Millennial Completes Milestone Payment and Increases Ownership of Its Banio Potash Project to 80%
Rhea-AI Summary
Millennial Potash (OTCQB: MLPNF) completed a milestone payment, increasing its stake in Equatorial Potash to 80% of the Banio Potash Project in Gabon. The Dec. 29, 2025 MRE lists Measured 648.2M t @15.7% KCl, Indicated 1.8B t @15.6% KCl and Inferred 3.56B t @15.6% KCl. A DFS is scheduled for completion by end of 2026; completing the DFS plus final payments would raise Millennial's ownership to 100%. The company engaged investor-relations providers for contracted marketing and research services and granted a total of 1,240,000 incentive stock options at $2.10.
Positive
- Ownership increased to 80% of Equatorial Potash
- MRE: Measured 648.2M t @15.7% KCl; Indicated 1.8B t @15.6% KCl; Inferred 3.56B t @15.6% KCl
- Definitive Feasibility Study (DFS) on schedule for completion by end of 2026
Negative
- Company granted 1,240,000 incentive stock options at $2.10, creating potential dilution
- Committed $150,000 CAD to investor relations services with optional renewal
- Contracted USD $35,000 for research reports payable through Nov 30, 2026
News Market Reaction – MLPNF
In the Apr 15 session, MLPNF gained 2.65%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
West Vancouver, British Columbia--(Newsfile Corp. - April 15, 2026) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company") is pleased to announce that it has completed a milestone payment to the vendors of the Banio Potash Project in Gabon earning an additional
Farhad Abasov, Millennial's Chair, commented "We are very pleased to have increased our interest in the Banio Potash Project by an additional
The Company wishes to announce its engagement of Triomphe Holdings Ltd., doing business as Capital Analytica, as an arm's-length service provider, to provide certain marketing and social media services to the Company which are investor relations under the policies of the TSX Venture Exchange (the "Exchange") and applicable securities laws.
Based in Nanaimo, B.C., Capital Analytica specializes in marketing, social media and public awareness within the mining and metals sector. Capital Analytica will provide social media services, capital market consultation and social engagement reporting for an initial six-month term for a fee of
Pursuant to the terms of the Consulting Agreement, Capital Analytica will provide ongoing capital markets consultation, ongoing social media consultation regarding engagement and enhancement, social sentiment reporting, social engagement reporting, discussion forum monitoring and reporting, corporate video dissemination, and other related investor relations services.
Jeff French, who is arm's-length to the Company, is the principal of Capital Analytica and will be responsible for all activities related to Capital Analytica and the services it provides under the Agreement. Capital Analytica currently has no direct or indirect interest in the securities of the Company, or any right or intent to acquire such an interest, other than the incentive stock options described herein. Capital Analytica's contact information is as follows: Jeff French, email: jeff@capitalanalytica.com, telephone: (778) 882-4551.
The Company wishes to announce its engagement of Zack's Small Cap Research a Division of Zacks Investment Research, Inc ("Zack's"), as an arm's-length service provider, to complete research reports regarding the Company and distribute them. These reports will be based on publicly available information, industry data, and direct discussions with the Company's management and are expected to provide investors with detailed, third-party analysis of the company's business endeavors.
Based in Chicago, Illinois, Zack's provides services researching and writing investment reports within the mining and metals sector and engages in their distribution.
Zack's will complete the research reports between now and February 28, 2027.
Compensation for completion of the research reports totals USD
Giles Haycock, who is arm's-length to the Company, is the principal of Zack's Small Cap and will be responsible for all activities related to Zack's and the services it provides under the Agreement. Zack's currently has no direct or indirect interest in the securities of the Company, or any right or intent to acquire such an interest. Zack's contact information is as follows: Giles Haycock, email: ghaycock@zacks.com, telephone: (312) 630-9880, business address: 10 S. Riverside Plaza, Suite 1600, Chicago, IL 60606.
The Company is granting a total of 1,240,000 incentive stock options exercisable for a period of up to five (5) years at an exercise price of
The technical information in this news release has been reviewed and approved by Peter J. MacLean, Ph.D., P. Geo. (Ontario), Director of the Company, who is a Qualified Person as that term is defined in National Instrument 43-101.
To find out more about Millennial Potash Corp. please contact Investor Relations at (604) 662 8184 or email at info@millennialpotash.com.
Keep up-to-date on Millennial Potash developments and join our online communities on: Twitter, Facebook, LinkedIn, Instagram and YouTube.
MILLENNIAL POTASH CORP.
"Farhad Abasov"
Chair of the Board of Directors
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan" or "planned", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental (including land or water use), local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure, changes in laws, rules and regulations in Gabon or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for Cdn$ or CFA or other currencies, fluctuations in the market for potash or potash related products, changes in exploration costs and government royalties, export policies or taxes in Gabon or any other jurisdiction and other factors or information. The Company's current plans, expectations and intentions with respect to development of its business and of the Banio Potash Project may be impacted by economic uncertainties arising out of any pandemic or by the impact of current financial and other market conditions on its ability to secure further financing or funding of the Banio Potash Project. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, environmental and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292572