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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 Margin321on Aug 24, 2024 8:08am
285 Views
Post# 36194499

Quarter report. Frontier in good spot.

Quarter report. Frontier in good spot. Frontier now has  $30 million in the bank.. And it is really important that Mitsubishi is heavily involved. CRE has a project similar to ours (not quite as good) with no logistical problems and it is at a more advanced stage. CRE could start building a mine tomorrow and they could be ready to sell into a higher demand higher price future for llitium that could come in two years. But they are having an extremely hard time putting the financing together. Mitsubishi not only psid 25 million for 7% of PAK JV but their next investment to 25% will be based not on the then current  share price but on the valuation  of the project in a feasibility  study. That is something other small lithium companies do  not have. And the great news on the bridge and all seaon road makes the PAK projrlect much eeaier. 
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