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Frontier Lithium Inc. Highlights Successful Progress and Key Developments for the Six Months Ended September 30, 2023
Frontier Lithium Inc. Highlights Successful Progress and Key Developments for the Six Months Ende...
About this update from Frontier Lithium Inc.
[{"type":"text","content":"\n \n \n \n Frontier Lithium Inc. Highlights Successful Progress and Key Developments for the Six Months Ended September 30, 2023\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n SUDBURY, ON\n \n \n ,\n \n \n Nov. 28, 2023\n \n \n /CNW/ - Frontier Lithium Inc. (TSXV: FL) (FRA: HL2) (OTCQX: LITOF) (\"Frontier\" or the \"Company\") has reported financial results for the second quarter ended\n \n September 30, 2023\n \n . The financial statements and the related management's discussion and analysis have been filed on SEDAR+ (\n \n www.sedarplus.ca\n \n ).and can be viewed under the company's profile on SEDAR+.\n \n \n \n \n \n \n \n \n \n \n Highlights For the Current Quarter And Recent Developments:\n \n \n \n \n Financial Highlights:\n \n The Company maintains a strong financial position with a cash balance of\n \n $18.6 million\n \n as of\n \n September 30, 2023\n \n . The Company remains vigilant in managing its capital, ensuring continued exploration and development activities.\n \n \n \n Exploration and Development:\n \n Frontier Lithium has been actively engaged in the exploration and development of the PAK Lithium Project, located in the\n \n Red Lake\n \n mining jurisdiction of northwestern\n \n Ontario\n \n since\n \n February 2013\n \n . The recent Phase XIII drill program, which commenced in\n \n February 2023\n \n , has yielded promising results, delineating the Bolt pegmatite and extending the Spark deposit. In conclusion of this reporting period, the drilling program has come to an end. The Company's commitment to exploration includes a comprehensive regional mapping program, uncovering new spodumene-bearing pegmatite zones.\n \n \n In\n \n July 2023\n \n , Frontier Lithium published a Pre-Feasibility Study (\"PFS\"), outlining a fully-integrated lithium operation. The PFS indicates the potential for the continent's largest and lowest-cost producer of lithium hydroxide, catering to the growing electric vehicle industry in\n \n North America\n \n .\n \n \n \n Business Objectives:\n \n Frontier Lithium's primary ob...