Millennial Potash Corp. Initiates Its Environmental and Social Impact Assessment at the Banio Potash Project, Gabon

Millennial Potash (OTCQB: MLPNF) has started an Environmental & Social Impact Assessment (ESIA) at its Banio Potash Project in Gabon with a consortium led by Artelia plus Biotope Afrique Centrale and Insuco Gabon.

Rhea-AI Summary

Millennial Potash (OTCQB: MLPNF) has started an Environmental & Social Impact Assessment (ESIA) at its Banio Potash Project in Gabon with a consortium led by Artelia plus Biotope Afrique Centrale and Insuco Gabon.

The ESIA will follow IFC performance standards, begin with physical and biodiversity baseline studies, include social and stakeholder assessments, and will produce mitigation and management plans. The company expects to complete the ESIA in 2026 and incorporate it into a mining license application in 2026. Millennial also plans a definitive feasibility study to start in coming weeks and granted 980,000 incentive stock options exercisable for five years at $3.22 per share.

Argus Dec 9 session

-0.13% close to close Open Argus

Details

News Market Reaction – MLPNF

On Dec 9, the day this news came out, MLPNF closed 0.13% below the previous close.

Data tracked by StockTitan Argus for the Dec 9 session.

Key Figures

ESIA completion target: 2026 Mining license timing: 2026 Incentive stock options: 980,000 options +2 more

ESIA completion target

2026

Expected completion year for Banio ESIA

Mining license timing

2026

Year targeted for mining license application in Gabon

Incentive stock options

980,000 options

Newly granted options under incentive plan

Option term

5 years

Exercise period for granted incentive stock options

Option exercise price

$3.22 per share

Exercise price of new incentive stock options

Historical Context

5 past events · Latest: Dec 09

5 events

1. Dec 09

   ESIA initiation

   24h Move

   -0.1%

   Launch of ESIA to support future mining license application in Gabon.

2. Nov 17

   Resource estimate update

   24h Move

   +17.1%

   Significant increases in Measured, Indicated and Inferred resources at Banio.

3. Nov 17

   Resource estimate update

   24h Move

   +17.1%

   Detailed MRE confirmation with multi‑billion‑tonne potash resources and grades.

4. Nov 10

   Critical minerals status

   24h Move

   -0.1%

   Potash added to U.S. Critical Minerals list plus US$3M DFC commitment.

5. Nov 04

   IR agreements update

   24h Move

   +13.9%

   TSXV approval and correction related to investor relations agreements.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

environmental & social impact assessment, esia, ifc performance standards, definitive feasibility study, +3 more

7 terms

environmental & social impact assessment regulatory

"it has initiated its Environmental & Social Impact Assessment at its Banio"

An environmental & social impact assessment is a structured review that examines how a project or business activity may affect ecosystems, local communities, worker safety, and wider social conditions; think of it as a health check for the environment and people before a plan goes ahead. Investors use it to gauge legal, reputational, and financial risks—poor results can lead to delays, extra costs, or reduced demand, while strong results can signal long-term viability.

esia regulatory

"including mining projects and the ESIA will be compliant with IFC"

An Environmental and Social Impact Assessment (ESIA) is a structured review that identifies how a project could affect the environment, local communities, and public health, and recommends measures to avoid or reduce harm. For investors, an ESIA signals regulatory readiness and risk level — like a home inspection that reveals hidden repair costs or safety issues — and can influence project timelines, required mitigation spending, and the likelihood of permits or financing being approved.

ifc performance standards regulatory

"projects and the ESIA will be compliant with IFC performance Standards."

A set of international rules used by lenders and project sponsors to identify and manage environmental, social and health risks from development and infrastructure projects. Think of them as a detailed safety and neighborhood-respect checklist that helps prevent pollution, displacement, worker harm and other problems; meeting these standards can reduce delays, legal trouble, cleanup costs and reputational damage, making a project more attractive and bankable to investors.

definitive feasibility study technical

"We are also planning to initiate a definitive feasibility study in coming weeks."

A definitive feasibility study is a detailed, near-final assessment that shows whether a proposed project—often a mine, infrastructure or major industrial venture—can be built and operated profitably. It combines precise engineering plans, realistic cost estimates, production schedules and risk analysis to give lenders and investors a clear picture of expected returns and potential pitfalls, like a full blueprint and budget that helps decide whether to greenlight financing and construction.

mining license regulatory

"The ESIA will be incorporated into our mining license application"

A mining license is an official permit from a government that allows a company to explore, extract and sell minerals or other natural resources from a specific area. It matters to investors because the license determines whether a project can legally operate, how long operations can run, and what costs or environmental rules apply—similar to owning a lease and permissions for a piece of land before building a business on it.

incentive stock options financial

"granting a total of 980,000 incentive stock options exercisable for a period"

Incentive stock options are a type of employee stock option that gives eligible workers the right to buy company shares at a fixed price later on, often below future market value. They matter to investors because they align employee incentives with company performance, can dilute existing ownership when exercised, and create potential tax advantages for option holders if certain holding-time rules are met — think of them as a coupon to buy stock at today’s price with extra tax rules attached.

forward-looking statements regulatory

"This document may contain certain "Forward-Looking Statements" within the meaning"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 info@millennialpotash.com.

Keep up-to-date on Millennial Potash developments and join our online communities on: Twitter, Facebook, LinkedIn, Instagram and YouTube.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277355

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Millennial Potash (MLPNF) announce on December 9, 2025 about the Banio ESIA?

Millennial announced it initiated an ESIA at Banio with a consortium led by Artelia, compliant with IFC performance standards.

When does Millennial Potash expect to complete the Banio ESIA and use it for a mining license (MLPNF)?

The company expects to complete the ESIA in 2026 and present it as part of its mining license application in 2026.

How will the Banio ESIA be conducted for Millennial Potash (OTCQB: MLPNF)?

The ESIA will start with physical baseline studies (hydrology, hydrogeology, water quality, soils, air), then biodiversity and social baseline studies and stakeholder engagement.

What study and funding updates did Millennial Potash (MLPNF) provide alongside the ESIA news?

Millennial plans to start a definitive feasibility study in coming weeks and said it is fully funded to carry out these programs, with US DFC funding to help cover feasibility costs.

What equity compensation did Millennial Potash grant in the December 9, 2025 release (MLPNF)?

The company granted 980,000 incentive stock options exercisable for five years at an exercise price of $3.22 per share.