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Denison Mines invests $15.5 million in Grounded Lithium

Kitco Media
By Michael McCrae
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Grounded Lithium (TSXV: GRD) announced today that Denison Mines invested $15.15 million in Grounded.

The payment comprises of both cash payments up to $3.15 million and funding project expenditures of up to $12 million.

Grounded is advancing its Kindersley lithium project in Saskatchewan. A preliminary economic assessment for the project showed phase one NPV after-tax of US$1.0 billion with an after-tax IRR of 48.5%.

 

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Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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