Millennial Lithium

V.ML, Millenial Lithium, lithium, ArgentinaMillennial Lithium Corp. (V.ML | OTC.MLNFL | Frankfurt A3N2 ) is an emerging exploration and development company focused on world class lithium assets in Argentina.

For more information see Millennial’s website here

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Exploration Drilling Expands Lithium Brine Horizon To REMSA License at Pastos Grandes

Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2:GR) (OTCQB: MLNLF) (“Millennial” or the “Company”) is pleased to report positive drilling and analytical results from the latest complete exploration wells at its Pastos Grandes Project in Salta, Argentina. All four new exploration holes (PGMW18-12—15) completed to date have terminated in thick lithium-bearing brine zones with Hole 15 intersecting lithium grades reaching up to 500 mg/L Li with the lithium horizon displaying a thickness of 236 metres.

Millennial CEO, Farhad Abasov, commented: “We are very encouraged to see that drilling on the REMSA license at Pastos Grandes salar continues to encounter very thick lithium brine-bearing sequences significantly extending the area of known lithium-rich brine further south. We continue to drill on the REMSA license, seeking to expand the lithium resource in support of the project’s Feasibility Study.”

Exploration holes PGMW18-12, PGMW18-13, PGMW18-14 and PGMW18-15 were drilled to depths of 554 metres (m), 559m, 635m and 594m respectively and all wells terminated in brine-bearing sand. These holes confirm the extension of the brine on to the contiguous REMSA license south of the original core Pastos Grandes licenses. The first three holes are located in a north-south line extending south from PGMW17-04, extending the area of known mineralization a further 3,000m into the REMSA license. Hole PGMW18-15 is located approximately 2,000m to the west of the north-south line and also intersected a thick lithium-bearing brine horizon (see Table 1). All wells bottomed in Li-bearing brine hosted by fine to coarse-grained sand which acts as a strong aquifer.

Exploration well PGMW18-12, drilled to a final depth of 554m, and was sampled using a double packer system, as were all four wells discussed in this release, which is designed to isolate sample intervals. Six brine samples were collected from well PGMW18-12 from 383m to 504m (121m interval) outlining a robust brine horizon grading 491 mg/L Li over a minimum of 121m and bottomed in a flowing sand unit which prevented additional sampling at the bottom of the hole. Impurity levels in the brine are lower than previous drilling at Pastos Grandes with a Mg/Li of 5.8 and a SO4/Li of 17.6. The chemistry of this brine horizon supports the general interpretation that lithium grades are increasing to the south and impurities are decreasing. For reference, the average resource grade for the northern Measured + Indicated resources is 445 mg/l Li, the average Mg/Li is 6.3 and the average SO4/Li is 18.2 (see news release dated Nov. 29, 2017).

Table 1 Summary of Current drill results.

HOLE ID FROM (m) TO (m) THICKNESS (m) Li (mg/l) Mg/Li SO4/Li
PGMW18-12 383 504 121 491 5.8 17.6
PGMW18-13 499 554 55 414 6.9 23.9
PGMW18-14 306 635 329 432 6.2 20.0
PGMW18-15 83 594 511 451 5.8 Pending
Including 358 594 236 500 5.5 Pending

Well PGMW18-13 is located approximately 1500m south of PGMW18-12 and was drilled to a depth of 559m with 5 samples taken in the lithium-rich horizon. The lithium-bearing aquifer in this well is located at a greater depth, from approximately 450m to the bottom of the well. The increase in the thickness of the overlying halite unit suggests that this location may be located closer to the basin depocenter. Well PGMW18-13 remains open at depth, yielding 55m of lithium-brine with an average grade of 414 mg/L Li from 499m to 554m with a Mg/Li of 6.9 and a SO4/Li of 23.9. This hole bottomed in lithium brine rich sands as the hole was terminated due to limitations of the drilling machine.

