Millennial Potash Corp - MLPNF STOCK NEWS

Millennial Potash Corp (TSXV: MLP) (OTCQB: MLPNF) has requested TSX Venture Exchange approval to extend the expiry date of 3,591,500 share purchase warrants by three years. These warrants, originally issued on February 28, 2023, with an expiry date of February 28, 2025, and exercisable at 75 cents per common share, will now expire on February 28, 2028, maintaining the same exercise price.

Of these warrants, 70,000 are held by related parties, constituting a related-party transaction under MI 61-101 and TSX-V Policy 5.9. However, the company is exempt from formal valuation and minority approval requirements as the fair market value of insider-held warrants is below 25% of the company's market capitalization.

Millennial Potash Corp. (MLPNF) has completed the second tranche of its private placement, raising total proceeds of $3,793,200. The second tranche consisted of 7,000,000 units at $0.30 per unit for $2,100,000, following the first tranche of 5,644,000 units that raised $1,693,200.

Each unit comprises one common share and one-half share purchase warrant, with warrants exercisable at CDN$0.40 per share for two years. The Quaternary Group now holds approximately 26.35% of outstanding shares (non-diluted) and 30.49% on a partially diluted basis. Proceeds will fund exploration and development of the Banio Potash Project and working capital.

Millennial Potash Corp (MLPNF) has closed the first tranche of its private placement, raising $1,693,200 through the issuance of 5,644,000 units at $0.30 each. Each unit includes one common share and a half-warrant, with 2,822,000 warrants exercisable at $0.40 per share for two years.

The Quaternary Group acquired 3,000,000 units in this tranche, increasing their holdings to 15,135,500 shares and 3,500,000 warrants, representing 19.7% ownership on a non-diluted basis. A second tranche pending shareholder approval would issue an additional 7,000,000 units to the Quaternary Group.

The proceeds will fund exploration and development of the Banio Potash Project and working capital. Securities are subject to a four-month hold period until April 4, 2025.

Millennial Potash Corp (TSXV: MLP) (OTCQB: MLPNF) has increased its private placement from 11,250,000 to 12,643,333 units at $0.30 per unit, raising total proceeds of $3,793,000 (up from $3,375,000). Each unit includes one common share and half a warrant exercisable at $0.40 per share for two years. The funds will support exploration of the Banio Potash Project and working capital. Additionally, the company retained Independent Trading Group for market-making services in September 2024 for a monthly fee of $5,000 on a trial basis.

Millennial Potash Corp (TSXV: MLP) (OTCQB: MLPNF) announces a private placement of 11,250,000 units at $0.30 per unit, aiming to raise $3,375,000. Each unit includes one common share and half a warrant exercisable at $0.40 per share for two years. The Quaternary Group , an insider from Singapore, is participating with 10,000,000 units. Due to this creating a control position exceeding 20% ownership, shareholder approval will be sought at the AGM on February 7, 2025. The proceeds will fund the Banio Potash Project exploration and working capital. A 7% commission may apply to non-insider subscriptions.

Millennial Potash Corp reports progress on infrastructure development at its Banio Potash Project in Gabon. The Mengali Port construction, managed by Covec Gabon, will be developed in phases, starting with a 130m quay for smaller vessels and expanding to over 300m to accommodate ocean-going vessels. Additionally, a thermal power plant with initial 8.5MW capacity (expandable to 50MW) is being constructed south of Mayumba, expected to be operational by mid-2025. The power plant project, valued at approximately $125M USD, is a public-private partnership between the Gabonese government, Perenco Oil & Gas Gabon, and Gabon Power Company.

Millennial Potash Corp (TSXV: MLP, OTCQB: MLPNF) announced its participation in the 121 Mining Investment Conference in London, scheduled for November 14-15, 2024. The event will feature over 150 mining companies and 500+ investors, with pre-arranged 1-2-1 meetings. Chairman Farhad Abasov and CEO Jason Wilkinson will present on the company's recent and planned activities. The conference will also offer expert commentary and market intelligence on industry developments. Interested investors can register for a free pass.

Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) has provided an update on recent cooperation agreements between the United States and Gabon, home to its Banio Potash Project. The U.S. has welcomed Gabon's commitment to a democratic transition and plans to strengthen their partnership in economic, environmental, and security sectors. Key points include:

1. U.S. support for Gabon's democratic transition through the ADAPT initiative.
2. Plans to strengthen economic partnership and increase investment.
3. Collaboration on securing critical mineral supply chains.
4. USAID to place a full-time country manager in Libreville in 2025.
5. $2 million additional funding for biodiversity preservation.
6. Partnership on maritime security and defense cooperation.

Millennial Potash's Chair, Farhad Abasov, expressed excitement about the partnership, noting its potential to boost foreign investment and infrastructure growth in Gabon.

Millennial Potash Corp. (TSXV: MLP, OTCQB: MLPNF) reports on a recent site visit by Gabonese President Brice Oligui Nguema to the Banio Potash Project. The President reaffirmed his support for the project, initially conveyed in December 2023. MLP's Gabonese subsidiary presented a corporate overview, including recent PEA results and a potential production timeline.

President Nguema expressed full support for the project and regional development, promising close government cooperation for permitting and community development. He also endorsed infrastructure initiatives, including power station construction, national grid upgrades, a deep-water port in Mayumba, and improvements to the Mayumba-Ndindi road. Additional plans for the area include enhanced school facilities, a new university, and a modern hospital.