Frontier Lithium (FL.V) is updating a 2025 feasibility study for the mine and mill stage of its PAK Lithium Project in Ontario, the company said on Thursday.
The update will be completed in the first quarter of next year, and will be key to advancing the project toward financing and construction readiness, a statement said.
"Since completing our 2025 Feasibility Study, we have continued to build meaningful momentum across the PAK Lithium Project through technical advancement, permitting progress, infrastructure planning and strategic partnership initiatives," said Trevor Walker, chief executive officer of Frontier Lithium. "This updated feasibility study is about capturing that progress and positioning the Mine and Mill stage for the next phase of development."
Frontier Lithium shares were last seen unchanged at CA$0.42 on the TSX Venture Exchange.