Frontier Lithium and Mitsubishi to from a joint venture to acquire PAK Lithium Project mine in a C$333m deal.

Frontier Lithium, a Canadian lithium mining company, and Mitsubishi to from a joint venture to acquire PAK Lithium Project mine located in Ontario, Canada, in a C$333m deal. Mitsubishi will acquire a 7.5% equity interest in the JV for C$25m. "Today marks a significant milestone for Frontier Lithium as we progress towards our goal of becoming a key lithium supplier to the North American EV battery materials supply chain. Mitsubishi's investment reflects confidence in Ontario's jurisdiction, the quality and scale of our asset, and Frontier's operational expertise. We are honored to welcome Mitsubishi to the PAK Lithium Project and know we will benefit from their integrity, fairness, and impressive track record in co-developing major projects around the world. A strong, strategic, and steadfast partner allows us to develop our world-class asset and focus on the long-term value creation for shareholders, communities, and all stakeholders," Trevor Walker, Frontier Lithium President and CEO.