Millennial Potash Reports Completion of Mangali Port Phase 1 and Upcoming Equipment Arrival for Mayumba Power Station Near Its Banio Potash Project
Millennial Potash Corp (TSXV: MLP, OTCQB: MLPNF) announces the completion of Phase 1 of the Mangali Port project in Gabon, featuring a 130-meter quay for vessels with 3-meter draft. The port, operated by Grande Mayumba Port Company under a 30-year agreement, will soon receive equipment including gas turbines for the nearby Mayumba Power Station.
The power station, currently under construction, will initially provide 8.5 MW capacity (expandable to 50 MW) and is expected to deliver reliable energy to the region. While both infrastructure projects are independent of Millennial, their proximity to the company's Banio Potash Project is anticipated to enhance operational capabilities through improved shipping logistics and stable power supply for future mining operations.
Millennial Potash Corp (TSXV: MLP, OTCQB: MLPNF) annuncia il completamento della Fase 1 del progetto Mangali Port in Gabon, che comprende una banchina lunga 130 metri per navi con pescaggio di 3 metri. Il porto, gestito dalla Grande Mayumba Port Company con un accordo trentennale, riceverà a breve attrezzature tra cui turbine a gas per la vicina centrale elettrica di Mayumba.
La centrale, attualmente in costruzione, avrà una capacità iniziale di 8,5 MW (espandibile fino a 50 MW) e si prevede fornirà energia affidabile alla regione. Sebbene entrambi i progetti infrastrutturali siano indipendenti da Millennial, la loro vicinanza al progetto Banio Potash dell’azienda dovrebbe migliorare le capacità operative grazie a una logistica di spedizione più efficiente e a una fornitura stabile di energia per le future attività minerarie.
Millennial Potash Corp (TSXV: MLP, OTCQB: MLPNF) anuncia la finalización de la Fase 1 del proyecto Puerto Mangali en Gabón, que cuenta con un muelle de 130 metros para embarcaciones con un calado de 3 metros. El puerto, operado por Grande Mayumba Port Company bajo un acuerdo de 30 años, pronto recibirá equipos, incluyendo turbinas de gas para la cercana Central Eléctrica Mayumba.
La central eléctrica, actualmente en construcción, tendrá una capacidad inicial de 8,5 MW (ampliable a 50 MW) y se espera que proporcione energía confiable a la región. Aunque ambos proyectos de infraestructura son independientes de Millennial, su proximidad al proyecto Banio Potash de la compañía se prevé que mejore las capacidades operativas mediante una logística de envío optimizada y un suministro eléctrico estable para las futuras operaciones mineras.
Millennial Potash Corp (TSXV: MLP, OTCQB: MLPNF)는 가봉의 Mangali Port 프로젝트 1단계 완료를 발표했습니다. 이 항구는 3미터 흘수의 선박을 위한 130미터 길이의 부두를 갖추고 있습니다. 항구는 30년 계약 하에 Grande Mayumba Port Company가 운영하며, 인근 Mayumba 발전소에 사용할 가스터빈 등 장비가 곧 설치될 예정입니다.
현재 건설 중인 발전소는 초기 8.5MW 용량(최대 50MW 확장 가능)을 제공할 예정이며, 지역에 안정적인 전력을 공급할 것으로 기대됩니다. 두 인프라 프로젝트는 Millennial과 독립적이지만, 회사의 Banio Potash 프로젝트와 인접해 있어 향후 광산 운영을 위한 향상된 선적 물류 및 안정적인 전력 공급을 통해 운영 능력을 강화할 것으로 예상됩니다.
Millennial Potash Corp (TSXV : MLP, OTCQB : MLPNF) annonce l’achèvement de la Phase 1 du projet Port Mangali au Gabon, comprenant un quai de 130 mètres pour des navires avec un tirant d’eau de 3 mètres. Le port, exploité par Grande Mayumba Port Company dans le cadre d’un accord de 30 ans, recevra prochainement des équipements, notamment des turbines à gaz pour la centrale électrique de Mayumba toute proche.
La centrale, actuellement en construction, offrira une capacité initiale de 8,5 MW (extensible à 50 MW) et devrait fournir une énergie fiable à la région. Bien que ces deux projets d’infrastructure soient indépendants de Millennial, leur proximité avec le projet Banio Potash de la société devrait améliorer les capacités opérationnelles grâce à une logistique d’expédition optimisée et à une alimentation électrique stable pour les futures opérations minières.
