Meet the New Potash Company With a Large Historical Resource
Potash Natural Fertilizer - A $26 Billion Global Market
Millennial Potash (TSX.V: MLP) is a potash exploration company developing its flagship Potash Project in a well known potash basin. Near major global consumers, the project has all the right characteristics to become a significant player in the near term:
1. A previously explored resource in a proven potash-bearing basin
2. Potentially low-cost operation due to thick potash cycles and proximity to major potash markets
3. Millennial Potash is run by a seasoned Board of Directors and Executives who have built and sold several mining companies including Millennial Lithium, Allana Potash, Potash One
4. Significant Upside Potential as Most of the Project remains unexplored
Low-Cost Production: Potentially low-cost production due to solution mining, thick potash horizons, and proximity to major potash markets.
Development-Friendly Gabon: Situated in the proven potash basin in a stable mining jurisdiction; Gabon – 3rd highest GDP nation in Africa.
Solution Mining: Potentially amenable to low-cost solution mining.
Solid Track Record of Management & Board: The management has built and sold multiple mining companies in the past. (Millennial Lithium for $490M, Allana Potash for $170M, Potash One for $434M)
Potash Project with Solid Historic Drilling: Historic drilling and strong potential to expand. Exploration camp, drill rigs, drill core on site.
Geopolitical tension in Europe: The Russian invasion of Ukraine jeopardizes food security, and potash is a key fertilizer.
One of the nearest potential suppliers to Brazil and Asia that will lead to lower shipping costs and time.
Potash demand is expected to increase to approx. 90M tonnes by 2030 due to population growth.
Right time to invest in the potash sector, global supplies constrained by geopolitical events in major potash producing nations.
The Millennial Potash Project 1,238 km2 and is located approx. 450 km south of Libreville along the Atlantic coast of Gabon.
West Africa Potash Basin is a proven potash basin.
Proximity to largest potash importing nations. Brazil, China and India.
Strong local infrastructure.
Exploration Camp, drill rigs and drill core on site.
The project has been explored in the past and has a JORC-compliant resource on it.
This document may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, "intend", “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental, local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure, changes in laws, rules and regulations in Gabon or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for Cdn$ or CFA or other currencies, fluctuations in the market for potash or potash related products, changes in exploration costs and government royalties, export policies or taxes in Gabon or any other jurisdiction and other factors or information. The Company’s current plans, expectations and intentions with respect to development of its business and of the Banio Potash Project may be impacted by economic uncertainties arising out of any pandemic or by the impact of current financial and other market conditions on its ability to secure further financing or funding of the Banio Potash Project. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, environmental and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.