Exploration well PGMW18-14 is located approximately 1500m south of well PGMW18-13 near the southern limit of the REMSA license and was drilled to a depth of 635m. 12 samples were taken over the lithium-rich interval. Lithium-rich sand and silt were intersected from 306m to 635m (329m); this interval yielded 432 mg/L Li, a Mg/Li ratio of 6.2 and SO4/Li of 20. Well PGMW18-14 also bottomed in lithium-brine bearing sand, similar to wells PGMW18-12 and PGMW18-13.

Lithium-rich brine was also intersected in well PGMW18-15 located approximately 2,000m southwest of PGMW18-12. This well displays a marked difference in geology, suggesting that that this hole is further removed from the basin depocenter. In the hole the halite horizon extends to only 170m deep followed by fine and coarse sand to the bottom of the hole at 594m. 27 samples were taken over the main 511m lithium brine interval, the thickest interval intersected to date. The brine-bearing section at this location contains an average grade of 451 mg/L Li with 5.8 Mg/Li. Within this thick lithium-rich aquifer is a higher grade zone from 358m to 594m (thickness of 236m) which yielded 500 mg/L Li and Mg/Li of 5.5. Sulphate analyses are pending and expected later in September.

A seismic survey was recently completed on the REMSA license, the results from which will greatly help with the interpretation of the latest drilling results and resource estimation. The results of that survey will be reported as they are received and the information is incorporated with existing drill results and CSAMT survey results over the same area.

Exploration drilling is ongoing with a rig currently at PGMW18-16 located 1200m southeast of PGMW18-12 currently at a depth of 602m and the second rig mobilizing to REM-01(1500m west of PGMW18-12). In addition, pumping tests are underway at PGPW17-4 and pilot evaporation ponds, approximately 3.25 ha in size, are being filled with brine to provide concentrated Li plant-grade feed for the Company’s pilot plant.

Sampling was conducted in accordance with CIM guidelines for brine resource evaluation, with an appropriate QA/QC program in place for ensuring accuracy and precision of the analytical results.

The primary analytical laboratory for the data used in this program is the SGS Laboratory in Buenos Aires, Argentina. SGS is accredited to ISO 9001:2008 and ISO14001:2004 for their geochemical and environmental labs for the preparation and analysis of numerous sample types, including brines.

This news release has been reviewed by Iain Scarr, AIPG CPG., Chief Operating Officer of the Company and a Qualified Person as that term is defined in National Instrument 43-101.

To find out more about Millennial Lithium Corp. please contact Investor Relations at (604) 662-8184 or email info@millenniallithium.com.

MILLENNIAL LITHIUM CORP.

“Farhad Abasov”

President and CEO, Director

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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of USD$ for Cdn$, fluctuations in the market for lithium, changes in exploration costs and government royalties or taxes in Argentina and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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Millennial Provides Update of Ongoing Feasibility Study and Pilot Testwork at its Pastos Grandes Lithium Project, Argentina

Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQB: MLNLF) (“Millennial” or the “Company”) is pleased to announce that there has been significant progress on its flagship Pastos Grandes Project in Salta, Argentina. Millennial has initiated numerous studies in support of its ongoing basic engineering and Feasibility Study recently initiated by WorleyParsons Chile.

Farhad Abasov, Millennial President and CEO, commented, “We are very pleased with the progress at our Pastos Grandes Project. WorleyParsons is advancing the Pastos Grandes Feasibility Study which remains on schedule for completion in Q1 2019. Technical studies in support of the Feasibility Study, including exploration drilling, pumping well tests and geophysics are well underway on the REMSA license that comprises part of the Pastos Grandes Project. The pilot pond earthworks have been completed and lining will begin shortly followed by filling the ponds with brine from our pumping well PGPW18-4. The pilot plant design is advancing and construction of the 3 tonne-per-month lithium carbonate plant is expected to begin in Q4 2018.”

