Millennial Potash Corp

Millennial Potash Corp. (TSX.V: MLP | OTCQB: MLPNF | FSE: X0D) is a development-stage potash company advancing the Banio Potash Project in Gabon, West Africa. The updated 2025 Mineral Resource Estimate outlines 2.45 Bt Measured & Indicated and 3.56 Bt Inferred, both grading 15.6% KCl, across only ~5% of Millennial's ~1,500 km² land position. Banio's Atlantic coastal location supports strong PEA economics — US$1.07B post-tax NPV₁₀, 32.6% IRR, and US$61/t OPEX — with direct shipping access to Brazil, the U.S., and Africa. With a Definitive Feasibility Study and ESIA underway and US$3M in non-dilutive funding from the U.S. DFC, Banio is positioned as a strategic, low-cost, long-life supplier to global fertilizer markets.

Management Profile

Farhad Abasov M.B.A., Chairman, Director

Mr. Abasov has built and sold multiple resource companies, including Millennial Lithium (sold to Lithium Americas for $490M), Allana Potash (sold to Israel Chemicals for $170M), Potash One (co-founder; sold to K+S for $430M), and Energy Metals (Senior VP; sold to Uranium One for $1.8B). He has raised more than $500 million for public and private companies across the mining and energy sectors and led Millennial Potash's transition from exploration to development, including securing U.S. DFC funding, the +275% MRE expansion, and initiation of the Definitive Feasibility Study. Insider ownership exceeds 40%, strongly aligning management with shareholders.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Advance the Definitive Feasibility Study (DFS) with ERCOSPLAN, progressing trade-off studies including dissolution testwork, hydrogeological studies, creep tests, cold vs. hot leaching evaluations, port configuration, and high-purity salt marketing studies. Advance the Environmental & Social Impact Assessment (ESIA) with the Artelia-led consortium, including physical environment and biodiversity baseline studies. Mobilize Phase 3 drilling program across the Mayumba and newly acquired Haute Banio exploration permits. Continue engagement with Gabonese ministries on mining convention and permitting pathway.

6 Months:

Continue advancing the DFS and ESIA toward targeted H2 2026 completion. Execute Phase 3 drilling on both the Mayumba and Haute Banio permits to support an updated combined Mineral Resource Estimate. Initiate formal discussions with strategic offtakers, agri-majors, and development finance institutions to advance the project financing pathway. Progress mining license application preparation with the Government of Gabon. Advance port configuration and infrastructure planning in coordination with the Grande Mayumba development program.

12 Months:

Complete the Definitive Feasibility Study and ESIA, transitioning Banio into a fully development-ready asset. Submit mining license application to the Government of Gabon. Advance project financing discussions, leveraging DFC's positioning as potential construction financing lead — DFC has deployed approximately US$13B across 300+ projects in 26 African countries. Deliver an updated Mineral Resource Estimate incorporating Phase 3 drilling from both the Mayumba and Haute Banio permits. Position Millennial as Africa's leading coastal potash developer, strategically aligned with U.S., Gabonese, and Brazilian fertilizer-security priorities.

What do you think makes your company such a compelling investment?

Unmatched Resource Scale & Growth:

The 2025 MRE confirms 2.45 Bt M&I and 3.56 Bt Inferred, with cumulative potash thicknesses exceeding 100 meters. The resource covers only ~5% of the ~1,500 km² land position, providing substantial expansion optionality.

Elite Track Record of Value Creation:
Management has delivered multiple major exits:
- Millennial Lithium ($490M)
- Potash One ($430M)
- Lithium X Energy ($265M)
- Allana Potash ($170M)
- Energy Metals ($1.8B).

Insider ownership exceeds 40%, strongly aligning interests with shareholders. U.S. Government Backing & Critical Mineral Status: The U.S. DFC has committed US$3M in non-dilutive project development funding and is positioned as a potential construction financing lead. Potash was added to the U.S. Critical Minerals List in November 2025, underscoring Banio's strategic importance as a reliable Atlantic supply route.

Low-Cost Coastal Advantage:
Banio's Atlantic coastal location eliminates long-haul rail and inland transport risk, supporting one of the lowest OPEX profiles in the sector at US$61/t and estimated shipping costs to Brazil of ~US$22/t.

Advanced Development Stage:
The AACE Class 3 DFS (ERCOSPLAN) and IFC-compliant ESIA (Artelia-led consortium) are both underway, with completion targeted for H2 2026 and mining license application to follow. Third-Party Funded Infrastructure: The Mayumba port (Phase 1 operational) and 21 MW thermal power plant (ramping to 50 MW) are being built and funded independently, materially de-risking future CAPEX and timelines.

Capital Markets Validation:
Ranked #3 on the 2026 TSX Venture 50™, with 950% share price appreciation and 1,405% market capitalization growth in 2025.