Frontier Announces Exercise of Warrants for Proceeds of $912,000
General Office
2736 Belisle Drive
Val Caron, ON P3N 1B3
T. 705.897.7622
F. 705.897.7618
Frontier Announces Exercise of Warrants for Proceeds of $912,000
Sudbury, Ontario –February 1, 2017 – Frontier Lithium Inc. (TSX.V: FL) Frontier (the “Company”), is
pleased to announce that a total of 3,144,444 common share purchase warrants (the “Warrants”) have been
exercised at a price of $.29 per common share, for aggregate proceeds to FL of $911,889.
The exercise of these Warrants represent a strong vote of confidence by investors as 100% of the total
Warrants (3,144,444) have been exercised. Furthermore, 53% of the exercise was from insiders of the
company. Proceeds from the exercised warrants will be used to advance exploration of Frontier’s 100%
owned PAK Lithium Project located in northwestern Ontario.
Media Requests
Joseph Mansourian
Manager, Communications & Branding
Investor Relations
2736 Belisle Drive
Val Caron, ON.
P3N 1B3 CANADA
T. +001 705.618.0070
F. +001 705.897.761
About Frontier Lithium Inc.
Frontier’s goal is to become a low-cost, fully integrated lithium and tantalum producer through
development of the PAK lithium deposit in Ontario, Canada. Frontier maintains a tight share structure with
management ownership exceeding 30% of the Company. CAD $4 million of exploration work has been
conducted from 2013 to 2016 on the deposit which boasts its lithium in a rare, high-purity, low-iron
spodumene. The Company has adopted a staged growth approach to exploration and development in
order to avoid unnecessary share dilution – a strategic imperative for the Company. The initial target
market is the ceramic/glass industry which consumes roughly one-third of global lithium supply and is
currently faced with monopolistic conditions, coupled with major lithium producers increasingly directing
output toward supporting battery manufacture.
Ceramic/glass customers prefer to source technical-grade (low-iron) spodumene concentrate in excess of
7% lithium oxide (Li2O), if available, to avoid inferior lower grade petalite concentrates, or paying much
higher prices for battery grade lithium compounds that require chemical plants costing hundreds of
millions of dollars.
1 of 2
General Office
2736 Belisle Drive
Val Caron, ON P3N 1B3
T. 705.897.7622
F. 705.897.7618
The PAK lithium deposit remains open in all directions and Company Management believes the resource
can be developed into a world-class operation. Once production of lithium concentrates are established
from Frontier, the possible second stage of investment and longer term prospect is to further process
some of PAK’s output to produce the higher purity lithium compounds required for lithium battery
technologies used in the electrification of transportation and electric grid storage applications.
Frontier has a total of 128,063,069 commons shares issues and outstanding. For more information please
visit www.frontierlithium.com
About the PAK Lithium Project
The PAK Lithium Project lies close to the boundary between two geological sub-provinces of the western
Superior geologic province in northwestern Ontario and hosts a rare metals pegmatite deposit. The deposit is
an LCT (lithium- cesium- tantalum) type pegmatite. These types of pegmatites have been the principal source
of hard rock lithium, tantalum, rubidium and cesium ores mined in the world but there are comparatively few
commercially-viable deposits.
Frontier is actively exploring its 100% owned project which contains the Pakeagama Lake pegmatite. The PAK
deposit is one of the highest grade lithium mineral resources in North America which has a current Measured
and Indicated Resource of 7.89 million tonnes of 1.73% Li2O equivalent (eq.) and Inferred Resource of
295,600 tonnes of 1.35% Li2O eq. which has a technical/ceramic grade spodumene with low inherent iron
(below 0.1% Fe2O3). The deposit has adjacent zones that are enriched in tantalum and rubidium. Frontier is
also evaluating the phased co-production of tantalum and mica-product concentrates once lithium mineral
production has been commercialized.
The deposit now has a known 500m strike length with an estimated true width varying from 10m to 125m with
a sub-vertical orientation. The resource remains open to depth and along strike to the northwest and southeast.
- End -