Frontier Lithium Updates Feasibility Study for PAK Lithium Project — Frontier Lithium Inc.

Event summary

Frontier Lithium has awarded an updated feasibility study for the mine and mill stage of its PAK Lithium Project to DRA Americas Inc.
The study, targeting completion in Q1 2027, will optimize project economics and de-risk execution planning.
The PAK Lithium Project is a joint venture between Frontier Lithium (92.5%) and Mitsubishi Corporation (7.5%).
The 2025 feasibility study outlined a 31-year project life with an after-tax NPV of C$932 million and an IRR of 17.9%.
Frontier continues to advance permitting, Indigenous community engagement, and infrastructure initiatives.

The big picture

Frontier Lithium's updated feasibility study for the PAK Lithium Project comes as the demand for lithium continues to rise amid the global shift towards electric vehicles and energy storage solutions. The project's strategic location in Ontario and its high-grade lithium resource position it as a key player in the North American critical minerals landscape. The study's completion in early 2027 will be a critical milestone in advancing the project towards financing and construction readiness.

What we're watching

Project Economics: How the updated feasibility study will impact the project's NPV and IRR, and whether it will attract financing partners.
Permitting Progress: The pace at which Frontier Lithium advances permitting and Indigenous community engagement under Ontario's One Project, One Process framework.
Market Dynamics: Whether Frontier Lithium can capitalize on the growing demand for secure domestic critical mineral supply in North America.