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MILLENNIAL POTASH CORP - $MLPNF STOCK NEWS

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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.58%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.53%
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Rhea-AI Summary
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.
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.68%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.33%
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Rhea-AI Summary
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.
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.13%
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Rhea-AI Summary
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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End-of-Day
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Rhea-AI Summary
Millennial Potash Corp. reports intersecting potash mineralization in extension drilling, potential expansion of potash zone
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-24.67%
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MILLENNIAL POTASH CORP

OTC:MLPNF

MLPNF Rankings

MLPNF Stock Data

8.71M
46.89M
17.01%
0.43%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
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