Drilling

Exploration drilling has been initiated in the recently acquired REMSA license. Thirteen additional holes are programmed in the new area; this work is expected expand the lithium resources at the project and, with pumping tests, establish reserves for the project. First drill results from the current program are expected in September, 2018.

Pumping Well Testwork

A minimum three pumping wells are planned. The first is near previous hole PGMW17-4b which intersected an aquifer approximately 381.5m thick yielding 535 mg/l lithium. The pumping test work is scheduled to begin in early September 2018; the brine will be captured in the pilot ponds located adjacent to the well to be used for pilot-scale processing. The additional pumping wells are planned for the REMSA license and will be located once analytical data is received.

Pilot Pond Testwork

Pilot pond earthworks with internal baffles has been completed and lining of the ponds with geotextile followed by HDPE liner to commence by month end. The main pond set, consisting of four segments, is 150m by 150m and a second pond set measures 100m by 100m. These ponds are expected to provide plant grade brine via solar evaporation for a pilot plant that is planned produce lithium carbonate production data to be utilized in the detailed engineering for the commercial plant. Construction of the ponds is documented in recent photos located on the Company’s web-site (www.millenniallithium.com).

Geophysical Studies

Ground geophysical studies are also underway at Millennial’s Pastos Grandes Project including a seismic survey and a TEM survey, both designed to delineate the extension of the brine bearing horizon on the Pastos Grandes core licenses onto the contiguous REMSA license to the south. The surveys are in progress with estimated completion and interpretation delivery in September 2018.

Pilot Plant

An on-site laboratory and a pilot plant capable of producing 3 tonnes per month of lithium carbonate are in the design and procurements stages with construction to commence early in Q4 2018. The plant is to be operated at the project site near the pilot pond operation and is expected to include impurity removal via solvent extraction and, carbonation and ion exchange to produce high purity lithium carbonate. The plant will provide valuable data for the detailed engineering of the commercial plant, important operational experience for the Millennial team, and tonne-lot quantities of lithium carbonate for customer trials.

This news release has been reviewed by Iain Scarr, AIPG CPG., Chief Operating Officer of the Company and a Qualified Person as that term is defined in National Instrument 43-101.

To find out more about Millennial Lithium Corp. please contact Investor Relations at (604) 662-8184 or email info@millenniallithium.com.

MILLENNIAL LITHIUM CORP.

“Farhad Abasov”

CEO, Director

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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of USD$ for Cdn$, fluctuations in the market for lithium, changes in exploration costs and government royalties or taxes in Argentina and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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Millennial Lithium: Lithium Resource, Infrastructure, Margins

Farhad Abasov, President and CEO of Millennial Lithium (V.ML), has experience with shifting markets for the resource he’s looking for. As the President and CEO of Allana Potash, as he explored in Ethiopia for potash, he watched as the entire potash market changed in a couple of years. Now he is watching the lithium marketplace gyrate as his company explores for lithium in Argentina.

“The fundamentals in lithium have not changed significantly,” said Abasov. “But more people are looking at the details of particular projects. They want to understand the production issues and the costs. Which means they are separating the “fluff” from the real stuff.”

“On the demand side,” said Abasov, “the demand for electric vehicles has almost completely decoupled from oil prices. Now mass storage is becoming important.”

What all of this has done is upped the bar for lithium projects. “People are looking at the lowest cost quartile projects,” explained Abasov.

Which means that Millennial Lithium’s Pastos Grandes project in Salta Province Argentina has to demonstrate a robust resource and a path to production.

Millennial began that process in December of 2017 with a 43-101 compliant resource estimate of 2.1MMT in the measured and indicated category and an additional 0.9MMT inferred category. It followed up the resource estimate with a Preliminary Economic Assessment done by engineers at WorleyParsons and completed in February 2018. The PEA found an after-tax NPV8 of $824 million, based on production of 25 thousand tonnes per year lithium carbonate over a mine life of 25 years. So far so good. But the real test is the Feasibility Study.

