Millennial Precious Metals
Financials:
Primary ticker: TSXV:MPM, OTCQB:MLPMF
Stage of development: Exploration
Primary minerals: Gold, Silver
Project to promote: Wildcat, Mountain View & Red Canyon
Project location: Nevada, USA
Website: millennialpreciousmetals.com/
Millennial Precious Metals (TSXV:MPM, OTCQB:MLPMF) is an exploration and development company focused on unlocking quality ounces through the responsible expansion of its eight gold and silver projects located in Nevada and Arizona, USA. The Company plans to accelerate the development of its two flagship projects located in Nevada: Wildcat and Mountain View. The Wildcat Inferred Mineral Resource estimate contains 776,000 ounces of oxide Au (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 oxide Au (23.2 million tonnes at 0.57 g/t Au; effective date of November 15, 2020).
Millennial Precious Metals is led by an experienced management team and board of directors with a proven track record of success in financing and developing high-quality mining projects. The Company is well positioned to create value for all stakeholders by applying a systematic strategy to advance and de-risk all eight projects over the next few years.
Integra Resources is a development-stage mining company focused on the exploration and de-risking of the past producing DeLamar Gold-Silver Project in Idaho, USA. Integra Resources is led by the management team from Integra Gold Corp. which successfully grew, developed and sold the Lamaque Project, in Quebec, for C$600 M in 2017. Since acquiring the DeLamar Project, which includes the adjacent DeLamar and Florida Mountain gold and silver Deposits, in late 2017, the Company has demonstrated significant resource growth and conversion while providing a robust economic study in its Pre-feasibility Study. The Company is currently focused on resource growth through brownfield and greenfield exploration and further de-risking of the Project.
Cash: ~CAD 8.5M
Debt: NIL
Major shareholders:
Merk – 9%
Franlin Templeton – 8%
Delbrook – 6%
Eric Sprott – 6%
Vestcor – 6%
Management Ownership – 0.09
Management Profile
Jason Kosec – CEO, President, Director
Mr. Kosec has nearly ten years of experience in all facets of mineral exploration, mine development, investor relations and finance. Upon completing his undergraduate degree in Geology at Western University and a Masters in Earth and Energy Resources at Queens University, Jason worked as a Project Geologist at Trelawney Mining and Exploration, which was subsequently sold in 2012 to IAMGOLD for C$608M. Jason then moved on to work as an Exploration Geologist at a number of IAMGOLD properties and in early 2015 was recruited to join the Barkerville Gold Mines team as Sr. Geologist where he was appointed Chief Mine Geologist in 2016. In late 2017 Jason took on the role of VP Corporate Development, which ultimately led to the sale of Barkerville Gold Mines to Osisko Gold Royalties in 2019 for C$338 million. Jason is currently Vice President of Strategic Development at Sable Resources.
Jason Banducci – Vice President, Corporate Development
Mr. Banducci is a finance professional with nearly a decade of experience across corporate finance, banking, mergers & acquisitions and capital markets. Prior to joining Millennial, Jason served as Vice President, Investment Banking at Stifel Financial Corp. where he covered the mining industry and advised clients on a wide range of strategic initiatives including mergers & acquisitions, joint ventures, streaming & royalty transactions, strategic investments and various debt and equity financing alternatives. Jason worked in the mining investment banking group at GMP Securities prior to it being acquired by Stifel. He holds a Master of Business Administration from Queen’s University and a bachelor’s degree from the University of Western Ontario.
What is your rationale for taking part 121 Mining Investment?
We are looking to increase the overall market awareness of Millennial and building relationships with potential investors. We are a recently formed company (began trading on the TSXV in May 2021). We are targeting meetings with both mining focused and generalist investors. We have a very exciting year planned for 2023 with an updated mineral resource estimate and PEA planned for Wildcat and Mountain View
What recent news would you like to highlight to investors attending?
Project-Jackpot-Announcement-Press-Release-C35M-vFinal-USA.pdf (secureserver.net)
January 5, 2023: Millennial Submits Exploration Plan of Operations for Wildcat Project
November 29, 2022: Millennial Extends Oxide Mineralization ~150m East of Proposed Pit at Wildcat Project
November 16, 2022: Millennial Discovers Additional Vent Systems and Significantly Expands Mineralized Footprint at Wildcat Project
November 14, 2022: Millennial Welcomes New Shareholders
October 4, 2022: Millennial Intersects 0.87 g/t Oxide Au Over 42.7m, ~50m Outside the Proposed Pit at Wildcat Project
August 16, 2022: Millennial Intersects 1.26 g/t Oxide Au Over 39.2m and 0.93 g/t Oxide Au Over 41.4m at Wildcat Project
May 18 2022: Millennial Announces C$15 Million Bought Deal Public Offering
May 4, 2022: Millennial Commences Phase 1 Drilling at its Flagship Wildcat Project
April 6, 2022: Millennial Significantly Increases Land Position at Wildcat and Mountain View Projects
March 8, 2022: Millennial Intersects 0.46 g/t Au Over 189.0m, Including 1.35 g/t Oxide Au Over 33.5m at Mountain View Project
January 12, 2022: Millennial Intersects 0.91 g/t Oxide Au Over 232.5m, Including 10.88 g/t Au Over 11.3m and 2.18 g/t Au Over 22.3m at Mountain View
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Complete engineering and metallurgical studies for updated mineral resource estimate and PEA for Wildcat and Mountain View. Submit Exploration Plan of Operations at Mountain View.
6 Months:
Updated mineral resource estimate and PEA for Wildcat and Mountain View.
12 Months:
Receipt of Exploration Plan of Operations for Wildcat. Phase 2 drill program at Wildcat.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Primary current challenge facing Millennial is the overall bear market environment for junior gold exploration equities making fund raising very difficult. To overcome this key risk we are working to remove the key challenges that face early stage heap leach projects (metallurgy, geotechnical, resource conversion and scalability). By addressing these issues upfront and making significant advancements toward an updated exploration permit and eventual mining permit, we can best position Millennial for improved market conditions.
What do you think makes your company such a compelling investment?
– The Right Team: Management team credited with 59Mozs of global gold discoveries across 7 projects, 5 of which are now construction ready or in production
– Excellent Jurisdiction: High quality portfolio of assets focused in Nevada: 2020 Fraser Institute #1 and most attractive jurisdiction for mining investment
– High Quality Assets: Inferred oxide resource of 1.2Mozs across two projects; highest effective grade (grade/strip) open pit oxide development asset in Nevada
– Top Tier Shareholders: Strong support of from both strategic and large institutional investors (>60%) and management (9%)
– Undervalued: Near-term catalysts including project de-risking and resource
growth create a material re-rating opportunity; trading at a significant discount to peer average and average acquisition multiple in Nevada for heap leach projects
What are the top 3 key investor takeaways?
1. Top tier management, high quality assets & jurisdiction
2. Catalyst rich with significant growth potential
3. Deeply undervalued