MILLENNIAL POTASH CORP - MLPNF STOCK NEWS

Millennial Potash Corp. (TSXV: MLP, OTCQB: MLPNF) announced the closing of the first tranche of its private placement, raising $1,481,000. The placement involved 5,924,000 units at $0.25 each, with each unit comprising one common share and one-half share purchase warrant. Each whole warrant can be exercised at $0.35 per share over two years. Commissions of $25,900 and 103,600 finders' warrants (exercisable at $0.35 per share over three years) were paid. Funds will support exploration and development of the Banio Potash Project and general working capital. Shares are subject to a four-month hold expiring October 19, 2024.

Millennial Potash Corp. has filed the NI 43-101 Preliminary Economic Assessment Technical Report for its Banio Potash Project in Gabon. The report, dated June 4, 2024, was prepared by Micon International and Agapito Associates Inc. It details a solution mining operation expected to produce 800,000 tonnes per year of granular muriate of potash (MOP). The project has a capital expenditure (CAPEX) of USD $480 million and an operating expenditure (OPEX) of USD $61/tonne MOP. It forecasts a post-tax net present value (NPV) of USD $1.07 billion and an internal rate of return (IRR) of 32.6%, based on an average MOP price of USD $387/tonne over a 25-year mine life.

Millennial Potash Corp. (TSXV: MLP, OTCQB: MLPNF, FSE: X0D) has announced a private placement aiming to raise up to $2,000,000. The placement involves selling up to 8,000,000 units at a price of $0.25 per unit. Each unit includes one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at $0.35 within 24 months. The shares issued, including those resulting from warrant exercises, will be under a four-month hold period. Commissions of 7% cash and warrants are payable on part of the private placement. The proceeds will fund exploration and development at the Banio Potash Project in Gabon and for general working capital, subject to TSX Venture Exchange approval.

Millennial Potash Corp. completes a positive Preliminary Economic Assessment (PEA) for its Banio Potash Project, showing an after-tax NPV(10) of $1.07B and an IRR of 32.6%. The optimal annual production rate is set at 800,000 Tonnes per Year (TPY) of granular K60 Muriate of Potash (gMOP) with an initial CAPEX estimate of $480M. The project's low-cost structure positions it competitively in the sector, with plans for future engineering studies and feasibility assessments.

Millennial Potash Corp. announces filing of technical report for Banio Potash Project in Gabon, revealing significant mineral resource estimates. The company also grants RSUs and PSUs under a new equity compensation plan.

Millennial Potash Corp. announces infrastructure developments near its Banio Potash Project in Gabon. Perenco Oil and Gas Gabon is set to commence the Gas-to-Power Project in Mayumba, Gabon, with a $50M investment. The project is expected to double the available power in the region and electrify 90,000 homes. This development could potentially de-risk Millennial's potash project and benefit other industries in the region.

Millennial Potash Corp. announces maiden Mineral Resource Estimate for Banio Potash Project in Gabon, with 657M tonnes of Indicated and 1.159B tonnes of Inferred resources, highlighting potential for solution mining and future economic assessment.

Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) has successfully closed a private placement, issuing 5,750,000 shares at a price of $0.19 per share, resulting in proceeds of $1,092,500. Commissions of CDN$38,237.50 will be paid. The funds will be used for exploration and development activities on the Banio Potash Project and for general working capital purposes.

Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) announces an important meeting with the President of Gabon at COP28 United Nations Climate Change Conference in the UAE. The President expressed full support for Millennial's Banio Potash Project, emphasizing the importance of foreign direct investment in Gabon.