VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 19, 2016) – Millennial Lithium Corp. (TSX VENTURE:ML), (“Millennial” or the “Company”) Further to the Company’s news release dated July 19th, 2016, the Company advises that, the TSX Venture Exchange (the “Exchange”) has determined the acquisition of the project constitutes a Fundamental Acquisition under the policies of the Exchange and trading in the Company’s shares will remain halted until the Exchange has had an opportunity to review both the acquisition agreement and a NI 43-101 geological report on the property.
The Company is currently preparing the report.
MILLENNIAL LITHIUM CORP.
Kyle Stevenson, President & 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 forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.”
Millennial Lithium Corp.
Via the Caesars Report on 9 July, 2016 in Blog
Millennial Lithium (ML.V), the newest kid on the Lithium block, has announced it’s planning to start a surface sampling program at its Lincoln Lithium project in Big Smoky Valley in Nevada. The company’s claims are located right next to the claims owned by Ultra Lithium, and back in the 70’s, the USGS has already drilled a few holes in the Big Smoky Valley, which returned anomalous levels of lithium. Ultra Lithium ( ULI.V) has recently released some preliminary assay results from the first drill hole on its property and with a lithium grade of up to 270 ppm, the Big Smoky valley confirms its status as a potential future source of lithium.
The company has also completed a C$1.2M private placement priced at C$0.15 per unit, with each unit consisting of one common share and one warrant, exercisable at C$0.30 for two years.
The surface exploration program in Nevada is positive news, but we think there’s more going on behind the scenes. After all, when Redhill Resources (RHR.V) announced the name change to Millennial Lithium, it included this interesting sentence in its press
‘The Property that is the subject of the Agreement is not expected to be the
Company’s primary focus for the next year. ‘
This basically means Millennial Lithium has something else in the pipeline, and given the excellent relationships the company’s management team has in Argentina, we would dare to bet Millennial will acquire a salar-project in Argentina as its flagship lithium project.
Go to Millennial Lithium’s website
The author has a long position in Millennial Lithium. Please read the disclaimer
Viscount “Town Hall” and Corporate Update Call and Presentation: July 7,2016
Topic: Viscount “Town Hall” Thursday, July 7, 2:15 PM Eastern
Date: Thursday, July 7, 2016
Time: 2:15 pm, Eastern Daylight Time (New York, GMT-04:00)
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