Millennial Potash
Primary ticker: TSX-V: MLP, OTCQB: MLPNF, FSE: X0D
Stage of development: Exploration
Primary minerals: Potash
Project to promote: Banio Project
Project location: Gabon, West Africa
Website: www.millennialpotash.com
Corporate presentation: Click here
Corporate video: Click here
Millennial Potash Corp. remains steadfast in its commitment to advancing the Banio Potash Project towards production, leveraging its strategic advantages, robust resource base, and favorable market dynamics. The company intends to expand its resource base and start a Definitive Feasibility Study later in 2024. With a clear roadmap for value creation and a proven history of success, we invite investors to join us on this transformative journey as we strive to become a leading supplier of potash fertilizers, contributing to global agricultural sustainability.
Cash: CAD 2M
Debt: NIL
Major shareholders:
Management Ownership – 35%
Financials
Management Profile
Farhad Abasov, M.B.A. – Chairman, Director
Mr. Abasov built and sold multiple resource companies: President and CEO, Millennial Lithium sold to Lithium Americas for $490M; President and CEO, Allana Potash Corp. sold to Israel Chemical Ltd. for $170M. Mr. Abasov is also a co-founder of Potash One which sold to K+S for $430M, as well as Senior VP of Energy Metals which sold to Uranium One for $1.8B. He raised over $500 million for public and private companies in energy and mining sectors.
Jason Wilkinson, M.Sc. – Chief Executive Officer
Mr. Wilkinson is a mining and exploration professional with 25 years experience across a range of commodities. In the past was the Chief Operating Officer for South Harz Potash directing efforts at their German potash project. Previously in-country MD for Allana Potash Corp based in Ethiopia responsible for the exploration drill-out and feasibility study work and facilitated transfer to Israel Chemicals Ltd.
What is your rationale for taking part in 121 Mining Investment?
Our participation in the 121 Mining Investment conference aligns with Millennial Potash Corp.’s strategic objectives of advancing the Banio Potash Project and building relationships with key stakeholders. Our rationale for attending includes several objectives:
Targeted Investor Engagement: We aim to connect with institutional investors, private equity groups, and strategic partners who are aligned with our long-term vision for developing the Banio Potash Project. We are particularly interested in investors who understand the potash market and see the value in contributing to global food security through sustainable agricultural inputs.
Market Support and Awareness: We are focused on increasing our visibility and engaging with market participants who can support Millennial Potash Corp. in both public markets and private placements. Effective communication with the investment community is essential as we progress towards key milestones.
Upcoming Developments and Fundraising Plans: As we prepare to expand our resource base and initiate a Definitive Feasibility Study (DFS) later in 2024, we are exploring opportunities for future capital raises. Engaging with investors early on allows us to build relationships and align expectations well in advance of any financing needs.
Showcasing New Developments: We will provide updates on our progress at the Banio Potash Project, including our strategic plans for 2024 and beyond. This includes our recent exploration successes, updated resource estimates, and the pathway towards completing the DFS.
Millennial Potash Corp. is committed to value creation and is well-positioned to become a leading supplier of potash fertilizers. We see the 121 Mining Investment conference as a valuable platform to share our story, meet like-minded investors, and foster partnerships that will drive our project forward.
What recent news would you like to highlight to investors attending?
January 16, 2024
Millennial Potash Announces Maiden Mineral Resource Estimate in the Northern Part of the Banio Potash Project: Indicated Mineral Resources of 657 Million Tonnes of 15.9% KCl and Inferred Mineral Resources of 1.159 Billion Tonnes of 16.0% KCl
April 23, 2024
Millennial Potash Completes Positive PEA with After-Tax NPV₍₁₀₎ of $1.07B and IRR of 32.6% for its Banio Potash Project
July 9, 2024
Millennial Potash Completes Milestones and Earns 70% of Banio Potash Project
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Resource Drilling
6 Months:
Start Definitive Feasibility Study
Start Envrionmental Social Impact Assessment
12 Months:
Preliminary Engineering
What do you think makes your company such a compelling investment?
Strategic Location: On the coast of Gabon, proximity to shipping ports and established infrastructure, facilitating efficient logistics and market access (Brazil, US and Asia).
Thick Potash Mineralization: Extensive potash mineralization, with drillhole extensions demonstrating thicknesses of up to 80 meters, supporting the feasibility of low-cost solution mining
Government Endorsement: Full support of the Gabonese government, underscoring the country’s commitment to attracting foreign investment and fostering infrastructure development for the Banio project.
What are the top 3 key investor takeaways?
Mineral Resource Estimate: Our maiden Mineral Resource Estimate stands at significant Indicated and Inferred Mineral Resources exceeding 1.8 billion tonnes of potassium chloride (KCl), which covers only 5% of our 1,200-square-km project area indicating substantial upside
Preliminary Economic Assessment (PEA): Robust PEA numbers with an after-tax NPV (10) of $1.07 billion and an after-tax IRR of 32.6% making the project one of the most economically viable potash deposits in the world and attractive investment proposition.
Very Low Cost Structure: Extremely competitive operating costs of $61 per tonne of granular Muriate of Potash (gMOP), ensuring cost-effective operations and sustainable profitability.