Frontier Lithium Raises $2,352,388 in Financing
General Office
2736 Belisle Drive
Val Caron, ON P3N 1B3
T. 705.897.7622
F. 705.897.7618
Frontier Lithium Raises $2,352,388 in Financing
Sudbury, Ontario, June 21, 2018 – Frontier Lithium Inc. (TSX.V: FL) (the “Company”) announces the
closing of a non -brokered private placement offering for a total of 5,880,969 units (“Units”) of the
Company priced at $0.40 per Unit, for total gross proceeds of $2,352,388. The private placement was
oversubscribed from the initial offering by $352,388, issuing an additional 880,969 common shares of
the Company.
In connection with the CDN $2,352,388 Offering, the Company issued finder’s fees of CDN $10,800.00
and 117,900 common shares (totaling 2.5% of the gross proceeds of the Offering) and 144,900 finder
warrants. Each finder option will be exercisable at a price of $0.60 into one common share for a period
of twenty-four (24) months from the date of issuance.
All of the Shares and Warrants issued pursuant to the private placement are subjec t to a minimum 4 -
month hold period. Proceeds from the financing will be used to advance exploration of Frontier’s 100%
owned and optioned PAK Lithium Project located in northwestern Ontario.
The Company also announces that is has granted an additional 839, 375 stock options. The options are
set for a period of five years, expiring on June 21, 2023. The options are priced at $.45 and are subject to
regulatory approval.
About Frontier Lithium Inc.
Frontier’s goal is to become a low -cost, fully integrated lith ium 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. The deposit boasts its lithium in a rare, high -purity, low-iron
spodumene whe reby Frontier has successfully produced concentrates meeting both chemical grade
spodumene and technical grade specifications. The initial target market is the glass -ceramic industry
which consumes roughly one -quarter of global lithium supply and is curren tly 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% lith ium oxide (Li2O), if available, to avoid inferior lower grade petalite concentrates, or paying
much higher prices for battery grade lithium compounds.
The PAK lithium deposit remains open in all directions and Company Management is working towards
developing a viable operation. The Company has recently completed a positive pre-feasibility study (PFS)
which assessed the economic viability and technical feasibility of producing premium lithium
concentrates. As a result of the PFS Frontier’s goal is to first e stablish a viable technical grade
spodumene concentrate operation with a byproduct of chemical grade concentrate. A possible second
stage of investment and longer term prospect is to further process a combination of some of PAK’s
output to produce the high er purity lithium compounds required for lithium battery technologies used
in the electrification of transportation and electric grid storage applications.
General Office
2736 Belisle Drive
Val Caron, ON P3N 1B3
T. 705.897.7622
F. 705.897.7618
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 host 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 has a current Measured and Indicated Resource of 8.5 million tonnes of 1.78% Li2O and an
Inferred Lithium Resource of 1.9 million tonnes of 2.01% Li2O which has a technical/ceramic grade
spodumene with low inherent iron (below 0.1% Fe2O3).
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.
Company Contact Information
Trevor R. Walker
President & CEO
2736 Belisle Drive Val Caron, ON. P3N 1B3 CANADA
T. +001 705.897.7622
F. +001 705.897.7618
Media Requests
Joseph Mansourian
Manager, Investor Relations
2736 Belisle Drive Val Caron, ON. P3N 1B3 CANADA
T. +001 705.618.0070
F. +001 705.897.7618
Additional in formation regarding Frontier Lithium is available on SEDAR at www.sedar.com under the
Company's profile and on its website at www.frontierlithium.com, including various pictures of ongoing
work at the project.
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.