Millennial Potash Corp. reports on the development of the Banio Potash Project in southern Gabon, including mineral resource updates, NI 43-101 technical reports, exploration permits and project-study work. News also covers the company's Mayumba and Haute Banio permit areas, potash infrastructure planning, financing initiatives, offtake-related development activity and governance matters.
The company holds an 80% ownership interest in Equatorial Potash, whose Gabon subsidiary Mayumba Potasse holds the Banio project. Recurring updates focus on potash resource definition, definitive feasibility and environmental studies, land-position expansion, project development roles and operating or financial results.
Millennial Potash (OTCQB: MLPNF) appointed John Edward (Jack) Scott as Senior Vice President, Project Development to lead project financing, infrastructure and offtake work supporting the Banio Potash Project DFS in Gabon. The company also disclosed closing a concurrent private placement on January 29, 2026 with a cash commission of $44,999.88 (6%) paid to Ventum Capital and 9,836 commission warrants (4% of Concurrent Units) exercisable at $3.05 for 36 months.
Millennial Potash Corp (OTCQB: MLPNF) has initiated an AACE Class 3 Definitive Feasibility Study (DFS) for the Banio Potash Project in Gabon and engaged potash specialist ERCOSPLAN. The company reported Measured + Indicated resources of 2,453 Billion tonnes at 16.6% KCl and Inferred resources of 3,559 Billion tonnes at 15.6% KCl. The DFS will evaluate a solution mining base case of 800,000 tonnes per year (TPY) MOP and larger rates, run alongside an ESIA, and target completion in H2 2026. The US International Development Finance Corporation has committed US $3.0M to cover DFS costs, and the company says it is fully funded to complete the study.
Millennial Potash (OTCQB: MLPNF, TSXV: MLP) filed an NI 43-101 technical report dated Dec 29, 2025 for the Banio Potash Project (Mayumba permit, Gabon) with an effective MRE date of Nov 11, 2025.
The updated MRE reports M+I 2,452.73 million tonnes at 15.61% KCl (Measured 648.19 Mt at 15.72% KCl; Indicated 1,804.54 Mt at 15.57% KCl) and Inferred 3,559.49 million tonnes at 15.61% KCl. The report was prepared by ERCOSPLAN and signed by a qualified geologist.
Millennial Potash (TSXV: MLP / OTCQB: MLPNF) announced on December 16, 2025 that The Quaternary Group Ltd. purchased an additional 2,843,600 common shares.
After the purchase the Acquiror holds 28,935,656 common shares and 9,311,829 warrants, representing approximately 26.27% of outstanding common shares on a non-diluted basis and 32.02% on a fully-diluted basis. The shares and warrants are held for investment purposes and the Acquiror currently has no plans that would trigger change-of-control actions, while noting those intentions could change with market or company developments.
Millennial Potash (OTCQB: MLPNF) has started an Environmental & Social Impact Assessment (ESIA) at its Banio Potash Project in Gabon with a consortium led by Artelia plus Biotope Afrique Centrale and Insuco Gabon.
The ESIA will follow IFC performance standards, begin with physical and biodiversity baseline studies, include social and stakeholder assessments, and will produce mitigation and management plans. The company expects to complete the ESIA in 2026 and incorporate it into a mining license application in 2026. Millennial also plans a definitive feasibility study to start in coming weeks and granted 980,000 incentive stock options exercisable for five years at $3.22 per share.
Millennial Potash (OTCQB: MLPNF) announced an updated Mineral Resource Estimate (Effective Date: Nov 11, 2025) for the northern Banio Potash Project prepared by ERCOSPLAN. The MRE reports Measured + Indicated mineral resources of 2.45 billion tonnes at ~15.61% KCl and Inferred mineral resources of 3.56 billion tonnes at ~15.61% KCl. Measured resources include a maiden 648.19M tonnes at 15.72% KCl. The company said contained KCl equals ~382.7M tonnes in M+I and ~555.4M tonnes in Inferred. The Feasibility Study for the North Target is supported by a non-dilutive US$3M DFC contribution.
Millennial Potash (OTCQB: MLPNF) reported an updated Mineral Resource Estimate for the northern Banio Potash Project (Effective Date: Nov 11, 2025) prepared by ERCOSPLAN.
The MRE shows Measured + Indicated (M+I) of 2.452 billion tonnes at 15.61% KCl (a ~275% increase vs 2024), including a maiden Measured 648.19M tonnes at 15.72% KCl, and Inferred 3.559 billion tonnes at 15.61% KCl (a ~210% increase). Contained KCl estimates are ~102M t Measured, ~281M t Indicated and ~555M t Inferred. A non-dilutive USD $3M DFC-supported study will fund a Feasibility Study focused on the North Target.
Millennial Potash (OTCQB: MLPNF) welcomed potash being added to the U.S. 2025 List of Critical Minerals (Nov 6, 2025) and highlighted a US$3 million Project Development Program commitment from the U.S. International Development Finance Corporation (DFC) for the Banio Potash Project in Gabon. The DFC funding will support a Feasibility Study and is described as de‑risking the project ahead of potential U.S. financing.
Key project metrics cited include a PEA after‑tax NPV10% US$1.07B, IRR 32.6%, operating cost US$61/tonne, recent drilling showing up to 200m of potash horizons, and a revised Mineral Resource Estimate underway.
Millennial Potash (OTCQB: MLPNF, TSXV: MLP) announced on November 4, 2025 that the TSX Venture Exchange approved three investor relations agreements previously disclosed on September 19, 2025.
The company corrected a disclosure: Sid Rajeev, CFA (not Brian Tang) will oversee services for Fundamental Research. The Fundamental Research Agreement has an 18-month term that expires on February 26, 2027. Services under all three agreements are currently being provided. Contact details for investor relations and company social channels were provided. The release includes the company’s usual forward-looking statements caution about risks and uncertainties.
Millennial Potash (OTCQB: MLPNF) reported assay results for drillhole BA-004 at the Banio project, returning a 13% cut-off cumulative potash thickness of 101.45m averaging 16.8% KCl. With no cut-off applied, BA-004 shows a cumulative potash thickness of 164.46m averaging 11.86% KCl. Seven evaporite cycles (II–VIII) were logged and carnallitite and sylvinite were identified, including high-grade intercepts to 29.94% KCl in Cycle II. BA-004 sits ~3.7km east of BA-001-EXT and extends known strike to ~8km. The company plans to update its Mineral Resource Estimate after remaining assays and dissolution/geotech testwork are incorporated.