Frontier Lithium Inc. (TSXV: FL) (FRA: HL2) (OTCQX: LITOF) is pleased to announce that it has been awarded up to $6.1 million in funding from the Government of Canada for mine access road and power transmission line infrastructure projects. This funding has been secured through the Critical Minerals Infrastructure Fund, a federal initiative aimed at advancing clean energy and transportation infrastructure in Canada’s critical minerals sector.

Pending final due diligence, Natural Resources Canada has conditionally approved two investments for a total of up to $6.1 million under the CMIF for two projects that will support the development of Frontier’s PAK Lithium Project in Northwestern Ontario.

One project is the preconstruction activities, including environmental studies, for an all-seasons, 56-kilometer, two-lane mine access road that would link the PAK lithium project to the Ontario highway system.

The second project will conduct engineering, design and permitting studies for a substation and transmission line to enable grid connection from the PAK Lithum project to the Wataynikaneyap (Watay) Power transmission line.

As both infrastructure projects advance, Frontier Lithium is committed to continued engagement and consultation with local and Indigenous communities.

Trevor Walker, President and CEO of Frontier Lithium, expressed his excitement about the award: “We are thrilled to receive this funding for the advancement of an all-season road and electricity infrastructure in the region of our PAK Lithium Project.  As we move forward on our path to building the first fully integrated lithium mining-and-processing operation in Ontario, we know our objectives align nicely with that of the Critical Mineral Infrastructure fund – to address infrastructure gaps, reduce emissions, and advance reconciliation with Indigenous Peoples.”

This Government of Canada support reflects the importance of Indigenous engagement and collaboration in developing key infrastructure in Northwestern Ontario. It also recognizes the role these infrastructure projects will play in supporting our vision to become a significant supplier of lithium chemicals to the growing EV and energy storage markets across North America.

About Frontier Lithium

Frontier Lithium Inc. is a pre-production business with an objective to become a strategic and integrated domestic supplier of spodumene concentrates for industrial users as well as battery-grade lithium hydroxide and other chemicals 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 contains North America’s highest-grade lithium reserves and is the largest in Ontario by size. The project encompasses close to 27,000 hectares and remains largely unexplored; however, since 2013, the company has delineated two premium spodumene-bearing lithium deposits (PAK and Spark), located 2.3 kilometres apart. Exploration is continuing on the project through two other spodumene-bearing discoveries: the Bolt pegmatite (located between the PAK and Spark deposits), as well as the Pennock pegmatite (25 kilometres northwest of PAK deposit within the project claims). A 2023 Pre-Feasibility Study “National Instrument 43-101 Technical Report PFS PAK Lithium Project” by BBA E&C Inc., delivered a 24-year project life, delivering a post-tax NPV(8%) of US$1.74 billion and IRR of 24.1% as per the press release disseminated on May 31, 2023, and was filed on SEDAR+ (www.sedarplus.ca)

Opening Remarks:

• Good afternoon, everyone. Thank you to the Government of Canada for their support and to all our partners and stakeholders for their continued collaboration.

Project Overview:

• This funding will support two critical infrastructure projects for the PAK Lithium Project in Northwestern Ontario.
• These projects are pivotal in bridging the resources of the north with demand for chemical production in Ontario, enhancing connectivity and infrastructure.
• With the recent beren’s bridge funding, these two projects will play a crucial role in advancing clean energy and transportation infrastructure, aligning with CMIF’s core objectives.
• Strong consultation and engagement with Indigenous communities are at the heart of these projects.
• We are committed to ongoing dialogue and collaboration to ensure that the development is sustainable and beneficial for all stakeholders.
• This approach not only advances reconciliation but also derisks the projects by addressing potential concerns early on.
• The federal support underscores the importance of developing robust infrastructure to support the critical minerals sector.
• By advancing these projects, we are not only enhancing our capabilities but also positioning Ontario as a leader in the production of essential chemicals for the electric vehicle and energy storage markets.

Closing Remarks:

• We are excited about the future and the opportunities these projects will unlock.
• Together, we are paving the way for a sustainable and prosperous future for Ontario’s critical minerals sector.

Frontier CEO providing remarks at the announcement (CNW Group/Frontier Lithium Inc.)