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Mitsubishi Corporation and MEDIPAL HOLDINGS CORPORATION expand strategic alliance to advance healthcare, food, and consumer products. 2026-08-07 TOKYO, August 7, 2026 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Corporation ("MC") and MEDIPAL HOLDINGS CORPORATION ("MEDIPAL") are pleased to announce a strategic alliance designed to deepen collaboration across healthcare, food, and consumer products. The alliance expands a long-standing partnership that has delivered value in Japan's healthcare sector for more than two decades. Through this enhanced alliance, the two companies will broaden cooperation across a wider range of businesses and pursue new opportunities to address evolving societal needs while supporting healthier and more sustainable lifestyles. As part of the alliance, MC and MEDIPAL have transitioned the ownership structure of MC Healthcare Holdings, Inc. to an equal 50:50 voting arrangement. As joint management partners, the companies will collaborate more closely to accelerate growth, strengthen competitiveness, and further enhance the corporate value of MC Healthcare Holdings. MC and MEDIPAL have built a strong and trusted partnership since entering into a comprehensive healthcare business alliance in 2005. Building on this foundation, the new alliance expands collaboration beyond healthcare into the food and consumer products sectors. Today, Japan's healthcare system faces mounting challenges, including demographic change, rising healthcare expenditures, shortages of healthcare professionals, increasing logistics and operating costs, and growing complexity in pharmaceutical supply chains. At the same time, heightened consumer interest in prevention, wellness, and self-care is creating new opportunities that extend beyond traditional healthcare and require greater collaboration across industries. Addressing these challenges requires an integrated approach that optimizes the entire value chain, from procurement and logistics to healthcare operations support. Significant opportunities are also emerging in areas such as pharmaceutical services, preventive and pre-symptomatic healthcare, self-care and self-check solutions, healthcare data utilization, and nutritional health promotion. Under the alliance, MC will leverage its deep industry expertise and global network, while MEDIPAL will contribute its nationwide distribution infrastructure for pharmaceuticals and consumer products, together with its long-standing relationships with healthcare institutions. By combining these complementary strengths, the companies aim to build a more integrated ecosystem that delivers value to healthcare providers, consumers, and regional communities alike. The companies will expand the reach of MC Healthcare Holdings from major acute-care hospitals to a broader range of healthcare providers, including small and medium-sized hospitals and clinics. By drawing on their combined expertise and logistics capabilities, MC and MEDIPAL will help improve operational efficiency across healthcare institutions while reinforcing stable and reliable access to pharmaceuticals and medical supplies. Through these efforts, the companies aim to contribute to a more resilient and sustainable regional healthcare infrastructure. In addition, the companies will expand logistics collaboration initiatives between Mitsubishi Shokuhin Co., Ltd. and PALTAC CORPORATION while accelerating the development of new businesses and investment opportunities. They will also promote personnel exchanges to foster mutual understanding and talent development, further strengthening collaboration across their respective organizations. Through this strategic alliance, MC and MEDIPAL aim to help build more sustainable healthcare, food, and consumer product ecosystems that create lasting value for society. About Mitsubishi Corporation | Company Name | Mitsubishi Corporation | | Headquarters | 3-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, 100-8086, Japan | | Representative | Katsuya Nakanishi,Director, President and Chief Executive Officer | | Business | Mitsubishi Corporation has eight business groups spanning a broad range of industries: Energy & Power Solution, Materials Solution, Mineral Resources, Urban Development and Infrastructure, Mobility, Food Industry and Smart-Life Creation (S.L.C.). In addition to trading, MC works with partners to take on roles in development, production, and manufacturing at sites around the world. | | URL | www.mitsubishicorp.com | About MEDIPAL HOLDINGS CORPORATION | Company Name | MEDIPAL HOLDINGS CORPORATION | | Headquarters | 3-1-1 Kyobashi, Chuo-ku, Tokyo 104-8461 Japan | | Representative | Shuichi Watanabe,Representative Director, President and CEO | | Business | As a holding company, MEDIPAL HOLDINGS controls, administers and supports the operating activities of companies in which it holds shares in the Prescription Pharmaceutical Wholesale Business;the Cosmetics, Daily Necessities and OTC Pharmaceutical Wholesale Business; and the Animal Health Products and Food Processing Raw Materials Wholesale Business, and conducts business development for the MEDIPAL Group. | | URL | https://www.medipal.co.jp/ | About MC Healthcare Holdings, Inc. | Company Name | MC Healthcare Holdings, Inc. | | Headquarters | Shinagawa East One Tower 12F, 2-16-1 Konan, Minato-ku, Tokyo 108-0075 | | Representative | Yutaka Suzuki, President and CEO | | Business | Formulation and management of the Group's management strategy, as well as business strategy and development within the Group, and other incidental tasks | | URL | https://mchg.jp/ | Materiality Based on the Three Corporate Principles, which serve as MC's core philosophy, MC has continued to grow together with society by contributing to the sustainable development of society through its business activities while pursuing value creation. While continuously creating Shared Value guided by the Materiality, a set of crucial societal issues, MC will continue to strengthen its efforts towards sustainable corporate growth. Guided by this Materiality, MC will continue to strengthen its efforts towards sustainable corporate growth. Out of the six material issues relating to "Realizing a Carbon Neutral Society and Striving to Enrich Society Both Materially and Spiritually", this project's activities particularly support "Promoting Stable, Sustainable Societies and Lifestyles" and "Addressing Regional Issues and Growing Together with Local Communities". Inquiry Recipient Mitsubishi Corporation Telephone:+81-3-3210-2171

