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Millennial Lithium Corp. (V:ML)

Business Focus: Specialty Mining & Metals

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Sector:  Basic Materials Industry:  Specialty Mining & Metals
 
See Regulatory Filings on SEDAR
Company Contact
Address: 2310-1177 Hastings St W
VANCOUVER BC V6E 2K3
Tel: N/A
Website: www.millenniallithium.com
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 three months ended 31 May 2019, Millennial Lithium Corp revenues was not reported. Net loss decreased 88% to C$954K. Lower net loss reflects Share-based compensation decrease from C$6M (expense) to C$0K, Advertising and related decrease of 71% to C$171K (expense), Management and directors fees decrease of 60% to C$272K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.10 to -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $86.75M as of May 31, 2019
Annual revenue (TTM): $0.00M as of May 31, 2019
EBITDA (TTM): -$5.36M as of May 31, 2019
Net annual income (TTM): -$4.43M as of May 31, 2019
Free cash flow (TTM): -$34.17M as of May 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 83,234,600 as of May 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization