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Millennial Potash taps industry veteran Jack Scott for Banio project development
Proactiveinvestors NA· 2026-02-03 16:16
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
Millennial Potash raises C$17.5M in bought-deal private placement
Proactiveinvestors NA· 2026-01-29 14:45
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
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 Potash advances Banio potash project with definitive feasibility study - ICYMI
Proactiveinvestors NA· 2026-01-17 16:03
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 operates with a team of experienced and qualified news journalists across key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [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 by the company 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 Utilization - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans to maintain best practices in content production and search engine optimization [5]
Millennial Potash launches definitive feasibility study for Banio project in Gabon
Proactiveinvestors NA· 2026-01-13 15:38
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 operates with a team of experienced and qualified news journalists, ensuring independent content production [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors, including 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 files updated technical report for Banio project
Proactiveinvestors NA· 2025-12-30 18:52
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 operates with a team of experienced and qualified news journalists, ensuring independent content production [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors, including 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]
Buffalo Potash Corporation Announces Completion of Reverse Takeover
TMX Newsfile· 2025-12-30 00:21
Core Viewpoint - Buffalo Potash Corporation has successfully completed a business combination with Buffalo Potash Corp, enhancing its position in the potash industry through innovative solution mining technology [1][3]. Transaction Details - The business combination was executed under a merger agreement dated October 1, 2025, leading to the amalgamation of Buffalo Potash Corporation, Buffalo SK, and AcquisitionCo [3]. - A filing statement was prepared and filed on December 23, 2025, in compliance with TSXV Policy 5.2 [2]. Financing - Buffalo SK completed a brokered private placement of subscription receipts on December 22, 2025, with Ventum Financial Corp as the lead agent [4]. Corporate Changes - The company changed its name to "Buffalo Potash Corporation" effective December 24, 2025, and has received conditional acceptance for listing its common shares on the TSX Venture Exchange [5]. - A new board and management team were appointed following the completion of the transaction, with all existing directors and officers resigning [6][13]. Escrow Agreement - An Escrow Agreement was established, involving the deposit of 10,721,721 common shares, 478,008 performance warrants, and 1,852,170 stock options into escrow, with a structured release schedule [7]. Securities Exchange - Holders of Buffalo SK shares received 75,966,420 common shares of the company at a deemed price of $0.25 per share, along with the exchange of stock options and warrants on similar terms [12]. Company Overview - Buffalo Potash is focused on developing potash resources in Saskatchewan, utilizing its patented Horizontal Line-Drive technology to pursue a modular approach to solution mining [9].
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].
Brazil Potash initiated with a Speculative Buy at Cantor Fitzgerald
Yahoo Finance· 2025-12-17 12:16
Core Viewpoint - Cantor Fitzgerald analyst Mike Kozak has initiated coverage of Brazil Potash (GRO) with a Speculative Buy rating and a price target of $2.75, highlighting the potential of the Autazes potash mining project to meet Brazil's potash needs [1] Company Summary - Brazil Potash is advancing its 100%-owned Autazes potash mining project, which is expected to begin initial production in 2030 or later [1] - The Autazes project aims to supply potash to Brazil, which is recognized as the world's largest importer of this essential nutrient for enhancing agricultural production [1]