Millennial Potash Ranked 3rd on the 2026 TSX Venture 50 List of Top Performing Companies

Rhea-AI Summary

Millennial Potash (OTCQB: MLPNF) was ranked 3rd on the 2026 TSX Venture 50 list after 2025 performance driven by a 950% share price rise and 1,405% market cap growth.

The company reported a 275% increase in Measured & Indicated and 210% increase in Inferred mineral resources at Banio, totaling 2.45B t M&I and 3.56B t Inferred at 15.6% KCl, covering ~5% of the project area. Millennial has begun a Definitive Feasibility Study supported by a US$3M DFC commitment and cites a prior PEA showing an after-tax NPV10% US$1.07B, 32.6% IRR and US$61/t operating costs.

Positive

• Share price appreciation of 950% in 2025
• Market capitalization growth of 1,405% in 2025
• Measured & Indicated resources increased by 275%
• Inferred resources increased by 210%
• Initiation of Definitive Feasibility Study with US$3M DFC commitment
• Prior PEA: NPV10% US$1.07B, 32.6% IRR, US$61/t operating cost

Negative

• Updated resource totals cover only ~5% of the Banio project area
• Project development reliant on additional financing beyond the US$3M DFC commitment

West Vancouver, British Columbia--(Newsfile Corp. - February 18, 2026) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company") is pleased to announce that it has been ranked 3rd overall on the 2026 TSX Venture 50™ list of top performing companies.

The TSX Venture 50™ is an annual ranking of the top 50 companies on the TSX Venture Exchange based on three equally weighted criteria: market capitalization growth, share price appreciation, and trading value. The ranking showcases the top 50 of more than 1,600 TSXV issuers.

In 2025, Millennial Potash achieved:

• 950% share price appreciation

• 1,405% market capitalization growth

This recognition follows a transformative year for the Company, highlighted by a 275% increase in Measured & Indicated Mineral Resources and a 210% increase in Inferred Mineral Resources at its Banio Potash Project in Gabon (see news release dated November 17, 2025). The updated Mineral Resource Estimate now totals 2.45 billion tonnes Measured & Indicated at 15.6% KCl and 3.56 billion tonnes Inferred at 15.6% KCl, covering only approximately 5% of the project area.

The Company also advanced the Banio Project into the development stage with the initiation of a Definitive Feasibility Study ("DFS"), supported by a US$3 million strategic project development commitment from the U.S. International Development Finance Corporation (DFC) (see news release dated January 13, 2026).

Farhad Abasov, Chairman of Millennial Potash, commented: "We are honoured to be ranked 3rd on the 2026 TSX Venture 50. This recognition reflects the significant progress made at Banio over the past year including transformational resource growth, advancement into a Definitive Feasibility Study, and strategic alignment with U.S. food security initiatives. With major development programs currently underway we believe Banio will be uniquely positioned as a potential new, low-cost Atlantic Basin supplier of potash to the U.S., Brazil and Africa."

The Banio Potash Project continues to demonstrate strong fundamentals, supported by previously announced Preliminary Economic Assessment results outlining an after-tax NPV10% of US$1.07 billion, a 32.6% IRR, and operating costs of US$61 per tonne of granular MOP (see news release dated April 23, 2024).

With DFS work underway, ongoing infrastructure development in Mayumba (port and power), U.S. DFC support, and continued drilling programs, Millennial believes it is well positioned to further de-risk the project while evaluating both development and strategic partnership opportunities.

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/284244

FAQ

Why was Millennial Potash (MLPNF) ranked 3rd on the 2026 TSX Venture 50?

Because Millennial delivered exceptional 2025 performance with a 950% share price increase and 1,405% market cap growth. According to the company, those metrics drove the TSXV ranking based on growth, share price, and trading value.

What are the Banio resource totals reported by Millennial Potash (MLPNF)?

Millennial reports 2.45 billion tonnes Measured & Indicated at 15.6% KCl and 3.56 billion tonnes Inferred at 15.6% KCl. According to the company, these figures cover approximately 5% of the project area.

What development work is Millennial Potash (MLPNF) undertaking at Banio in 2026?

Millennial has initiated a Definitive Feasibility Study (DFS) and ongoing drilling and infrastructure programs. According to the company, DFS work is supported by a US$3M strategic commitment from the U.S. DFC.

What economic metrics does Millennial cite for the Banio project (MLPNF)?

A prior Preliminary Economic Assessment showed an after-tax NPV10% of US$1.07B, 32.6% IRR, and operating costs of US$61 per tonne. According to the company, these metrics underpin Banio's reported economics.

How might the DFS and DFC commitment affect Millennial Potash (MLPNF) near-term risk?

The DFS start and a US$3M DFC commitment reduce early-stage execution risk but do not fully fund development. According to the company, additional financing and infrastructure remain necessary to advance Banio.

What does the 5% project area coverage mean for MLPNF's Banio resource confidence?

Resource estimates currently cover only about 5% of the Banio area, indicating concentration of drill-defined resources. According to the company, further drilling could expand resource coverage and confidence across the project.