Welcome to our dedicated page for Millennial Potash news (Ticker: MLPNF), a resource for investors and traders seeking the latest updates and insights on Millennial Potash stock.
Millennial Potash Corp (MLPNF) drives innovation in sustainable potash exploration through its Banio Project in Gabon. This news hub provides investors with essential updates on corporate developments, technical milestones, and strategic initiatives shaping the global fertilizer market.
Access authoritative coverage of operational progress including solution mining advancements, infrastructure partnerships, and resource assessments. Our curated collection features press releases, financial disclosures, and expert analyses - all verified through rigorous technical reports and economic studies.
Key updates include:
• Project Milestones: Solution mining progress at Banio
• Financial Developments: Earnings reports and capital investments
• Strategic Partnerships: Infrastructure collaborations in Gabon
• Technical Validations: PEA updates and resource estimates
Bookmark this page for direct access to MLPNF's verified news stream. Monitor critical developments in potash exploration while staying informed about operational efficiencies and market positioning through our neutral, fact-checked reporting.
Millennial Potash Corp. (TSXV: MLP, OTCQB: MLPNF) announced the closing of the first tranche of its private placement, raising $1,481,000. The placement involved 5,924,000 units at $0.25 each, with each unit comprising one common share and one-half share purchase warrant. Each whole warrant can be exercised at $0.35 per share over two years. Commissions of $25,900 and 103,600 finders' warrants (exercisable at $0.35 per share over three years) were paid. Funds will support exploration and development of the Banio Potash Project and general working capital. Shares are subject to a four-month hold expiring October 19, 2024.
Millennial Potash Corp. has filed the NI 43-101 Preliminary Economic Assessment Technical Report for its Banio Potash Project in Gabon. The report, dated June 4, 2024, was prepared by Micon International and Agapito Associates Inc. It details a solution mining operation expected to produce 800,000 tonnes per year of granular muriate of potash (MOP). The project has a capital expenditure (CAPEX) of USD $480 million and an operating expenditure (OPEX) of USD $61/tonne MOP. It forecasts a post-tax net present value (NPV) of USD $1.07 billion and an internal rate of return (IRR) of 32.6%, based on an average MOP price of USD $387/tonne over a 25-year mine life.
Millennial Potash Corp. (TSXV: MLP, OTCQB: MLPNF, FSE: X0D) has announced a private placement aiming to raise up to $2,000,000. The placement involves selling up to 8,000,000 units at a price of $0.25 per unit. Each unit includes one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at $0.35 within 24 months. The shares issued, including those resulting from warrant exercises, will be under a four-month hold period. Commissions of 7% cash and warrants are payable on part of the private placement. The proceeds will fund exploration and development at the Banio Potash Project in Gabon and for general working capital, subject to TSX Venture Exchange approval.
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