Millennial Potash Provides Update on Recent Cooperation Agreements Between the United States and Gabon
Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) has provided an update on recent cooperation agreements between the United States and Gabon, home to its Banio Potash Project. The U.S. has welcomed Gabon's commitment to a democratic transition and plans to strengthen their partnership in economic, environmental, and security sectors. Key points include:
1. U.S. support for Gabon's democratic transition through the ADAPT initiative.
2. Plans to strengthen economic partnership and increase investment.
3. Collaboration on securing critical mineral supply chains.
4. USAID to place a full-time country manager in Libreville in 2025.
5. $2 million additional funding for biodiversity preservation.
6. Partnership on maritime security and defense cooperation.
Millennial Potash's Chair, Farhad Abasov, expressed excitement about the partnership, noting its potential to boost foreign investment and infrastructure growth in Gabon.
Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) ha fornito un aggiornamento sui recenti accordi di cooperazione tra gli Stati Uniti e il Gabon, sede del suo progetto di potassio Banio. Gli Stati Uniti hanno accolto con favore l'impegno del Gabon per una transizione democratica e pianificano di rafforzare la loro partnership nei settori economico, ambientale e della sicurezza. I punti chiave includono:
1. Supporto degli Stati Uniti per la transizione democratica del Gabon attraverso l'iniziativa ADAPT.
2. Piani per rafforzare la partnership economica e aumentare gli investimenti.
3. Collaborazione per garantire le catene di approvvigionamento dei minerali critici.
4. USAID destinerà un manager di paese a tempo pieno a Libreville nel 2025.
5. 2 milioni di dollari di finanziamenti aggiuntivi per la conservazione della biodiversità.
6. Partnership sulla sicurezza marittima e cooperazione nella difesa.
Il presidente di Millennial Potash, Farhad Abasov, ha espresso entusiasmo per la partnership, sottolineando il suo potenziale per aumentare gli investimenti esteri e la crescita delle infrastrutture in Gabon.
Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) ha proporcionado una actualización sobre los recientes acuerdos de cooperación entre los Estados Unidos y Gabón, sede de su Proyecto de Potasio Banio. Los Estados Unidos han recibido con agrado el compromiso de Gabón con una transición democrática y planean fortalecer su asociación en los sectores económico, ambiental y de seguridad. Los puntos clave incluyen:
1. Apoyo de EE. UU. a la transición democrática de Gabón a través de la iniciativa ADAPT.
2. Planes para fortalecer la asociación económica y aumentar la inversión.
3. Colaboración en la seguridad de las cadenas de suministro de minerales críticos.
4. USAID colocará un gerente de país a tiempo completo en Libreville en 2025.
5. 2 millones de dólares en financiamiento adicional para la preservación de la biodiversidad.
6. Asociación en seguridad marítima y cooperación en defensa.
El presidente de Millennial Potash, Farhad Abasov, expresó su entusiasmo por la asociación, señalando su potencial para impulsar la inversión extranjera y el crecimiento de la infraestructura en Gabón.
Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF)는 가봉에 있는 Banio Potash 프로젝트와 관련하여 미국과 가봉 간의 최근 협력 협정에 대한 업데이트를 제공했습니다. 미국은 가봉의 민주적 전환에 대한 약속을 환영하고 경제, 환경 및 보안 분야에서의 파트너십 강화를 계획하고 있습니다. 주요 사항은 다음과 같습니다:
1. ADAPT 이니셔티브를 통한 가봉의 민주적 전환에 대한 미국의 지원.
2. 경제적 파트너십 강화 및 투자 증가 계획.
3. 중요한 광물 공급망 확보를 위한 협력.
4. USAID가 2025년 리브르빌에 상주 국가 관리자를 배치할 예정.
5. 생물 다양성 보존을 위한 추가 자금 200만 달러.
6. 해양 안보 및 방어 협력에 관한 파트너십.
Millennial Potash의 의장인 Farhad Abasov는 파트너십에 대한 기대감을 나타내며, 이를 통해 외국인 투자 및 가봉의 인프라 성장에 기여할 수 있는 잠재력을 강조했습니다.
Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) a fourni une mise à jour sur les récents accords de coopération entre les États-Unis et le Gabon, où se trouve son projet de potasse Banio. Les États-Unis ont salué l'engagement du Gabon envers une transition démocratique et prévoient de renforcer leur partenariat dans les secteurs économique, environnemental et de la sécurité. Les points clés incluent :
1. Soutien des États-Unis à la transition démocratique du Gabon à travers l'initiative ADAPT.
2. Plans pour renforcer le partenariat économique et augmenter les investissements.
3. Collaboration pour sécuriser les chaînes d'approvisionnement en minéraux critiques.
4. USAID aimerait installer un responsable de pays à plein temps à Libreville en 2025.
5. 2 millions de dollars de financements supplémentaires pour la préservation de la biodiversité.
6. Partenariat sur la sécurité maritime et la coopération en matière de défense.
Farhad Abasov, président de Millennial Potash, a exprimé son enthousiasme pour ce partenariat, soulignant son potentiel pour stimuler les investissements étrangers et la croissance des infrastructures au Gabon.
Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) hat ein Update zu den jüngsten Kooperationsvereinbarungen zwischen den Vereinigten Staaten und Gabun, dem Heimatland seines Banio-Potash-Projekts, bereitgestellt. Die USA haben Gabuns Engagement für einen demokratischen Übergang begrüßt und planen, ihre Partnerschaft in den Bereichen Wirtschaft, Umwelt und Sicherheit zu verstärken. Die wichtigsten Punkte umfassen:
1. Unterstützung der USA für Gabuns demokratischen Übergang durch die ADAPT-Initiative.
2. Pläne zur Stärkung der wirtschaftlichen Partnerschaft und zur Erhöhung der Investitionen.
3. Zusammenarbeit zur Sicherung von Lieferketten für kritische Mineralien.
4. USAID wird im Jahr 2025 einen Vollzeit-Länderleiter in Libreville einsetzen.
5. Weitere 2 Millionen Dollar für den Erhalt der biologischen Vielfalt.
6. Partnerschaft in der maritimen Sicherheit und Verteidigungszusammenarbeit.
Der Vorsitzende von Millennial Potash, Farhad Abasov, äußerte seine Begeisterung über die Partnerschaft und betonte deren Potenzial, ausländische Investitionen und das Wachstum der Infrastruktur in Gabun zu steigern.
- Strengthened U.S.-Gabon partnership may create a favorable investment climate for Millennial Potash's Banio Project
- U.S. plans to support Gabon in understanding its critical mineral resource potential, which could benefit the potash sector
- Increased U.S. investment in Gabon, including $500 million for port infrastructure, may improve logistics for potash exports
- U.S. Chamber of Commerce's Investment Guide aims to increase U.S. private sector engagement in Gabon
- None.
West Vancouver, British Columbia--(Newsfile Corp. - October 15, 2024) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company") is pleased to provide an update to shareholders on recent political developments in Gabon, home to its flagship Banio Potash Project. In a Joint Statement from the United States and the Republic of Gabon, the U.S. Department of State released a summary of recent meetings between the two countries (see https://www.state.gov/u-s-cooperation-with-gabon; and CNBC Africa press release dated Oct.7, 2024; https://www.cnbcafrica.com/wire/651292/ ). On Oct. 3, 2024 the U.S welcomed Transition President Brice Clotaire Oligui Nguema as the U.S. and Gabon commemorated sixty-four years of diplomatic relations outlining their intentions to elevate their partnership. The U.S. recognized Gabon's commitment to a democratic transition and indicated this provides an opportunity to strengthen this partnership including economic, environmental and security sectors.
Farhad Abasov, Millennial's Chair, commented "Millennial is excited about the continuing robust partnership between the United States and Gabon. As the U.S. champions Gabon's dedication to free and transparent elections and the restoration of civilian governance, we're witnessing a wave of transformative initiatives designed to boost foreign investment in the country including numerous infrastructure initiatives which are in progress. MLP's Banio Potash Project is set to transform agriculture, not only in Gabon but throughout Africa, and together, the U.S. and Gabon are paving the way for significant foreign investment opportunities, fueling infrastructure growth and economic progress, and this renewed collaboration promises a bright future for the region."
The State Department indicated that the U.S. plans to support ongoing efforts by Gabon toward an inclusive transition to democracy through the African Democratic and Political Transitions initiative (ADAPT). The ADAPT initiative will support the constitutional referendum as well as free, fair and transparent elections. The U.S. government will work with the Consortium for Elections and Political Process Strengthening (CEPPS) and the U.S. Institute of Peace to provide technical assistance to strengthen election administration, voter education including supporting journalists and civil society to monitor election processes.
The United States and Gabon also outlined plans to strengthen their economic partnership to support the Gabonese economy, expand trade cooperation and increase investment. To further their plans the U.S. Chamber of Commerce hosted meetings between U.S. and Gabonese companies. The U.S, Chamber of Commerce has developed a U.S.-Gabon Investment Guide aimed at increasing U.S. private sector engagement in the country. In addition, the U.S. International Development Finance Corporation (DFC) announced plans to visit Gabon in November to explore additional investment opportunities. This is in addition to DFC's
The U.S. and Gabon announced they will also partner on securing critical mineral supply chains as both countries have shared interests in supporting the reliability of these important supply chains. The U.S. intends to undertake technical cooperation to assist Gabon with understanding the extent of its critical mineral resource potential, strengthening the competitiveness of Gabon's investment frameworks and help to identify paths to market for the country's critical mineral resources.
As cooperation between the two countries is increasing, USAID intends to place a full-time country manager in Libreville in 2025. The U.S. and Gabon also remain committed to preserving Gabon's biodiversity and the ecotourism industry. The U.S. Fish and Wildlife Service, with funding from USAID's Central Africa Regional Program for the Environment (CARPE), will provide
The United Sates and Gabon will also partner on common security objectives including strengthening maritime security in the Atlantic. To meet this objective the U.S. plans to provide technical assistance to strengthen port security, technical assistance and support for Gabon radar stations as well as adding two new stations at Port Gentil and Mayumba to improve surveillance in the region. The U.S. will also provide maritime patrol vessels as well as operational training to support the ANPN to combat threats to Gabon's territorial waters.
To further enhance the security partnership the U.S. will expand its commitment to strengthen the Gabonese defence and security forces to participate in regional security efforts. To expedite this effort the United States and Gabon are building on existing programs such as Gabon's participation in the State Sponsorship Program with the West Virginia National Guard which provides Gabon with specialized training to enhance its emergency response capabilities.
The United Sates and Gabon reiterated their commitment to strengthen U.S.-Gabonese relations to establish a stronger and enduring strategic partnership and work diligently toward the conclusion of a defense cooperation agreement.
To find out more about Millennial Potash Corp. please contact Investor Relations at (604) 6628184 or email at info@millennialpotash.com.
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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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226416
FAQ
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