Millennial Potash Corp (TSXV: MLP, OTCQB: MLPNF) gibt den Abschluss der Phase 1 des Mangali Port-Projekts in Gabun bekannt, das einen 130 Meter langen Kai für Schiffe mit einem Tiefgang von 3 Metern umfasst. Der Hafen wird von der Grande Mayumba Port Company im Rahmen eines 30-jährigen Vertrags betrieben und erhält bald Ausrüstung, darunter Gasturbinen für das nahegelegene Mayumba-Kraftwerk.
Das derzeit im Bau befindliche Kraftwerk wird zunächst eine Kapazität von 8,5 MW (erweiterbar auf 50 MW) bereitstellen und soll der Region zuverlässige Energie liefern. Obwohl beide Infrastrukturprojekte unabhängig von Millennial sind, wird erwartet, dass ihre Nähe zum Banio Potash Projekt des Unternehmens die operativen Fähigkeiten durch verbesserte Versandlogistik und eine stabile Stromversorgung für zukünftige Bergbauaktivitäten stärkt.
- Strategic location of new port infrastructure enhances export logistics potential
- Proximity to new power station (8.5 MW, expandable to 50 MW) ensures reliable energy access
- 30-year port operating agreement provides long-term infrastructure stability
- Company has no direct control over port construction or operations
- Infrastructure projects are independent initiatives requiring third-party cooperation
Vancouver, British Columbia--(Newsfile Corp. - April 22, 2025) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company") is pleased to announce the completion of Phase 1 of the Mangali Port and provide an update on the ongoing construction of the thermal power plant near Mayumba, Gabon. These infrastructure projects, located in close proximity to the Company's Banio Potash Project, are independent initiatives led by private and Gabonese government partners and are expected to significantly enhance the operational and economic prospects of Millennial's potash development efforts.
Mangali Port Phase 1 Completion
The completion of Phase 1 of the Mangali Port, a public-private partnership project between the African Conservation Development Group (see https://afcondev.com/grande-mayumba), and the Gabonese Republic represents a significant milestone for southern Gabon's infrastructure development. As outlined in the Company's November 13, 2024 news release, Phase 1 includes the construction of a 130-meter quay designed for vessels with a 3-meter draft, accommodating barges and landing craft. This infrastructure has been developed, and is to be operated, by Grande Mayumba Port Company (GMPC) under a long-term (30 years) public service agreement with the Port Authority (OPRAG), marking the first phase of a broader initiative to expand port and industrial zone capacity and increase draft depth to accommodate larger vessels and support all business development in Southern Gabon. With this phase now complete, the port is poised to begin receiving equipment imminently, starting with the gas turbines for the Mayumba Power Station, scheduled to arrive in mid-April. This development strengthens the region's capacity for maritime activity and is expected to support the efficient export logistics critical to any development of the Banio Potash Project. Millennial has no direct involvement in the port's construction or operations.
Mayumba Power Station Progress
Construction of the thermal power plant south of Mayumba continues to advance, with the upcoming arrival of the gas turbines marking a key step forward. Once operational, the power station—initially set to deliver 8.5 MW of capacity, expandable to 50 MW—will provide a reliable energy source for the region. While this project is a public-private partnership independent of Millennial, its proximity to the Banio Potash Project is anticipated to mitigate risks related to future mining and processing operations by ensuring access to stable power infrastructure.
Farhad Abasov, Chair of Millennial Potash, stated: "The completion of Phase 1 of the Mangali Port and the scheduled arrival of the Mayumba Power Station gas turbines in mid-April are transformative developments for southern Gabon. Although these projects are not specifically for Millennial at this point, their close proximity to our Banio Potash Project significantly enhances our operational outlook as we expect to be able to make use of these facilities in due time. The port will facilitate efficient shipping, and the power plant will provide a dependable energy supply—both critical to the success of our proposed solution mining and conventional processing methods. We applaud the Gabonese government's commitment to regional infrastructure and will continue to update our shareholders as these advancements unfold."
Millennial remains dedicated to advancing the Banio Potash Project and supporting the Gabonese government's broader efforts to develop southern Gabon. The Company will provide further updates as these nearby infrastructure projects progress and influence the planning and development of its potash operations.
To find out more about Millennial Potash Corp. please contact Investor Relations at (604) 6628184 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/248950
FAQ
What infrastructure developments were completed near MLPNF's Banio Potash Project in April 2025?
How will the Mangali Port benefit MLPNF's potash operations in Gabon?
What is the power generation capacity of the Mayumba Power Station near MLPNF's project?
Who operates the Mangali Port facility near MLPNF's Banio Project?
