Hub City Lithium Corp. (HCL) has closed the sale of 33 sections (8,498 hectares) of undeveloped land in the Kindersley area to Grounded Lithium Corp. (GLC).

As consideration for the sale, HCL received $175,000 in cash and 779,557 GLC common shares (Shares) based on the 10- day volume-weighted average trading price of the Shares on the TSXV Venture Exchange as of the closing date. The Shares are subject to a contractual escrow, to be released in equal 1/3 tranches on the 4, 8, and 12-month anniversaries from closing.