Millennial Potash Corp. Announces Appointment of Mr. Rick Lacroix as Director
Millennial Potash Corp. Announces
Appointment of Mr. Rick Lacroix as Director
Vancouver, British Columbia--(Newsfile Corp. - March 6, 2023) -
Millennial Potash Corp. (TSXV:
MLP) ("MLP" "Millennial" or the "Company")
is pleased to announce that Mr. Rick Lacroix has
joined the Company's Board of Directors as MLP continues to strengthen its Board with veterans of the
potash industry.
Farhad Abasov, Millennial's Chair, commented, "We are very pleased that Mr. Rick Lacroix has decided
to join the Millennial Potash Board.
Rick brings a wealth of potash expertise from extraction to marketing
and transportation through top-level positions within Potash Corp. of Saskatchewan (now Nutrien) and
Canpotex, a potash marketing organization of Canadian potash producers.
Rick also was a member of
Allana Potash Corp. and was instrumental in Allana's efforts in developing its potash project in Africa.
More recently Rick was part of the Board of Directors of Millennial Lithium Corp. where he was involved
in all aspects of Millennial Lithium Corp.'s Pastos Grandes Project which was acquired by Lithium
Americas in early 2022.
We are looking forward to Rick's contributions to our Board as we accelerate
our exploration and development activities at our Banio Potash Project in Gabon."
Mr. Lacroix has a B.Sc. Electrical Engineering from the University of Saskatchewan.
Mr. Lacroix began
his potash career in 1981 and has extensive experience in all aspects of potash mining, processing, and
marketing, highlighted by 30+ years with Potash Corp. of Saskatchewan (now Nutrien).
Mr. Lacroix is a
former Senior Vice President of Potash Corp of Saskatchewan (Nutrien) and former Director of
Canpotex and former Chairman of Canpotex Bulk Terminals.
Most recently, Mr. Lacroix served as a
Director for Allana Potash Corp. He was also a director in Millennial Lithium Corp.
In addition to a
comprehensive career in potash, Mr. Lacroix has also been involved in base metal mining operations in
northern Canada and Ontario. Mr. Lacroix brings a wealth of experience in large-scale potash mining
operations, product marketing, distribution, and transportation to the Company.
GRANT OF 100,000 INCENTIVE STOCK OPTIONS
The Company also wishes to announce that it has granted a total of 100,000 incentive stock options
exercisable for a period of five (5) years at an exercise price of $0.50 per share.
TERMINATION OF OPTION TO ACQUIRE MOHAVE GOLD PROJECT
The Company also wishes to announce that it has elected to terminate its option on the Mohave Gold
Project and has provided notice of termination to M3 Metals Corp. ("M3M").
M3M has acknowledged
receipt of the termination notice and the Company and M3M have entered into a mutual release
concerning the Mohave Gold Project.
The Company has no further obligations to M3M regarding the
Mohave Gold Project.
MARCH 1, 2023 NEWS RELEASE (CLOSING OF PRIVATE PLACEMENT)
In some of the disseminated copies of the Company's news release dated March 1, 2023, it was stated
that the proceeds of the Company's private placement were $3,951,500.
This is incorrect.
The correct
proceeds (as stated in the title of the news release) were $3,591,500.
To find out more about Millennial Potash Corp., please contact Investor Relations at (604) 662-8184 or
email at
.
MILLENNIAL POTASH CORP.
"Farhad Abasov"
Chair of the Board of Directors
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release may contain certain "Forward-Looking Statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When
used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan",
"forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking
statements or information. These forward-looking statements or information may relate to future prices of
commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or
government requirements or approvals including approvals of title and mining rights or licenses and
environmental, local community or indigenous community approvals, the reliability of third party
information, continued access to mineral properties or infrastructure, changes in laws, rules and
regulations in Gabon or any other jurisdiction which may impact upon the Company or its properties or
the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for
Cdn$ or other currencies, fluctuations in the market for gold/silver and 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 Covid-19 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 affections such statements and information other than as required by applicable laws, rules and
regulations.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/157324