Millennial Potash Corp.
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Millennial Potash Ranked 3rd on the 2026 TSX Venture 50 List of Top Performing Companies
TMX Newsfile· 2026-02-18 13:00
Core Insights - Millennial Potash Corp. has been ranked 3rd overall on the 2026 TSX Venture 50 list, which recognizes top-performing companies based on market capitalization growth, share price appreciation, and trading value [1][2]. Company Performance - In 2025, Millennial Potash achieved a 275% increase in Measured & Indicated Mineral Resources and a 210% increase in Inferred Mineral Resources at its Banio Potash Project in Gabon, with the updated Mineral Resource Estimate totaling 2.45 billion tonnes Measured & Indicated at 15.6% KCl and 3.56 billion tonnes Inferred at 15.6% KCl, covering only about 5% of the project area [2]. - The company advanced the Banio Project into the development stage by initiating a Definitive Feasibility Study (DFS), supported by a US$3 million strategic project development commitment from the U.S. International Development Finance Corporation [3]. Strategic Developments - The Chairman of Millennial Potash highlighted the significant progress made at the Banio Project, including transformational resource growth and alignment with U.S. food security initiatives, positioning Banio as a potential low-cost supplier of potash to the U.S., Brazil, and Africa [4]. - The Banio Potash Project has demonstrated strong fundamentals, with a Preliminary Economic Assessment indicating an after-tax NPV10% of US$1.07 billion, a 32.6% IRR, and operating costs of US$61 per tonne of granular MOP [4]. Future Outlook - With DFS work underway, ongoing infrastructure development in Mayumba, U.S. DFC support, and continued drilling programs, the company believes it is well-positioned to further de-risk the project while exploring development and strategic partnership opportunities [5].
Millennial Closes "Bought Deal" LIFE Offering of $17,537,500 and Concurrent Non-Brokered Private Placement for Total Proceeds of $18,287,500
TMX Newsfile· 2026-01-29 13:41
Core Viewpoint - Millennial Potash Corp. has successfully closed a "bought deal" private placement offering, raising gross proceeds of $17,537,500 through the sale of 5,750,000 units at a price of $3.05 per unit, which includes a 15% over-allotment option exercised by underwriters [1][2]. Group 1: Offering Details - The LIFE Offering was led by Cantor Fitzgerald Canada Corporation as the lead underwriter and sole bookrunner [2]. - Concurrently, the company closed a non-brokered private placement offering of 245,901 additional units at the same offering price, generating an additional $750,000 in gross proceeds [3]. - Each unit from both offerings consists of 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 36 months [4]. Group 2: Use of Proceeds - The net proceeds from the offerings will be allocated towards the costs of a definitive feasibility study for the Banio Potash Project and for general working capital [5]. Group 3: Regulatory and Compliance Information - The LIFE Units were issued under specific Canadian securities regulations and are not subject to a hold period, while the Non-LIFE Units are subject to a four-month resale restriction [6][7]. - The company paid the underwriters a cash commission of $1,052,250 and issued non-transferable compensation options for the purchase of up to 230,000 common shares at the offering price until January 29, 2029 [8]. Group 4: Company Statements - The Chairman of Millennial Potash Corp. expressed satisfaction with the completion of the LIFE offering, highlighting the confidence from leading global asset management firms in the company's progress and development plans [11].
Millennial Engages in Non-Brokered Private Placement of Units for Proceeds of $750,000 Concurrently with Previously Announced Life Financing of $17,357,500
TMX Newsfile· 2026-01-23 13:00
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].
Millennial Announces "Bought Deal" Private Placement Life Offering for Proceeds of $15,250,000
TMX Newsfile· 2026-01-19 12:30
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].
Millennial Potash Corp. Initiates Definitive Feasibility Study with US DFC Funding at its Banio Potash Project, Gabon
TMX Newsfile· 2026-01-13 13:00
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].
Millennial Potash Files Updated Mineral Resource Estimate Report for Its Banio Potash Project
TMX Newsfile· 2025-12-29 21:45
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].
