Grounded Lithium reports strong oil well production averaging 120 barrels/day, boosting revenue potential.

Grounded Lithium Corp. announced that its two oil wells drilled from a single pad produced an average of over 120 barrels per day in April, with production expected to rise before a shallow decline. At current prices, the company anticipates a realized sales price above CAD$90 per barrel and expects payout within six months, increasing its net operating income share significantly. The company also announced its Annual General Meeting on June 17, 2026, and granted stock options to incentivize personnel. This diversification into oil and gas supports Grounded Lithium's broader strategy to enhance revenue streams alongside its lithium projects in Saskatchewan.