CEO Clips - Millennial Potash: Project in Gabon aims to address Agricultural Needs
Agriculture stocks to watch
Millennial Potash is focused on exploring and extracting potash for agricultural use in Gabon, a stable African country.
The company is optimistic about the project's potential, given that all previous drill holes have intersected potash. With infrastructure already on-site, the company will begin drilling immediately, and shareholders can expect drill results in the coming months. A maiden resource estimate is expected by the end of summer, which will determine the next steps. If the results are positive, the company will move forward with a preliminary economic assessment, which is anticipated to be completed by the end of the year or early 2024. The potash project has the potential to make a significant impact on the agriculture industry, providing a key fertilizer to support crop growth and food production.
Farhad Abasov, Chairman, Director
Mr. Abasov built and sold multiple resource companies: President and CEO, Millennial Lithium sold to Lithium Americas for $490M; President and CEO, Allana Potash Corp. sold to Israel Chemical Ltd. for $170M. Mr. Abasov is also a co-founder of Potash One which sold to K+S for $430M, as well as Senior VP of Energy Metals which sold to Uranium One for $1.8B. He raised over $500 million for public and private companies in energy and mining sectors.
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