“We proceed to progress, de-risk and execute on our plan to construct a fully-integrated lithium chemical compounds firm to service the worldwide battery and electrical automobile business,” president and CEO Trevor Walker mentioned within the assertion.
Frontier has two spodumene-bearing deposits at its PAK venture, 175 kilometres north of Purple Lake, close to the Manitoba border. Spodumene is essentially the most extensively used lithium due to its excessive lithium content material.
The corporate goals to grow to be a totally built-in lithium producer of battery-quality lithium, a important element within the batteries that energy electrical autos and high-tech gadgets.
The pilot, performed in partnership with mining and commodities large Glencore (LON: GLEN), obtained C$363,000 (about $300K) from the federal government of Ontario in May.
The take a look at work will help an ongoing prefeasibility research to evaluate the viability of a vertically built-in chemical firm by operation of a spodumene mine and concentrator at PAK.
It might finish in a commercial-scale lithium chemical plant that may create 500 jobs throughout a two-year building part, and greater than 250 as soon as it’s operational.
The corporate released in February a preliminary financial evaluation of its PAK open-pit venture, forecasting a 26-year mine life with the potential to ascertain a hydrometallurgical chemical plant at an unidentified Nice Lakes port.
Frontier’s tentative begin date to start commercial-scale mining at PAK is 2025.