Millennial has again commissioned WorleyParsons to look at the Pastos Grandes project in much greater detail. This Feasibility study will include the drilling results to date and will involve building a small-scale plant to process the lithium product. By building a pilot plant, WorleyParsons will gain real operating numbers on the actual lithium brine the project contains.

“We hope to have the Feasibility Study at the end of Q1 2019,” said Abasov. “If it is successful then we’ll be looking for financing to build the project.”

At the same time, Millennial is continuing to drill to expand and define its resource, “We hope to have results in the first week of September,” said Abasov. “The drilling is going pretty well. In line with expectations. We’ll expand the existing resource. We hope to use a high-grade resource for at least fifteen years.”

There has been some concern over the political and economic stability of Argentina in recent months but Abasov is not too worried. “We are in the very good mining jurisdiction of Salta Province. Nothing has changed there. There has been some pressure on the Argentinian peso but that seems to be stabilizing. Overall, the population is supporting reforms and things seem to be going in the right direction,” said Abasov.

In fact, Millennium is comfortable enough with Argentina and the prospects for lithium that it has acquired another lithium project to the northeast. “We a project at the Cauchari salar. We have an Environmental permit and are now awaiting community approval and hope to have drills turning in Q3,” said Abasov. “Everything is ready, the community is positive, there is plenty of infrastructure. Now we just have to go through the formal process.”

With one project heading towards feasibility and another in permitting, Millennial is committed to Argentina. However, Millennial is also committed to getting its projects built. “We’re in the process of selecting a lead financial adviser,” said Abasov. “The major funders are comfortable with Argentina. But they are also looking at reality. Only a handful of lithium projects with the best economics will come online.”

Millennial’s financial adviser will work towards either an M&A transaction or some sort of funding package. “We have people looking at our company,” said Abasov.

Resource definition, plus a positive Preliminary Economic Assessment plus a Feasibility Study backed with hard numbers from a fully functioning pilot plant all add up to an attractive acquisition target or joint venture situation. Being able to execute on the exploration and de-risking of an asset is what Abasov demonstrated at Allana.

Yes, the price of lithium has dropped from its highs but Abasov is confident, “We have very good margins even at today’s prices.”

Margins which Abasov hopes to see confirmed in Millennial’s forthcoming Feasibility Study. Stay tuned.


 

 

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Lithium Cash Crunch?

Bloomberg has an interesting article out on the difficulties lithium producers are having raising cash to go into production,

“Battery producers and automakers “have absolutely no clue on how long it takes to be able to put a mining project into operation,” said Guy Bourassa, chief executive officer of Nemaska Lithium Inc., which spent about 18 months piecing together a complex C$1.1 billion ($830 million) funding program for a mine and processing plant in Quebec. “There will be a big problem — it’s going to be an impediment” to raising supply, he said.

An “inability to access traditional funds has delayed the development of the sector,” said Richard Seville, CEO of Brisbane-based Orocobre Ltd., which began lithium sales in 2015 from northern Argentina, and experienced difficulty boosting output. “These projects aren’t easy — so the banks just don’t want to go there.”

Part of the problem is that lenders remain cautious of the risk of another commodity slump, Commonwealth Bank of Australia, the nation’s largest bank, said in an August presentation. It declined to comment specifically on the lithium market.”

Read the whole thing here.

In the face of the banks and conventional funders’ reluctance to take on lithium projects, some brine producers are de-risking their assets to the point of production and then looking for off take agreements which will serve as the plinth upon which the CAPEX can be funded. Others are looking at low CAPEX lithium solutions – our friends at Standard Lithium V.SLL are using low cost methods to process after brines and MGX Minerals (C.XMG) are looking at processing waste water from petroleum operations.

