Millennial Potash Corp., Vancouver, on Feb. 6announced that it has appointed Farhad Abasov as its Chairman of the Board to expedite the company’s efforts at its newly acquired Banio Potash Project in Gabon.
“Mr. Abasov joined the company as Director in 2020, and we are very pleased that he has accepted the position of Chairman of MLP,” said Graham Harris, Director. “Mr. Abasov has over 20 years of successful resource company management and project development arranging in excess of $500 million in project funding in the mining and energy sectors.
“[He] is coming off another successful exit as the President and CEO of Millennial Lithium Corp, which was acquired by Lithium Americas in early 2022 for $490 million. Mr. Abasov brings a wealth of potash experience to the company as the former President and CEO of Allana Potash Corp. and as a Co-Founder of Potash One,” Harris added. “This potash and corporate experience will be crucial in guiding the company’s efforts at its newly acquired Banio Potash Project, and we look forward to an accelerated successful program in 2023.”
Potash One was sold to K+S Group for $470 million.
MLP added that Abasov has extensive experience in the nuclear energy sector gained through his tenure as Senior Vice President at Energy Metals (acquired by Uranium One for $1.8 billion) and at Atomic Energy of Canada.