Millennial Potash Corp. Initiates Its Environmental and Social Impact Assessment at the Banio Potash Project, Gabon
Millennial Potash Corp. Initiates Its
Environmental and Social Impact Assessment
at the Banio Potash Project, Gabon
West Vancouver, British Columbia--(Newsfile Corp. - December 9, 2025) -
Millennial Potash Corp.
(TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company")
is pleased to
announce that it has initiated its Environmental & Social Impact Assessment at its Banio Potash Project
in Gabon.
The Company has engaged a consortium led by Artelia, Société par Actions Simplifée
("Artelia") and including Biotope Afrique Centrale and Insuco Gabon to complete the ESIA.
The group
has extensive experience with large scale projects globally and throughout Africa including mining
projects and the ESIA will be compliant with IFC performance Standards.
Farhad Abasov, Millennial's Chair, commented "We are very pleased to have initiated our ESIA study as
we progress with our potash development project in Gabon.
We look forward to working with the Artelia
group and completing a comprehensive ESIA for the project.
The initiation of the ESIA marks another
step in the development of the Banio Potash Project after the very successful Stage 2 drill program that
resulted in a significant increase of our Measured, Indicated and Inferred resource. The ESIA will be
incorporated into our mining license application which we expect to pursue in 2026. We are also
planning to initiate a definitive feasibility study in coming weeks. The company is fully funded to carry out
these programs. The US DFC funding will also be applied to cover our feasibility study costs."
The comprehensive ESIA for the project will commence shortly with physical environment baseline
studies including hydrology, hydrogeology, water quality, soils and air quality followed by bio-diversity
baseline studies which will include an extensive coverage of flora and fauna in the region.
Baseline
studies for the social component of the study will include a review of the socio-economic conditions in
the project area and will expand on the
stakeholder engagement work that has been initiated by the
Company.
The final ESIA will outline any mitigation measures for the project and will include
comprehensive environmental and social management plans.
The ESIA is expected to be completed in
2026 and will be presented to the government of Gabon as part of the Company's application for a
mining license.
The Company is granting a total of 980,000 incentive stock options exercisable for a period of five (5)
years at an exercise price of $3.22 per share.
To find out more about Millennial Potash Corp. please contact Investor Relations at (604) 662 8184 or
email at
.
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MILLENNIAL POTASH CORP.
"Farhad Abasov"
Chair of the Board of Directors
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This document may contain certain "Forward-Looking Statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When
used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or
"planned", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-
looking statements or information. These forward-looking statements or information may relate to future
prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources,
regulatory or government requirements or approvals including approvals of title and mining rights or
licenses and environmental (including land or water use), local community or indigenous community
approvals, the reliability of third party information, continued access to mineral properties or
infrastructure, changes in laws, rules and regulations in Gabon or any other jurisdiction which may impact
upon the Company or its properties or the commercial exploitation of those properties, currency risks
including the exchange rate of USD$ 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/277355