Welcome to our dedicated page for Millennial Potash news (Ticker: MLPNF), a resource for investors and traders seeking the latest updates and insights on Millennial Potash stock.
Millennial Potash Corp. (MLPNF, TSXV: MLP, FSE: X0D) generates frequent news related to the advancement of its Banio Potash Project in Gabon. Company updates focus on technical milestones, resource estimates, project development studies, and capital markets activities tied to this large potash asset in the West African Evaporite Basin.
Recent news releases highlight an updated NI 43-101 Mineral Resource Estimate for the northern part of Banio, showing substantial increases in Measured, Indicated, and Inferred potash resources in carnallitite and sylvinite. The company has also reported detailed drilling results, such as drillhole BA-004, which intersected over 100 metres of cumulative potash seam thickness at grades above a 13% KCl cut-off, and has described the geological model of multiple evaporite cycles and potash seams.
Millennial Potash’s news flow also covers key development steps, including the initiation of a Definitive Feasibility Study led by ERCOSPLAN and funded in part by a US$3 million commitment from the U.S. International Development Finance Corporation, and the launch of an Environmental and Social Impact Assessment conducted by a consortium led by Artelia. These updates explain how the DFS and ESIA will support the company’s planned mining license application in Gabon.
Investors can also find announcements on insider shareholdings and early warning reports, board and governance changes, and investor relations agreements with firms providing media, research, and digital marketing services. This news page allows readers to follow how Millennial Potash advances Banio from exploration toward development through technical, regulatory, and corporate milestones.
Millennial Potash (OTCQB: MLPNF) has secured a strategic investment of up to US$3 million from the U.S. International Development Finance Corporation (DFC) for its Banio Potash Project in Gabon. The funding, provided under DFC's Project Development Program, will support a Feasibility Study for the project.
The agreement was signed in Washington D.C. with Gabon's President Brice Oligui Nguema in attendance. The investment aims to enhance food security in Africa by supporting domestic potash production for fertilizers. The company has already initiated early-stage feasibility work, including LiDAR surveys, bathymetry surveys, and geotechnical tests.
The DFC funding will be released based on milestone activities, with no interest payable. Repayment is only triggered when the company secures financing for project construction.
Millennial Potash (OTCQB: MLPNF) has announced significant drilling results from its Banio Potash Project in Gabon. Drillhole BA-004, completed to a depth of 667m, intersected over 100m of potash mineralization in the form of interbedded carnallite and halite.
The Phase 2 drill program has extended the combined strike length of known potash mineralization to approximately 8,000m. This could potentially add to the project's current resources of 657M tonnes grading 15.9% KCl (Indicated) and 1.159B tonnes grading 16% KCl (Inferred). The company plans to use these results for an updated Mineral Resource Estimate and upcoming Feasibility Study.
Millennial Potash Corp (MLPNF) has successfully completed drillhole BA-001-EXT at its Banio Potash Project in Gabon. The extended drill hole, reaching approximately 678m depth, intersected significant potash mineralization with numerous carnallitite seams within a 290m section of interbedded carnallitite and halite. The company's current Mineral Resource Estimate stands at 657M tonnes grading 15.9% KCl (Indicated) and 1.159B tonnes grading 16% KCl (Inferred). Following BA-001-EXT, drilling will continue at BA-004, located 3.7km east, to evaluate lateral extent of potash horizons. The Phase 2 drill program, expected to complete in Q2 2025, aims to potentially extend mineralization strike length to 8,000m and will be followed by an updated resource estimate to support an upcoming Feasibility Study.
Millennial Potash Corp (TSXV: MLP, OTCQB: MLPNF) announces the completion of Phase 1 of the Mangali Port project in Gabon, featuring a 130-meter quay for vessels with 3-meter draft. The port, operated by Grande Mayumba Port Company under a 30-year agreement, will soon receive equipment including gas turbines for the nearby Mayumba Power Station.
The power station, currently under construction, will initially provide 8.5 MW capacity (expandable to 50 MW) and is expected to deliver reliable energy to the region. While both infrastructure projects are independent of Millennial, their proximity to the company's Banio Potash Project is anticipated to enhance operational capabilities through improved shipping logistics and stable power supply for future mining operations.
