Mr. Trevor Walker reports

FRONTIER LITHIUM AND HANWHA SIGN MEMORANDUM OF UNDERSTANDING TO EXPLORE STRATEGIC COOPERATION ACROSS THE LITHIUM VALUE CHAIN

Frontier Lithium Inc. has entered into a non-binding memorandum of understanding with Hanwha Corp. and Hanwha Ocean Co. Ltd. to establish a framework for evaluating potential co-operation across the lithium value chain.

Under the MoU, the parties will evaluate opportunities related to the potential supply and purchase of lithium products, including battery-grade lithium products from Frontier's proposed integrated lithium operations in Ontario. The parties will also explore broader strategic, technical and commercial cooperation opportunities, including potential strategic investment and project-level financing, in support of developing secure and regionally integrated critical mineral supply chains.

The MoU contemplates further discussions regarding potential long-term commercial arrangements, including possible offtake by Hanwha and/or its affiliates, subject to due diligence, internal approvals and the negotiation of definitive agreements.

The engagement reflects Hanwha's broader interest in Canadian industrial partnerships, including its participation in the Canadian patrol submarine project procurement process. In this context, and in support of broader Canadian industrial engagement, strategic critical mineral collaboration and long-term supply chain participation associated with CPSP, Hanwha is reviewing potential co-operation opportunities with Canadian counterparties, including Frontier whose strategy is aligned with these objectives.

"This memorandum of understanding establishes a framework for continued dialogue as we evaluate areas of potential collaboration," said Trevor Walker, president and chief executive officer of Frontier Lithium. "Frontier's integrated mine-to-chemical strategy is designed to provide a reliable North American source of battery-grade lithium products, and we believe there is a strong alignment between our development plans and Hanwha's long-term requirements for advanced battery materials."

Jung Hoon Choi, executive vice-president, naval ship global strategy department, of Hanwha Ocean, added: "Hanwha recognizes the growing strategic importance of secure and sustainable lithium supply chains for advanced technologies and energy storage applications. Through this memorandum of understanding, we look forward to evaluating opportunities with Frontier Lithium and its partners related to lithium supply, project development and broader industrial co-operation."

As countries seek to strengthen domestic and allied supply chains for critical minerals, lithium has emerged as a strategic material supporting energy security, advanced manufacturing and national security objectives. The increasing deployment of lithium-ion-battery systems across transportation, industrial, energy storage, maritime and defence applications underscores the importance of establishing reliable North American sources of lithium chemicals and battery materials.

The MoU is non-binding and provides a framework for further discussions between the parties. Any future commercial arrangements, investment commitments, financing support or offtake agreements would be subject to satisfactory due diligence, negotiation of definitive agreements, and applicable corporate and regulatory approvals.

About Frontier Lithium Inc.

Frontier Lithium is a preproduction mining company with an objective to become a strategic and integrated supplier of premium spodumene concentrates, as well as battery-grade lithium salts to the growing electric vehicle and energy storage markets in North America. The company's PAK lithium project maintains the largest land position and resource in a premium lithium mineral district located in Ontario's Great Lakes region.

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