Strong Financial Position Q3 2023 Highlights:
- Strong financial position with a cash balance of approximately $15.5 million
- Received $2 million government funding via a grant from the Northern Ontario Heritage Fund Corporation to advance lithium chemicals research.
- Awarded contract to commence and complete a Definitive Feasibility Study (Phase I) that will advance development of the mine and mill at the PAK Project
- Exploration drilling further extended and proved the potential of the Bolt pegmatite, Pennock dyke and Spark deposit.
Outlook: Frontier remains committed to its phased development approach outlined in its Pre-Feasibility Study ("PFS") and advanced through the DFS. The Company's focus on becoming a strategic supplier of premium lithium products aligns with the growing demand in electric vehicle and energy storage markets. The ongoing DFS will provide detailed insights into the project's next stages.
Pretty rough ride at the moment......but it will be worth the wait!