Frontier Lithium (TSE:FL) has released an update.
Frontier Lithium Inc. partners with Mitsubishi Corporation in a joint venture to develop Ontario’s first fully integrated lithium operation, enhancing the North American EV supply chain. Mitsubishi’s initial investment secures a 7.5% stake for C$25 million, with options to increase to 25% post-feasibility study, bolstering Frontier’s ambition to become a prominent North American lithium supplier. The collaboration promises strategic and financial benefits, reinforcing Frontier’s long-term value creation for various stakeholders.
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