Frontier Lithium and Hanwha Sign Memorandum of Understanding to Explore Strategic Cooperation Across the Lithium Value Chain

About this update from Frontier Lithium Inc.

GREATER SUDBURY, ON, June 10, 2026 /CNW/ - Frontier Lithium Inc. ("Frontier") announces that it has entered into a non-binding memorandum of understanding (the "MoU") with Hanwha Corporation and Hanwha Ocean Co., Ltd. (collectively, "Hanwha") to establish a framework for evaluating potential cooperation across the lithium value chain. Under the MoU, the parties will evaluate opportunities related to the potential supply and purchase of lithium products, including battery-grade lithium products from Frontier's proposed integrated lithium operations in Ontario. The parties will also explore broader strategic, technical, and commercial cooperation opportunities, including potential strategic investment and project-level financing, in support of developing secure and regionally integrated critical mineral supply chains.  The MoU contemplates further discussions regarding potential long-term commercial arrangements, including possible offtake by Hanwha and/or its affiliates, subject to due diligence, internal approvals, and the negotiation of definitive agreements.  The engagement reflects Hanwha's broader interest in Canadian industrial partnerships, including its participation in the Canadian Patrol Submarine Project (CPSP) procurement process. In this context, and in support of broader Canadian industrial engagement, strategic critical mineral collaboration, and long-term supply chain participation associated with CPSP, Hanwha is reviewing potential cooperation opportunities with Canadian counterparties, including Frontier whose strategy is aligned with these objectives.  "This Memorandum of Understanding establishes a framework for continued dialogue as we evaluate areas of potential collaboration," said Trevor Walker, President and Chief Executive Officer of Frontier Lithium. "Frontier's integrated mine-to-chemical strategy is designed to provide a reliable North American source of battery-grade lithium products, and we believe there is a strong alignment between our development plans and Hanwha's long-term requirements for advanced battery materials."  Jung Hoon Choi, Executive Vice President, Naval Ship Global Strategy Department of Hanwha Ocean, added: "Hanwha recognizes the growing strategic importance of secure and sustainable lithium supply chains for advanced technologies and energy storage applications. Thro...

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