |
| Exploration spending (capitalized) | (C$28,511) | (C$800,000) | (C$201,846) | (C$2,293,446) | (C$159,492) |
| Change in cash | (C$102,208) | (C$47,271) | (C$464,155) | (C$1,644,839) | C$2,328,235 |
| Cash at end of period | C$69,762 | C$171,970 | C$219,241 | C$683,396 | C$2,328,235 |
No financings are on record for Grounded Lithium Corp yet.