Frontier Lithium Inc. (V:FL)
Business Focus: Commodity Chemicals (NEC)
| Sector: Basic Materials | Industry: Commodity Chemicals |
| Company Contact | |
| Address: | 2736 Belisle Drive VAL CARON ON P3N 1B3 |
| Tel: | N/A |
| Website: | https://www.frontierlithium.com |
| IR: | See website |
| Key People | ||
| Reginald F. Walker Chairman of the Board | Trevor R. Walker President, Chief Executive Officer | John Ralph Didone Director, Acting Chief Financial Officer |
| Graeme Goodall Vice President - Operations | Naizhen Cao Vice President of Technology | Gregory Da Re Vice President - Corporate Development |
| Garth Drever Vice President - Exploration | David Ewing Vice President Sustainability and External Affairs | |
| Business Overview |
| Frontier Lithium Inc. is a Canada-based exploration and development mining company. The Company is focused on the development of its 100%-owned PAK Lithium Project in Ontario. The PAK lithium project encompasses close to 27,000 hectares. The Company has delineated two spodumene-bearing lithium deposits, including PAK and Spark, located 2.3 kilometers apart. It also has two other spodumene-bearing discoveries, such as the Bolt pegmatite, which is located between the PAK and Spark deposits, as well as the Pennock pegmatite, located 25 kilometers northwest of the PAK deposit within the project claims. It is also developing an integrated lithium mining-and-processing operation in Ontario. The Company is also focused on producing battery-grade lithium hydroxide and lithium salts for the growing electric vehicle and energy storage markets in North America. |
| Financial Overview |
| For the nine months ended 31 December 2023, Frontier Lithium Inc revenues was not reported. Net loss applicable to common stockholders increased 5% to C$17.7M. Higher net loss reflects Exploration and evaluation expenditures increase of 21% to C$11M (expense), Shareholder related fees increase from C$80K to C$306K (expense), Office and equipment rental increase of 47% to C$649K (expense). |
| Employees: | 19 as of Mar 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $165.42M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$25.90M as of Dec 31, 2023 |
| Net annual income (TTM): | -$25.16M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$18.85M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 227,627,041 as of Mar 20, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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