The Quaternary Group Ltd. Purchases a Further 2,843,600 Shares of Millennial Potash Corp
TMX Newsfile· 2025-12-16 13:00
Core Viewpoint - Millennial Potash Corp. has reported an acquisition of additional shares by The Quaternary Group Ltd., increasing its ownership stake in the company [1][2][3]. Group 1: Acquisition Details - The Acquiror has acquired an additional 2,843,600 shares, bringing its total ownership to 28,935,656 common shares and 9,311,829 share purchase warrants [2][3]. - Prior to this acquisition, the Acquiror owned 26,092,056 common shares, representing approximately 24.64% of the outstanding shares on a non-diluted basis and 30.73% on a fully-diluted basis [2]. - After the acquisition, the Acquiror's ownership represents approximately 26.27% of the outstanding common shares on a non-diluted basis and 32.02% on a fully-diluted basis [3]. Group 2: Intentions and Future Plans - The Acquiror holds the shares and warrants for investment purposes and currently has no specific plans that would result in significant changes to the company [4]. - Future intentions may depend on market conditions, the company's financial condition, and other relevant factors, which could lead to further acquisitions or disposals of securities [4]. Group 3: Reporting and Compliance - An Early Warning Report will be filed by the Acquiror in connection with this acquisition, which will be available on SEDAR+ under the company's profile [5]. - The company emphasizes the importance of staying updated on its developments through various online platforms [5].
Millennial Potash Corp. Initiates Its Environmental and Social Impact Assessment at the Banio Potash Project, Gabon
Newsfile· 2025-12-09 13:00
Core Points - Millennial Potash Corp. has initiated its Environmental & Social Impact Assessment (ESIA) for the Banio Potash Project in Gabon, engaging a consortium led by Artelia to ensure compliance with IFC performance standards [1][2] - The ESIA will include comprehensive baseline studies on the physical environment, biodiversity, and socio-economic conditions, with completion expected in 2026 [2] - The ESIA will be a critical component of the mining license application anticipated for 2026, following a successful Stage 2 drill program that increased the resource estimates [2] Company Developments - The company is fully funded to carry out the ESIA and plans to initiate a definitive feasibility study in the coming weeks, with US DFC funding allocated for feasibility study costs [2] - A total of 980,000 incentive stock options have been granted, exercisable for five years at an exercise price of $3.22 per share [3]
Millennial Potash Announces Update to September 19, 2025 News Release
Newsfile· 2025-11-04 22:00
Core Points - Millennial Potash Corp. has received approval from the TSX Venture Exchange for three investor relations agreements [1][2] - The agreements include the Vorticom Agreement, the Proactive Agreement, and the Fundamental Research Agreement [1] - Fundamental Research will be overseen by Mr. Sid Rajeev, CFA, with the agreement set to expire on February 26, 2027 [2] Company Agreements - The company has entered into three investor relations agreements as disclosed in the news release dated September 19, 2025 [1] - Services are currently being provided under all three agreements [2] - The Fundamental Research Agreement has a term of 18 months [2]
Millennial Enters into Investor Relations Agreements to Raise Profile with Global Investment Community
Newsfile· 2025-09-19 20:30
Core Viewpoint - Millennial Potash Corp. has entered into three investor relations agreements to enhance its visibility within the global investment community [1] Group 1: Vorticom Inc. Agreement - The company has signed a communications agreement with Vorticom Inc. to prepare media pitches, articles, and other communications for public distribution [2] - The agreement has a month-to-month term and can be terminated with sixty days' notice [3] - Vorticom will receive a fee of US$7,500 per month for approximately thirty hours of services and US$500 for targeted media monitoring services [3] Group 2: Fundamental Research Corp. Agreement - An agreement has been made with Fundamental Research Corp. to prepare up to five research reports over an eighteen-month period [5] - The company can renew the agreement for further reports after the fourth report [6] - FRC will receive a fee of C$29,000 payable in advance for the preparation of the reports [6] Group 3: Proactive Group Holdings Agreement - The company has entered into an agreement with Proactive Group Holdings for digital marketing and media services, including virtual investor events [10] - The agreement expires on August 31, 2026, and can be renewed for another year [11] - Proactive will receive a fee of C$28,000 annually in advance [11] Group 4: Compliance and Funding - All three agreements require compliance with applicable securities laws and regulations [13] - Payments for the agreements will be made from the company's existing working capital [13]