Make Kitco Your Homepage

Lithium pilot project to receive funding from Ontario Government

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Today, Frontier Lithium (TSXV: FL) (OTCQX: LITOF) announced that the Government of Ontario has agreed to contribute $363,000 towards assisting Frontier Lithium with piloting a proprietary process that seeks to overcome certain financial, technical and environmental risks identified with conventional lithium chemical processing utilized commercially outside of North America.

Frontier aims to become a fully-integrated lithium producer of battery-quality lithium chemicals in North America's Great Lakes region from the PAK lithium project, which hosts Ontario's largest and highest-grade lithium resource.

The funding by the Government of Ontario is being made through the Northern Innovation Program of the Northern Ontario Heritage Fund Corporation. This program is designed to support the development and commercialization of new technologies that are most likely to contribute to future prosperity in Northern Ontario.

"We are investing in innovative mining and refining technology developed right here in northern Ontario," said Greg Rickford, Minister of Energy, Northern Development and Mines. "Our government's investment in Frontier Lithium strengthens the development of our Critical Minerals Strategy and our position to become the supplier, producer and manufacturer of choice for certain critical minerals. There's a growing global market for reliable, responsibly sourced critical minerals, and we want Ontario to be the first jurisdiction on everybody's mind."

Frontier Lithium is an emerging pure play lithium company with the largest land position in the Electric Avenue, an emerging premium lithium mineral district located in the Great Lakes region of northern Ontario. The company maintains 100% ownership in the PAK lithium project which contains one of North America's highest-grade, large tonnage hard-rock lithium resources in the form of a rare low-iron spodumene. The project has significant upside exploration potential.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.