MLNLF - Millennial Lithium Corp. (TSX.V: ML) (FSE: A3N2) (OTCQX: MLNLF) is One to Watch
- Robust brine lithium resource with 2.1 million tonnes lithium-carbonate equivalent (LCE) of Measured and Indicated Resource and 878,000 tonnes LCE of Inferred Resource
- Strong 43-101 Resource Estimate with an update expected in Q1 2019 with potential upside from newly acquired REMSA ground
- Preliminary Economic Assessment (PEA) completed; mining and processing methods for lithium brines are proven; site is amenable to modular and scalable production
- Strategically located with developed infrastructure in geopolitically stable environment
- Located in Salta Province, Argentina, rated No. 1 Mining Jurisdiction by the Fraser Institute
- World class management and board with solid strategic partnership with GCL, a Chinese solar giant investing $30 million in Millennial Lithium
- Mine life of 25 years with three-year ramp up to 25,000 tonnes per year of lithium-carbonate
- OPEX estimate of US$3,218/tonne of Li-Carb over the mine life
- Global demand for lithium is expected to grow at an annual rate of 22% until 2025 with increased demand for lithium-ion batteries for use in electric vehicles and battery-based energy storage leading the way
- Demand for lithium carbonate is expected to rise to more than 850,000 tonnes by 2025 from 225,000 tonnes in 2018, with larger spikes anticipated post-2025
Millennial Lithium Corp. (TSX.V: ML) (FSE: A3N2) (OTCQX: MLNLF) is engaged in the development of the Pastos Grandes lithium project in Salta Province, Argentina. The company’s Pastos Grandes project totals approximately 10,000 hectares located in geopolitically stable, mining-friendly jurisdictions. The company also enjoys a solid strategic partnership with GCL, a Chinese solar giant that has become Millennial Lithium’s lead investor with approximately $30 million investment to date.
Millennial Lithium’s compelling valuation places it with a $123 million market cap, third only to Lithium Americas and Orocobre in the region. The company holds a...
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive instant SMS alerts, text STOCKS to 77948
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com