Millennial Lithium (ML) - One of the Few Lithium Juniors that can get Financed?
Matthew Gordon, Ptolemy Capital
5 Months ago
Millennial Lithium has a Feasibility Study and is one of the more advanced new lithium projects around; there aren't too many of them. Millennial Lithium recently got its EIA / DIA over the line, and this was the final major hurdle cleared before the company can gear up to get financed.
Today, we also discuss the lithium macro environment. There is an extremely promising picture for lithium demand, but lithium supply looks less rosy. There is very little capital going towards new lithium projects, which is understandable given the currently depressed lithium price, but this needs to change if the supply/demand deficit is to be resolved. Many lithium projects have been shelved, some have gone bust, and most can't get access to the capital they need. Abasov tells us why. While this is bad news for those lithium juniors, Millennial Lithium says it can take advantage of this deficiency of new lithium projects by plugging the gap with a great project.
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