A view of the PAK project area, north of Red Lake, Ont. Credit: Frontier Lithium Inc.
Frontier Lithium (TSXV: FL) said a definitive feasibility study for the C$943 million capex PAK project in northern Ontario boosted reserves by 37%.
The study, which calculates a net present value of C$932 million based on a discount rate of 8%, provides a “robust basis” for Frontier to target a final investment decision within two years, according to a statement issued Thursday. Frontier is making progress on project financing and has started the permitting process, which should also be completed by mid-2027.
Frontier is working with Mitsubishi to develop PAK, which is located more than 1,400 km northwest of Toronto, near the Manitoba-Ontario border. The Japanese conglomerate last year agreed to invest an initial C$25 million for a 7.5% stake in a Frontier subsidiary with an option to increase to 25% after the…
