Canadian lithium miner Frontier Lithium announced last Thursday that the final feasibility study of its PAK project, located in northern Ontario with a total investment of CAD 943 million, showed that the project's lithium ore reserves had increased by 37% compared to the 2023 pre-feasibility study. The study estimated the project's net present value at CAD 932 million (with an 8% discount rate), laying the foundation for the company to make a final investment decision within the next two years. Currently, the project financing is progressing smoothly, and the permitting approval process has been initiated, with completion expected by mid-2027. The project is being developed in collaboration with the Mitsubishi Group, covering a mining area of 280 square kilometers. It has proven reserves of 31.1 million mt of lithium oxide with a grade of 1.51%, and the newly discovered Bolt deposit has inferred resources of 5.5 million mt with a grade of 1.23%.