Vancouver, British Columbia, Nov 06, 2017 (Newsfile Corp via COMTEX) -- Millennial Lithium Corp.
(ML)(A3N2) (otcqb: MLNLF) ("Millennial" or the "Company") is pleased to announce that is has engaged Worley Parsons Chile S. (WP) to complete a Preliminary Economic Assessment (PEA) on its flagship Pastos Grandes Project in Salta, Argentina. Max Missiouk as Chief Financial Officer for the Company effective Nov. Worley Parsons is a leading global provider of professional services to the resource and energy sectors, and the complex processing industries.
The concentration and chemical fractionation of globally alarming six heavy metals (Cr, Ni, Cu, As, Cd and Pb) were measured in surface water and sediment of an urban river in Bangladesh.
The decreasing trend of metals were observed in water as Cr Cd.
The development strategy focuses on production of 10,000 Tonnes per Year (TPY) of lithium carbonate with the flexibility to expand production to 25,000 TPY. Farhad Abasov, Millennial President and CEO, commented "We are very pleased to have engaged and be working with Worley Parsons who bring a wealth of lithium knowledge and experience to our Pastos Grandes Project. This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws.
Worley Parsons is a leading global engineering firm and has been involved in all aspects of lithium brine operations which will be invaluable in executing our PEA. Max Missiouk to the Millennial team as our Chief Financial Officer. Missiouk has extensive financial experience within the mining sector and will be a valuable asset as we move our project through the PEA to the feasibility stage." Millennial is pleased to announce the appointment of Mr. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information.
The level of studied metals exceeded the safe limits of drinking water, indicated that water from this river is not safe for drinking and/or cooking purposes.
Millennial has engaged WP to complete a comprehensive PEA on its flagship lithium project, Pastos Grandes, in Salta, Argentina. Missiouk has served as a CFO and controller for a number of publicly listed resource and venture companies including Allana Potash Corp. This news release has been reviewed by Iain Scarr, AIPG CPG., Chief Operating Officer of the Company and a qualified person as that term is defined in National Instrument 43-101. please contact Investor Relations at (604) 662-8184 or email [email protected] "Farhad Abasov" CEO, Director 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.
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Max Missiouk to the position of Chief Financial Officer (CFO) effective Nov. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of USD$ for Cdn$, fluctuations in the market for lithium, changes in exploration costs and government royalties or taxes in Argentina and other factors or information.
Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties.