Millennial Potash Corp
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.Company Description
- CEO
- Jason Wilkinson
- Full Time Employees
- 15
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 1455 Bellevue Avenue West Vancouver BC Canada V7T 1C3
- IPO Date
- Apr 19, 2016
- Website
- millennialpotash.com
- Similar Companies
- Business
- Millennial Potash Corp. engages in the acquisition, exploration, and development of potash mineral properties primarily through its flagship Banio Potash Project located in coastal Gabon, West Africa; the company focuses on solution mining techniques to produce granular Muriate of Potash (gMOP), a key fertilizer component supporting global agriculture and food security; core activities encompass geological drilling, resource estimation, preliminary economic assessments (PEA), and feasibility studies, with the Banio project spanning approximately 1,200 square kilometers and targeting multiple evaporite cycles containing high-grade carnallitite and sylvinite mineralization. Founded in 2015 and headquartered in West Vancouver, British Columbia, Canada, Millennial Potash operates in the non-energy minerals sector, serving target markets in Africa, Brazil, the United States, and Asia via its strategic Atlantic coast location that facilitates low-cost exports with transport costs to Brazil at approximately US$22 per tonne; the company's leadership team, including CEO Jason Wilkinson and Chairman Farhad Abasov, brings proven expertise from prior successes such as the sales of Millennial Lithium, Allana Potash, Potash One, and Energy Metals. In April 2024, Millennial Potash released its maiden PEA for Banio, outlining after-tax NPV of US$1.07 billion, IRR of 32.6%, initial CAPEX of US$480 million, OPEX of US$61 per tonne gMOP (among the lowest globally), and a 1.4-year payback; January 2024 mineral resource estimate reported 657 million indicated tonnes at 15.9% KCl and 1.159 billion inferred tonnes at 16.0% KCl based on only 5% of the project area; Phase 2 drilling in 2024-2025 confirmed extensive mineralization including 101.45 meters cumulative potash thickness in hole BA-004 and over 250 meters of interbedded carnallitite-halite in BA-001-EXT, expanding the continuous potash horizon to 8 kilometers. Recent strategic advancements include a July 2025 US$3 million commitment from the U.S. International Development Finance Corporation (DFC) for the Banio feasibility study with no interest or security and repayment only upon construction financing, signed in Washington D.C. with Gabonese President Brice Oligui Nguema present; September 2025 investor relations agreements with Vorticom Inc. ($7,500 monthly for media), Fundamental Research Corp. (C$29,000 for five reports), and Proactive Group ($28,000 annually for digital marketing through 2026); July 2025 closing of a private placement raising C$9.19 million; high-level Gabonese government support for infrastructure including a deep-water port at Mayumba, regional power plant, and road upgrades; and U.S. recognition of potash as a proposed 2025 critical mineral.
Company News
Millennial Potash hosts US Embassy delegation at Banio project in Gabon
Salesforce shares jump on blowout results, raised outlook
Onsemi’s Synaptics acquisition could unlock long-term synergies, says Bank of America
SanDisk set for earnings upside as Wedbush lifts price target
Dow and Nasdaq lose more ground as Trump says Iran ceasefire 'over'
Millennial Potash hosts Gabon mining minister at Banio project, adopts semi-annual reporting
Millennial Potash chair on why Gabon could reshape the global potash map
AST SpaceMobile shares fall after Q1 earnings miss on revenue, wider loss
Millennial Potash launches Phase 3 drill program at Banio potash project in Gabon
PepsiCo tops earnings expectations as North American food volumes recover
Millennial Potash advances DFS, ESIA as Banio project development gathers pace
Workday Q4 earnings top estimates, stock drops on cautious guidance
Scotiabank kicks off Canadian bank earnings with fiscal first quarter beat
Millennial Potash expands Banio Potash Project in Gabon with grant of exploration permit
Klarna shares drop sharply on fourth quarter earnings miss
Millennial Potash lands top-three spot on TSX Venture 50 list
Nasdaq sputters as AI startup moves and software weakness hit
Millennial Announces "Bought Deal" Private Placement LIFE Offering for Proceeds of $15,250,000
Rumble Resources hits bonanza-grade gold beneath Western Queen underground mine
Dow hits record as Wall Street digests Venezuela developments