The Prospector News

FRONTIER LITHIUM FINALIZES THE CONTRIBUTION AGREEMENTS FOR THE CRITICAL MINERALS INFRASTRUCTURE FUND

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

FRONTIER LITHIUM FINALIZES THE CONTRIBUTION AGREEMENTS FOR THE CRITICAL MINERALS INFRASTRUCTURE FUND

 

 

 

 

 

Frontier Lithium Inc. (TSX-V: FL) (FRA: HL2) (OTCQX: LITOF) is pleased to announce that, further to its Press Release dated October 27, 2024 regarding federal funding of up to $6 million, the accompanying contribution agreements with the Government of Canada have recently been executed for this funding. With conditions now met in the Contribution Agreements, Frontier has successfully secured up to $6 million in non-repayable funding under the Federal Critical Minerals Infrastructure Fund. This funding will support the advancement of essential mine access road and electricity infrastructure projects critical to the development of the Company’s PAK Lithium Project in Northwestern Ontario.

 

Pursuant to the Contribution Agreements, Frontier will be entitled to receive the following amounts, which shall be reimbursed at 50% of eligible expenditures for two key infrastructure projects, over the course of four years:

  • Mine Access Road Development, total grant funding of $2.8 million – Preconstruction activities, including environmental studies, for an all-season, 56-kilometer, two-lane access road linking the PAK Lithium Project to the Ontario highway system.
  • Power Transmission Infrastructure, total grant funding of $3.2 million – Engineering, design, and permitting studies for a substation and transmission line to enable grid connection from the PAK Lithium Project to the Wataynikaneyap (Watay) Power transmission line.

 

Frontier remains committed to ongoing engagement and consultation with local and indigenous communities as these projects progress.

 

This Federal support underscores the importance of collaboration in developing Northwestern Ontario’s critical minerals sector while strengthening Canada’s position in the global electric vehicle and energy storage markets.

 

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 lithium development initiative, developing North America’s highest-grade lithium reserves. A joint venture between Frontier Lithium Inc. (92.5%) and Mitsubishi Corporation (7.5%), the project involves the extraction of lithium ore, advanced processing to produce high-purity lithium concentrates, and downstream refining facility to manufacture battery-grade lithium salts. A 2023 Pre-Feasibility Study by BBA E&C Inc., titled “National Instrument 43-101 Technical Report PFS PAK Lithium Project”, estimates a 24-year project life with a post-tax NPV (8%) of US$1.74 billion and an IRR of 24.1%. These results were disclosed in a May 31, 2023, press release and filed on SEDAR+ (www.sedarplus.ca).

 

Posted April 1, 2025

Share this news article

MORE or "UNCATEGORIZED"


Lode Gold Closes $1.51 Million Upsized Private Placement

Lode Gold Resources Inc. (TSX-V: LOD) (OTCQB: LODFF) is pleased t... READ MORE

September 6, 2025

Pacific Ridge Closes First Tranche of Brokered Private Placement for Gross Proceeds of C$2.7 Million

Pacific Ridge Exploration Ltd. (TSX-V: PEX) (OTCQB: PEXZF) (FSE: ... READ MORE

September 6, 2025

Purepoint Uranium Closes Final Tranche of $6 Million Private Placement

Purepoint Uranium Group Inc. (TSX-V: PTU) (OTCQB: PTUUF) announce... READ MORE

September 6, 2025

New Found Gold and Maritime Enter into Definitive Agreement to Combine; Combination Creates an Emerging Canadian Gold Producer

New Found Gold Corp. (TSX-V: NFG) (NYSE American: NFGC) and Marit... READ MORE

September 5, 2025

ELEMENTAL ALTUS AND EMX TO MERGE TO CREATE NEW MID-TIER GOLD FOCUSED ROYALTY COMPANY ELEMENTAL ROYALTY CORP.

Elemental Altus Royalties Corp. (TSX-V: ELE) (OTCQX: ELEMF) and E... READ MORE

September 5, 2025

Copyright 2025 The Prospector News