Millennial provides company update
TORONTO, January 6, 2022 / CNW / – Millennial Precious Metals Corp. (“Millennial” or the “Company”) (TSXV: MPM) (OTCQB: MLPMF) is pleased to provide an update on the appointment of Mr. Raphael Dutaut within the Company as Vice-President, Exploration, effective immediately, and the grant of options and RSUs.
Appointment of Mr. Raphael Dutaut as Vice-President, Exploration
Mr. Dutaut is a geologist and has a doctorate. in mining geology. Raphael has nearly 15 years of experience on 5 continents in brownfield exploration, mining development, mining geology and resource estimation. Raphaël is a qualified person (QP) and a member of the Ordre des géologues du Québec. Between 2013 and 2019, Raphael held several key positions within IAMGOLD Corporation at the corporate and asset level, including Director, Resources and Mine Geology and Chief Geologist at the Rosebel Gold Mine in Suriname. More recently, Raphael held senior technical positions within the Nickel Mining Company (SMSP-NMC, New Caledonia) and geovariances. In addition to a doctorate. from Polytechnique Montreal (Quebec), Raphael holds an international master’s degree in economic geology from the University of Orleans (France) and a bachelor’s degree in geology from the University of Toulouse (France).
M. Dutaut replaces Miguel Heredia in the role of Vice President, Exploration, who stepped down for personal reasons. The Millennial team is grateful for Miguel’s contributions to the business and wishes him the best of luck in his future endeavors.
Jason kosec, President, CEO and Director of Millennial said, “We are very pleased to welcome Raphael to Millennial as the new Vice President, Exploration. Raphael brings extensive experience in exploration, mine development and resource estimation. He also brings cutting-edge experience in the areas of corporate social responsibility, risk management and team development. These skills will prove invaluable to us as we seek to advance our portfolio of high quality assets in Nevada and Arizona. ”
Millennium grant options and RSUs
The Company also announces that it has granted, in accordance with the Company’s stock option plan, a total of 3,305,000 options to purchase common shares of the Company to certain directors, officers and employees. and consultants. All the options granted are exercisable at a price of CA $ 0.66 for a period of five years. The Company has also granted 775,000 restricted stock units (“RSUs”) to the officers of the Company. RSUs are payable in common shares of the Company and vest in three equal installments over three years following the grant date.
ABOUT MILLENNIAL PRECIOUS METALS CORP.
Millennial Precious Metals (TSXV: MPM) (OTCQB: MLPMF) is a Nevadaexploration and development company based on unlocking quality ounces through the responsible expansion of its seven gold projects. The Company plans to accelerate the development of its two flagship projects, Wildcat and Mountain View. Wildcat’s inferred mineral resource estimate contains 776,000 ounces of Au oxide (60.8 million tonnes at 0.40 g / t Au; effective date of November 18, 2020) and the Mountain View inferred mineral resource estimate contains 427,000 ounces of Au oxide (23.2 million tonnes at 0.57 g / t Au; effective date of November 15, 2020). Each of the technical reports entitled “NI 43-101 Technical Report Resource Estimate for the Wildcat Project, Pershing County, Nevada, United States“, dated November 20, 2020 with an effective date of November 18, 2020 prepared by William J. Lewis, B.Sc., P.Geo., Rodrigo Calles-Montijo, MSc., CPG and Leonard de Souza, MAusIMM (CP) and the technical report entitled “NI 43-101 Technical Report for the Mountain View Project, Washoe Country, Nevada, United States“, dated November 25, 2020 with an effective date of November 15, 2020, prepared by William J. Lewis, B.Sc., P.Geo., Rodrigo Calles-Montijo, MSc., CPG and Leonard de Souza, MAusIMM (CP) is available on Millennial’s Issuer Profile on SEDAR at www.sedar.com.
Millennial Precious Metals is led by an experienced management team and board of directors who have a proven track record in the financing and development of mining assets. The Company is well positioned to create value for all stakeholders by applying a systematic strategy to develop the seven gold projects over the next few years.
Leonard de Souza, P. Geo., Is the Qualified Person for the scientific and technical information contained in this press release and is an Independent Qualified Person within the meaning of National Instrument 43-101.
ATTENTION REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release are forward-looking statements, which reflect management’s expectations regarding Millennial’s business development goals and plans.
The forward-looking information contained in this press release is based on certain factors and assumptions. Although Millennial considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from future results, performance or achievements expressed or implied by forward-looking information. These factors include the risks inherent in the exploration and development of mineral deposits, including risks associated with changes in project parameters as plans continue to be redefined, risks associated with variations in grade or recovery, risks associated with changes in mineral prices and global demand. for and supply of minerals, risks associated with increased competition and current global financial conditions, access and supply risks, dependence on key personnel, operational risks, regulatory risks, including risks associated with the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title and environmental risks and risks associated with health pandemics and the epidemic of communicable diseases, such than the current outbreak of the novel coronavirus, COVID-19.
In addition, these forward-looking statements reflect the current opinions of management and are based on certain expectations, estimates and assumptions which may prove to be inaccurate. A number of risks and uncertainties could cause the Company’s actual results to differ materially from those expressed or implied by forward-looking statements, including: (1) a slowdown in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with mineral exploration, (3) a decrease in demand for precious metals, (4) any number of events or causes that may delay the exploration and development of property interests, such as liabilities, weather conditions, mechanical failures, safety issues and labor issues, (5) the risk that the Company will not execute its plan to business, (6) inability to finance operations and growth, (7) inability to obtain all necessary permits and financing, and (8) other factors beyond the control of the Company. These forward-looking statements are made as of the date of this press release and Millennial assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differ from those projected in the forward-looking statements, except in accordance with applicable securities laws.
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.
SOURCE Millennial Precious Metals Corp.
For further information: Jason Kosec, President, CEO and Director, [email protected], Dir .: 250-552-7424; Jason Banducci, Vice-President, Corporate Development, [email protected], Dir. : 647-537-8295; Company website: https://millennialpreciousmetals.com/