Frontier Lithium Inc V.FL

Alternate Symbol(s): LITOF

Metals & Mining Industrial Metals & Minerals

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

Frontier Lithium Inc > $23 Million Closes - Goldman/RBC Joint Bookrunners

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Post by lithomonon Nov 14, 2022 6:52am

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Post# 35095866

$23 Million Closes - Goldman/RBC Joint Bookrunners

Was massively tied up for a few weeks meeting tight deadlines and Covid recovery, and noticed Frontier closed on the $23-million. A good shot in the arm to move ahead with Lithium mini-plant.
The Lithium price is right at approximately US $83,000 per tonne.

Likely one of Frontier's largest financings in recent years.

Is it time to start thinking about the next capital raise of $40-million on 4 million subscription shares?

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