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Millennial Lithium Corp. (V:ML)

Business Focus: Specialty Mining & Metals

Sector:  Basic Materials Industry:  Specialty Mining & Metals
See Regulatory Filings on SEDAR
Company Contact
Address: 2310-1177 Hastings St W
Tel: N/A
IR: See website
Key People
Graham Harris
Chairman of the Board
Farhad Abasov
Chief Executive Officer, Director
Max Missiouk
Chief Financial Officer
Iain Scarr
Chief Operating Officer
Marla Collier
Corporate Secretary
Business Overview
Millennial Lithium Corp, formerly Redhill Resources Corp, is a Canada-based exploration and development company. The Company is focused on lithium assets located in Argentina. The Company owns interests in Pastos Grandes Lithium Project. The Pastos Grandes Lithium Project is an advanced-stage development project located within the Lithium Triangle. The project is located in the Los Andes Department, in the Central portion of the Puna Block of Salta Province, northwestern Argentina. The project consists of the following mineral property concessions: Jorge Eduardo, Neptali II, El Milagrano and Norte Argentino. It covers a surface area of over 1,000 hectares. The Company owns Cauchari East Lithium Project in Jujuy Province, Argentina. It covers an area of approximately 3,000 hectares on the eastern side of the Cauchari-Olaroz Salar. The Company also owns Lincoln Lithium Property, which covers an area of approximately 3,000 acres of placer claims in the Big Smoky Valley, Nevada.
Financial Overview
For the six months ended 31 August 2019, Millennial Lithium Corp revenues was not reported. Net loss decreased 72% to C$2.6M. Lower net loss reflects Share-based compensation decrease from C$6M (expense) to C$0K, Advertising and related decrease of 69% to C$249K (expense), Foreign exchange (gain) loss increase from C$21K to C$247K (income). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.11 to -C$0.03.
Reporting Currency: Canadian Dollars
Enterprise value: $90.95M as of Aug 31, 2019
Annual revenue (TTM): $0.00M as of Aug 31, 2019
EBITDA (TTM): -$5.82M as of Aug 31, 2019
Net annual income (TTM): -$4.86M as of Aug 31, 2019
Free cash flow (TTM): -$32.85M as of Aug 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 83,256,400 as of Oct 4, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization