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Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), (“Blue Sky” or the “Company”) announces that it has made an application to the TSX Venture Exchange to extend the term of the outstanding warrants as follows:
Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF) (“Blue Sky” or the “Company”) is pleased to announce that the Company is resuming its 4,500 metre exploration drilling program with new holes planned at the Ivana Central target, located 10 kilometres north of the Company’s Ivana Deposit at its wholly-owned Amarillo Grande Uranium-Vanadium Project in Rio Negro Province, Argentina (“AGP“) (see Figure 1).
Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), “Blue Sky” or the “Company”) is pleased to announce assay results from the second tranche of results from the recently completed reverse circulation (“RC“) drilling program at the Ivana Deposit (as announced on March 23, 2022), within its wholly-owned Amarillo Grande Uranium-Vanadium Project (“AGP“) in Rio Negro Province, Argentina. The assay results reported include 970 samples from 115 RC holes averaging 8.5m depth that tested areas of lower drill hole density at the margins of, and within, the western portion of the Ivana deposit; as well as testing the potential expansion of the deposit to the west (see Figure 1 and Table 1*).
Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) (“Millennial” or the “Company”) is pleased to announce that it has been successful in a recent Mining Court lottery hearing and was awarded priority rights over the areas covered by PPG 01 (formerly La Union), and PPG 03 (formerly Aguamarga 19) mining licenses (“minas”). The company has exercised those rights and the title transfer is in process. The two new minas are 968.7 hectares (ha) and 394.8 hectares respectively and increase the Company’s landholdings at the Pastos Grandes Salar to approximately 14,091 hectares. The PPG 01 license is just north of the Pastos Grandes Salar and is of strategic importance to the Company for project infrastructure and as a potential supplemental source of fresh water.
Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2:GR) (OTCQX: MLNLF) (“Millennial” or the “Company”) is pleased to announce that it has achieved a significant milestone with the production of lithium carbonate of Battery Grade (BG) purity from the first batch of brine processed through the Company’s pilot plant at its Pastos Grandes Project in Salta Province, Argentina. The pilot plant produced lithium carbonate with a purity of 99.96%. Typical Battery Grade quality lithium carbonate is > 99.5% purity. The brine feedstock was derived from the Company’s Production well PGMW17-04 on the Pastos Grandes Salar which was pumped to ponds that concentrate the lithium carbonate by solar evaporation.
Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) (“Millennial” or the “Company“) is pleased to announce that it has closed its previously announced bought deal financing of 8,625,000 units (the “Units“) at a price of C$4.00 per Unit (the “Offering Price“) for aggregate gross proceeds to Millennial of C$34,500,000 (the “Offering“). The Offering was conducted by a syndicate of underwriters co-led by Cantor Fitzgerald Canada Corporation and Sprott Capital Partners LP as joint bookrunners, and including Mackie Research Capital Corporation (collectively, the “Underwriters“). The Offering included 1,125,000 Units sold pursuant to the full exercise of the Underwriters’ over-allotment option.
The world’s appetite for lithium has been hit with COVID-19 and uncertainty as to the volume of electric vehicles being sold. Which means the spot price of lithium – which is difficult to estimate in any event – has been dropping. Bad news for a lithium development company?
Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) (“Millennial” or the “Company”) is pleased to report that its wholly owned subsidiary, Proyecto Pastos Grandes S.A. (“PPGSA”), has received a Declaracion de Impacto Ambiental (the “DIA”) from the Environmental and Mining Authority in Salta Province, Argentina. The DIA represents the Environmental and Mining Authority’s approval of PPGSA’s Environmental Impact Assessment (the “EIA”) for Construction and Operation of a 24,000 tonne per year battery grade lithium carbonate production facility at its flagship Pastos Grandes lithium carbonate project. The DIA is the main environmental approval document required for mining projects in Salta Province to both proceed to the construction stage and to operate. The Pastos Grandes Project is currently the only active pre-construction phase project in the region with this key milestone permit.
Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) (“Millennial” or the “Company”) is pleased to announce that the Mining Court of Salta has granted Millennial’s Argentine subsidiary, Proyecto Pastos Grandes S.A., the remaining mining license, Nueva Sijesyta 01, that comprised the original REMSA Properties. The REMSA Properties are comprised of 5 mining licenses totaling 6557 ha which are contiguous with Millennial’s core licenses covering the Salar de Pastos Grandes. The Company has implemented operational procedures to protect the health of its office staff, field crews and contractors during the COVID-19 global pandemic. Where possible, office staff, field crews and contractors have been working from home per local government advisories. Plans for field and other work for 2020 will be evaluated on an ongoing basis but at this time, Millennial does not anticipate a significant or material impact upon its operations. Millennial’s operations in Salta Province are classified as essential and are exempted from some many local and federal COVID-19 restrictions in Argentina.
I always look forward to interviews with Millennial Lithium’s (V.ML) CEO Farhad Abasov. He’s concise, to the point and willing to talk about both the achievements and the challenges facing Millennial’s brine lithium project in Salta Province, Argentina.