Grounded Lithium Corp (OTCMKTS:GRDAF) Stock On Radar After Recent News

On Thursday, Grounded Lithium Corp (OTCMKTS:GRDAF) made a major new announcement with regards to its lithium extraction process. The company announced that its direct lithium extraction selection process had ended with a positive conclusion, as had been previously communicated by the company.

Trading Data

On Thursday, GRDAF stock soared 1.31% to $0.1700 with 92.03K shares, compared to its average volume 184.85K shares. The stock moved within a range of $0.1600 – 0.1743 after opening trade at $0.1684.

Grounded Lithium Selects Koch Technology Solutions as Lithium Extraction Provider

The company noted that it went with the highly encouraging lab results with regards to the chemistry of the lithium brine extracted from the Kindersley Lithium Project. Subsequently, it engaged the services of Koch Technology Solutions and Li-Pro, its proprietary technology as the choice for implementing its upcoming field pilot. The company announced that the observed lithium extraction recovery rates from the Kindersley Lithium Project had an average of as much as 98% over a number of phases.

Additionally, it was also revealed that the process technology also rejected most of the other key ions that had been found in the brine deposits and the observed rejection rate stood at as much as 99%. Grounded Lithium had been approached by Koch Technology Solutions for the purpose of deploying the Li-Pro technology for the next stage of the evaluation initiative. That process is expected to go on for many months.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.