Frontier Lithium (FL) AI Stock Analysis

• Market Cap: C$195.98M
• Dividend Yield: N/A
• Average Volume (3M): 188.45K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.52
• Revenue Growth: N/A
• EPS Growth: 34.36%
• Country: CA
• Employees: 19
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 230,567,050
• 10 Day Avg. Volume: 182,084
• 30 Day Avg. Volume: 188,447
• PEG Ratio: 0.30
• Price to Book (P/B): -27.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.96
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$2.50
• Price Target Upside: 168.82% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: C$0.94 ▲(0.54% Upside)

The score is held down primarily by weak financial performance (pre-revenue, ongoing cash burn, and negative equity). Technicals are a relative positive with the stock trading above major moving averages and modestly positive momentum indicators. Valuation remains difficult to support due to negative earnings and no dividend data.

Positive Factors

Sizable tangible asset base

A material asset base (~$28.4M TTM) gives Frontier tangible development optionality for its lithium projects and potential collateral for financing. Over 2–6 months this supports project advancement and provides a buffer versus peers with fewer upstream assets, aiding long-term execution.

Year-over-year improvement in losses and cash burn

Operating cash flow and net losses have meaningfully improved versus FY2025 (operating OCF improving from ~-$19.0M to ~-$11.6M TTM), indicating progress in cost control and program efficiency. Sustained improvement reduces near-term refinancing pressure and extends project runway.

Exposure to structural EV and energy-storage demand

Frontier’s focus on spodumene pegmatite lithium development targets upstream battery-material supply, a structurally growing segment driven by EV and storage adoption. Over months, this strategic positioning preserves optionality for offtake, partnerships, or premium pricing in tight lithium markets.

Negative Factors

Pre-revenue operations

Being pre-revenue means Frontier has no operating income to fund development; commercial validation and revenue generation remain distant. This structural stage increases reliance on external capital, raises execution risk, and limits ability to self-fund projects over the next several quarters.

Negative shareholders’ equity and rising debt

The shift to negative equity and higher debt materially weakens financial flexibility and increases creditor risk. Structurally, negative equity constrains borrowing capacity, may require onerous financing terms or dilution, and limits strategic options during multi-quarter project development cycles.

Continued significant cash burn and funding reliance

Sustained negative OCF and FCF highlight ongoing cash consumption to advance projects. Over months this necessitates repeated external financing or JV deals, increasing dilution and execution risk, while any capital-market disruption could delay development milestones and commercial timelines.

Frontier Lithium Business Overview & Revenue Model

Company Description

Frontier Lithium Inc. engages in the acquisition, exploration, and development of mining properties in North America. Its flagship property includes the PAK Lithium project, which covers approximately 27,069 hectares comprising two mining leases and 1,368 contiguous mining claims located in northwestern Ontario, Canada. The company was formerly known as Houston Lake Mining Inc. and changed its name to Frontier Lithium Inc. in May 19, 2016. Frontier Lithium Inc. was incorporated in 1995 and is based in Val Caron, Canada.

How the Company Makes Money

Frontier Lithium generates revenue primarily through the exploration, development, and eventual sale of lithium resources extracted from its mining operations. The company's key revenue streams are expected to include the sale of lithium concentrate and lithium chemical products, which are essential for the manufacturing of batteries used in electric vehicles, consumer electronics, and energy storage systems. Significant factors contributing to Frontier Lithium's earnings include strategic partnerships with industry players for the development and commercialization of lithium projects, as well as favorable market conditions driven by the global shift towards renewable energy and electric transportation. The company also benefits from its focus on high-quality, high-purity lithium resources, which are in high demand for premium applications.

Frontier Lithium Financial Statement Overview

Summary

Frontier Lithium is struggling with profitability, as indicated by its income statement, and relies heavily on external financing to manage cash flows. While the balance sheet shows some stability through low leverage, the overall financial health is weak due to persistent losses and cash flow issues.

Income Statement

Frontier Lithium has consistently generated no revenue, indicating challenges in achieving profitability. The company has experienced increasing net losses, with negative gross profit and EBIT margins, signaling ongoing operational inefficiencies.

Balance Sheet

The company's balance sheet shows a moderate debt-to-equity ratio, suggesting limited leverage. Frontier Lithium has maintained a positive equity ratio, demonstrating some financial stability. However, the increasing liabilities and declining equity raise concerns about future solvency.

