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SUDBURY, ON, Oct. 1, 2024 /CNW/ - Frontier Lithium Inc. (TSXV: FL) (FRA: HL2) (OTCQX: LITOF) ("Frontier" or the "Company") is pleased to announce the voting results from its annual general meeting of shareholders of the Company (the "Meeting"), which was held on Monday, September 30, 2024, at the Company's head office in Sudbury, Ontario, Canada. All meeting matters put before the shareholders of the Company, and as more fully described in the Company's Notice of Annual General Meeting of Shareholders and Management Information Circular, dated August 23, 2024, were approved by the requisite majority of votes cast at the Meeting.
A total of 82,619,193 common shares of the Company were voted at the Meeting, representing approximately 36.30% of the total issued and outstanding common shares of the Company as of the record date of the Meeting.
Following the formal portion of the Meeting, the Company provided a corporate presentation to shareholders. The corporate presentation and an audio recording of this presentation will be available on the Company's website and can be found here.
About Frontier Lithium
Frontier Lithium Inc. is a pre-production business with an objective to become a strategic and integrated domestic supplier of spodumene concentrates for industrial users as well as battery-grade lithium hydroxide and other chemicals to the growing electric vehicle and energy storage markets in North America. The Company's PAK Lithium Project maintains the largest land position and resource in a premium lithium mineral district located in Ontario's Great Lakes region.
About the PAK Lithium Project
The PAK Lithium Project contains North America's highest-grade lithium reserves and is the largest in Ontario by size. The project encompasses close to 27,000 hectares and remains largely unexplored; however, since 2013, the company has delineated two premium spodumene-bearing lithium deposits (PAK and Spark), located 2.3 kilometres apart. Exploration is continuing on the project through two other spodumene-bearing discoveries: the Bolt pegmatite (located between the PAK and Spark deposits), as well as the Pennock pegmatite (25 kilometres northwest of PAK deposit within the project claims). A 2023 Pre-Feasibility Study "National Instrument 43-101 Technical Report PFS PAK Lithium Project" by BBA E&C Inc., delivered a 24-year project life, delivering a post-tax NPV(8%) of US$1.74 billion and IRR of 24.1% as per the press release disseminated on May 31, 2023, and was filed on SEDAR+ (www.sedarplus.ca).