Millennial Lithium Spotlight Research - Getting ready for extraction in the 'Lithium triangle'

Millennial Lithium is a Canadian-based resource company focusing on the development of two lithium mining projects in Argentina. It controls easily accessible resources in the most prospective lithium extraction area globally, the 'Lithium triangle', a region of the Andes rich in lithium reserves around the borders of Argentina, Bolivia and Chile.
The companys flagship project Pastos Grandes is expected to generate sales from lithium extraction for nearly 40 years stating from the year 2023. It belongs to the most advanced lithium projects in Argentina. The targeted annual production amounts to 21,000 tonnes of battery-grade lithium carbonate in stage 1 and 24,000 tonnes in stage 2 - that is close to 8% of the current global demand.
Given cost advantages vs. hard-rock lithium producers and its attractive position on the global cost curve, Millennial Lithium is well-positioned to achieve satisfactory margins.
The company is run by a strong management team with many years of experience in the mining industry. The latest reported cash position of CAD 23 mn provides a solid liquidity cushion.
Demand for lithium is expected to skyrocket thanks to parabolic growth of electric vehicles production. Global demand is expected to triple in the upcoming 6-7 years.