Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) has wrapped up the extension of a key drillhole at its Banio Potash Project in Gabon, uncovering a thick section of interbedded carnallitite and halite that could meaningfully boost the project's resource potential. Drillhole BA-001-EXT, which was originally stopped back in 2017 at around 364 metres because of soft sediment issues, has now been re-entered and extended down to about 678 metres as part of Millennial's Phase 2 drill program.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) said that two new infrastructure projects being developed in Gabon are expected to improve the operational prospects of its Banio potash project. The company highlighted the completion of Phase 1 of the Mangali Port near Mayumba, a public-private partnership between the Gabonese government and the African Conservation Development Group.
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 Potash Corp (TSX-V:MLP, OTCQB:MLPNF) is getting ready to start the next phase of drilling at its Banio Potash Project in Gabon, the company said on Thursday. The company has hired Merlin Drilling to conduct a Phase 2 drilling program, which consists of two drill holes totaling approximately 1,100 meters.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) said on Tuesday it is increasing the size of its previously announced private placement to raise C$4.93 million, up from the initial C$3.5 million. The financing will now consist of 8.22 million units priced at C$0.60 each, compared with the original plan of 5.83 million units.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) announced plans to raise about C$3.5 million through a private placement to advance exploration and development at its Banio potash project in Gabon. The company will issue 5.83 million units at C$0.60 per unit, with each unit consisting of one common share and one-half of a share purchase warrant, it said in a statement.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) said it has engaged Gabon-based Terea Environmental to conduct preliminary environmental baseline studies at its Banio potash project, a step toward securing a mining license. The company has completed soil and water sampling across the exploration area, with data feeding into an Environmental Social Impact Assessment (ESIA) set to begin in 2025.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) announced that it has closed the second tranche of its private placement, issuing 7 million units at $0.30 each for total proceeds of $2.1 million. Each unit includes one common share and a half warrant, with each whole warrant exercisable at $0.40 per share for two years.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) is heading into 2025 on a high note following a string of positive news from its Banio project in Gabon. With ambitious goals for 2025, including a substantial resource expansion, completion of a bankable feasibility study, and progress on environmental and social impact assessments, the company's chairman Farhad Abasov outlines the company's strategic approach to advancing the project.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) earlier this week shared updates on its ongoing operations in Gabon and key milestones for 2025. Chairman Farhad Abasov emphasized the steady global growth in potash demand, particularly in China, India, and Brazil.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) said it closed the first tranche of its private placement to advance work on its Banio potash project in Gabon. The firm raised C$1.69 million through the issuance of 5.64 million units at C$0.30 per unit in the first tranche.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) announced an increase to its previously disclosed private placement financing, boosting proceeds to $3.79 million from $3.38 million. The company will now issue 12.64 million units, up from the initially planned 11.25 million units, at a price of $0.30 per unit.