Frontier Lithium's PAK selected for 1P1P framework

Executive Summary

• Frontier Lithium Inc. has been selected as the first project under Ontario's "One Project, One Process" (1P1P) framework, a regulatory initiative designed to streamline and accelerate mine permitting for advanced mineral development projects in the province.
• The selection positions the PAK lithium project as a model for integrated and sustainable development, aiming to reduce government review timelines by up to 50% through coordinated efforts among provincial ministries, agencies, and Indigenous peoples.
• The release highlights the project's significant economic potential, including projected contributions to GDP, tax revenues, and job creation, alongside its role in supporting Canada's critical minerals supply chain through a vertically integrated strategy.

Key Details

• Regulatory Milestone: Selected as the first participant in Ontario's 1P1P framework, which modernizes the provincial permitting process for advanced exploration and mine development.
• Project Location: Northwestern Ontario, in the traditional territory of Anishinninew law-guided First Nations (Deer Lake, Keewaywin, North Spirit Lake, and Sandy Lake).
• Economic Impact (Construction Phase):
  • Up to $1.5-billion in gross domestic product (GDP).
  • $124-million in tax revenues.
  • More than 2,000 full-time jobs created.
• Economic Impact (Operational Phase):
  • $182-million in annual GDP contribution.
  • $11.6-million in annual tax revenues.
  • Nearly 1,000 long-term positions supported.
  • Estimated $2.4-billion in total corporate income and mining tax revenues over the project's life span.
• Strategic Infrastructure:
  • Proposed lithium conversion facility in Thunder Bay, Ont., supporting a domestic mine-to-battery supply chain.
  • Alignment with provincial transmission line twinning between Dryden and Red Lake to strengthen grid capacity and enable electrification.
• Feasibility Study Metrics (PAK Lithium Project):
  • Prepared by DRA Global Ltd.
  • Project life: 31 years.
  • After-tax Net Present Value (NPV): $932-million at an 8% discount rate.
  • After-tax Internal Rate of Return (IRR): 17.9%.
  • Disclosure Date: Feasibility study results released May 28, 2025; technical report filed July 9, 2025.
• Ownership Structure: Joint venture between Frontier Lithium (92.5%) and Mitsubishi Corp. (7.5%).

Notable Quotes

• "We welcome the opportunity to participate in the 1P1P initiative. Clarity and predictability in permitting are key to unlocking investment, accelerating project timelines and delivering on Canada's critical minerals strategy. This initiative represents a meaningful step forward for industry, government and indigenous communities alike." — Trevor Walker, President and CEO