- Business
- Frontier Lithium Inc. Frontier Lithium Inc. engages in the acquisition, exploration, and development of lithium mineral properties in Ontario, Canada, with a focus on becoming a strategic domestic supplier of premium spodumene concentrates, battery-grade lithium hydroxide monohydrate, lithium carbonate, and other chemicals to the electric vehicle and energy storage markets in North America. The company maintains the largest land position and resource in a premium lithium mineral district located in Ontario’s Great Lakes region, centered on its 100%-owned flagship PAK Lithium Project, which spans nearly 28,000 hectares approximately 175 kilometers north of Red Lake in the Red Lake Mining District and includes high-grade spodumene-bearing deposits such as PAK, Spark, Bolt pegmatite, and Pennock pegmatite. Incorporated in 1995 and headquartered in Val Caron, Ontario, Frontier Lithium operates primarily in Canada’s Tier 1 mining jurisdiction, targeting glass producers initially with technical-grade concentrates and advancing toward fully integrated mining and processing operations. In April 2024, the company completed Tranche 1 of a joint venture with Mitsubishi Corporation, under which Mitsubishi acquired a 7.5% interest in the PAK Lithium Project for CAD $25 million to fund progression toward a vertically integrated Definitive Feasibility Study expected in 2025, with Mitsubishi holding an option to increase its stake to 25% post-DFS subject to preconditions including infrastructure permits. Recent developments include a $3.35 million convertible loan closing and land acquisition in Thunder Bay in February 2025, alongside ongoing advancement of the project’s pre-feasibility study demonstrating a 24-year mine life with strong economics.