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Sage Potash Announces That Stockwell Day Joins Its Board of Directors
Newsfile· 2025-08-14 12:30
Core Viewpoint - Sage Potash Corp. has appointed The Honourable Stockwell Day to its board of directors, which is seen as a significant milestone for the company in developing its potash project in the U.S. [1][2] Company Overview - Sage Potash Corp. is focused on developing the Sage Plain Potash Project located in the Paradox Basin, Utah, and aims to become a prominent domestic potash producer using sustainable solution mining techniques [5]. Appointment Significance - The appointment of Stockwell Day is expected to enhance Sage's ability to navigate the current trade environment, leveraging his extensive experience in trade and security with U.S. administrations [2][4]. - Stockwell Day's political background includes serving as a Member of Parliament and holding various senior positions, such as Minister of Public Safety and Minister of International Trade, which involved direct collaboration with U.S. administrations on critical issues [3][4]. Experience and Relationships - Mr. Day has established long-term global relationships, particularly in countries like China, Japan, South Korea, and India, which could benefit Sage Potash in its international dealings [4]. - He currently serves on the boards of RCI Capital Group and Strategem Capital, and has been involved with organizations such as the World Trade Organization and the Canada India Business Council [4].
Millennial Potash raises C$9.2M in upsized private placement
Proactiveinvestors NA· 2025-07-31 13:33
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
Millennial Potash announces $6M private placement to advance Banio project
Proactiveinvestors NA· 2025-07-21 14:11
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Brazil Potash to Host Conference Call to Discuss Signing of ~$220M Memorandum of Understanding With Fictor Energia
Globenewswire· 2025-07-15 10:45
Core Viewpoint - Brazil Potash Corp. has announced a partnership with Fictor Energia, which includes a $200 million investment for power line construction and a $20 million equity investment to support the Autazes Project, aimed at enhancing Brazil's potash production capabilities [4][7]. Company Overview - Brazil Potash is focused on developing the Autazes Project to supply sustainable fertilizers, addressing Brazil's reliance on imported potash, which was over 95% in 2021 [5]. - The project is expected to produce up to 2.4 million tons of potash annually, potentially meeting approximately 20% of Brazil's current potash demand [5]. - The company plans to transport potash using low-cost river barges in partnership with Amaggi, a major agricultural operator in Brazil [5]. Partnership Details - The partnership with Fictor Energia involves a memorandum of understanding (MOU) for funding power transmission infrastructure and strategic equity investment [7]. - Key commercial terms include the construction, operation, and eventual ownership transfer of the power line after 25 years [8]. - The partnership is expected to provide strategic benefits and may lead to additional arrangements to manage construction costs for the Autazes Project [8]. Upcoming Events - A conference call is scheduled for July 21, 2025, to discuss the partnership structure, project financing implications, and the path to production [7].
Brazil Potash Signs Memorandum of Understanding for ~$200m Power Line Construction and $20m Investment With Fictor Energia
GlobeNewswire News Room· 2025-07-14 20:01
Core Viewpoint - Brazil Potash Corp. has signed a non-binding Memorandum of Understanding (MOU) with Fictor & WTT S.A. for funding and constructing power transmission infrastructure for the Autazes Project, which is expected to enhance the project's viability and reduce capital expenditure [1][3]. Partnership Highlights - Fictor Energia will develop, permit, construct, and operate the power transmission infrastructure, supplying 300MW per year of approximately 80% renewable energy sourced from the Brazilian grid through a Build, Own, Transfer model [2]. - The power transmission project involves a capital expenditure of around $200 million, which will be fully funded by Fictor Energia, thus alleviating Brazil Potash's construction budget [3]. Investment Details - Fictor Energia plans to invest a total of $20 million in Brazil Potash, structured in two tranches: $2 million upon signing the definitive partnership agreement and $18 million upon receiving the power line installation license [3]. Next Steps - The parties will work towards executing definitive agreements, with Fictor Energia commencing preliminary engineering and regulatory processes immediately. The power transmission infrastructure is expected to be operational by July 2029, aligning with the Autazes Project's production timeline [4]. Corporate Update - Brazil Potash has appointed Raphael Bloise as the Interim President of Potassio do Brasil Ltda, its wholly owned Brazilian subsidiary [5]. About Brazil Potash - Brazil Potash is developing the Autazes Project to supply sustainable fertilizers, aiming to reduce Brazil's reliance on potash imports, which exceeded 95% in 2021. The project anticipates an initial annual production of up to 2.4 million tons, potentially meeting about 20% of Brazil's current potash demand [7]. - The potash will be transported primarily via low-cost river barges in partnership with Amaggi, a major player in Brazil's agricultural logistics [7].
