08:05 AM EDT, 08/21/2024 (MT Newswires) -- Grounded Lithium ( GRDAF ) , which owns the Kindersley lithium project in Saskatchewan, said on Wednesday that its net comprehensive loss narrowed in the second quarter.

The company booked a net comprehensive loss of $241,823, or nil per share, narrowing from a net comprehensive loss of $944,463, or $0.01 per share.

Capital expenditures were nil compared to $7,210. The company said its capital expenditures for the six months ended June 30 included the first cash payment from Denison Mines ( DNN ) which was recorded as a reduction of the exploration and evaluation asset balance.

Funds flow used in operations fell to $108,213 from $684,960.