Millennial Precious Metals
Financials:
Primary ticker: TSXV:MPM
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.
Cash: CAD$50M approx.
Debt: 21M
Major shareholders:
Merk – 9.3%
Eric Sprott – 8%
Vestcor – 7.1%
NewGen – 5.6%
Franklin Templeton – 4.9%
Management Ownership – 11%
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 of 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 newly formed company (began trading on the TSXV in May 2021). We any immediate capital needs as we have sufficient cash and a fully funded exploration company. We are targeting meetings with both mining focused and generalist investors. We have a catalyst rich, growth story, – we are focused on releasing update to the market monthly on our 20,000m fully funded maiden drill program across our three key assets: Wildcat, Mountain View and Red Canyon.
What recent news would you like to highlight to investors attending?
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
December 7, 2021 – Millennial Intersects 0.90 g/t Au Over 27.6m, Within Broader Intercept of 0.32 g/t Oxide Au Over 164.6m at Mountain View Project
November 3, 2021 – Millennial Intersects 1.89 g/t Au Over 39.3m, Within Broader Intercept of 0.49 g/t Oxide Au Over 275.5m at Mountain View Project
October 6, 2021 – Millennial Intersects 1.73 g/t Oxide Au Over 128.3m, Including 49.5 g/t Au Over 3.35m and 141.73 g/t Au Over 0.82m at Mountain View Project
September 29, 2021 – Millennial Intersects 2.31 g/t Oxide Au Over 20.49m, Including 4.05 g/t Oxide Au Over 7.62m at Mountain View Project
August 23, 2021 – Millennial Signs Option Agreement for the Cerro Colorado Ag-Au Project in Pima County, Arizona, USA
July 22, 2021 – Millennial intercepts 2.8 g/t Au over 30m oxide including 5.05 g/t Au over 18m from their Red Canyon Gold Project
June 16, 2021 – Millennial Intercepts from surface 4.54 g/t Au over 54m oxide including 9.18 g/t Au over 22m from the Red Canyon Gold Project
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Advance maiden drill program at Wildcat & Mountain View. Initial metallurgical testing.
6 Months:
Mineral resource update at Wildcat & Mountain View.
12 Months:
Publish PEA on Wildcat & Mountain View.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
The next key risk/challenge facing the company is obtaining the Plan of Operations (POO) permits for Wildcat, Mountain View and Red Canyon. The POO will allow Millennial to significantly increase the exploration/resource expansion/conversion drilling at each key asset. POO permits are filed with the Bureau of Land Management (BLM) in Nevada. Millennial is undertaking all the necessary steps to obtain these permits in a timely and efficient manner however the process and speed of decision-making lies with the BLM. Millennial has an expert team in Nevada to ensure consistent communication with the BLM and has also engaged with a consulting firm to help expedite the permitting process.
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: 2021 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
– Well Capitalized – C$16M of cash fully funds 20,000m drill program across 3 key assets
– Top Tier Shareholders – Strong support of from both strategic and large institutional investors; Eric Sprott ~8% , management ~11%
– Re-Rating Opportunity – Significantly undervalued considering 100% oxide ounces and significant resource growth potential – MPM to become the next GSV, ITR or LGD
– Catalyst Rich – Aggressive drill program underway with consistent stream of news to the market; resource update and PEA planned 2022
What are the top 3 key investor takeaways?
1. Top tier management, high quality assets & jurisdiction
2. Catalyst rich, fully funded exploration, growth potential
3. Significantly undervalued