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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 tickerhiton Dec 09, 2023 11:05am
333 Views
Post# 35776216

Frontier Lithium Initiated at Market Perform at

Frontier Lithium Initiated at Market Perform at
 BMO Capital Markets; No Price Target Given
2023-12-08 11:28:29 AM ET (MT Newswires)
   
   

11:28 AM EST, 12/08/2023 (MT Newswires) -- BMO Capital Markets on Friday initiated coverage of Frontier Lithium (FL.V) with a market-perform rating but no price target.

"We are initiating coverage of Frontier Lithium with a Market Perform rating. Frontier is differentiated from peers by its high-grade resource and plans to develop an integrated mine-to-chemicals operation to produce spodumene concentrate and battery grade products in Ontario, Canada. However, development capital requirements are significant relative to Frontier's current scale, which could present challenges in an environment where capital can be scarce for large-scale greenfield projects. As such, we remain on the sidelines, awaiting further clarity on funding plans," analyst Greg Jones wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 0.72, Change: -0.01, Percent Change: -1.37


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