The province of Ontario has announced it is developing its first-ever Critical Minerals Strategy to help generate investment, increase Ontario’s competitiveness in the global market, create jobs and opportunities in the mining sector, and support the transition to a low-carbon economy both at home and abroad. Frontier Lithium of Sudbury, ON, was called to support the announcement.
At the virtual event, Trevor Walker, president and CEO of Frontier Lithium commented “Ontario is blessed with its ‘Electric Avenue,’ North America’s newest emerging premium lithium mineral district that is host to four discoveries, two of which are the continent’s highest grade and lowest impurity lithium deposits.
“The Electric Avenue is analogous to the Greenbushes deposits of Australia that have been a key driver in the lithium business for the past 20 years. Our recent Preliminary Economic Assessment shows a potential for a minimum 26-year mine life and revenue of over $10.5 billion.
“By leveraging the Electric Avenue resource as a base and working with the peoples and skills of the north, we will provide a ‘made in Ontario’ solution that will be the ‘north star’ of sustainable development practices. Reduce, Reuse and Recycle, alternatively ‘the circle of life’ — a symbol and vision of a future that all Ontarians relate to and can share together.”
Walker added “Ontario’s Electric Avenue lies within the traditional lands of Deer Lake, Keewaywin, North Spirit Lake and Sandy Lake First Nations; local indigenous community members are currently walking and working these traditional lands with us searching for additional resources that can be leveraged for ongoing and increasing participation, job and wealth creation for families.”
To inform the Critical Minerals Strategy, the province is releasing a discussion paper for public consultation on the Environmental Registry of Ontario.
A consultation with industry and Indigenous communities will also help guide the development of a final strategy to be released this fall.
Frontier Lithium maintains 100 percent interest 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. Frontier is a pre-production business that is targeting the manufacturing of battery quality lithium hydroxide in the Great Lakes Region to support electric vehicle and battery supply chains in North America. Frontier maintains a tight share structure with management ownership approximately 30 percent of the Company.
The PAK Lithium Project encompasses 26,774 hectares at the south end of Ontario’s Electric Avenue, the largest land package hosting lithium bearing pegmatites in Ontario. The Project covers 65 km of the Avenue length and remains largely unexplored; however, since 2013 the company has delineated two premium spodumene bearing lithium deposits located 2.3 km from each other at the southwestern end of the project.
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