Banks and other senior financing institutions have adopted a “show me” attitude – so companies like Millennial Lithium (V.ML) and Advantage Lithium (V.ALL) are doing just that. Millennial just retained consultants to produce a Feasibility Study for its flagship Pastos Grandes Project in Salta, Argentina and Advantage just updated its  NI43-101 report on the resource upgrade of the Company’s flagship Cauchari Lithium Project in Jujuy, Argentina in preparation of a PEA in Q3 2018.

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Millennial Lithium Corp. Granted Environmental Approval to Drill Cauchari East Lithium Brine Project

Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) (Millennial” or the “Company”) is pleased to report that the Company has been granted the environmental permit to conduct geophysics and a drilling program of up to 6 wells on its Cauchari East lithium brine target in Jujuy Province, Argentina.

Millennial President and CEO, Farhad Abasov, states “We are pleased to have reached this milestone towards advancing exploration in this increasingly important lithium producing region. We are committed to exploring this target which adjoins known mineralization as defined by the two other explorers and developers in the Cauchari-Olaroz basin and which hosts the only new brine producer of the past 30 years, Orocobre’s Salar de Olaroz Lithium Facility. We look forward to the opportunity to further economic development in the region and in Jujuy Province. We have also obtained required community approvals in accordance with both Jujuy Province’s requirements and with our own commitment to community consultation and sustainability.”

Millennial’s Environmental Impact Report was submitted in support of its application to exercise the rights to explore and develop mineral resources in the initial 3000 hectare mining claim (cateo) comprising its Cauchari East project. The application, first submitted in early 2017, specified that the Company would engage in ground geophysics, followed by a 6-hole drilling program.

In Jujuy Province, such applications have to be submitted not only to the Mining Court and Mining Secretariat, but also directly to the specific communities with granted jurisdiction over the area of concern (in this case the towns of Huancar and Pastos Chicos), to the administrative office for the region (Susques), and to a multi-stakeholder panel, UGAMP. Millennial participated in the required three community meetings in both local communities, mining approvals from each, and subsequently from the Susques municipality. This cleared the way to present the report to the multi-stakeholder “UGAMP” committee and finally for a final technical review and approval by the Mining Director of Jujuy Province.

Work on the planned 6-hole drilling program on the Cauchari East project will commence immediately with an access survey and a TEM geophysics survey followed by an initial three reconnaissance core drill holes. If justified, up to three additional holes will be drilled to further define the limits of any mineralization.

This news release has been reviewed by Iain Scarr, AIPG CPG., Chief Operating Officer of Millennial and a Qualified Person as that term is defined in National Instrument 43-101.

To find out more about Millennial Lithium Corp. please contact Investor Relations at (604) 662-8184 or email info@millenniallithium.com.

MILLENNIAL LITHIUM CORP.

“Farhad Abasov”

President, CEO and Director

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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of USD$ for Cdn$, fluctuations in the market for lithium, changes in exploration costs and government royalties or taxes in Argentina and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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Millennial Lithium Corp. Receives Environmental Permit to Explore REMSA Area and Advance the Pastos Grandes Lithium Brine Project

Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) (Millennialor the Company) is pleased to report that it has received the environmental permit to commence exploration on the properties awarded to the Company by the Salta Provincial Energy and Mining Company (“REMSA”) (the “REMSA Properties”). The REMSA Properties form a part of the Company’s Pastos Grandes project. The Company’s agreement with REMSA (the “REMSA Agreement”) was detailed in the Company’s news release dated August 24 2017.

The receipt of the environmental permit triggers a one year, US$15.54 million (CAD$19.4M) exploration and development investment requirement under the REMSA Agreement. The Company intends to meet the requirement by completing additional geophysics, engaging in drilling and resource definition and building large scale evaporation ponds, a 3 tonne per month pilot plant and a larger camp to accommodate additional staff and contractors.

The Company intends to complete a Feasibility Study of the Pastos Grandes project, with the additional studies to support it, including a production well field model and reserves estimation.

