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Millennial Precious Metals Management

Management criteria checks 0/4

Key information

Jason Kosec

Chief executive officer

CA$643.6k

Total compensation

CEO salary percentage	56.4%
CEO tenure	2.1yrs
CEO ownership	3.4%
Management average tenure	1.7yrs
Board average tenure	2.1yrs

Recent management updates

Recent updates

Here's Why We're A Bit Worried About Millennial Precious Metals' (CVE:MPM) Cash Burn Situation

Oct 28

CEO Compensation Analysis

How has Jason Kosec's remuneration changed compared to Millennial Precious Metals's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2022	n/a	n/a	-CA$24m
Sep 30 2022	n/a	n/a	-CA$26m
Jun 30 2022	n/a	n/a	-CA$26m
Mar 31 2022	n/a	n/a	-CA$43m
Dec 31 2021	CA$644k	CA$363k	-CA$38m
Sep 30 2021	n/a	n/a	-CA$34m
Dec 31 2020	CA$366k	CA$111k	-CA$2m

Compensation vs Market: Jason's total compensation ($USD475.39K) is above average for companies of similar size in the Canadian market ($USD179.29K).

Compensation vs Earnings: Jason's compensation has increased whilst the company is unprofitable.

CEO

Jason Kosec

2.1yrs

Tenure

CA$643,553

Compensation

Mr. Jason Kosec is Chief Executive Officer and President at Millennial Precious Metals Corp. and has been its Director since April 28, 2021. He is Vice President of Corporate Development at Barkerville Gol...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jason Kosec	CEO, President & Director	no data	CA$643.55k	3.37% CA$ 973.7k
Andres Tinajero	Chief Financial Officer	2.1yrs	CA$454.56k	2.69% CA$ 776.0k
Jason Banducci	Vice President of Corporate Development	2yrs	CA$155.52k	0.31% CA$ 89.1k
Ruben Padilla	Chief Geologist & Non Independent Director	1.3yrs	CA$164.67k	1.46% CA$ 420.0k
David Badham	Director Legal & Corporate Affairs and Corporate Secretary	no data	CA$117.29k	0.056% CA$ 16.3k
Raphael Dutaut	Vice President of Exploration	1.3yrs	no data	0.071% CA$ 20.6k

1.7yrs

Average Tenure

Experienced Management: MPM's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Jason Kosec	CEO, President & Director	2.1yrs	CA$643.55k	3.37% CA$ 973.7k
Ruben Padilla	Chief Geologist & Non Independent Director	2.1yrs	CA$164.67k	1.46% CA$ 420.0k
Michael Leskovec	Independent Director	2.1yrs	CA$41.69k	0.083% CA$ 24.0k
Terence Harbort	Independent Director	2.1yrs	CA$72.72k	1.12% CA$ 324.0k
Sara Heston	Independent Director	2yrs	CA$41.11k	no data

2.1yrs

Average Tenure

42yo

Average Age

Experienced Board: MPM's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.

This company has been acquired

Millennial Precious Metals Management

Management criteria checks 0/4

Key information

Recent management updates

High number of new and inexperienced directors

Millennial Precious Metals Corp., Annual General Meeting, Jun 24, 2022

High number of new and inexperienced directors

High number of new and inexperienced directors

Recent updates

Millennial Precious Metals's to Delist from TSX-V on or About May 05 Market Close

Integra Resources Corp. (TSXV:ITR) completed the acquisition of Millennial Precious Metals Corp. (TSXV:MPM) for $33.3 million.

Price target increased by 29% to CA$1.05

Millennial Precious Metals Submits Exploration Plan of Operations for Mountain View Project Located in Nevada, USA

Millennial Precious Metals Corp. Announces Positive Metallurgical Results from Ongoing Studies Designed to Determine the Processing Characteristics of the Mountain View Project Located in Nevada, USA

Millennial Precious Metals Corp. Submits Exploration Plan of Operations for Wildcat Project

Millennial Precious Metals Corp. Extends Oxide Mineralization 150M East of Proposed Pit At Wildcat Project

Millennial Precious Metals Corp. Discovers Additional Vent Systems and Significantly Expands Mineralized Footprint At Wildcat Project

Price target decreased to CA$0.81

High number of new and inexperienced directors

Here's Why We're A Bit Worried About Millennial Precious Metals' (CVE:MPM) Cash Burn Situation

Millennial Intersects 1.26 g/t Oxide Au Over 39.2m and 0.93 g/t Oxide Au Over 41.4m at Wildcat Project

Price target decreased to CA$1.10

Millennial Precious Metals Corp. has completed a Composite Units Offering in the amount of CAD 15 million.

Millennial Precious Metals Corp., Annual General Meeting, Jun 24, 2022

Millennial Precious Metals Corp. Provides Final Assay Results from the Recently Completed Resource Conversion and Exploration Drill Program Conducted At Its Mountain View Project Located in Nevada, USA

Millennial Precious Metals Corp. Commences Phase 1 Drilling At Its Wildcat Project

High number of new and inexperienced directors

Millennial Precious Metals Corp. Provides an Exploration Update for Wildcat and Mountain View

Millennial Precious Metals Corp Intersects 0.46 G/T Au over 189.0M, Including 1.35 G/T Oxide Au over 33.5M At Mountain View Project

Millennial Precious Metals Corp. Provides Results from the Ongoing Resource Conversion and Exploration Drill Program Currently Being Conducted At Its Mountain View Project Located in Nevada, USA

High number of new and inexperienced directors

Millennial Precious Metals Corp. (TSXV:MPM) entered into a definitive purchase agreement to acquire the remaining 51% stake in the Ocelot property located in Lander Country, Nevada from two individuals for $0.19 million.

Millennial Precious Metals Corp. Intercepts 22.8 g/t Au over 30m Oxide Including 5.05 g/t Au over 18m from Their Red Canyon Gold Project

Millennial Intercepts from Surface 4.54 G/T Au over 54M Oxide Including 9.18 G/T Au over 22M from the Red Canyon Gold Project

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age