Millennial Potash Announces Appointment of Mr. Jack Scott as Senior Vice President, Project Development for Its Banio Potash Project
Millennial Potash Announces Appointment of
Mr. Jack Scott as Senior Vice President,
Project Development for Its Banio Potash
Project
West Vancouver, British Columbia--(Newsfile Corp. - February 3, 2026) -
Millennial Potash Corp.
(TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company")
is pleased to
announce the appointment of Mr. John Edward (Jack) Scott, P. Eng, MBA as the Company's Senior
Vice President, Project Development.
Mr. Scott will focus on project financing, project infrastructure
development including potash transportation infrastructure as well as product offtake agreements in
support of the Company's ongoing Definitive Feasibility Study ("DFS") for its Banio Potash Project in
Gabon.
Farhad Abasov, Millennial's Chair, commented "We are excited to have Jack Scott join Millennial Potash
as we strengthen our team with additional finance, mining construction and development experience.
We
have worked extensively with Jack on potash and lithium projects over the past 20 years and he is a
welcome addition to our strong finance and technical team as we focus on project financing and our
ongoing DFS for Banio.
Jack will lead our project financing initiatives closely coordinating our work with
United States Development Finance Corporation, project infrastructure development such as product
transportation, pipelines, offtake agreements for potash as well as different facets of the ongoing DFS."
Mr. Scott was most recently Chief Administrative Officer for Alberici Constructors Ltd. and Executive
Vice President, Major Projects at Alberici Corp., a $US 4+ billion, privately held construction contractor
where he was responsible for major project and market partnerships throughout North America.
Mr.
Scott's mining industry experience includes board and senior executive positions in publicly-traded
companies Millennial Lithium and Allana Potash Corp. where he was instrumental in the advancement of
Allana's Danakhil Potash Project and subsequent acquisition by Israel Chemicals Ltd.
Jack currently serves as Chair for the Crosbie holding group whose companies provide marine industrial
services in Canada and the Caribbean to the energy and ship building and maintenance industries, and
over a 40+ year career has held executive roles in public-private, public and private organizations in the
fields of highway, rail, port and airport infrastructure development; offshore wind, nuclear and
conventional power development; physics, security and industrial technology commercialization; telecom
services and systems engineering; and large-scale engineering and construction services.
The Company wishes to clarify and supplement its previously issued news release dated January 29,
2026, with respect to the closing of its concurrent private placement financing. A commission was paid
to Ventum Capital Corp. in connection with the closing and it consisted of cash commission equal to 6%
($44,999.88) of the gross proceeds and commission warrants equal to 4% of the aggregate number of
Concurrent Units (9,836) sold.
Each commission warrant on the Concurrent Financing is exercisable for
one Common Share at an exercise price of $3.05 per Common Share for 36 months from the closing
date of January 29, 2026.
To find out more about Millennial Potash Corp. please contact Investor Relations at (604) 662-8184 or
email at
.
MILLENNIAL POTASH CORP.
"Farhad Abasov"
Chair of the Board of Directors
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This document may contain certain "Forward-Looking Statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When
used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or
"planned", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-
looking statements or information. These forward-looking statements or information may relate to future
prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources,
regulatory or government requirements or approvals including approvals of title and mining rights or
licenses and environmental (including land or water use), local community or indigenous community
approvals, the reliability of third party information, continued access to mineral properties or
infrastructure, changes in laws, rules and regulations in Gabon or any other jurisdiction which may impact
upon the Company or its properties or the commercial exploitation of those properties, currency risks
including the exchange rate of USD$ for Cdn$ or CFA or other currencies, fluctuations in the market for
potash or potash related products, changes in exploration costs and government royalties, export
policies or taxes in Gabon or any other jurisdiction and other factors or information. The Company's
current plans, expectations and intentions with respect to development of its business and of the Banio
Potash Project may be impacted by economic uncertainties arising out of any pandemic or by the
impact of current financial and other market conditions on its ability to secure further financing or funding
of the Banio Potash Project. Such statements represent the Company's current views with respect to
future events and are necessarily based upon a number of assumptions and estimates that, while
considered reasonable by the Company, are inherently subject to significant business, economic,
competitive, political, environmental and social risks, contingencies and uncertainties. Many factors, both
known and unknown, could cause results, performance or achievements to be materially different from
the results, performance or achievements that are or may be expressed or implied by such forward-
looking statements. The Company does not intend, and does not assume any obligation, to update these
forward-looking statements or information to reflect changes in assumptions or changes in
circumstances or any other events affecting such statements and information other than as required by
applicable laws, rules and regulations.
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https://www.newsfilecorp.com/release/282410