SUDBURY,
ON, April 18, 2023 /CNW/ - Frontier
Lithium Inc. (TSXV: FL) (FRA: HL2) (OTCQX: LITOF) ("Frontier" or
"the Company") today announced that Mr. Tony Zheng, who has served as CFO, will be
leaving the Company due to personal reasons effective April 27, 2023.
Frontier has appointed Mr. John
Didone, a long-time member of its Board of Directors, as the
Acting Chief Financial Officer. Mr. Zheng will provide advisory
services for a period of time to support Mr. Didone and ensure a
smooth transition. Mr. Didone will hold this position until a
replacement has been appointed.
Trevor Walker, Chief Executive
Officer, said, "On behalf of the Company, I would like to thank
Tony for his short but impactful service as CFO and wish him all
the best going forward."
Mr. Didone was a Partner at SRWC LLP, Chartered Professional
Accountants based out of Sudbury,
Canada. He has been with the firm since 1980 and over this
time has gained considerable insight of business affairs, in
particular his demonstrated experience offering professional advice
on the expansion of national companies. Mr. Didone is in familiar
with Frontier's strategic goals, staged growth strategy and has
experience working with mining and construction sectors. He
graduated from Laurentian University's
Commerce program earning an H.B.Com and maintains designations
and/or certifications as a CPA, CA, CMA.
About Frontier Lithium
Frontier Lithium is a preproduction business with an objective
to become a strategic domestic supplier of spodumene concentrates
for industrial users as well as battery-grade lithium hydroxide and
other chemicals to the growing electric vehicle and energy storage
markets in North America. The
Company maintains the largest land position and resource in a
premium lithium mineral district located in Ontario's Great Lakes region.
About PAK Lithium Project
The PAK lithium project contains one of North America's highest-grade lithium
resources. The project encompasses close to 27,000 hectares and
remains largely unexplored; however, since 2013, the company has
delineated two premium spodumene-bearing lithium deposits (PAK and
Spark), located 2.3 kilometres apart. Exploration is continuing on
the project through two other spodumene-bearing discoveries: the
Bolt pegmatite (located between the PAK and Spark deposits), as
well as the Pennock pegmatite (25 kilometres northwest of PAK
deposit within the project claims). A 2021 preliminary economic
assessment (National Instrument 43-101 technical report titled "NI
43-101 Technical Report, Pak Property, PAK, Red Lake Mining
District, Ontario, Canada" by BBA
E&C Inc., with an effective date of April 5, 2021) delivered a fully integrated
lithium operation, including the mine and mill and the conversion
plant for production of battery-quality lithium salts.
Forward-looking Statements
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This release includes certain statements
that may be deemed "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address future production, reserve potential, exploration drilling,
exploitation activities and events or developments that the Company
expects are forward-looking statements. Although the Company
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or
developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results
to differ materially from those in forward looking statements
include market prices, exploitation and exploration successes,
continued availability of capital and financing, and general
economic, market or business conditions. Investors are cautioned
that any such statements are not guarantees of future performance
and those actual results or developments may differ materially from
those projected in the forward-looking statements. For more
information on the Company, Investors should review the Company's
registered filings available at sedar.com.
SOURCE Frontier Lithium Inc.