Frontier Lithium ( (TSE:FL) ) has shared an announcement.
Frontier Lithium has successfully closed a $3.35 million convertible loan and completed the acquisition of a 183-acre industrial site in Thunder Bay, Ontario, previously a coal-fired power station. This strategic acquisition is intended for a proposed lithium conversion facility, enhancing Frontier’s role in the battery materials sector and supporting the regional lithium supply chain. The investment underscores Thunder Bay’s potential as a critical mineral processing hub, with significant economic opportunities anticipated for the region.
More about Frontier Lithium
Frontier Lithium operates in the battery materials sector, focusing on lithium production and processing. The company is positioned within the critical minerals industry, aiming to support the global clean energy transition and Canada’s battery materials sector.
YTD Price Performance: 32.61%
Average Trading Volume: 107,538
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$139.1M
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