Frontier Lithium (FL) Q4 2025 earnings summary

Executive summary

• Ended FY2025 with $17.9 million in cash, up from $12.6 million year-over-year, driven by strategic financing and a Mitsubishi joint venture.

• Released a feasibility study confirming robust economics for the PAK and Spark deposits, supporting a 31-year mine life.

• Advanced environmental studies and secured up to $6 million in non-repayable government funding for infrastructure.

• Secured land and funding for a lithium conversion facility in Thunder Bay, Ontario.

• Discovered a new high-grade lithium-bearing zone, the Ember pegmatite, near the Spark deposit.

Financial highlights

• Cash position increased to $17.9 million as of March 31, 2025, from $12.6 million the previous year.

• $3.35 million unsecured convertible loan funded the purchase of the Thunder Bay facility site.

Outlook and guidance

• Focus on advancing permitting, technical studies, and Indigenous partnership agreements.

• Feasibility work on the lithium conversion facility to continue, aiming for government contribution agreements.