TORONTO, Jan. 6, 2022 /CNW/ - Millennial Precious Metals
Corp. ("Millennial" or the "Company") (TSXV: MPM) (OTCQB:
MLPMF) is pleased to provide a corporate update regarding the
appointment of Mr. Raphael Dutaut to the Company in the role of
Vice President, Exploration, effective immediately, and the
granting of options and RSUs.
Appointment of Mr. Raphael Dutaut as Vice President,
Exploration
Mr. Dutaut is a geologist with a Ph.D. in mining geology.
Raphael has nearly 15 years of experience across 5 continents
working in brownfields exploration, mine development, mine geology,
and resource estimation. Raphael is a Qualified Person (QP) and a
member of the Ordre des Géologues du Québec. Between 2013-2019
Raphael held several key roles with IAMGOLD Corporation at both the
corporate and asset level including Manager, Resources and Mining
Geology and Chief Geologist at the Rosebel Gold Mine in Suriname.
Most recently Raphael held senior technical roles with the Nickel
Mining Company (SMSP-NMC, New
Caledonia) and Geovariances. In addition to a Ph.D. from
Polytechnique Montréal (Québec), Raphael holds an International
Masters of Economic Geology from University of Orléans
(France) and an undergraduate
degree in geology from the Université de Toulouse (France).
Mr. Dutaut replaces Miguel
Heredia in the role of Vice President, Exploration, who has
stepped down from the role for personal reasons. The Millennial
team is grateful for Miguel's contributions to the Company and
wishes him well in his future endeavours.
Jason Kosec, President, CEO &
Director of Millennial commented, "we are very happy to welcome
Raphael to Millennial as our new Vice President, Exploration.
Raphael brings extensive experience across exploration, mine
development, and resource estimation. He also brings
industry-leading experience in the areas of corporate social
responsibility, risk management, and team development. These skill
sets will be invaluable to us as we look to advance our portfolio
of high-quality assets in Nevada
and Arizona."
Millennial Grants Options and RSUs
The Company also announces that it has granted, in accordance
with the Company's stock option plan, an aggregate of 3,305,000
options to purchase common shares of the Company to certain
directors, officers, employees and consultants. All of the options
granted are exercisable at a price of C$0.66 for a period of five years. The Company
also granted 775,000 restricted share units ("RSUs") to officers of
the Company. The RSUs are payable in common shares of the Company
and vest in three equal installments over three years following the
date of grant.
ABOUT MILLENNIAL PRECIOUS METALS CORP.
Millennial Precious Metals (TSXV: MPM) (OTCQB: MLPMF) is a
Nevada-based exploration and
development company focused on unlocking quality ounces through the
responsible expansion of its seven gold projects. The Company plans
to accelerate the development of its two flagship projects, Wildcat
and Mountain View. The Wildcat Inferred Mineral Resource estimate
contains 776,000 ounces of Au oxide (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 Au oxide (23.2 million tonnes
at 0.57 g/t Au; effective date of November
15, 2020). Each of the technical report titled "NI 43-101
Technical Report Resource Estimate for the Wildcat Project,
Pershing County, Nevada,
United States", dated November 20, 2020 with an effective date of
November 18, 2020 prepared by
William J. Lewis, B.Sc., P.Geo.,
Rodrigo Calles-Montijo, MSc., CPG,
and Leonardo de Souza, MAusIMM (CP)
and the technical report titled "NI 43-101 Technical Report for the
Mountain View Project, Washoe Country, Nevada, USA", dated November 25, 2020 with an effective date of
November 15, 2020, prepared by
William J. Lewis, B.Sc., P.Geo.,
Rodrigo Calles-Montijo, MSc., CPG,
and Leonardo de Souza, MAusIMM (CP)
is available on Millennial's issuer profile on SEDAR at
www.sedar.com.
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 mining assets. The Company is well
positioned to create value for all stakeholders by applying a
systematic strategy to develop all seven gold projects over the
next few years.
QUALIFIED PERSON
Leonardo De Souza, P. Geo., is
the Qualified Person for the scientific and technical information
contained in this press release and is an independent Qualified
Person within the meaning of National Instrument 43-101.
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Certain statements in this news release are forward-looking
statements, which reflect the expectations of management regarding
the business development objectives and plans of
Millennial.
Forward-looking information contained in this news release
are based on certain factors and assumptions. While Millennial
considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect. Forward
looking information involves known and unknown risks, uncertainties
and other factors which may cause the actual results, performance
or achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking information. Such factors include risks inherent in
the exploration and development of mineral deposits, including
risks relating to changes in project parameters as plans continue
to be redefined, risks relating to variations in grade or recovery
rates, risks relating to changes in mineral prices and the
worldwide demand for and supply of minerals, risks related to
increased competition and current global financial conditions,
access and supply risks, reliance on key personnel, operational
risks, regulatory risks, including risks relating to the
acquisition of the necessary licenses and permits, financing,
capitalization and liquidity risks, title and environmental risks
and risks relating to health pandemics and the outbreak of
communicable diseases, such as the current outbreak of the novel
coronavirus, COVID-19.
Further, these forward-looking statements reflect
management's current views and are based on certain expectations,
estimates and assumptions which may prove to be incorrect. A number
of risks and uncertainties could cause the Company's actual results
to differ materially from those expressed or implied by the
forward-looking statements, including: (1) a downturn in general
economic conditions in North
America and internationally, (2) the inherent uncertainties
and speculative nature associated with mineral exploration, (3) a
decreased demand for precious metals, (4) any number of events or
causes which may delay exploration and development of the property
interests, such as environmental liabilities, weather, mechanical
failures, safety concerns and labour problems, (5) the risk that
the Company does not execute its business plan, (6) inability to
finance operations and growth, (7) inability to obtain all
necessary permitting and financing, and (8) other factors beyond
the Company's control. These forward-looking statements are made as
of the date of this news release and Millennial does not assume an
obligation to update these forward looking statements, or to update
the reasons why actual results differed from those projected in the
forward-looking statements, except in accordance with applicable
securities laws.
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.
SOURCE Millennial Precious Metals Corp.