Frontier Lithium Highlights Recent Developments, Results FOR the Six
FRONTIER LITHIUM HIGHLIGHTS RECENT
DEVELOPMENTS, RESULTS FOR THE SIX
MONTHS ENDED SEPTEMBER 30, 2025 AND
AGM RESULTS
SUDBURY, ON
,
Nov. 27, 2025
/CNW/ - Frontier Lithium Inc. (TSXV: FL) (FRA: HL2) (OTCQX:
LITOF) ("Frontier" or the "Company") is pleased to announce its financial results for the six month
period ended
September 30, 2025
, and highlights from this interim period are set out below. The
financial statements and the related management's discussion and analysis for the period ended
September 30, 2025
have been filed on SEDAR+ and can be viewed under the Company's profile
at
www.sedarplus.ca
and on the Company's website at
www.frontierlithium.com
.
The Company continues to advance its PAK lithium project (the "
PAK Lithium Project
" or "
Project
")
and assess the viability of constructing and operating a fully-integrated lithium mine and chemicals
processing facility to deliver battery-grade lithium carbonate and lithium hydroxide for the burgeoning
lithium-ion battery market in North America.
Highlights for the Quarter Ended September 30, 2025, and Recent Developments
Financial
As at
September 30, 2025
, the Company had cash and cash equivalents of
$14.9 million
, supported
in part by the receipt of
$909,000
in reimbursement from government funding programs and an
additional
$634,000
in proceeds from the exercise of stock options. This liquidity positions the
Company to meet its current corporate and administrative requirements while advancing key
development and strategic objectives.
Exploration and Development
There has been no drilling on the PAK Lithium Project since
September 2024
. A full record of drilling
results from Phase I through Phase XIV (2013–2024) are available in the NI 43-101 Technical
Report filed on
July 9, 2025
by the Company.
The Company continues environmental baseline studies and related technical work required to
advance project permitting.
On
July 9, 2025
, the Company published the Mine and Mill Feasibility Study ("
Mine and
Mill FS
")
dated effective
May 28, 2025
. The Mine and Mill FS outlines a standalone operation producing
200,000 tonnes per year of 6% lithium oxide
("Li
O
") spodumene concentrate ("
SC6
"), reporting a
post-tax net present value of
$932 million
(8% discount rate) and a post-tax internal rate of return of
17.9%. The Mine and Mill FS incorporates updated mineral resources, a chemical grade lithium
concentrate (CG SC6) price assumption of
US$1,475
per tonne, and a USD/CAD exchange rate of
1.37.
The Mine and Mill FS considers a 31-year mine life supported by reserves at both the PAK and
Spark deposit, with grades of 1.96% Li
O and 1.44% Li
O respectively and demonstrates a
competitive C1 cost of
$602
per tonne of concentrate sold.
The Company has also initiated the Lithium Conversion Facility Feasibility Study ("
Lithium
Conversion Facility FS"),
led by Fluor Canada Ltd., with completion expected in the first half of
2027.
Permitting, Government and Regulatory
In
October 2025
, the Company was selected as the first participant in
Ontario's
One Project, One
Process ("
1P1P
") Framework Guidance initiative. The program is intended to streamline and
modernize provincial permitting, improving coordination among ministries and Indigenous partners
and enabling more efficient review timelines for advanced mineral projects.
Frontier is also pleased to recently report the findings of an independent socioeconomic impact
study completed by Ernst & Young LLP (EY) for the Company's proposed integrated mine, mill, and
conversion facility in
Northwestern Ontario
. The study underscores the transformative economic
contribution of the PAK Lithium Project to the region and to
Canada's
broader Critical Minerals
Strategy, highlighting its importance within the G7 Critical Minerals Production Alliance. EY's analysis
estimates that construction of the Company's mine, mill, and conversion facility would generate
approximately $1.5 billion in gross domestic product ("
GDP
"), $124 million in tax revenues,
and 2,163 full-time equivalent jobs over a three-year construction period. Over 30 years of
operations, the PAK Lithium Project is expected to contribute $183 million in GDP annually, $12
million in annual tax revenues, and support 950 full-time equivalent jobs. These results reinforce the
Project's potential to anchor a resilient, North American battery materials supply chain and
meaningfully support the global energy transition. For further details on the study, see the full EY
Socioeconomic Impact Study on Frontier Lithium's website at
https://www.frontierlithium.com/socioeconomic
.
Figure A: Frontier Lithium Economic Impact Placemat (CNW Group/Frontier Lithium Inc.)
Corporate
The Company also announces the departure of Mr.
David Ewing
, Vice President of Sustainability and
External Affairs of the Company, effective
December 12, 2025
.
Trevor Walker
, President and CEO,
thanks Mr. Ewing for his leadership and contributions in sustainability, Indigenous relations, and
regulatory engagement. A management transition plan has been established to ensure continuity of
Sustainability deliverables as the Project advances.
Infrastructure
The Company continues to collaborate with Federal and Provincial governments and Indigenous
communities on northern infrastructure planning, including all-season road and power access
required to support commercial operations and long-term project development.
Outlook
With a positive Mine and Mill FS and the Lithium Conversion Facility FS underway, the Company
continues to advance plans for integrated, scalable lithium production in
Ontario
. Work is ongoing to
secure necessary infrastructure, further engineering, and long-term agreements with Indigenous
rights holders to support the transition from exploration to development.
Annual General Meeting Results
The Company further announces the voting results from its annual general meeting of shareholders
of the Company (the "
Meeting
"), which was held on
Thursday, November 27, 2025
, at the
Company's head office in
Sudbury, Ontario, Canada
. All meeting matters and resolutions put before
the shareholders of the Company, and as more fully described in the Company's Notice of Annual
General Meeting of Shareholders and Management Information Circular, dated
October 14, 2025
,
were approved by the requisite majority of votes cast at the Meeting.
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 Feasibility 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
.
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain statements that may be deemed "forward-looking statements".
All statements in this release, other than statements of historical fact constitute forward-looking
statements. Forward looking statements contained in this news release may include, but are not
limited to, the EY study estimates including but not limited to gross spending, GDP, wages, full time
equivalent employment and possible tax revenue, the PAK Lithium Project and its estimated
economics, and statements with respect to: capital requirements and private and/or public financing
initiatives and completion of these financings (if any), estimated mineral resources, estimated capital
costs to construct a mine and conversion facilities, estimated operating costs, estimated cash flows,
net present value, the Feasibility Study and statements that address future production, resource and
reserve potential, exploration drilling, exploitation activities and events or developments that the
Company expects, including but not limited to capital and operating costs, timelines, internal rates of
return, and project development milestones.
Forward-looking statements involve inherent risks and uncertainties. Risk factors that could cause
actual results to differ materially from those in forward looking statements include: market prices for
commodities, increases in capital or operating costs, construction risks, availability of infrastructure
including roads, regulatory and permitting risks, exploitation and exploration successes, continued
availability of capital and financing, financing costs, 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, please review the
Company's public 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.
SOURCE
Frontier Lithium Inc.
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For further information:
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
CO: Frontier Lithium Inc.
CNW 21:00e 27-NOV-25