Farhad Abasov, President and CEO of Millennial comments: “Having secured the environmental permit for the REMSA properties, Millennial is now in a position to start advancing on schedule our pilot studies and perform exploration work on the REMSA Properties. We hope that the exploration program on the REMSA properties will have a further positive impact on our already defined lithium brine resources for the Pastos Grandes project. In conjunction with obtaining the environmental permit, the surface conditions have improved following cessation of the summer wet season, allowing for drill access and commencement of work on our first brine containment and pilot scale evaporation ponds. We are also pleased to kick off our Corporate Social Responsibility program, developing infrastructure and businesses in the local community to support Millennial’s work and to further develop the economy, health and education for our neighbors in the village. The Company is in a strong cash position at this point with C$65 million in the bank which will allow us to conduct and complete all these programs on time.”

The drilling program will commence immediately with initial construction of 2.7km of roads accessing the REMSA Properties and drill platforms to accommodate the first two of 13 programmed exploration drill/monitoring holes, three of which will be paired with production scale pumping test wells.

As the drilling is being completed, the Company will advance engineering and procurement activities to commence with the next pumping tests, and construction of ponds, pilot plant and a larger camp.

Requests for quotes (RFQs) to undertake a Feasibility Study have been circulated to a number of international engineering firms with demonstrated capabilities in Argentina and in particular in lithium and evaporation processes. Evaluation of the quotes will commence in May, with the Feasibility Study report anticipated to start immediately upon the selection of an engineering company.

In cooperation with the Santa Rosa de los Pastos Grandes Community, the Company is embarking on construction of a warehouse and offices in the village. This structure will incorporate space for an indoor community recreation center, and for small community-owned businesses that will provide support services for the project and in the future for other nearby mining operators, visitors and residents. Millennial’s dedicated CSR initiatives augment the joint communities’ activities coordinated between the office of the Salta Mining Secretary and the other companies active in the Pastos Grandes basin.

This news release has been reviewed by Iain Scarr, AIPG CPG., Chief Operating Officer of Millennial and a Qualified Person as that term is defined in National Instrument 43-101.

To find out more about Millennial Lithium Corp. please contact Investor Relations at (604) 662-8184 or email info@millenniallithium.com.

MILLENNIAL LITHIUM CORP.

Farhad Abasov

President, CEO and Director

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.

This news release may contain certain Forward-Looking Statementswithin the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words anticipate, believe, estimate, expect, target, plan, forecast, may, scheduleand similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of USD$ for CDN$, fluctuations in the market for lithium, changes in exploration costs and government royalties or taxes in Argentina and other factors or information. Such statements represent the Companys current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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Millennial Lithium Corp. Begins Trading on the OTCQX Best Market

Millennial Lithium Corp. (TSXV:ML) (OTCQX: MLNLF) (“Millennial” or the “Company”) is pleased to announce that the Company has qualified to trade on the OTCQX Best Market, operated by OTC Markets Group Inc. As of market open April 3, 2018, Millennial will begin trading on OTCQX under the symbol “MLNLF” and will continue to trade on the Toronto Venture Exchange under the symbol “ML”

The OTCQX Best Market provides future and existing U.S based Millennial shareholders with simple and trustful trading of shares and convenient access to its new and current financial disclosures.

“Congratulations to Millennial Lithium Corp. on upgrading to the OTCQX Best Market,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. “We are pleased to see Millennial Lithium Corp. utilize the OTCQB Venture Market to build their company’s visibility and graduate to the OTCQX Best Market. We look forward to continuing to support the company and its investors in the U.S.”

“Upgrading to the OTCQX Best Market will generate greater exposure and accessibility for Millennial’s expanding US shareholder base. We look forward to working with the OTC Markets Group to further broaden the Company’s exposure to US shareholders,” Millennial’s President and CEO Farhad Abasov.

Additional information concerning Millennial is contained in documents filed by Millennial with Canadian securities regulators under Millennial’s profile at www.sedar.com.

