Millennial Potash Corp. is pleased to announce that it has closed its private placement . The Private Placement was for a total of 4,000,000 units at a price of $0.25 per unit for proceeds of $1,000,000. Each Unit consisted of one common share and one-half share purchase warrant. Each of the 2,000,000 whole share purchase warrants are exercisable for a period of two years from the date of issuance at a price of $0.35 per [...]
Millennial Potash Corp. is pleased to announce that it is engaging in a private placement of 4,000,000 units at a price of $0.25 per Unit. Each Unit is comprised of one common share and one-half of one share purchase warrant exercisable at a price of $0.35 per share for a period of two years from the date of issuance. Proceeds of the Private Placement will be used to fund the Company's further exploration and development [...]
Millennial Potash Corp. is pleased to announce that it has closed the second and final tranche of its private placement . The Company's news release dated June 18, 2024 describes the closing of the first tranche. The second tranche of the Private Placement was for a total of 2,050,000 units at a price of $0.25 per unit for proceeds of $512,500. Each Unit consisted of one common share and one-half share purchase warrant [...]
Millennial Potash Chairman Farhad Abasov joined Steve Darling from Proactive to share news that the company has earned a total 70% interest in the shares of Equatorial Potash Pty, which, through its Gabon subsidiary Mayumba Potasse SARL, holds 100% of the Banio Potash Project. To achieve the 70% interest, the company has filed a Preliminary Economic Assessment and made milestone payments of $300,000 and 1 million shares [...]
Millennial Potash Corp. is pleased to announce that it has earned a total 70% interest in the shares of Equatorial Potash Pty. Ltd. which, through its Gabon subsidiary Mayumba Potasse SARL, holds 100% of the Banio Potash Project. To earn 70% , MLP has filed a Preliminary Economic Assessment and made milestone payments of US$300,000 and 1,000,000 shares of MLP to the vendors of the Banio Potash Project. Farhad Abasov, the [...]
Millennial Potash Corp. is pleased to announce that it has closed the first tranche of its private placement . The Private Placement was for a total of 5,924,000 units at a price of $0.25 for proceeds of $1,481,000. Each Unit consisted of one common share and one-half share purchase warrant. Each of the 2,962,000 whole share purchase warrants are exercisable for a period of two years from the date of issuance at a price [...]
Millennial Potash Corp. is pleased to announce that on June 6, 2024 it has filed the technical report "NI 43 101 Preliminary Economic Assessment Technical Report on the Banio Potash Project, Gabonese Republic", dated June 4, 2024 with SEDAR in compliance with NI 43-101. The technical report was completed by Micon International Ltd. and Agapito Associates Inc., and was authored by Liz de Klerk, Pri. Sci. Nat, FIMMM, Chris [...]
Millennial Potash Corp. is pleased to announce a private placement of up to $2,000,000 consisting of the sale of up to 8,000,000 units at a price of $0.25 per unit. Each Unit will consist of one common share and one-half of one common share purchase warrant with each whole warrant entitling the holder to purchase one common share at an exercise price of $0.35 for a period of 24 months following closing of the Private [...]
Millennial Potash Corp. is pleased to announce the completion of a Preliminary Economic Assessment on its Banio Potash Project. The PEA was completed by Micon International in partnership with Agapito Associates Inc. and yielded the following highlights: Optimal annual production rate of 800,000 Tonnes per Year of primarily granular K60 Muriate of Potash $1.07B after-tax NPV and 32.6% IRR $480M initial CAPEX estimate [...]
Millennial Potash Corp. is pleased to announce that on February 20th, 2024 it has filed the technical report "Initial Mineral Resource Estimate for the North Target of the Banio Potash Project, Mayumba Permit, Republic of Gabon" , with SEDAR in compliance with NI 43-101. The technical report was completed by ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH and was authored by Dr. Sebastiaan van der Klauw . The [...]
Millennial Potash Corp. is pleased to provide an update on infrastructure developments near its flagship Banio Potash Project in Gabon. Perenco Oil and Gas Gabon reported Feb. 1 that it has entered into a Memorandum of Understanding with the Government of Gabon to commence the first phase of a Gas-to-Power Project in Mayumba, Gabon. Construction on the Mayumba Gas-to-Power Project is expected to commence in Q2, 2024 and [...]
Millennial Potash Corp. is pleased to announce the results of a maiden Mineral Resource Estimate for the northern part of its Banio Potash Project in Gabon. The estimate was completed by ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH , an established potash specialist with significant experience in the Congo Basin. The MRE includes new assay data from historic holes BA-002, and BA-003 plus assay results from [...]
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