CALGARY, AB, May 22, 2024 /CNW/ - (TSXV:GRD) (OTCQB:GRDAF) - Grounded Lithium Corp. ("GLC" or the "Company") announces our financial and operating results for the three month period ended March 31, 2024.  Selected financial and operational information is set out below and should be read in conjunction with the Company's March 31, 2024 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 2024 Financial and Operational Highlights On January 16, 2024, the Company announced the entering of a series of agreements with Denison Mines Corp (TSX:DML, NYSE:DNN) ("Denison"), highlighted by the Earn-In Agreement (the "Agreement").  The Agreement is expected to provide more than sufficient funding for a field pilot (the "Pilot") for the KLP which both the Company and Denison (collectively, the "Parties") plan to advance on a priority basis.  Beyond the Pilot, Denison may also provide further capital during the earn-in period to fund other activities as necessary to drive the overall KLP value such as further technical evaluations and studies, drilling, sampling and expenditures to maintain the KLP lands in good standing. (CAD$, except per share amounts and common shares outstanding) Three Months Ended March 31, 2024 2023 FINANCIAL RESULTS Net comprehensive loss 507,607 1,682,288 Per share - basic and diluted