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Millennial Potash Corp. (TSXV: MLP) (“MLP” “Millennial” or the “Company”) is pleased to announce that it has appointed Mr. Farhad Abasov as its Chairman of the Board to expedite the Company’s efforts at its newly acquired Banio Potash Project in Gabon.
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.
Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQB: 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., four of the five mining licenses that comprised the original REMSA Properties.
Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) (“Millennial” or the “Company”) is pleased to announce that the National Mining Secretary of Argentina, part of the National Ministry of Work and Production, has signed and granted a Federal Fiscal Stability Certificate (the “Certificate”) for the Company’s Pastos Grandes Project. The Certificate outlines the tax regime and additional benefits bestowed upon its Pastos Grandes lithium project in the province of Salta for the next 30 years.
Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) (“Millennial” or the “Company”) is pleased to provide an update of activities at its Pastos Grandes Project in the province of Salta, Argentina. Advances at the project site include ongoing liming and feeding of brine to pilot ponds, pilot plant construction and an additional long-term pumping test. In addition Millennial has made significant progress in securing its “Fiscal Stability” status to establish the tax regime and other benefits for the project for the next 30 years.
Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) (“Millennial” or the “Company”) is pleased to announce that further to its news release dated July 29, 2019, it has now filed a Feasibility Study (the “FS Report”) regarding its Pastos Grandes Project in the province of Salta, Argentina.
Vancouver, British Columbia–(Newsfile Corp. – July 29, 2019) – Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) (“Millennial” or the “Company”) is pleased to announce the results of its Feasibility Study (the “FS”) for the production of Battery Grade lithium carbonate (>99.5% Li2CO3) from its Pastos Grandes Project in the province of Salta, Argentina.
Millennial Lithium Corp. (TSXV: ML) (the “Company”), is pleased to report an updated lithium (“Li”) and potassium (“K”) resource statement for its Pastos Grandes brine project in Salta province of Argentina. The NI 43-101 resource statement, detailed in Table 1 below, includes 4,120,000tonnes of lithium carbonate (“Li2CO3“) equivalent (LCE) and 15,342,000 tonnes of potash (“KCl”) equivalent in the Measured and Indicated Resource categories, with an additional798,000 tonnes of LCE and 2,973,000 tonnes KCl in the Inferred Resource category. Compared to resource estimates completed by Montgomery & Associates in its previous report titled Measured, Indicated and Inferred Lithium and Potassium Resource Estimate Pastos Grandes Project Salta Province, Argentina and dated December 22, 2017, the updated resources represent an almost 100% increase in the Measured and Indicated LCE tonnage (2017 value of 2,131,000 tonnes LCE).
The future demand for lithium is expected to accelerate as more and more car companies announce full or partial conversions to electric vehicles. Each of those vehicles will run on lithium ion batteries and so will everything from leaf blowers to laptops.
Millennial Lithium Corp. (TSXV: ML) (“Millennial” or the “Company”) is pleased to report encouraging results from a short-term pumping test of a third production-scale well at its Pastos Grandes Project in Salta, Argentina. Pumping well PGPW18-17 was installed as a future production well, and meanwhile to undertake short-term pumping of lithium brine to determine aquifer parameters and chemical variation during a 72-hour period in March, 2019. At a pumping rate of 19.4 litres/second (L/s), the drawdown was approximately 30 metres (m), with rapid water level recovery. Estimated transmissivity was calculated from the water level recovery data to be about 100 square metres per day (m2/day). The pumping test was completed under the direction and supervision of Montgomery & Associates.