Millennial Potash Corp.
Leveraging Gabon's Strategic Location and Infrastructure Advancements
Published: 12/10/2024
Author: FRC Analysts
Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:
MLP.V - TSX 🔹
- Since our last report in May 2024, the Banio potash project area has seen considerable infrastructure development. Ongoing construction of a deep-port facility, and a power plant, is expected to greatly reduce operational risks for the project.
- MLP has raised $1.7M as part of an ongoing $3.8M equity financing (increased from the original $3.4M due to strong investor appetite), including $3M from an insider, to fund drilling and initiate environmental studies.
- The Banio project hosts a large-tonnage/low-grade potash resource. We believe there is significant resource expansion potential, as the deposit remains open in multiple direc
