Frontier Lithium secures $3.35 million financing, plans to build lithium conversion facility
Frontier Lithium (TSXV:FL:CA) Tuesday said it has entered into a definitive agreement for the financing of an unsecured convertible loan of the company for aggregate gross proceeds of $3.35 million.The lender of the convertible loan is considered a \"related party\" of the company.The net proceeds from the financing will be used to purchase a vacant industrial site on Mission Island in Thunder Bay, Ontario, on which the company plans to build a Lithium Conversion Facility.
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