https://www.northernminer.com/
Frontier Lithium said a definitive feasibility study for the $943-million capex PAK project in northern Ontario boosted reserves by 37%.
The study, which calculates a net present value of $932 million based on a discount rate of 8%, provides a “robust basis” for Frontier to target a final investment decision within two years, according to a statement issued Thursday.
Frontier is making progress on project financing and has started the permitting process, which should also be completed by mid-2027.
Frontier is working with Mitsubishi to develop PAK, which is located more than 1,400 km northwest of Toronto, near the Manitoba-Ontario border. The Japanese conglomerate last year agreed to invest an initial $25 million for a 7.5% stake in a Frontier subsidiary with an option to increase to 25% after the definitive feasibility study, Frontier CEO Trevor Walker said at the time.
For the rest of this article: https://www.northernminer.com/news/frontier-feasibility-lifts-pak-lithium-reserves-by-37/1003879086/