New Risk • May 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$131.4m (US$96.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$13m free cash flow). Negative equity (-CA$10m). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (CA$5.8m net loss in 3 years). Market cap is less than US$100m (CA$131.4m market cap, or US$96.0m). Announcement • May 09
Frontier Lithium Inc. Announces Establishes Executive Advisory Council Frontier Lithium Inc. announce the establishment of an Executive Advisory Council ("EAC") as part of its transition toward execution readiness for the PAK Lithium Project and related strategic initiatives. Bruce Turner, P.Eng.Mr. Turner was recently an advisor to Compañía Minera Zafranal ("CMZ"), a joint venture company advancing the Zafranal Project in southern Perú, and to Mitsubishi Materials Corporation for its projects and operations in Chile. His previous roles include Executive Director of CMZ, President of Minera Escondida Ltda. (BHP's Escondida copper mine), and President of AQM Copper Inc. as well as the Project Manager for BHP Diamonds Inc. (NWT Diamonds) from 1993 to 1995. During this period at BHP Diamonds Inc., Mr. Turner was instrumental in managing the technical, operational and infrastructure challenges of establishing Canada's first major subarctic diamond mine.Mr. Turner is a Professional Engineer and holds a Bachelor of Applied Science in Mining Engineering from the University of British Columbia and a Doctor of Technology (Honorary) from the British Columbia Institute of Technology. He has also completed the Advanced Management Course at Harvard Graduate School of Business Administration. Fluent in English and Spanish, Mr. Turner has worked on mining projects in Canada, Chile, Australia, Papua New Guinea, and Perú and brings extensive expertise in open-pit mining and large-scale project development. Dr. David Deak, PhDDr. Deak is a recognized leader in the lithium-to-EV value chain. Dr. Deak is an entrepreneur with experience spanning lithium mining, battery materials and supply chain development, renewable energy and storage, and electric vehicles. He is President of Marbex LLC, a battery and critical materials consultancy, and is engaged with a portfolio of initiatives in the energy and critical minerals space.Dr. Deak was formerly Chief Technology Officer and Senior Vice President at Lithium Americas Corp. He held roles at Tesla Inc., Ambri Inc. (an MIT spin-out), Lux Research Inc., and Siemens Wind Power. He was educated at the University of Toronto and the University of Oxford and is based in the San Francisco Bay Area. Announcement • Apr 30
Frontier Lithium Inc. has completed a Composite Units Offering in the amount of CAD 15 million. Frontier Lithium Inc. has completed a Composite Units Offering in the amount of CAD 15 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 20,000,000
Price\Range: CAD 0.75
Discount Per Security: CAD 0.045
Transaction Features: Regulation S; Rule 144A