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News  ›  Benzinga

Grounded Lithium Announces Non-Core Acquisition of Oil and Gas Rights

Benzinga Logo Benzinga By Prnewswire
Grounded Lithium Announces Non-Core Acquisition of Oil and Gas Rights

Grounded Lithium Corp. has entered into a definitive agreement to acquire a 30% minority interest in oil and gas mineral rights in Saskatchewan for approximately $25,000. The company will farm out its combined 60% interest (with a third party) to a newly created limited partnership that raised $900,000. The acquisition is intended to supplement cash flow and working capital for the company's primary lithium project while leveraging internal oil and gas expertise. Operations are anticipated to commence early in 2026.

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Denison is mentioned as a partner in the Kindersley Lithium Project but is not directly affected by this oil and gas acquisition announcement. The mention is contextual only.