Frontier Lithium Unveils Economic Study for the PAK Lithium Project
Frontier Lithium Unveils Economic Study for
the PAK Lithium Project
GREATER SUDBURY, ON
,
Nov. 17, 2025
/CNW/ - Frontier Lithium Inc. ("Frontier Lithium" or the
"Company") is pleased to share the results of a third-party socioeconomic impact study (the
"Report") conducted by Ernst & Young LLP (EY) for the Company's proposed integrated mining and
processing operations in
Northwestern Ontario
(the "PAK Lithium Project" or the "Project"). The
Report outlines the significant economic and labour impacts of the Project, based on the latest mine
and mill Definitive Feasibility Study (DFS) and the conversion facility data from the Pre-Feasibility
Study (PFS). Frontier is currently advancing a DFS for the conversion facility.
PAK Lithium Project Economic Impact Assessment Summary (CNW Group/Frontier Lithium Inc.)
The full Report is available on the Company's website at
www.frontierlithium.com/socioeconomic
Trevor Walker
, President and CEO, stated: "The PAK Lithium Project will deliver meaningful benefits
to
Northwestern Ontario
, driving economic growth, employment, and support for local businesses.
These positive impacts will cascade across the region, strengthening community prosperity and
enhancing economic vitality. At a broader level, the project supports multiple economic and national
security and defense objectives as described in both
Canada's
and
Ontario's
Critical Minerals
Strategies as well as the G7 Critical Minerals Production Alliance reinforcing the strength of
North
America's
battery supply chain and positioning
Canada
as a key contributor in the global energy
transition."
Local And National Benefits over the 33-year Project Lifespan
The PAK Lithium Project will have a transformative economic multiplier effect across
Northwestern
Ontario
, the Province, and country of
Canada
with anticipated increases to gross domestic product
("
GDP
"), labour income, and employment, reflecting its national significance. The Report assessed
the economic impacts of the two principal phases of the Project: construction and operations.
The Report also underscores the Project's transformative role in developing human capital, furthering
the aim of the
Canadian Sustainable Jobs Act
, and creating a stronger synergy between economic
growth and workforce development. With hundreds of workers, including Indigenous workers,
projected to be permanently employed full-time during operations, the Project will offer opportunities
in trades such as millwrights, mechanics, electricians, metallurgical engineers, and process
operators.
Key Highlights from the EY Socioeconomic Impact
(Following Figures and Timelines are
estimates)
Mine and Mill
Construction Phase (3 Years)
National Impact:
$931 million
in GDP,1,232 full-time equivalent ("FTE") jobs, and
$75 million
in
annual tax revenue.
Provincial Impact (
Ontario
):
$708 million
in GDP,917 FTE jobs, and
$38 million
in provincial tax
revenue.
Regional Impact (
Northwestern Ontario
):
$188 million
in GDP, 568 FTE jobs, and
$19 million
in
local tax revenue.
Operational Phase (30 Years)
National Impact:
$93 million
in GDP, 535 FTE jobs, and
$4.9 million
in annual tax revenue.
Provincial Impact:
$75 million
in GDP, 390 FTE jobs, and
$2.5 million
in provincial tax revenue.
Regional Impact:
$23 million
in GDP,162 FTE jobs, and
$1.5 million
in local tax revenue.
Lithium Conversion Facility (
Thunder Bay
)
Construction Phase (2 Years)
National Impact:
$575 million
in GDP, 931 full-time equivalent ("FTE") jobs, and
$48.8 million
in
federal tax revenue.
Provincial Impact (
Ontario
):
$468 million
in GDP, 814 FTE jobs, and
$40.0 million
in provincial
tax revenue.
Regional Impact (
Northwestern Ontario
):
$134 million
in GDP, 557 FTE jobs, and
$15.0 million
in local tax revenue.
Operational Phase (30 Years)
National Impact:
$89.5 million
in GDP, 415 FTE jobs, and
$6.7 million
in annual federal tax
revenue.
Provincial Impact (
Ontario
):
$69 million
in GDP, 304 FTE jobs, and
$3.0 million
in provincial tax
revenue.
Regional Impact (
Northwestern Ontario
):
$23.4 million
in GDP, 187 FTE jobs, and
$2.3 million
in
local tax revenue.
Broader Economic and Social Benefits of the Project
Workforce Development:
The Project will support workforce training and skills development,
with a focus on trades and technical roles.
First Nations and Local Communities:
Significant employment and business opportunities,
infrastructure improvements, and enhanced access to healthcare and education.
Environmental Sustainability:
Frontier Lithium is committed to reducing its environmental
footprint through the use of innovative technologies and sustainable waste management
practices.
Supply Chain and Export Potential:
The Project will strengthen
Canada's
domestic supply
chain for critical minerals, support the growth of the battery manufacturing sector, and enhance
national security by reducing reliance on imports.
Government Alignment:
The Project aligns with
Canada's
net-zero and critical minerals
strategies, supporting national environmental and economic goals.
Mauricio Zelaya
, Partner & National Economics Leader from EY Canada, noted:
"Frontier
Lithium's PAK Project is more than a mining operation. It is a strategic investment that strengthens
Canada's
critical minerals supply chain, enhances national resiliency, and drives competitiveness
while unlocking long-term economic growth."
For further details on the Report, see the full EY Socioeconomic Impact Study on Frontier
Lithium's website at
https://www.frontierlithium.com/socioeconomic
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 Report estimates including but not limited to gross spending, GDP, wages, FTE 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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%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 18:00e 17-NOV-25