Frontier Lithium Reports First Quarter Results and Recent Highlights
Frontier Lithium Reports First Quarter Results
and Recent Highlights
SUDBURY, ON
,
Aug. 28, 2025
/CNW/ - Frontier Lithium Inc. (TSXV: FL) (FRA: HL2) (OTCQX:
LITOF) ("Frontier Lithium" or the "Company") has reported financial results for the interim period
ended
June 30, 2025
. The financial statements and the related management's discussion and
analysis have been filed on SEDAR+ and can be viewed under the Company's profile at
www.sedarplus.ca
, as well as on the Company's website at
www.frontierlithium.com
.
Commenting on recent developments, President and Chief Executive Officer
Trevor Walker
stated:
"This quarter marks a number of important milestones for Frontier Lithium. We filed the Mine and Mill
Feasibility Study, confirming the potential for a long-life operation producing an estimated 200,000
tonnes of spodumene concentrate annually, supported by highly competitive operating costs.
Environmental baseline studies continue to advance, and Fluor Canada Ltd. has been appointed to
lead the feasibility study for our lithium conversion facility, which is expected to be delivered in the
first half of 2027.
Frontier Lithium was also proud to join
Canada's
mission to
Germany
, where a new cooperation on
critical minerals was announced. Our PAK Lithium Project in northern
Ontario
hosts
North America's
highest-grade known hard-rock lithium resources, with the potential to support a fully integrated
mine, mill, and conversion facility. With strong government support and aligned with the perspectives
of our Indigenous partners, we are working to deliver a secure and responsibly sourced lithium
supply for
North America's
electric vehicle and battery markets. Representing Frontier Lithium
alongside Minister Hodgson in
Berlin
reflects both the progress our team has made in
Ontario
and
Canada's
broader commitment to sustainable battery materials for the global energy transition. This
trade mission is a strong reminder of why we remain focused on our vision, and we are grateful to
our partners, communities, and supporters who make milestones like this possible."
As of
June 30, 2025
, the Company had cash and cash equivalents of
$15 million
, providing a strong
position to cover corporate and administrative expenses and advance its planned business
objectives.
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
North
America's
highest-grade known 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
and a downstream conversion facility in
Thunder Bay, Ontario
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 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 CA
$932 million
at
an 8% discount rate and an after-tax internal rate of return of 17.9%.These results were disclosed in
a press release dated
May 28, 2025
, and the accompanying technical report was filed on
July 9,
2025
on SEDAR+ (
www.sedarplus.ca
).
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, statements with respect to: capital requirements and private and/or public financing
initiatives, estimated mineral resources, estimated capital costs to construct mine facilities,
estimated operating costs, the duration of payback periods, estimated amounts of future production,
estimated cash flows, net present value, the FS 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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%SEDAR: 00008434E
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 20:00e 28-AUG-25