SUDBURY, ON, Nov. 27, 2025 /CNW/ – Frontier Lithium Inc. (TSXV:FL) (FRA: HL2) (OTCQX:LITOF) (“Frontier” or the “Company”) is pleased to announce its financial results for the six month period ended September 30, 2025, and highlights from this interim period are set out below. The financial statements and the related management’s discussion and analysis for the period ended September 30, 2025 have been filed on SEDAR+ and can be viewed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.frontierlithium.com.
The Company continues to advance its PAK lithium project (the “PAK Lithium Project” or “Project”) and assess the viability of constructing and operating a fully-integrated lithium mine and chemicals processing facility to deliver battery-grade lithium carbonate and lithium hydroxide for the burgeoning lithium-ion battery market in North America.
Highlights for the Quarter Ended September 30, 2025, and Recent Developments
Financial
As at September 30, 2025, the Company had cash and cash equivalents of $14.9 million, supported in part by the receipt of $909,000 in reimbursement from government funding programs and an additional $634,000 in proceeds from the exercise of stock options. This liquidity positions the Company to meet its current corporate and administrative requirements while advancing key development and strategic objectives.
Exploration and Development
There has been no drilling on the PAK Lithium Project since September 2024. A full record of drilling results from Phase I through Phase XIV (2013–2024) are available in the NI 43-101 Technical Report filed on July 9, 2025 by the Company.
The Company continues environmental baseline studies and related technical work required to advance project permitting.
On July 9, 2025, the Company published the Mine and Mill Feasibility Study (“Mine and Mill FS”) dated effective May 28, 2025. The Mine and Mill FS outlines a standalone operation producing 200,000 tonnes per year of 6% lithium oxide (“Li₂O”) spodumene concentrate (“SC6”), reporting a post-tax net present value of $932 million (8% discount rate) and a post-tax internal rate of return of 17.9%. The Mine and Mill FS incorporates updated mineral resources, a chemical grade lithium concentrate (CG SC6) price assumption of US$1,475 per tonne, and a USD/CAD exchange rate of 1.37.
The Mine and Mill FS considers a 31-year mine life supported by reserves at both the PAK and Spark deposit, with grades of 1.96% Li₂O and 1.44% Li₂O respectively and demonstrates a competitive C1 cost of $602 per tonne of concentrate sold.
The Company has also initiated the Lithium Conversion Facility Feasibility Study (“Lithium Conversion Facility FS”), led by Fluor Canada Ltd., with completion …