Frontier Lithium Announces C$15 Million Bought Deal Prospectus Offering
FRONTIER LITHIUM ANNOUNCES C$15 MILLION BOUGHT DEAL PROSPECTUS OFFERING
Not for distribution to U.S. news wire services or dissemination in the United States.
Greater Sudbury, Ontario (April 8, 2026) – Frontier Lithium Inc. (TSXV: FL) (OTC: LITOF) (“Frontier” or the
“Company”) has announced today that it has entered into an agreement with a syndicate of underwriters
led by BMO Capital Markets (collectively the “Underwriters”), under which the Underwriters have agreed
to buy on a bought deal basis 20,000,000 units (the “Units”), at a price of C$0.75 per Unit for gross proceeds
of approximately C$15 million (the “Offering”). The offering is expected to close on or about April 22, 2026
and is subject to Frontier receiving all necessary regulatory approvals , including approvals from the TSX
Venture Exchange.
Each Unit will be comprised of one common share of the Company (a " Common Share") and half of one
Common Share purchase warrant (each whole warrant, a " Warrant"). Each Warrant shall be exercisable
to acquire one Common Share (a "Warrant Share") at a price of C$1.00 per Warrant Share for a period of
two years from the closing of the Offering.
The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30
days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-
allotments, if any. Securities sold on ex ercise of the over-allotment option may be comprised of additional
Units, Common Shares, Warrants or any combination thereof.
The net proceeds of the Offering will be used for advancing the PAK Lithium Project. These funds will
support the completion of an updated mine and mill technical report, facilitate activities related to
government-funded or cost-shared infrastructure initiatives, permitting, advancement of Lithium Conversion
Study and cover general administrative as well as corporate expenses.
The Units will be offered by way of a short form prospectus in all of the provinces of Canada (except
Quebec) and may also be offered in the United States or to, or for the account or benefit of, U.S. persons,
by way of private placement pursuant to the exemptions from the registration requirements provided for
under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”); and in jurisdictions
outside of Canada and the United States on a private placement or equivalent basis, in each case in
accordance with all applicable laws, provided that no prospectus, registration statement or other similar
document is required to be filed in such jurisdiction.
The securities offered have not been registered under the U.S. Securities Act , as amended, and may not
be offered or sold in the United States absent registration or an applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful.
ON BEHALF OF THE BOARD OF DIRECTORS
Trevor Walker, President & CEO
About Frontier Lithium
Frontier Lithium Inc. is a pre- production mining company with an objective to become a strategic and
integrated supplier of premium spodumene concentrates as well as battery -grade lithium salts to the
growing electric vehicle, and energy storage markets in North America. The Company's PAK Lithium Project
maintains the largest land position and resource in a premium lithium mineral district located in Ontario's
Great Lakes region.
About the PAK Lithium Project
The PAK Lithium Project is a fully integrated critical minerals initiative in Ontario, developing a high- grade,
large scale lithium resource. Operated as a joint venture between Frontier (92.5%) and Mitsubishi
Corporation (7.5%), the project is advancing in parallel with a mine and mill, north of Red Lake, Ontario and
a downstream lithium conversion facility in Thunder Bay, Ontario, which are both key to supporting a secure
domestic lithium supply for the clean energy transition. A 2025 Mine and Mill Feasib ility Study (FS),
prepared by DRA Global Limited and entitled National Instrument 43-101 Technical Report FS PAK Lithium
Project, Mine and Mill, outlines a 31- year Project life with an after -tax net present value of $932 million at
an 8% discount rate and an after-tax internal rate of return of 17.9%.These results have been disclosed in
the Company's press release dated May 28, 2025, and the accompanying technical report was filed on
SEDAR+ (www.sedarplus.ca) on July 9, 2025.
Company Contact Information
Bora Ugurgel
Senior Manager, Investor Relations
2614 Belisle Drive, Val Caron
Greater Sudbury, Ontario
P3N 1B3 CANADA
T. +001 705.897.7622
F. +001 705.897.7618
Forward-Looking Statements
This release includes certain statements that may be deemed "forward-looking statements". All
statements in this release, other than statements of historical facts are forward-looking
statements. Examples of certain forward looking statements relate to closing of the Offering, use of
proceeds of the Offering and the receipt of all necessary approvals. Although the Company believes the
expectations expressed in such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors that could cause actual results to differ
materially from those in forward looking statements include market prices, exploitation and exploration
successes, continued availability of capital and financing, and general economic, market or business
conditions. Investors are cautioned that any such statements are not guarantees of future performance
and those actual results or developments may differ materially from those projected in the forward-looking
statements. For more information on the Company, Investors should review the Company's registered
filings available at www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.