Frontier Lithium Raises C$15M Bought Deal

Frontier Lithium Inc. has announced a bought deal prospectus offering with a syndicate of underwriters led by BMO Capital Markets. The underwriters agreed to buy 20,000,000 units at C$0.75 per unit for gross proceeds of approximately C$15 million.

Each unit includes one common share and half of one common share purchase warrant. Each whole warrant is exercisable at C$1.00 per warrant share for two years after closing. The offering is expected to close on or about April 22, 2026, subject to regulatory approvals including TSX Venture Exchange approval.

Frontier said net proceeds will be used to advance the PAK Lithium Project, including completion of an updated mine and mill technical report, permitting, advancement of a Lithium Conversion Study, and general administrative and corporate expenses.