Disseminated on behalf of Millennial Potash Corp. (TSX.V: MLP) (OTCQB: MLPNF) and may include paid advertising.
Millennial Potash (TSX.V: MLP) (OTCQB: MLPNF) (FSE: X0D) is advancing the Banio Potash Project in Gabon, West Africa, a large-scale potash deposit located directly on the Atlantic coast. Millennial has partnered with the U.S. International Development Finance Corporation (“DFC”) to develop its Banio Potash Project.
Millennial Potash is led by the team behind Millennial Lithium, Potash One, Allana Potash and Energy Metals — companies acquired for approximately $490 million, $430 million, $170 million and $1.8 billion respectively — with management and insiders holding approximately 40% of Millennial’s outstanding shares.
The project has attracted both U.S. and Gabonese government support. The U.S. International Development Finance Corporation (“DFC”) has committed US$3 million in non-dilutive project development funding to complete the Definitive Feasibility Study, which is now underway alongside an Environmental and Social Impact Assessment; both are expected to support the company’s mining license application in Gabon. Potash was added to the U.S. Critical Minerals List in 2025, reflecting highly concentrated global supply and the commodity’s role in food security.
Banio sits within the West African Evaporite Basin, where drilling has intersected cumulative potash thicknesses commonly exceeding 100 meters. An updated Mineral Resource Estimate announced in November 2025 reported Measured and Indicated Mineral Resources of 2.45 billion tonnes grading approximately 15.6% KCl and Inferred Mineral Resources of 3.56 billion tonnes grading approximately 15.6% KCl — increases of 275% and 210% respectively over the maiden estimate — from drilling that covers only about 5% of the Company’s 1,500 km² license area.
A Preliminary Economic Assessment completed in 2024 outlined a solution mining operation producing 800,000 tonnes per year of granular muriate of potash, with an after-tax NPV10 of US$1.07 billion, an after-tax IRR of 32.6%, initial capital costs of US$480 million and operating costs of US$61 per tonne. That cost structure is underpinned by solution mining, thick potash seams, simple mineralogy and coastal logistics — shipping to Brazil, the world’s largest potash importer, is estimated at approximately US$22 per tonne.
Banio has the potential to become Africa’s first potash mine while also supplying Brazil, the United States, Europe and Asia.
Company Contact:
Millennial Potash Corp.
Suite 300 – 1455 Bellevue Avenue, West Vancouver, BC, Canada V7T 1C3
Investor Relations: (604) 662-8184
Email: info@millennialpotash.com
Website: www.millennialpotash.com
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The 2024 Preliminary Economic Assessment is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the results of the PEA will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
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Moody Capital Solutions is an independent, full-service investment bank with more than 40 years of experience in capital raising, M&A, and advisory services, and is recognized as a market leader in rights offerings. Member FINRA/SIPC. www.moodycapital.com
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