For more information, please visit Millennial’s web site at www.millenniallithium.com or contact Investor Relations at (604) 662-8184 or email info@millenniallithium.com.

MILLENNIAL LITHIUM CORP.

“Farhad Abasov”

President, CEO and Director

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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “intend”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of lithium, commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of USD$ for Cdn$, fluctuations in the market for lithium, changes in exploration costs and government royalties or taxes in Argentina and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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Millennial Lithium: Moving to Lithium Off Take in Argentina

One of the extraordinary aspects of Canada’s junior mining sector is just how international it actually is. Millennial Lithium (V.ML) is headquartered in Vancouver, is advancing two lithium projects in Salta province in Argentina but its CEO, Farhad Abasov is based much closer to the lithium markets in China. Abasov’s last project, Allana Potash Corp, was a deposit in Ethiopia which was eventually sold to Israel Chemicals (ICL) for $170M in 2015.

“After Allana I looked at many projects,” said Abasov. “I was interested in lithium and I wanted to find an interesting brine project. I like brine because it tends to have a low CAPEX and low operating expenses.”

“I joined Millennial in May 2017,” said Abasov. “We raised capital and, in the last twelve months, we finished a drill program at our Pastos Grandes project.”

That drill program lead to a 43-101 compliant technical report which contained 2.1 million tonnes of measured and indicated of lithium carbonate (“Li2CO3”) equivalent (LCE) and over 800,000 tonnes of inferred resource.

Armed with this technical report, Millennial went on to engage WorleyParsons Chile S.A. to prepare a preliminary economic assessment (PEA) of the project. That PEA was announced by the company on January 31, 2018.

The headline numbers in the PEA are 25,000 tonnes production per year with a 25 year mine life. CAPEX of 410 million dollars and a very low OPEX running $3,218/t.

The PEA is based on using traditional solar evaporation. The proposed site is at 3600 meters above sea level and it is sunny 360 days a year.

“We would evaporate the brine,” said Abasov. “Then we would remove the impurities using proven technology. The property itself has access to good infrastructure. The provincial capital is 230 kilometers away. There is power and gas within 60 kilometers.”

Important as access to infrastructure is, Abasov is also very positive about the jurisdiction. “Argentina is a good country to do business in. The province of Salta is one of the best mining jurisdictions in the world. The provincial officials have been very supportive.”

With the PEA in hand, Abasov is ready to take the next steps. “First, we want to launch exploration on new land we have to the south of the Pastos Grandes project. While we are doing that we want to move forward on a full, bankable, feasibility study of the project,” said Abasov. “Third, we want to secure off take agreements.”

“We are looking for off takes with financing attached,” said Abasov. “We’ve raised over 70 million dollars in the last twelve months. 11 million in commercial/private transactions. 31 million in bought deal financings. And we have a strategic partner in China. So we have a strong cash position.”

These next steps were outlined in a March 21, 2018, Update press release in which Abasov states, “Millennial is now well funded with approximately CDN $65,000,000 in its treasury allowing us to fast track our pilot studies and the exploration work on the Remsa ground.  Millennial has a strong technical team in Argentina which is expected to expand in the coming months to undertake pond construction and pilot plant construction and commissioning.  A Feasibility Study will commence in Q2 2018 and we look forward to continuing to develop and advance the Pastos Grandes Project.”

The bankable feasibility will de-risk the Pastos Grandes project further; but the key to actually building the project will be Abasov’s success in securing off take agreements. With the right off take agreements in hand and a successful pilot plant in operation, Millennial will be well on the way to full-scale production. The off takes will likely be with Chinese companies which may account for Abasov’s current location.

For investors, there is always the question of news flow and Abasov is well aware of this. “We’ll have news about our continuing exploration. We’ll be announcing progress and then completion of the feasibility study,” said Abasov. “And we’re looking forward to signing and announcing off take agreements.”

