FronFronteer Development Group Inc. reports that an independent Economic Impact Assessment of the Michelin uranium project indicates significant long-term economic benefits to regional governments and communities.

The Michelin Project, located in North Coast Labrador, Canada, is held by Aurora Energy Resources Inc., a wholly owned subsidiary of Fronteer.

The study estimates the Michelin Project would generate the following combined benefits for the communities and governments of Nunatsiavut and Newfoundland and Labrador:

• 31,200 person years of employment
• $2.9 billion in business and individual income
• $1.8 billion in tax revenues

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