An Ontario-based junior miner turned heads this afternoon following an announcement made by Provincial Energy Minister Greg Rickford , pertaining to Ontario beginning a Critical Minerals Strategy with the main goal being to make the Province a global hub for EV manufacturing due to their mineral district known as the “Electric Avenue.” Mineral companies in the region, including Frontier Lithium Inc. (TSX-V:FL), saw their shares rally as the continued exploration of the mineral district is assumed to grow revenues across the board.
Frontier Lithium is engaged in the acquisition, exploration, and development of mining properties. It has a land position on the Electric Avenue, Ontario's newly emerging premium lithium-metal district hosted in the Canadian Shield of northwestern Ontario. The company project includes PAK Lithium Project encompasses approximately 26,774 hectares located 175 kilometres north of Red Lake in northwestern Ontario.
This was clearly a strategic move for the company as shares are currently trading at $1.05/share (+9.38%) as we head into the final hour of trade. This price appreciation is a strong continuation of the success this stock has had this year, coming from a 52-week low of $0.14/share.
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