Strategic Investors 15%
RedPlug Capital 20%
Sprott Global & clients 9%
EMX Royalties 8%
Management Ownership – 6%
Millrock seeks to elevate its profile amongst investors for market buying. Millrock is planning an equity raise in Q2 2022 and is looking for a major new investor.
Millrock has acquired a new nickel-platinum group element project that is attracting attention, and it has formed several new partnerships with mining companies funding our exploration work. Exploration budgets, all partner-funded, will exceed US$8 million in exploration work including at least 19,000 meters of drilling on project in which Millrock holds a direct, equity and/or royalty interest. We will be highlighting the many targets that we anticipate will be drilled in 2022. Each drill hole presents the possibility of a brand new mineral deposit discovery.
Key Highlights – Anticipated 2022 Activity:
Drilling on at least five and perhaps as many as six projects in which Millrock has direct, equity and/or royalty interests.
Main risk is low treasury. Therefore we plan an equity raise.
Exposure to discovery success and share price increase with low risk since almost all exploration funding comes from partner companies. Lots of chances for discovery in 2022.