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Frontier Lithium Inc V.FL

Alternate Symbol(s):  LITOF

Frontier Lithium Inc. is engaged in the acquisition, exploration and development of lithium mineral properties in Ontario, Canada. The Company is engaged in a pre-production business with a focus to be a strategic and integrated domestic supplier of spodumene concentrates for industrial users as well as battery-grade lithium hydroxide and other chemicals to the electric vehicle and energy storage markets in North America. The Company’s flagship asset, PAK Lithium Project, located about 175 kilometers (km) north of Red Lake, Ontario in the Red Lake Mining District and encompasses close to 27,000 hectares (ha). It also has two other spodumene-bearing discoveries, such as the Bolt pegmatite, which is located between the PAK and Spark deposits, as well as the Pennock pegmatite, located 25 km northwest of the PAK deposit within the project claims. Its lithium products include spodumene concentrate and lithium hydroxide monohydrate.


TSXV:FL - Post by User

Post by Raff007on Jun 01, 2022 2:13pm
181 Views
Post# 34724039

Equities Market Correction - Lithium Fundamentals Strong

Equities Market Correction - Lithium Fundamentals Strong·         Lithium Sector Sell-Off:  The ASX-listed lithium stocks were under pressure overnight with PLS -22%, AKE -15%, IGO -12%, LTR -19%, LKE -13%, following the sell off in the North American-listed names yesterday with SLI -7%, LAC -15%, and SGML down 15.3% (see comp table below).  The move lower came on the back of a competitor broker report, released earlier this week, claimed although the long-term prospects for the battery metals remains strong due to the rapid uptake of electric vehicles (EVs), investor enthusiasm has led to an oversupply.   This is not the case, according to Canaccord Genuity Australian mining analyst Reg Spencer.  “That oversupply in the market that Goldman Sachs is referring to is in lithium production from China lepidolite sources which is lower grade, difficult to process and more expensive to process in comparison to spodumene,” he said in a press article released overnight.  “I’ve been covering this sector for seven years and I can tell you supply always disappoints, especially from unconventional sources such as lepidolite that Goldman Sachs is referring to in their research report.  “Lithium projects are always behind schedule, always, and to say that the world’s supply issues are going to be resolved in three years from unconventional resources, which means higher costs to produce and extract…I think is wrong.”  While we are in an environment where there are more uncertain factors at play, Spencer says this is not a prolonged downturn.  “It’s ridiculous, two months ago the market didn’t care about what was going to happen in 2023 but it is because of this report and reports by others including Credit Suisse, that everyone seems to be panicking and selling their shares.  “But it is important to note that all we have seen so far is a fall in equities.  “This is an equities market correction, if you have a look at the fundamentals of the lithium industry, they are still very strong.”

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