Frontier Lithium Inc. (V:FL*CA)

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
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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: $161.68M 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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