Frontier Lithium Announces Resignation of CFO
FRONTIER LITHIUM ANNOUNCES
RESIGNATION OF CFO
SUDBURY, ON
,
April 18, 2023
/CNW/ - Frontier Lithium Inc. (TSXV: FL) (FRA: HL2) (OTCQX:
LITOF) ("Frontier" or "the Company") today announced that Mr.
Tony Zheng
, who has served as
CFO, will be leaving the Company due to personal reasons effective
April 27, 2023
.
Frontier has appointed Mr.
John Didone
, a long-time member of its Board of Directors, as the Acting
Chief Financial Officer. Mr. Zheng will provide advisory services for a period of time to support Mr.
Didone and ensure a smooth transition. Mr. Didone will hold this position until a replacement has
been appointed.
Trevor Walker
, Chief Executive Officer, said, "On behalf of the Company, I would like to thank Tony
for his short but impactful service as CFO and wish him all the best going forward."
Mr. Didone was a Partner at SRWC LLP, Chartered Professional Accountants based out of
Sudbury, Canada
. He has been with the firm since 1980 and over this time has gained considerable
insight of business affairs, in particular his demonstrated experience offering professional advice on
the expansion of national companies. Mr. Didone is in familiar with Frontier's strategic goals, staged
growth strategy and has experience working with mining and construction sectors. He graduated
from
Laurentian University's
Commerce program earning an H.B.Com and maintains designations
and/or certifications as a CPA, CA, CMA.
About Frontier Lithium
Frontier Lithium is a preproduction business with an objective to become a strategic domestic
supplier of spodumene concentrates for industrial users as well as battery-grade lithium hydroxide
and other chemicals to the growing electric vehicle and energy storage markets in
North America
.
The Company maintains the largest land position and resource in a premium lithium mineral district
located in
Ontario's
Great Lakes region.
About PAK Lithium Project
The PAK lithium project contains one of
North America's
highest-grade lithium resources. The project
encompasses close to 27,000 hectares and remains largely unexplored; however, since 2013, the
company has delineated two premium spodumene-bearing lithium deposits (PAK and Spark),
located 2.3 kilometres apart. Exploration is continuing on the project through two other spodumene-
bearing discoveries: the Bolt pegmatite (located between the PAK and Spark deposits), as well as
the Pennock pegmatite (25 kilometres northwest of PAK deposit within the project claims). A 2021
preliminary economic assessment (National Instrument 43-101 technical report titled "NI 43-101
Technical Report, Pak Property, PAK, Red Lake Mining District,
Ontario, Canada
" by BBA E&C Inc.,
with an effective date of
April 5, 2021
) delivered a fully integrated lithium operation, including the
mine and mill and the conversion plant for production of battery-quality lithium salts.
Forward-looking Statements
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. This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of historical facts, that address
future production, reserve potential, exploration drilling, exploitation activities and events or
developments that the Company expects are forward-looking statements. 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
sedar.com
.
SOURCE
Frontier Lithium Inc.
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For further information:
Company Contact Information: Bora Ugurgel, Manager, Investor
Relations, 2736 Belisle Drive Val Caron, ON. P3N 1B3 CANADA, T. +001 705.897.7622, F. +001
705.897.7618
CO: Frontier Lithium Inc.
CNW 07:30e 18-APR-23