FRONTIER LITHIUM HIGHLIGHTS RECENT DEVELOPMENTS, RESULTS FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2025 AND AGM RESULTS

Executive Summary

• Frontier Lithium released its six‑month financial results (ended Sep 30, 2025) showing $14.9 M cash on hand, bolstered by government reimbursements and stock‑option proceeds.
• The company published a positive Mine‑and‑Mill Feasibility Study forecasting a 31‑year mine life, post‑tax NPV of $932 M and IRR of 17.9%, with a competitive C1 cost of $602/tonne concentrate.
• An independent EY socioeconomic impact study estimates the project will generate ~$1.5 B GDP, $124 M tax revenue and 2,163 jobs during construction, underscoring its strategic importance to North‑American battery supply chains.

Key Details

• Cash Position: $14.9 million as of Sep 30 2025; includes $909k government reimbursement and $634k from exercised stock options.
• Mine & Mill Feasibility Study (FS):
• Effective date May 28 2025, published Jul 9 2025.
• Production target: 200,000 t/yr of 6% Li₂O spodumene concentrate (SC6).
• Post‑tax NPV (8% discount): $932 million; post‑tax IRR: 17.9%.
• Assumed CG SC6 price: US$1,475/t; USD/CAD = 1.37.
• Mine life: 31 years supported by reserves at PAK and Spark deposits (grades 1.96% Li₂O and 1.44% Li₂O).
• C1 cost: $602 per tonne of concentrate sold.
• Lithium Conversion Facility FS: Initiated, led by Fluor Canada Ltd.; expected completion H1 2027.
• Exploration Activity: No drilling since Sep 2024; historic Phase I‑XIV results available in NI 43‑101 report (filed Jul 9 2025).
• Regulatory Milestone: Selected as first participant in Ontario’s “One Project, One Process” framework (Oct 2025) to streamline permitting.
• EY Socioeconomic Impact Study Findings:
• Construction phase (3 years): $1.5 B GDP, $124 M tax revenue, 2,163 FTE jobs.
• Operations phase (30‑year life): $183 M annual GDP contribution, $12 M annual tax revenue, 950 FTE jobs.
• Corporate Change: Departure of Vice President of Sustainability & External Affairs, David Ewing, effective Dec 12 2025; transition plan in place.
• Infrastructure Collaboration: Ongoing work with federal/provincial governments and Indigenous communities on all‑season road and power access for future commercial operations.
• AGM Results: Voting outcomes from the November 27 2025 Annual General Meeting approved all matters/resolutions presented to shareholders.

Notable Quotes

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