Developing a World-Class Lithium Resource in Canada.
Frontier Lithium is an emerging lithium mineral and chemicals company focused on the development of its 100%-owned PAK Lithium Project in Ontario. With increased ‘local’ supply chain desires around the world the Company's objective is to become a strategic domestic supplier. The company is aiming to produce battery-grade lithium hydroxide and other chemicals to the growing electric vehicle and energy storage markets in North America as well as premium mineral concentrates supplier for high quality glass manufacturers.
Frontier maintains the largest land position and resource in a new premium lithium mineral district located in Ontario’s Great Lakes region. The region is advantaged by favourable geology, proven metallurgy with access to intermodal hubs, infrastructure, power, and mining along with downstream lithium processing expertise for auto OEM's future Li-Ion battery requirements. Frontier aims to complete final permitting, metallurgical test work and definitive feasibility in 2023 to construct and mine, mill and downstream chemical plant to produce lithium chemicals by 2025. Frontier and its technology partner XPS (a Glencore Company) is currently piloting lithium chemicals (hydroxide) production technology in the province.
The PAK Lithium Project encompasses 26,774 hectares at the south end of Ontario's Electric Avenue, the largest land package hosting lithium bearing pegmatites in Ontario. The Project covers 65 km of the Avenue length and remains largely unexplored; however, since 2013 the company has delineated two premium spodumene bearing lithium deposits located 2.3 km from each other at the southwestern end of the project. Recently, Frontier confirmed the presence of spodumene with the Bolt pegmatite, between PAK and Spark deposits and the Pennock Lake pegmatite occurrence a further 30 km along the Project. Frontier's premier Great Lakes location is advantaged by favorable geology, proven metallurgy with access to intermodal hubs, infrastructure, power, and mining along with downstream lithium processing expertise and auto OEM's.
The PAK deposit has a mineral reserve in the proven and probable categories of 5.77 MT averaging 2.06% Li2O and hosts a rare technical/ceramic grade spodumene with low inherent iron (below 0.1% Fe2O3). The Spark Deposit has a mineral resource estimate of 3.2 MT averaging 1.59% Li2O (indicated) and 12.2 MT averaging 1.36% Li2O (inferred), as per the NI 43-101 Technical Report, "PAK prefeasibility study, Spark resource estimation" by WSP Canada Inc. and Nordmin Engineering Ltd., updated on March 23, 2020.
Now Trading on the OTCQB
SUDBURY, ON, Feb. 5, 2021 /CNW/ - Frontier Lithium Inc. (TSXV: FL) (OTCQB: LITOF) (FSE: HL2) ("Frontier" or "the Company") is pleased to announce that its common shares are now trading on the OTCQB Venture Market (the "OTCQB"), a US trading platform that is operated by the OTC Markets Group in New York. The Company trades on the OTCQB under the symbol "LITOF"; the Company's common shares will continue to trade on the TSX Venture Exchange under the symbol "FL".
"Listing on the OTCQB is part of a long-term strategy to introduce the Company to a broader North American audience," said Trevor Walker, President and CEO of Frontier. "We believe the timing is prime given the U.S.-Canada Joint Action Plan on Critical Minerals Collaboration. With a limited number of high-quality primary lithium resource opportunities, and particularly those in top North American mining jurisdictions, we are confident this new uplisting will improve our visibility, trading volumes and liquidity as we continue to introduce Frontier Lithium (LITOF) to new investors in the U.S."
The OTCQB Venture Market is the premier marketplace for entrepreneurial and development stage U.S. and international companies that are committed to providing a high-quality trading and information experience for their US investors. By meeting and maintaining the stricter eligibility requirements of the OTCQB listing, Frontier Lithium benefits from the potential to further enhance trading volumes through an expansion of investment advisers' ability to recommend investments to their U.S. clients.
Why Frontier Lithium Belongs in Your Portfolio
Great Asset - North America's highest-grade, large tonnage hard-rock lithium resource in the form of a rare low-iron spodumene. In development stage with two deposits and significant exploration upside in the
Great Lakes region.
The Right Team - Management and directors with approximately 30% ownership and decades of experience in resource extraction, refining and capital markets. A strategic technology partnership with XPS, a Glencore company, developing a lithium chemicals production process.
Growing Market - The Electric Vehicles lithium demand is expected to grow 10-fold this decade and it is in short supply of North American production. Post Covid policy related stimulus efforts supporting Northern US and Southern Ontario auto OEM manufacturers, are further charging the EV adoption rate.
Frontier Lithium News
FEB 22, 2021 Frontier Lithium Hires Lithium Expert Dr. Naizhen Cao as Vice President of Technology
FEB 18, 2021 Sudbury Lithium Company Talks of Great Lakes Port-side Processing Plant
FEB 16, 2021 Frontier Lithium PEA Demonstrates Attractive 27% IRR Pre-Tax for Lithium Chemical Production in North America's Great Lakes Region
FEB 05, 2021, 08:36 ET - Frontier Lithium Uplists In U.S. To OTCQB Venture Market
JAN 21, 2021, 13:00 ET - Frontier Lithium Announces Phase IX Diamond Drill program on the PAK Lithium Project
JAN 07, 2021, 14:45 ET - Frontier Lithium Commences Operation of Lithium Hydroxide Mini-Pilot Plant