Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) chairman Farhad Abasov talked with Proactive about the global potash supply landscape and the company's progress on its Gabon-based project. Abasov outlined the challenges faced by countries heavily reliant on imported potash.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) announced that it has begun work on its Environmental and Social Impact Assessment (ESIA) for the Banio Potash Project in Gabon. The company said on Tuesday it has hired a consortium led by Artelia, Société par Actions Simplifée, with Biotope Afrique Centrale and Insuco Gabon participating.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) reported a major upgrade to the mineral resource estimate (MRE) for the northern area of its Banio potash project in Gabon, including a large maiden Measured resource that company leadership said would underpin a forthcoming feasibility study. The updated MRE outlines 648 million tonnes of Measured carnallitite resources, a type of potash-bearing rock used to produce potassium fertilizer, grading 15.7% KCl, the first time the project has reported a Measured category.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF), which is advancing the Banio Potash Project in Gabon, has welcomed the US Geological Survey's decision to include potash on the 2025 List of Critical Minerals. According to the company, the addition of potash, a key agricultural input, to the list reflects efforts to diversify supply chains and reduce dependence on major producers such as Canada, Russia, and Belarus.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) has announced results from drillhole BA-004 at its Banio Potash Project in Gabon, intersecting 101.45 metres of carnallitite averaging 16.8% potassium chloride (KCI) using a 13% cut-off grade. The mineralized zones occur within Evaporite Cycles II to VIII of the Salt Sequence, the company reported.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) said on Thursday it had closed a private placement worth C$9.19 million, with proceeds earmarked for exploration and development at its Banio Potash Project in Gabon. The company issued 5.92 million units priced at C$1.55 each, with each unit consisting of one common share and one-half of a share purchase warrant.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) has announced a non-brokered private placement of approximately $6 million, issuing about 3.87 million units priced at $1.55 each. The proceeds from the offering will support further exploration and development work at Millennial's Banio potash project and will also be used for general working capital.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) chairman Farhad Abasov talked with Proactive about the US International Development Finance Corporation's commitment of up to US$3 million in development funding for the Banio potash project in Gabon. Abasov explained that the funding is structured as non-dilutive, interest-free support, representing a major milestone that reduces geopolitical and financial risks.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) said on Wednesday that the US International Development Finance Corporation (DFC) has committed up to $3 million in development funding for its Banio Potash Project in Gabon, supporting a feasibility study aimed at advancing the fertilizer resource toward production. The strategic investment, announced at a joint signing ceremony in Washington DC on July 8 attended by Gabonese President Brice Oligui Nguema, will be delivered through the DFC's Project Development Program.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF)'s latest drill results from its Banio project in Gabon indicate strong potential to expand the project's resource base, according to analysts at Fundamental Research Corp (FRC), who view the development as a key step toward derisking the asset ahead of a planned feasibility study. Drillhole BA-004 intersected over 100 metres of potash mineralization in multiple thick seams of carnallitite, with mineralization extending the known strike length of the deposit to about eight kilometers.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) has intersected over 100 metres of potash mineralization in its latest drillhole at the Banio potash project in Gabon, a result the company says could significantly enhance the project's resource base. The drillhole, BA-004, was completed to a depth of 667 metres and encountered the evaporite-bearing salt sequence from about 260 metres to the bottom of the hole, Millennial said in a statement.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF)'s latest drill results from its Banio project in Gabon could significantly enhance the asset's resource potential, according to Fundamental Research. The firm highlighted that Millennial's ongoing Phase 2 drill program intersected more than 290 metres of potash seams in the recently extended hole, deepening it from 364 metres to about 678 metres.