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 > Cash On hand - FL

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Comment by Raff007on Nov 30, 2022 12:44pm

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Post# 35140159

RE:Cash On hand - FL

Business Objectives and Milestones

The business objective that the Company expects to accomplish using the net proceeds of the Offering, in the manner described above, following delivery of the positive PFS, is to fund Phase 1 of the DFS (technical grade concentrate production) and some key programs that support a Phase 2 DFS (battery grade lithium chemicals production).

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