Frontier Energy Limited (ASX:FHE) (Frontieror the Company)Company) is pleased to announce it has re-commenced trading on ASX following strong demand for an $8 million capital raising.


HIGHLIGHTS

  • Frontier (formerly Superior Lake Resources) recommenced trading on ASX following strong demand for an $8M capital raising to develop the BSS Project
    • The BSS Project is significantly advanced with development approval granted, electricity connection application in progress and world class supporting infrastructure ensuring rapid advancement towards production
  • The Company will assess potential expansion of the BSS Project and additional clean energy alternatives in the future, including wind energy, storage as well as green hydrogen production
  • Former BC Iron (ASX: BCI) and Vimy Resources (ASX: VMY) CEO, Mike Young, was appointed Frontier’s Managing Director with Grant Davey Non-Executive Chairman
  • The board provides experienced finance, media, marketing and government relations executives including Chris Bath (Executive Director) and Dixie Marshall (Non-Executive Director)
  • The Board and Management team contributed~ $1.9million of the total $8million capital raising, including $1million from Chairman Grant Davey

Managing Director Mike Young said, “The renewable energy industry offers significant growth opportunities, particularly to support nearby aluminium mining and the Collie and Kwinana industrial precincts, all of which require massive decarbonisation. This is why we decided to transition from mining exploration and focus on clean energy opportunities.

“The BSS Project is strategically located in the heart of WAs southwest, one of the fastest growing regional areas in Australia. Thelocal population and the WA Government are extremely supportive and progressive regarding the future requirement for renewable energy solutions in the region.

“The BSS Project is close to the Port of Bunbury and is well located near excellent supporting infrastructure including, roads, water, airports, multiple ports, and a highly skilled local workforce, giving it an advantage over similar but more isolated projects.

Click here for the full ASX Release

This article includes content from Frontier Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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