Millennial Potash Intersects Additional Robust Potash Mineralization in BA-004 at Its Banio Potash Project in Gabon
Newsfile· 2025-06-26 12:00
Core Insights - Millennial Potash Corp. has successfully completed drillhole BA-004 at the Banio Potash Project in Gabon, intersecting over 100m of potash mineralization within the Salt Sequence [1][2] - The drilling results from BA-004 and BA-001-EXT have exceeded expectations, indicating significant potential for increasing the project's potash resources [2] - An updated Mineral Resource Estimate is anticipated following the interpretation of drillhole results, which will support a forthcoming Feasibility Study [2] Drilling Program Details - Drillhole BA-004 reached a depth of 667m and intersected the evaporite-bearing Salt Sequence from approximately 260m to the bottom [1] - The drillhole is located about 3.7km east of BA-001-EXT and was designed to explore the eastward extension of previously identified potash mineralization [2] - Preliminary logging indicates similarities with other drillholes, revealing approximately 7 evaporite cycles with potash mineralization present in each cycle [2] Resource Potential - The combined strike length of known potash mineralization has been extended to approximately 8,000m, potentially adding significant tonnage to the current resources [5] - Current Indicated Mineral Resource Estimate (MRE) stands at 657 million tonnes grading 15.9% KCl, while Inferred MRE is 1.159 billion tonnes grading 16% KCl [5] - The Phase 2 drilling data may facilitate upgrading some resources from Indicated to Measured status and shifting Inferred tonnage to Indicated status [5] Future Plans - Core preparation and sampling will be conducted over the next few weeks, with samples sent to the Saskatchewan Research Council for analysis [2] - The company plans to utilize the data from the Phase 2 drill program for dissolution and geotechnical test-work, which will inform the upcoming Feasibility Study [5]
Brazil Potash Announces Agreement for up to $75 Million Equity Line of Credit From Alumni Capital
Globenewswire· 2025-05-06 10:45
Core Viewpoint - Brazil Potash Corp has entered into a definitive agreement for an equity line of credit with Alumni Capital LP, which is expected to provide flexible funding for the Autazes Potash Project, crucial for global food security [1][3]. Funding Agreement - The equity line of credit allows Brazil Potash to sell up to $75 million worth of common shares over a 24-month period, with the company controlling the timing and amount of sales [3]. - The agreement is structured to provide Brazil Potash with a flexible financing tool as it progresses with early construction activities for the Autazes Project [2][3]. Project Overview - The Autazes Project aims to supply sustainable fertilizers to Brazil, which is heavily reliant on potash imports, having imported over 95% of its potash fertilizer in 2021 [6]. - Brazil Potash plans to produce up to 2.4 million tons of potash annually, potentially meeting approximately 20% of Brazil's current potash demand [6]. - The project is positioned to reduce Brazil's reliance on imports and mitigate around 1.4 million tons of greenhouse gas emissions per year [6].
Millennial Potash Welcomes the Election of President Brice Oligui Nguema
Newsfile· 2025-04-15 12:00
Group 1 - Millennial Potash Corp. welcomes the election of President Brice Oligui Nguema, who secured 90.35% of the vote in a recent election with a voter turnout of 70.4% [1][2] - President Nguema has been instrumental in guiding Gabon through political and economic transformations since August 2023, focusing on stabilizing the nation and fostering economic growth [2][3] - The election of President Nguema marks a new era for Gabon, with a commitment to infrastructure improvements that align with Millennial Potash's goals for the Banio Potash Project [3][4] Group 2 - Millennial Potash looks forward to continued collaboration with the Gabonese government under President Nguema's leadership to achieve shared objectives and drive sustainable growth [4]
Millennial Potash Initiates Phase 2 Drilling Program at Its Banio Potash Project in Gabon
Newsfile· 2025-04-01 12:00
Core Viewpoint - Millennial Potash Corp. has initiated its Phase 2 drilling program at the Banio Potash Project in Gabon, aiming to enhance potash resources and prepare for a feasibility study [1][2]. Drilling Program Details - The Phase 2 program includes two potash-specific drill holes totaling approximately 1,100 meters, extending historic hole BA-001 by about 400 meters and drilling a new hole BA-004 to a planned depth of 700 meters [1][2]. - Hole BA-001 was previously drilled to a depth of 364 meters in 2017 and will now be extended to evaluate deeper potash horizons [2][3]. - Hole BA-004 is located approximately 4 kilometers east of BA-001 and is designed to assess the lateral extent of potash horizons in an untested area supported by seismic surveys [3]. Objectives and Expected Outcomes - The objectives of the Phase 2 program are to evaluate the presence of potash-rich horizons at depth and laterally, which may extend the known mineralization strike length to 8,000 meters [4]. - Current Indicated Mineral Resource Estimate (MRE) stands at 657 million tonnes grading 15.9% KCl, while Inferred MRE is at 1.159 billion tonnes grading 16% KCl [4]. - The drilling data may allow for upgrading some resources from Indicated to Measured status and potentially shift Inferred material to Indicated status [4]. Financial Position - Millennial Potash has recently closed a financing round of $4.9 million, ensuring adequate funding for the second drill program and a revised 43-101 resource estimate report [2][4]. Timeline - The Phase 2 drill program is expected to be completed in Q2 2025, followed by a revised Mineral Resource Estimate also planned for completion in Q2 2025 [5].