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The latest announcement is out from Frontier Lithium ( (TSE:FL) ).
Frontier Lithium has initiated a Definitive Feasibility Study (DFS) for its lithium conversion facility in Thunder Bay, Ontario, marking a significant step in its strategy to establish a commercial refining facility. The study, awarded to Fluor Canada Ltd., will evaluate the refinery’s potential to produce 20,000 tonnes of lithium carbonate equivalent annually, supporting battery production for up to 500,000 electric vehicles per year. This project aims to enhance Canada’s role in the global battery supply chain and aligns with Frontier’s commitment to sustainable resource development and collaboration with Indigenous communities and government agencies.
The most recent analyst rating on (TSE:FL) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Frontier Lithium stock, see the TSE:FL Stock Forecast page.
Spark’s Take on TSE:FL Stock
According to Spark, TipRanks’ AI Analyst, TSE:FL is a Neutral.
Frontier Lithium’s stock score is primarily impacted by its weak financial performance and valuation, reflecting ongoing profitability and cash flow issues. However, strategic corporate events, such as government funding and infrastructure development, provide a positive outlook for future growth, somewhat balancing the overall score.
To see Spark’s full report on TSE:FL stock, click here.
More about Frontier Lithium
Frontier Lithium Inc. is a pre-production mining company focused on becoming a strategic supplier of premium spodumene concentrates and battery-grade lithium salts for the electric vehicle and energy storage markets in North America. The company’s PAK Lithium project, in partnership with Mitsubishi Corporation, is developing North America’s highest-grade known lithium resource in Ontario’s Great Lakes region.
Average Trading Volume: 110,048
Technical Sentiment Signal: Sell
Current Market Cap: C$123.1M
For an in-depth examination of FL stock, go to TipRanks’ Overview page.