02:09 PM EDT, 10/29/2025 (MT Newswires) -- Frontier Lithium ( LITOF ) shares rose 13% on Wednesday after it said it was selected to participate in Ontario's One Project, One Process (1P1P) Framework Guidance initiative.

The company said its participation in the 1P1P framework "aligns with broader Provincial actions to unlock Northern Ontario's growth potential." Its PAK Lithium project, once operational, is projected to contribute $182 million in GDP annually, $11.6 million in annual tax revenues, and support nearly 1,000 long-term positions, while generating an estimated $2.4 billion in total corporate income and mining tax revenues over its lifespan.

"Clarity and predictability in permitting are key to unlocking investment, accelerating project timelines, and delivering on Canada's critical minerals strategy," said Chief Executive Trevor Walker. "This initiative represents a meaningful step forward for industry, government, and Indigenous communities alike."

The company noted that the 1P1P framework was designed to reduce government review timelines by up to 50% for advanced exploration and mine development projects in Ontario. It also said that this milestone recognizes its "long-standing commitment to responsible resource development" and positions the PAK Lithium project as a model for integrated and sustainable project development.

Shares of the company were last seen up $0.09 to $0.76 on the TSX Venture Exchange.

Price: 0.76, Change: +0.09, Percent Change: +13.43