Slide 1: Building Canada's Lithium Champion
Building Canada’s Lithium Champion March 4, 2024
Slide 2: Disclaimers Forward Looking Statements
Disclaimers Forward Looking Statements Certain statements in this presentation may contain “forward looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company or industry to be materially dif
Slide 3: Transaction Overview
Transaction Overview Pro Forma Asset Ownership (Post-Tranche 2) Frontier will contribute MineCo and RefineryCo for a 92.5% interest 75% 25% Mitsubishi will initially acquire 7.5% interest for Ownership Ownership1 C$25 million (“Tranche 1”) 25% of Off-Take NewCo Mitsubishi can increase its interest t
Slide 4: Partnership Highlights
Partnership Highlights 1 Strategic investment underscores the quality of the Project and Frontier’s future as a major lithium company in Canada 2 Mitsubishi is a USD$90bn global company with a proven track record in mining & chemicals 3 Long-term partnership to support initial development and future
Slide 5: Overview of Mitsubishi Corporation
Overview of Mitsubishi Corporation Mitsubishi Corp. is a Japanese conglomerate composed of 10 core business groups with assets across the globe Select Mineral Resources Assets (as % of Total)1 Summary Financials (US$bn) Mineral Resources is one of MC’s 10 business groups and Market Cap: Mineral resp
Slide 6: Mitsubishi's Approach to Developing an Integrated Energy Transformation Platform
Mitsubishi’s Approach to Developing an Integrated Energy Transformation Platform Aim to Become a Decarbonization Solution Provider Overview of Mitsubishi’s Lithium Strategy Upstream Midstream Downstream To lead the acceleration of global energy transformation by contributing to both Corporate (1) st
Slide 7: Project Funding Plan
Project Funding Plan Tranche 1 Proceeds Tranche 2 Proceeds Indicative Funding of • Tranche 1 to cover near-term expenditures to MineCo Development Capex get to FID • Tranche 2 expected to cover equity funding Debt requirement for MineCo • Frontier and Mitsubishi to work collaboratively to arrange pr
Slide 8: Why Mitsubishi Corporation?
Why Mitsubishi Corporation? Mitsubishi is the right partner for Frontier Significant project development Aligned vision to develop a Global relationships with auto and JV management expertise sustainable, North American OEMs and battery cell for large assets lithium supply chain manufacturers Strong
Slide 9: Project Timeline
Project Timeline Frontier and Mitsubishi Announce JV Agreement Completion of DFS Spodumene Concentrate Lithium Chemical (anticipated close in March Phase 1 and 2 Production Commences Production Commences 2024) March 2024 April 2024 1H 2025 2025 2027 2H 2027 2029 “FID” DFS Phase 2 Chemical Plant Mits
Slide 10: Always Moving Forward
ALWAYS MOVING FORWARD FrontierLithium.com | TSX.\V: FL 10