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Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) is a mining company based in Vancouver, British Columbia, with a core focus on its flagship Banio Potash Project located in Gabon. The company recently announced significant developments, including the initiation of a Gas-to-Power Project in Mayumba, Gabon, by Perenco Oil and Gas Gabon. This project is expected to provide essential power infrastructure for potential potash processing plants, further de-risking the Banio Potash Project. Additionally, Millennial Potash Corp. filed a technical report outlining the Initial Mineral Resource Estimates for the North Target of the Banio Potash Project, indicating substantial KCl reserves in both Indicated and Inferred categories. The company has also granted new equity compensation plans and announced a private placement to fund exploration and development activities at the Banio Potash Project.
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Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) reports successful extension of drillhole BA-002, intersecting new high-grade potash seams, with potential for solution mining. Results will be incorporated into a Mineral Resource Estimate. The Phase 1 drill program at Banio continues, with additional drilling planned at the North Target.
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Millennial Potash Corp. has received analytical results for the resampling program of hole BA-003 at its Banio Potash Project. The results confirm the presence of carnallitite and sylvinite seams with high grades of potassium chloride (KCl). The data supports the potential for a bulk solution mining project.
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Millennial Potash Corp. reports that its operations in Gabon remain unaffected by recent political events and the extension of drillhole BA-002 has intersected potash mineralization. The new government has assured that business agreements will be respected. Gabon's risk profile remains similar to South Africa and Namibia. Major petroleum and mining companies continue operations as usual. Millennial will continue its drilling program and closely monitor the situation.
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Millennial Potash Corp. reports intersecting potash mineralization in extension drilling, potential expansion of potash zone
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Millennial Potash Corp. has closed its private placement, raising funds for exploration and development activities on the Banio Potash Project. The private placement consisted of 5,000,000 units, each containing one common share and one-half share purchase warrant. The whole share purchase warrants are exercisable for two years at a price of CDN$0.60 per share. Commissions totaling CDN$97,195 and 242,988 finders' warrants were paid. The securities are subject to a four-month hold period expiring on December 5, 2023.
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Millennial Potash Corp. provides an update on additional infrastructure build-up in the Mayumba region. A Memorandum of Understanding has been signed for the development of a 21MW power plant powered by natural gas, along with a gas collection network and treatment facility. The power plant aims to meet electricity needs in rural areas and future domestic and industrial needs of the Mayumba region.
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FAQ
What is the current stock price of MILLENNIAL POTASH (MLPNF)?
The current stock price of MILLENNIAL POTASH (MLPNF) is $0.2782 as of January 29, 2025.
What is the market cap of MILLENNIAL POTASH (MLPNF)?
The market cap of MILLENNIAL POTASH (MLPNF) is approximately 20.6M.
What is Millennial Potash Corp. focused on?
Millennial Potash Corp. is primarily focused on its flagship Banio Potash Project located in Gabon.
What recent infrastructure project did Perenco Oil and Gas Gabon initiate?
Perenco Oil and Gas Gabon initiated a Gas-to-Power Project in Mayumba, Gabon, to provide essential power infrastructure for potential potash processing plants.
What did the recent technical report filed by Millennial Potash Corp. outline?
The technical report outlined the Initial Mineral Resource Estimates for the North Target of the Banio Potash Project, indicating substantial KCl reserves in both Indicated and Inferred categories.
What recent grants did Millennial Potash Corp. announce?
Millennial Potash Corp. announced grants of new equity compensation plans to certain participants.
What funding opportunity did Millennial Potash Corp. announce?
Millennial Potash Corp. announced a private placement of up to $2,000,000 to fund exploration and development activities at the Banio Potash Project.
MILLENNIAL POTASH CORP
OTC:MLPNF
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20.56M
48.24M
35.97%
0.33%
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