Millennial Potash Corp. is pleased to announce that it has closed its private placement first announced on July 21, 2023. The Private Placement was for a total of 5,000,000 units . Each Unit consisted of one common share and one-half share purchase warrant. Each of the 2,500,000 whole share purchase warrants are exercisable for a period of two years from the date of issuance at a price of CDN$0.60 per share. Commissions [...]
Millennial Potash Corp. is pleased to announce that it is engaging in a non-brokered private placement of up to 5,000,000 units at a price of $0.40 per Unit. Each Unit is comprised of one common share and one-half of one share purchase warrant exercisable at a price of $0.60 per share for a period of two years from the date of issuance. A commission of seven percent cash and seven percent finders warrants will be payable [...]
Millennial Potash Corp. is pleased to report it has received analytical results for the resampling program of hole BA-002 at its Banio Potash Project . Results confirm that BA-002 intersected evaporite Cycles V, VI, VII and VIII cutting 13 carnallitite seams including up to 28.81m of carnallite. Interpretation of the data confirms previous values reported by the previous owners of the Property, Infinity Lithium Corp. and [...]
Millennial Potash Corp. is pleased to report the arrival of a new universal drill rig, with associated drilling supplies and machinery, at its Banio Potash Project in Gabon. The new drill rig has been mobilized to the site of historic drillhole BA-002 in preparation for the extension of this hole to test the occurrence of additional potash cycles at depth. Farhad Abasov, Millennial's Chair, commented, "Millennial is very [...]
Millennial Potash Corp. is pleased to provide an update on additional infrastructure build-up in the Mayumba region near the Company's Banio Potash Project. The Gabonese government, Perenco Oil & Gas Gabon , and Gabon Power Company signed a Memorandum of Understanding on April 6th, 2023, for the development of a 21MW power plant to be powered by natural gas, and the installation of a gas collection network and treatment [...]
Millennial Potash Corp. is pleased to provide an update on the planned construction of a port facility to service the mining, forestry, agriculture, oil and gas and fishing industries that is under development in the Mayumba area close to its Banio Potash Project in southern Gabon. The port is proposed to be developed in multiple phases with construction of Phase 1 scheduled to commence in Q3, 2023. Farhad Abasov [...]
Potash, an alkaline potassium compound, is a vital fertilizer component and plays a crucial role in the agricultural industry. The fertilizer ingredient first came on the market in 1960 following World War II, and since then the industry has experienced three major waves of heightened demand. The first wave was from the 1960s-1980s and was largely dominated by Canada's Saskatchewan deposit. The second wave from 1990 to [...]
Millennial Potash Corp. has engaged the services of TD Media LLC doing business as Life Water Media LLC to help raise on-line marketing awareness and to provide a comprehensive digital media marketing campaign for the company. Life Water Media is based out of Sugar Land, Texas. The Company has entered into a media services agreement with Life Water Media dated June 5, 2023, whereby the services to be provided by Life [...]
The global potash industry is facing a significant challenge due to the ongoing Russia-Ukraine war. Russia and Belarus, which together account for 35% of global potash production, are heavily impacted by the conflict. The sanctions imposed on Belarus and Russia have already impacted potash flows to international markets, and the extent of the disruption means that potash supply worldwide is highly uncertain. The Southern [...]
Millennial Potash Corp. is pleased to report that Mr. Paul Matysek has joined Millennial Potash Corp. as a Senior Strategic Advisor. Mr. Matysek has over 40 years of experience in mining and project development and his role will include involvement in all aspects of the Banio Potash Project including technical, financial, and marketing activities. Farhad Abasov, Millennial's Chair, commented, "Millennial is pleased to [...]
Potash, an alkaline potassium compound, is a vital fertilizer component and plays a crucial role in the agricultural industry. According to the U.S. Geological Survey, Canada, Russia, Belarus, and China are the world's top producers of potash. The demand for potash continues to rise, and as a result, Brazil has become one of the major global importers of potash. While Brazil's soil is phosphorus-rich, it lacks potassium [...]
Potash, an alkaline potassium compound, is a vital fertilizer component and plays a crucial role in the global food supply chain. However, the Russian-Ukraine war has disrupted the supply chain. Canada, Russia, and Belarus account for 70% of worldwide potash production, and Canada, the world's largest producer of potash, has been unable to fill the gap left by the conflict, leading to a global potash shortage and rising [...]
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