Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) has welcomed the election of President Brice Oligui Nguema in Gabon, following his victory with 90.35% of the vote in an April 12 election that saw 70.4% voter turnout.
President Nguema has led Gabon since August 2023 and has overseen political and economic reforms aimed at stabilizing the country, fostering growth and investment, and enhancing social programs, according to the company.
Millennial said the return to civilian rule and the election result mark “a new era of progress and development for Gabon,” and noted that Nguema’s commitment to infrastructure improvements, including enhancements to export facilities, aligns with its objectives for the Banio potash project.
“These advancements are expected to greatly benefit the Banio project and contribute to its future success,” the company said in a statement.
Millennial added that it looks forward to continued collaboration with the Gabonese government under Nguema’s leadership.