Millennial Lithium Corp is a Vancouver-based mining company.
It acquires, explores, and develops lithium brine projects.
Millennial Lithium Corp’s portfolio consists of two projects, namely Cauchari East Lithium Project and Pastos Grandes project.
Pastos Grandes is located in Salta in the Lithium Triangle of Argentina and covers 20,000 hectares.
It consists of the most fertile lithium deposits in the world reportedly.
It is listed on TSXV under ‘ML’ stock quote.
Other players in the region includes Livent Corp, Albemarle, SQM, and Orocobre.
Under a feasibility study at the project, the firm claims that proven and probable reserves amounts to 179,000 tons of LCE and nearly 764,000 tons of Lithium carbonate CE.
In Argentina, Millennial is focuses on advancing two lithium projects to production and development. Both properties are situated in emerging mining districts.
The company also claims to focus on developing clean energy resources.
Pastos Grandes Project
Millennial holds 100 per interest in this project that is situated in the Salta Province, Argentina. It covers 12,619 hectares, where 23 wells have been drilled so far, the firm claims.
The company claims to have invested significantly on production and exploration operations at the project. The operations consist of four pumping test production wells, pilot ponds, 22 completed monitoring wells, a hybrid solar power system and a pilot plant.
Millennial is presently focused on Phase II program after completion of Phase I drilling program in 2016.
The mining firm says that drilling operations include 30 rotary and core exploration holes at 22 sites, including some production-scale pumping test wells.
Cauchari East Lithium Project
It is said to be a prolific high-grade and low-cost lithium deposit in the world. The firm’s second asset is located near Orocobre’s Olaroz mine and Lithium America’s Cauchari property.
On April 21, 2021, the company declared that it achieved a milestone with the development of battery grade (BG) lithium carbonate at its Pastos Grandes Project in Argentina. The pilot plant is said to have produced lithium carbonate with 99.96 per cent purity, the firm claims.