The Globe and Mail reports in its Wednesday, March 6, edition that Desjardins Securities analyst Frederic Tremblay is holding on to his "buy" recommendation and $2.50 share target for Frontier Lithium. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $3.28. Mr. Tremblay sees Frontier Lithium's announcement of a definitive agreement with Mitsubishi to establish a joint venture partnership for its PAK lithium project and planned lithium chemicals conversion facility as a "significant milestone." He likes the near-term nature of the financing and "quality" of the strategic partner. Mr. Tremblay says in a note: "Mitsubishi will acquire an initial 7.5-per-cent interest in the PAK lithium project for $25-million, which will meaningfully enhance Frontier's financial position and is expected to be sufficient to cover expenses related to the definitive feasibility study (DFS). In addition to the DFS and the potential for Mitsubishi to increase its JV interest to 25 per cent, we view infrastructure development as a key success factor. We continue to wait for updates on this front." Mr. Tremblay adds that he is waiting for more clarity on other project milestones.