The midstream energy space is generally less vulnerable to fluctuations in oil and natural gas prices. Despite this, the outlook for the Zacks Oil and Gas - Pipeline MLP industry is gloomy. With the conservative spending of exploration and production companies, demand for transportation and storage assets is not going to be lucrative.Despite these developments, players like Enterprise Products Partners LP (EPD) , Energy Transfer LP (ET) and Plains All American Pipeline LP (PAA) are well-positioned to sail t ...

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESWest Vancouver, British Columbia--(Newsfile Corp. - January 23, 2026) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company") is pleased to announce that, in response to its previously announced LIFE Financing being fully subscribed including the overallotment for a total of $17,357,500, it will conduct a private placement (the "Concurrent Offering") of up to appro ...

Core Viewpoint - The Alerian MLP ETF offers a compelling investment opportunity by providing high yields without the tax complications associated with master limited partnerships (MLPs) [1][2]. Distribution and Performance - The Alerian MLP ETF has a 30-day SEC yield of 8.1% and a distribution yield just below 8% over the past year, with significant distributions from its MLP holdings [3]. - The ETF has maintained an average yield of over 6.6% since its inception in August 2010 and has paid distributions for 61 consecutive quarters [4]. - The annual expense ratio of the ETF is 0.85%, which is higher than most index ETFs, but the distributions compensate for this cost [4]. Growth Potential - The Alerian MLP ETF has achieved an impressive annualized total return of 25.7% over the last five years, with expectations for growth in 2026 and beyond [6]. - A key growth driver for the MLPs in the ETF's portfolio is the surge in data center construction, with Energy Transfer LP signing agreements to supply natural gas to major data centers [7]. - Other holdings, such as Enterprise Products Partners LP, are investing significantly in capital projects, with $5.1 billion under construction, driven by increasing demand for liquid natural gas (LNG) and artificial intelligence (AI) [8].

Core Viewpoint - Millennial Potash Corp. is conducting a "bought deal" private placement offering of 5,000,000 units at a price of $3.05 per unit, aiming for gross proceeds of $15,250,000 to fund its Banio Potash Project and for general working capital [1][4]. Group 1: Offering Details - The offering consists of units that include one common share and one-half of a common share purchase warrant, with each full warrant allowing the purchase of one common share at an exercise price of $4.00 for three years [1]. - Cantor Fitzgerald Canada Corporation is the lead underwriter for the offering, which will be formalized in an underwriting agreement prior to the closing date [2]. - Underwriters will receive a cash commission of 6% of the gross proceeds and broker's warrants equal to 4% of the units sold, with an option to purchase an additional 15% of the units [3]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated for a definitive feasibility study for the Banio Potash Project and for general working capital [4]. Group 3: Regulatory and Compliance Information - The offering is being made to purchasers in Canadian provinces excluding Quebec, under the Listed Issuer Financing Exemption, and may also be offered in the U.S. and other jurisdictions under applicable laws [5]. - Securities issued will not be subject to a statutory hold period under Canadian securities laws [5].

Core Viewpoint - Millennial Potash Corp. has initiated a Definitive Feasibility Study (DFS) for its Banio Potash Project in Gabon, marking a significant transition from exploration to development stage [1][2]. Group 1: Project Development - The DFS will be conducted by ERCOSPLAN, a leading global potash consulting firm, and will assess a solution mining operation with a base production scenario of 800,000 Tonnes Per Year (TPY) [1][3]. - The company has recently completed a Mineral Resource Estimate indicating Measured + Indicated Mineral Resources of 2,453 billion tonnes at a grade of 16.6% KCl, and Inferred Resources of 3,559 billion tonnes at a grade of 15.6% KCl [2]. - The DFS is expected to be completed in the second half of 2026, alongside an Environmental and Social Impact Assessment (ESIA), both of which will be submitted to the Gabonese government as part of the Mining License application [3]. Group 2: Financial and Strategic Partnerships - The company is fully funded to complete the DFS, with the US International Development Finance Corporation (DFC) committing US $3 million to cover the feasibility study costs [2]. - Ongoing technical studies include dissolution tests, hydrogeological studies, and evaluations of various leaching methods, which are crucial for the project's development [3].

