EIA Announcement - Crux Investor InterviewWatch our interview with CEO Farhad Abasov here on the announcment:
The last major hurdle for Millennial Lithium's flagship Pastos Grandes Lithium Project in Argentina was the Environmental Impact Assessment (EIA). Today, the company has announced that the DIA has approved its EIA, and now the company really is ready to get into production when the time is right. There are a few small functional permits to sort, but they are unlikely to pose any real issues.
The project has world-class economics; it's in the lowest quartile for cost. Now, with Argentina back open for business, the shovel-ready project could create some major growth, once the funding is all in place that is.