Millennial Potash Corp (TSXV: MLP) (OTCQB: MLPNF) announces the election of President Brice Oligui Nguema in Gabon, who secured 90.35% of votes with a 70.4% voter turnout in the April 12, 2025 election.
President Nguema, who has led since August 2023, has focused on stabilizing Gabon and promoting economic growth. His administration's commitment to infrastructure development, particularly export facilities enhancement, aligns with Millennial Potash's Banio Potash Project objectives.
The transition to civilian rule under President Nguema's leadership marks a significant milestone for Gabon's development, with Millennial Potash expressing optimism about continued collaboration with the Gabonese government to drive sustainable growth.
Millennial Potash Corp (MLPNF) has launched its Phase 2 drilling program at the Banio Potash Project in Gabon, engaging Merlin Drilling for approximately 1,100m of core drilling. The program includes extending historic hole BA-001 by 400m and completing a new 700m hole, BA-004.
The company aims to evaluate potash-rich horizons at depth and laterally, potentially extending the combined strike length of known mineralization to 8,000m. Current resources stand at 657M tonnes grading 15.9% KCl (Indicated) and 1.159B tonnes grading 16% KCl (Inferred).
Following a recent $4.9M financing round, Millennial is well-funded to complete the drilling program and update its Mineral Resource Estimate, both scheduled for completion in Q2 2025. This will form the foundation for an upcoming Feasibility Study.
Millennial Potash Corp (TSXV: MLP) (OTCQB: MLPNF) has successfully closed its private placement, raising CDN$4,929,200 through the issuance of 8,215,333 units at $0.60 per unit. Each unit consists of one common share and one-half share purchase warrant, with warrants exercisable at CDN$0.85 per share for two years.
The Quaternary Group acquired 2,333,333 units in the placement, increasing their holdings to 24,468,833 common shares and 8,166,667 warrants. This represents approximately 26.41% ownership on a non-diluted basis and 32.28% on a partially diluted basis. The proceeds will fund exploration and development of the company's Banio Potash Project and working capital needs.
Millennial Potash Corp (TSXV: MLP) (OTCQB: MLPNF) has announced an increase in its private placement offering from the initially announced $3.5 million to $4.929 million. The expanded placement will now consist of 8,215,333 units (up from 5,833,333) at $0.60 per unit.
Each unit comprises one common share and one-half share purchase warrant, with warrants exercisable at $0.85 per share for a two-year period from issuance. The proceeds will fund exploration and development of the Banio Potash Project and general working capital purposes. A 7% cash commission is payable on a portion of the placement.
The private placement remains subject to TSX Venture Exchange approval.
Millennial Potash Corp (TSXV: MLP) (OTCQB: MLPNF) has announced a private placement of 5,833,333 units at $0.60 per unit, aiming to raise $3,500,000. Each unit consists of one common share and half of one share purchase warrant, with warrants exercisable at $0.85 per share for two years from issuance.
The placement includes participation from an insider for 2,333,334 units, qualifying as a related party transaction but exempt from formal valuation and minority shareholder approval requirements under MI 61-101. A 7% cash commission is payable on a portion of the placement.
The funds will be allocated towards the exploration and development of the Banio Potash Project and general working capital purposes. The private placement remains subject to TSX Venture Exchange approval.
Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) has engaged Terea Environmental to conduct preliminary environmental baseline studies at its Banio Potash Project in Gabon. The studies, which include soil and water sampling throughout the exploration license area, will provide baseline information for an Environmental Social Impact Assessment (ESIA) required for a mining license application.
Water sampling is being conducted in the lagoon area, including locations upstream and downstream of the company's camp and main exploration areas. Soil sampling focuses on previous exploration sites, access roads, and various areas within the license. Terea will complete preliminary testwork in Q1 2025 with laboratory results expected in early Q2 2025.
The company plans to continue sampling throughout 2025 and install a weather station. Millennial Potash is also granting 1,850,000 incentive stock options exercisable for five years at $0.51 per share. The company emphasizes that environmental protection is a primary focus, aligning with Gabonese government priorities.