Millennial Potash Corp Stock Price, News & Analysis

Millennial Potash (OTCQB: MLPNF) has announced an increase in its private placement offering from 3,870,968 units to 5,903,226 units at $1.55 per unit, raising total proceeds of $9.15 million, up from the initially planned $6 million.

Each unit consists of one common share and one-half share purchase warrant, with warrants exercisable at $2.20 per share for two years. A 7% commission may apply to portions of the placement. The funds will support exploration and development of the Banio Potash Project and working capital needs. Insider participation is expected to be below 25%, qualifying for exemption from formal valuation requirements.

Millennial Potash (OTCQB: MLPNF) has announced a private placement offering of 3,870,968 units at $1.55 per unit, aiming to raise $6 million in proceeds. Each unit consists of one common share and half of a share purchase warrant, with warrants exercisable at $2.20 per share for two years.

The placement includes significant insider participation, accounting for approximately 50% of the total offering. The proceeds will fund exploration and development of the company's Banio Potash Project and general working capital purposes. A 7% cash commission may be payable on a portion of the placement, which remains subject to TSX Venture Exchange approval.

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.