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Frontier Lithium Unlocks Conditional Funding for Critical Minerals Infrastructure Projects
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Frontier Lithium Unlocks Conditional Funding for Critical Minerals Infrastructure Projects
Oct 7, 2024 4:59 PM

05:21 PM EDT, 10/07/2024 (MT Newswires) -- Frontier Lithium ( LITOF ) after trade Monday announced that it has been awarded up to $6.1 million in funding from the Government of Canada for mine access road and power transmission line infrastructure projects.

Pending final due diligence, Natural Resources Canada has conditionally approved two investments for a total of up to $6.1 million from the Critical Minerals Infrastructure Fund for two projects that will support the development of Frontier's PAK Lithium Project in northwestern Ontario.

One project is the preconstruction activities, including environmental studies, for an all-seasons, 56-kilometer, two-lane mine access road that would link the PAK lithium project to the Ontario highway system.

The second project will conduct engineering, design and permitting studies for a substation and transmission line to enable grid connection from the PAK project to the Wataynikaneyap (Watay) power transmission line.

"As we move forward on our path to building the first fully integrated lithium mining-and-processing operation in Ontario, we know our objectives align nicely with that of the Critical Mineral Infrastructure fund - to address infrastructure gaps, reduce emissions, and advance reconciliation with Indigenous Peoples," said chief executive Trevor Walker.

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