Cash Flow

Negative operating and free cash flows indicate cash burn issues, while significant financing cash inflows suggest heavy reliance on external funding. The lack of free cash flow growth points to potential liquidity challenges.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-807.00K	-652.00K	-14.19M	-406.00K	-4.26M	-77.97K
EBITDA	-13.11M	-19.70M	-23.87M	-24.10M	-11.27M	-8.23M
Net Income	-13.59M	-18.96M	-24.23M	-24.53M	-10.95M	-6.66M
Balance Sheet
Total Assets	28.42M	32.93M	35.20M	21.71M	24.63M	25.14M
Cash, Cash Equivalents and Short-Term Investments	14.95M	17.36M	27.37M	12.07M	17.69M	10.32M
Total Debt	5.56M	5.51M	120.00K	66.00K	108.00K	71.79K
Total Liabilities	36.14M	37.09M	1.96M	7.55M	1.31M	1.38M
Stockholders Equity	-8.41M	-5.06M	33.24M	14.16M	23.32M	23.75M
Cash Flow
Free Cash Flow	-15.27M	-22.94M	-17.82M	-15.71M	-11.49M	-2.71M
Operating Cash Flow	-11.58M	-19.03M	-17.35M	-14.29M	-7.34M	-1.04M
Investing Cash Flow	-3.69M	-3.89M	-365.00K	-1.43M	-4.15M	-1.51M
Financing Cash Flow	4.69M	28.23M	27.40M	915.00K	18.83M	12.29M

Frontier Lithium Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.93
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FL, the sentiment is Positive. The current price of 0.93 is above the 20-day moving average (MA) of 0.73, above the 50-day MA of 0.72, and above the 200-day MA of 0.59, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 82.31 is Negative, neither overbought nor oversold. The STOCH value of 84.15 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FL.

Frontier Lithium Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
LITH	56 Neutral	C$125.00M	-247.83	-0.96%	―	―	-107.23%
LI	52 Neutral	C$224.62M	-16.32	-7.81%	―	―	59.70%
FL	51 Neutral	C$195.98M	-15.60	-144.30%	―	―	34.36%
LTH	51 Neutral	C$249.19M	-74.59	-53.32%	―	―	93.58%
RCK	46 Neutral	C$103.80M	-7.87	-34.52%	―	―	36.48%
LBNK	39 Underperform	C$44.25M	-2.70	-122.87%	―	―	-692.49%

Frontier Lithium Corporate Events

Frontier Lithium Advances PAK Project with Strong Financials and Strategic Developments

Frontier Lithium has announced its financial results for the six months ending September 30, 2025, highlighting its strong liquidity position with $14.9 million in cash and cash equivalents. The company continues to advance its PAK Lithium Project, with significant developments including the publication of a Mine and Mill Feasibility Study and the initiation of a Lithium Conversion Facility Feasibility Study. The project is expected to have a transformative economic impact, contributing significantly to the regional economy and supporting Canada’s Critical Minerals Strategy. Additionally, Frontier Lithium has been selected for Ontario’s One Project, One Process Framework Guidance initiative, which aims to streamline permitting processes.

The most recent analyst rating on (TSE:FL) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Frontier Lithium stock, see the TSE:FL Stock Forecast page.

Frontier Lithium’s PAK Project Promises Economic Growth and Job Creation

Frontier Lithium has released a socioeconomic impact study for its PAK Lithium Project, highlighting its potential to drive economic growth and employment in Northwestern Ontario. The project is expected to significantly boost GDP, create numerous jobs, and support local businesses, aligning with Canada’s critical minerals strategies and enhancing the national battery supply chain.

The most recent analyst rating on (TSE:FL) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Frontier Lithium stock, see the TSE:FL Stock Forecast page.

Frontier Lithium’s PAK Project Selected for Ontario’s Streamlined Permitting Framework

Frontier Lithium has been selected to participate in Ontario’s ‘One Project, One Process’ framework, which aims to streamline the permitting process for mineral development projects by reducing review timelines by up to 50%. This selection highlights Frontier’s leadership in responsible lithium development and positions its PAK Lithium Project as a model for sustainable project development. The project is expected to significantly benefit Northern Ontario’s economy, potentially generating up to $1.5 billion in GDP and creating thousands of jobs. Additionally, the initiative aligns with broader provincial actions to support Northern Ontario’s growth and clean energy access.

The most recent analyst rating on (TSE:FL) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Frontier Lithium stock, see the TSE:FL Stock Forecast page.