Add to that the expected permitting of Millennial’s other project, Cauchari East, in Q2 2018 and the news flow should keep the market engaged.

So should the increasing demand for lithium as more and more lithium-ion batteries are deployed.  Lithium watchers are all predicting a steady increase in demand with a spotty increase in supply. 2017 saw lithium prices in China crest at over $25.00 USD/kg. Millennial’s PEA uses a lithium price of less than $14/kg.

For the moment, Millennial is cash rich with an attractive lithium deposit in an excellent jurisdiction. However, unlike many of the juniors in the lithium space, Frahad Abasov has taken a project from discovery to sale before. Experience is a huge advantage for Millennial and its shareholders.

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Millennial Lithium Corp. Provides Update of Activities for its Pastos Grandes and Cauchari East Projects, Argentina

Mar 21, 2018 Millennial Lithium Corp. (ML: TSX.V) (A3N2:GR: Frankfurt) (MLNLF: OTCQB) (“Millennial” or the “Company”) is pleased to provide an update on its activities at its flagship lithium project, Pastos Grandes, and its Cauchari East project in Argentina.

Farhad Abasov, President and CEO of Millennial commented “Millennial is now well funded with approximately CDN $65,000,000 in its treasury allowing us to fast track our pilot studies and the exploration work on the Remsa ground. Millennial has a strong technical team in Argentina which is expected to expand in the coming months to undertake pond construction and pilot plant construction and commissioning. A Feasibility Study will commence in Q2 2018 and we look forward to continuing to develop and advance the Pastos Grandes Project.”

Upon completion of its most recent financing (see press release dated March 13, 2018) Millennial has focused on fast tracking work at Pastos Grandes including process test work being undertaken by SGS Lakefield, alongside on-site pilot pond and pilot plant engineering studies. Requests for Quotations (RFQ) for pond construction have been circulated to qualified firms in Argentina. Receipt of proposals from interested parties is expected in 7-10 days. RFQs for a project Feasibility Study will also be circulated to leading international and Argentine engineering firms in the next several weeks in anticipation of a Q2 start up to this work.

Additional exploration work is also planned for the 2,492 hectares of Remsa claims the Company entered into an agreement to acquire late in 2017. Geophysical studies as well as exploration drilling in support of resource expansion and well-field modeling is planned for April, once final environmental permitting is received. Millennial has completed a second pumping well in the southern portion of the main claim block, where early indications suggest flow rates at this location are similar to the nominal average of 16L/sec used for the planned production wells outlined in the Preliminary Economic Assessment (PEA) dated February 23, 2018 and filed on SEDAR March 5, 2018 and titled “Preliminary Economic Assessment of the Pastos Grandes Project”. Sustainability testing and systematic sampling will commence by early May on completion of the first phase of the pilot ponds. Millennial has engaged Montgomery & Asociados to compile a block model and hydrogeological model for the Company’s lithium resource at Pastos Grandes.

In support of the increased activities at the Pastos Grande Project additional infrastructure is in process of being completed. A new camp capable of accommodating 50 people is planned and due to be permitted and installed in the coming weeks. Community relations work is ongoing and once drilling resumes at the project a new fresh water well will be developed for the village of Santa Rosa de Pastos Grandes.

At the Company’s Cauchari East Project, permitting continues and has progressed to the final approval stages. The permit is expected to be granted in Q2 2018 with exploration drilling to commence shortly thereafter.

This news release has also been reviewed by Iain Scarr, AIPG CPG., Chief Operating Officer of Millennial and a Qualified Person as that term is defined in National Instrument 43-101.

To find out more about Millennial Lithium Corp. please contact Investor Relations at (604) 662-8184 or email info@millenniallithium.com.

MILLENNIAL LITHIUM CORP.

“Farhad Abasov”

President, CEO and Director

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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of USD$ for Cdn$, fluctuations in the market for lithium, changes in exploration costs and government royalties or taxes in Argentina and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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