Millennial Potash Corp. Announces Mr. Jason Wilkinson as Chief Executive Officer to Lead Banio Potash Project
Millennial Potash Corp. Announces Mr. Jason
Wilkinson as Chief Executive Officer to Lead
Banio Potash Project
Vancouver, British Columbia--(Newsfile Corp. - January 31, 2023) -
Millennial Potash Corp.
(TSXV:
MLP
) ("MLP" or the "Company") (formerly Black Mountain Gold USA Corp.)
is pleased
to announce that it has engaged Jason Wilkinson, M.Sc., as Chief Executive Officer (CEO) to lead the
Company's efforts at its newly acquired Banio Potash Project in Gabon effective Feb. 1, 2023.
Current
CEO Graham Harris will remain with MLP as Director and Senior Vice President-Capital Markets.
Farhad Abasov, Director, commented, "We are very pleased to have Jason Wilkinson join MLP as we
focus on the exploration and development of our new potash project in Gabon.
Jason has been in the
potash business for almost 15 years, most recently with South Harz Potash in their potash projects in
Germany.
From 2009-2015 Jason was the Project Manager and Chief Operating Officer (COO) of
Allana Potash's subsidiary in Ethiopia, guiding their project in the Danakhil Depression from exploration
to completion of a Feasibility Study, pilot solution mining testwork and then acquisition by Israel
Chemicals Ltd.
Jason has done a superb job in all the positions he has held, and we are very happy to
have Jason lead our potash operations at Millennial. With his track record of success in multiple
jurisdictions and under difficult conditions, Jason will be instrumental in expediting Millennial's
development program in the next few months."
Mr. Wilkinson has a M.Sc. in Mineral Exploration from the Royal School of Mines and over 25 years in
mining and exploration, including extensive international experience in the gold, copper and potash
sectors.
Mr. Wilkinson recently held the position of Chief Operating Officer for South Harz Potash and led
all exploration programs, including the completion of a Scoping Study across four mining licenses
located in Thuringia, Germany.
Prior to his time at South Harz, Mr. Wilkinson served as the
COO/Managing Director for Allana Potash Corp.'s Ethiopian subsidiary.
Jason oversaw and guided the
Danakhil Potash Project from the exploration stage, through a Feasibility Study and pilot testwork in one
of the most demanding locations in the world, with temperatures consistently above 40°C.
The engagement of Mr. Wilkinson marks the initiation of MLP's pivot to the potash space and the
establishment of a seasoned potash development team.
Initially, Mr. Wilkinson will spend significant time
at the project building our local team to expedite the upcoming drilling program.
Additional appointments
to augment the corporate team with experienced potash professionals will be undertaken over the
coming months.
OPTIONS GRANTED
The Company has granted a total of 375,000 incentive stock options to certain directors, consultants and
officers of the Company.
The incentive stock options are exercisable for a period of 5 years at an
exercise price of $0.45 per share.
The options are granted pursuant to the Company's stock option plan
and are subject to its approval by the TSX Venture Exchange.
COMPANY ENTERS INTO INVESTOR RELATIONS AGREEMENT
The Company has entered into a communications agreement (the "Agreement") with SRC Swiss
Resource Capital AG ("SRC").
The services to be provided under the Agreement include investor
relations services.
The Agreement has a one-year term (automatically renewable on a quarterly basis
unless terminated by either party) commencing on February 1, 2023.
The Agreement can be terminated
by either party at any time on seven (7) days' notice.
The services to be provided to the Company under
the Agreement include communications services, generally viewed as investor relations, including
dissemination of information to existing and potential shareholders, creating media through interview
and videos as well as supporting the Company (or representing it) at trade and investment shows.
SRC
will not be providing market making services.
Under the terms of the Agreement, SRC is to receive a fee of CHF 3,300 (Swiss Francs) per month.
SRC is a private company based in Herisau, Switzerland.
SRC is led by Jochen Staiger, CEO.
SRC has
extensive experience in providing services to companies listed on various stock exchanges that are
seeking to raise their profile in public markets.
SRC owns 100,000 shares of the Company for
investment purposes and has no intention to sell them at this time.
The Agreement is subject to its approval by the TSX Venture Exchange.
To find out more about Millennial Potash Corp. please contact Investor Relations at (604) 662-8184 or
email at
.
MILLENNIAL POTASH CORP.
"Graham Harris"
CEO, Director
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.
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