Core Viewpoint - Millennial Potash Corp. has initiated preliminary environmental baseline studies at its Banio Potash Project in Gabon, engaging Terea Environmental to conduct soil and water sampling, which will inform an Environmental Social Impact Assessment (ESIA) necessary for a mining license application [1][2]. Group 1: Environmental Studies - The company has completed soil and water sampling at various locations within the exploration license to gather baseline data for the ESIA [1]. - Water sampling will assess multiple locations in the lagoon area, including upstream and downstream of the company's camp, while soil sampling will focus on previous exploration sites and access roads [2]. - Preliminary testwork by Terea is expected to be completed in Q1 2025, with laboratory results anticipated in early Q2 2025, and sampling will continue throughout 2025 [2]. Group 2: Company Initiatives - The company emphasizes environmental protection and aligns its efforts with the Gabonese government, with ongoing consultations with the Ministry of the Environment [2]. - The company is granting a total of 1,850,000 incentive stock options, exercisable for five years at an exercise price of $0.51 per share [3].
Millennial Potash Initiates Environmental Baseline Studies at Its Banio Potash Project in Gabon