Core Viewpoint - Millennial Potash Corp. has filed an updated technical report for the Banio Potash Project, indicating significant mineral resources in Gabon as of November 11, 2025 [1]. Group 1: Technical Report Details - The technical report titled "Updated Mineral Resource Estimate for the North Target of the Banio Potash Project" was completed by ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH and authored by Dr. Sebastiaan van der Klauw [1]. - The updated mineral resource estimate includes a total measured and indicated resource of 2,452.73 million tonnes (MT) with a potassium chloride (KCl) grade of 15.61% [2]. Group 2: Resource Classification - The resource classification details are as follows: - Measured: 648.19 MT at 15.72% KCl - Indicated: 1,804.54 MT at 15.57% KCl - Inferred: 3,559.49 MT at 15.61% KCl [2]. Group 3: Qualified Persons - The information in the news release has been reviewed and approved by qualified persons, Dr. Sebastiaan van der Klauw and Peter J. MacLean, ensuring compliance with National Instrument 43-101 [3].

Core Insights - Master limited partnerships (MLPs) have underperformed the broader market in 2025, with the Alerian MLP Index down approximately 2.5% while the Energy Select Sector SPDR gained about 3.2% year to date [1] - Despite the sector's weak performance, certain MLPs like Enterprise Products Partners LP, Energy Transfer LP, and Plains All American Pipeline LP continue to attract investor interest [1] Business Structure of MLPs - MLPs are distinct from regular stocks as interests are referred to as units, and unitholders are considered partners in the business [2] - These entities combine the tax advantages of limited partnerships with the liquidity of publicly traded securities [2] Revenue Stability - MLPs typically own assets such as oil and natural gas pipelines and storage facilities, which generate stable fee-based revenues and have limited direct exposure to commodity prices [3] - This structure allows MLPs to maintain and grow distributions over time [3] Factors Contributing to Underperformance - Investor caution regarding near-term volume growth has been a significant factor, with uneven producer activity noted among customers [4] - Contract renewals and pricing pressures have also impacted MLPs, as new contracts may be set at lower rates upon expiration of older agreements [5] - Delays in project earnings due to many large investments being in later stages have led to a shift in investor focus away from MLPs [6] Future Outlook for 2026 - Management teams are optimistic about long-term demand for crude oil, natural gas, and NGL infrastructure, driven by exports and power generation [7] - Improvements from cost cuts, past acquisitions, and built-in contract increases are expected to enhance earnings starting in 2026 [8] - Reduced debt levels are anticipated to provide companies with greater financial flexibility, supporting distributions and making the sector more appealing to investors [8] MLPs to Monitor - Despite challenges in 2025, the outlook for 2026 appears more balanced, with improving fundamentals and visible growth drivers [9] - Key MLPs to watch include Enterprise Products Partners, Energy Transfer, and Plains All American Pipeline, all of which are recognized for their scale, diversified assets, and disciplined capital allocation [9]

Group 1 - Plains All American Pipeline (PAA) has been a favored MLP pick, with increased exposure taken in May of this year [1] - The analyst has a beneficial long position in PAA, EPD, and WES through various financial instruments [2] - The article expresses personal opinions and does not involve compensation from companies mentioned [2] Group 2 - The analyst has over a decade of experience in financial management, focusing on corporate financial strategies and large-scale financings [1] - Significant efforts have been made to institutionalize the REIT framework in Latvia to enhance liquidity in pan-Baltic capital markets [1] - The analyst is involved in policy-level work, including developing national SOE financing guidelines and frameworks for private capital in affordable housing [1]

Core Viewpoint - The Alerian MLP ETF (NYSEARCA:AMLP) provides retirees with an attractive dividend yield of 8.75% by investing in master limited partnerships that focus on energy infrastructure assets such as pipelines, storage facilities, and processing plants [1] Investment Opportunity - The ETF targets master limited partnerships, which are known for their stable cash flows and potential for high dividend yields, making them appealing for income-focused investors [1] - The focus on energy infrastructure assets positions the ETF to benefit from ongoing demand in the energy sector, particularly in the context of increasing energy consumption and infrastructure needs [1] Dividend Yield - The reported dividend yield of 8.75% is significantly higher than many traditional income-generating investments, which may attract retirees seeking reliable income streams [1] - This yield reflects the underlying performance of the energy infrastructure sector, which is critical for the overall economy [1]

Group 1 - Maui Land & Pineapple Company, Inc. (MLP) is showing improvement in commercial occupancy and continues to deliver residential homes [2] - The Valkyrie Trading Society is a team of analysts focused on high conviction and obscure developed market ideas, aiming for non-correlated and outsized returns in the current economic environment [2] - The Value Lab offers a portfolio with real-time updates, 24/7 chat support, regular global market news reports, and feedback on member stock ideas [2]