HLM Announces Change of Name to Frontier Lithium

Sudbury, Ontario –July 7, 2016 – Houston Lake Mining Inc. (TSX.V: HLM) (the “Company”) announced today that it has changed its name to Frontier Lithium Inc. (“Frontier”) and that its outstanding common shares will trade under the stock symbol “FL”. Subject to TSX Venture Exchange approval, it is expected that the common shares of the corporation will commence trading as of market open on July 11, 2016. The new CUSIP / ISIN for the outstanding common shares is 35910P109 / CA35910P1099. Re-branding reflects the evolution of the Company since the discovery drill-hole of the PAK lithium deposit located in Ontario in the winter of 2013 and disposition of unrelated assets. Please visit www.frontierlithium.com for viewing and further information.

“The word ‘frontier’ perfectly captures the Company’s focus on exploration, discovery, and progress,” commented Trevor R. Walker, President. “The new name pinpoints the Company’s position in the burgeoning global lithium market. We stand at the forefront of lithium exploration and development due to our large, unique, high purity (low-iron), high-grade spodumene deposit in Ontario.”

About Frontier Lithium Inc.

Frontier’s goal is to become a low-cost, fully integrated lithium and tantalum producer through development of the PAK lithium deposit in Ontario, Canada. Frontier maintains a tight share structure with management ownership exceeding 30% of the Company. CAD $4 million of exploration work has been conducted from 2013 to 2016 on the deposit which boasts its lithium in a rare, high-purity, low-iron spodumene. The Company has adopted a staged growth approach to exploration and development in order to avoid unnecessary share dilution – a strategic imperative for the Company. The initial target market is the ceramic/glass industry which consumes roughly one-third of global lithium supply and is currently faced with monopolistic conditions, coupled with major lithium producers increasingly directing output toward supporting battery manufacture.

Ceramic/glass customers prefer to source technical-grade (low-iron) spodumene concentrate in excess of 7% lithium oxide (Li2O), if available, to avoid inferior lower grade petalite concentrates, or paying much higher prices for battery grade lithium compounds that require chemical plants costing hundreds of millions of dollars.

The PAK lithium deposit remains open in all directions and Company Management believes the resource can be developed into a world-class operation. Once production of lithium concentrates are established from Frontier, the possible second stage of investment and longer term prospect is to further process some of PAK’s output to produce the higher purity lithium compounds required for lithium battery technologies used in the electrification of transportation and electric grid storage applications.

For additional information, please visit the company website at www.frontierlithium.com

About the PAK Lithium Project

The PAK Lithium Project lies close to the boundary between two geological sub-provinces of the western Superior geologic province in northwestern Ontario and hosts a rare metals pegmatite deposit. The deposit is an LCT (lithium- cesium- tantalum) type pegmatite. These types of pegmatites have been the principal source of hard rock lithium, tantalum, rubidium and cesium ores mined in the world but there are comparatively few commercially-viable deposits.

Frontier is actively exploring its 100% owned project which contains the Pakeagama Lake pegmatite. The PAK deposit is one of the highest grade lithium mineral resources in North America which has a current Measured and Indicated Resource of 7.89 million tonnes of 1.73% Li2O equivalent (eq.) and Inferred Resource of 295,600 tonnes of 1.35% Li2O eq. which has a technical/ceramic grade spodumene with low inherent iron (below 0.1% Fe2O3). The deposit has adjacent zones that are enriched in tantalum and rubidium. HLM is also evaluating the phased co-production of tantalum and mica-product concentrates once lithium mineral production has been commercialized.

The deposit now has a known 500m strike length with an estimated true width varying from 10m to 125m with a sub-vertical orientation. The resource remains open to depth and along strike to the northwest and southeast.

Back Next Article Previous Article

Get all the latest on Frontier Lithium

Stay informed and sign up for our electronic newsletter. Add your email to our list.

A Canadian Lithium Company developing a World-Class Deposit.