Grounded Lithium Corp.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Sustainability
- Profitability
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Entered the public markets via a reverse-take-over of a TSX Venture listed issuer in August 2022.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Submission of maiden preliminary economic assessment (“PEA”) on Phase 1 of the Kindersley Lithium Project (2023)
- Construction and operation of an appropriately sized field pilot (2023)
Environmental Challenges
- Substantial Capital Requirements and Liquidity
- Development of the Kindersley Lithium Project
- Property Commitments
- Exploration and Development Risks
- Operational Risks
- Construction Risks
- Environmental Risks
- Commodity Price Fluctuations
- Volatility of the Market Price of the Common Shares
- Cost Estimates
- Future Share Issuances May Affect the Market Price of the Common Shares
- Economic and Financial Market Instability
- Financing Risks
- Industry Competition and International Trade Restrictions
- Governmental Regulation and Policy
- Permitting
- Risks Related to the Cyclical Nature of the Lithium Business
- Title Claims and First Nation Rights
- Community Relations and License to Operate
- Acquisition and Integration Risks
- No Revenue and Negative Cash Flow
- Legal and Litigation
- Insurance
- Conflicts of Interest
- Time and Cost Estimates
- Consumables Availability and Costs
- Mineral Resource Uncertainties
- Lithium Demand
- Global Financial Conditions
- Analyst Coverage
- Cyber-Security Risks
Mitigation Strategies
- Seeking additional financing through equity offerings or divestment of working interest.
- Obtaining positive results from lab pilot testing and evaluations to enable field pilot plant development.
- Closely monitoring activities and employing experienced advisors for risk management.
- Employing experienced consulting, engineering, and legal advisors to assist in its risk management reviews where it is deemed necessary.
- Commitment to operating in a socially responsible manner.
- Careful investigation of rights to explore and exploit projects.
- Attempting to minimize conflicts of interest.
- Establishing a special committee of independent directors to review matters with potential conflicts.
- Utilizing cash to support business development instead of paying dividends.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed