11:28 AM EST, 12/08/2023 (MT Newswires) -- BMO Capital Markets on Friday initiated coverage of Frontier Lithium (FL.V) with a market-perform rating but no price target.

"We are initiating coverage of Frontier Lithium with a Market Perform rating. Frontier is differentiated from peers by its high-grade resource and plans to develop an integrated mine-to-chemicals operation to produce spodumene concentrate and battery grade products in Ontario, Canada. However, development capital requirements are significant relative to Frontier's current scale, which could present challenges in an environment where capital can be scarce for large-scale greenfield projects. As such, we remain on the sidelines, awaiting further clarity on funding plans," analyst Greg Jones wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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