Millennial Engages in Non-Brokered Private Placement of Units for Proceeds of $750,000 Concurrently with Previously Announced Life Financing of $17,357,500

Core Viewpoint - Millennial Potash Corp. has successfully completed its LIFE Financing, raising a total of $17,357,500, and is now initiating a Concurrent Offering to raise an additional approximately $750,000 for the development of its Banio Potash Project and general working capital [1][4]. Financing Details - The Concurrent Offering will consist of up to approximately 245,900 units priced at $3.05 per unit, each unit comprising one common share and one-half of a common share purchase warrant [2]. - Each warrant will allow the holder to purchase one common share at an exercise price of $4.00 for three years from issuance [2]. - The total proceeds from the Concurrent Offering, the LIFE Financing, and the full exercise of the Underwriters' Option amount to approximately $18,287,500 [5]. Project Development - The funds raised will be utilized for the future development of the Banio Potash Project, which is positioned to become a significant supplier of potash to the United States, Africa, and Brazil [3]. - The company is currently advancing a definitive feasibility study, an environmental and social impact study, and is working on offtakes and project financing [3]. Regulatory and Compliance - The Concurrent Offering is subject to approval from the TSX Venture Exchange and will have a four-month resale restriction on the securities issued [4][6]. - A commission of up to 6% of the gross proceeds raised will be paid, along with commission warrants equal to up to 4% of the aggregate number of units [5].