Frontier Lithium signs nrcan contribution agreement to advance by-product valorization at The PAK Lithium Project. Aug 06, 2026, 08:00 ET GREATER SUDBURY, ON, Aug. 6, 2026 /CNW/ - Frontier Lithium Inc. (TSXV: FL) (FRA: HL2) (OTCQB: LITOF) ("Frontier" or the "Company") is pleased to announce that through its subsidiary, Frontier Lithium Advanced Materials Inc., it has entered into a contribution agreement ("Agreement") with Natural Resources Canada ("NRCan") under the Global Partnerships Initiative ("GPI" or the "Program") to support the advancement of by-product valorization initiatives at the Company's proposed PAK Lithium Project in northwestern Ontario ("Project"). The GPI advances Canada's global leadership in critical minerals by supporting responsible value global supply chains, advancing partnerships, and improving the competitiveness and sustainability of the Canadian mining sector. The executed Agreement for the Program follows the Company's previously announced conditional approval under the Program and formalizes NRCan's support for advancing towards commercialization treatment options of secondary materials generated from lithium processing. Under the Program, Frontier plans to advance technical and economic feasibility work focused on optimizing lithium refining flowsheets and identifying opportunities to extract additional value from process waste streams. The Program provides for a non-repayable contribution to the Company of up to $2.3 million, subject to the terms and conditions of the Agreement. The Program will assess the advancement of pathways towards commercialization for valorizing secondary materials generated during the lithium conversion process, specifically the evaluation of sodium sulphate by-product for use in the production of specialty fertilizer that has high commercial value and is critical for specialty agricultural applications. The Project will result in improvements in resource efficiency, recovery rates, and environmental performance of the overall lithium conversion process. Identifying and utilizing alternative applications for potential by-products generated from the Project will play a significant role in reducing the overall environmental impact of operations. By transforming these materials into valuable products, the Project will contribute to societal benefits, such as the creation of new employment opportunities. This strategy will also enhance the appeal and competitiveness of Canadian companies within the battery supply chain, positioning them as leaders in sustainable resource management and responsible development. "Canada is making strategic investments to strengthen our critical minerals value chain and get more from the resources we produce," said the Honourable Tim Hodgson, Minister of Energy and Natural Resources. "Our government's support for Frontier Lithium will help advance innovative approaches to improving efficiency, reducing waste and creating new economic opportunities for Canadians." Trevor Walker, President and Chief Executive Officer, commented: "Our development strategy is focused on a phased approach, beginning with the establishment of the mine followed by the conversion facility. This sequential plan ensures we efficiently advance toward a vertically integrated lithium operation while maintaining flexibility for future growth. The work supported under the GPI agreement is integral to this approach, as it not only strengthens our commitment to responsible development but also enhances Canada's global leadership in critical minerals by promoting sustainable value chains and supporting international partnerships." The work supported under the GPI Agreement aligns with Frontier's broader strategy to develop a responsible, vertically integrated lithium project that contributes to secure resilient North American battery supply chains. On Behalf of the Board of Directors Trevor Walker Chief Executive Officer About Frontier Lithium Frontier Lithium Inc. is a pre-production 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 encompasses a large land position and resource in a premium lithium mineral district located in Ontario's Great Lakes region. About the PAK Lithium Project The PAK Lithium Project is a fully integrated critical minerals initiative in Ontario, developing North America's highest-grade known lithium resource. Operated as a joint venture between Frontier (92.5%) and Mitsubishi Corporation (7.5%), the Project is advancing, in parallel, a mine and mill, and downstream lithium conversion facility in Thunder Bay, Ontario, which are both key to supporting a secure domestic lithium supply for a clean energy transition. A 2025 Mine and Mill Feasibility Study, prepared by DRA and entitled National Instrument 43-101 Technical Report FS PAK Lithium Project, Mine and Mill, outlines a 31-year Project life with an after-tax net present value of $932 million at an 8% discount rate and an after-tax internal rate of return of 17.9%. These results are disclosed in a press release dated May 28, 2025, and the accompanying technical report was filed on July 9, 2025 on SEDAR+ (www.sedarplus.ca). Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact constitute forward-looking statements. Forward looking statements contained in this news release may include, but are not limited to, estimated capital allocated by the Company to the Project, the GPI program, its funding and eligible cost reimbursements, the PAK Lithium Project and its estimated economics, and statements with respect to: capital requirements and private and/or public financing initiatives and completion of these financings (if any), estimated mineral resources, estimated capital costs to construct a mine and conversion facilities, estimated operating costs, estimated cash flows, net present value, the feasibility study and references thereto, and statements that address future production, resource and reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects, including but not limited to capital and operating costs, timelines, internal rates of return, and project development milestones. Forward-looking statements involve inherent risks and uncertainties. Risk factors that could cause actual results to differ materially from those in forward looking statements include: market prices for commodities, increases in capital or operating costs, construction risks, availability of infrastructure including roads, regulatory and permitting risks, exploitation and exploration successes, continued availability of capital and financing, financing costs, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, please review the Company's public filings available at www.sedarplus.ca. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Frontier Lithium Inc. Company Contact Information: Bora Ugurgel, Senior Manager, Investor Relations, 2614 Belisle Drive, Val Caron, Greater Sudbury, Ontario, P3N 1B3 CANADA, T. +001 705.897.7622, F. +001 705.897.7618