Millennial Potash Corp

Millennial Potash Corp. (TSX.V: MLP | OTCQB: MLPNF | FSE: X0D) is advancing the Banio Potash Project in Gabon—one of the most strategically located and lowest-cost undeveloped potash assets globally. The updated 2025 Mineral Resource Estimate outlines 2.45 Bt Measured & Indicated @ 15.6% KCl (+275%) and 3.56 Bt Inferred @ 15.6% KCl (+210%), covering only ~5% of the project area and confirming extensive 100m+ cumulative potash horizons ideal for solution mining. Banio’s coastal position enables direct Atlantic shipping to Brazil, the U.S., and Africa, underpinning strong PEA economics: US$1.07B post-tax NPV10, 32.6% IRR, and US$61/t OPEX. With US$3M in project-development funding from the U.S. International Development Finance Corporation (DFC) and full support from the Gabonese government, including active port and power development at Mayumba, Banio is positioned to become a strategic, long-life supplier to global fertilizer markets.

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

3 Months:

Feasibility Study and ESIA to be initiated at the end of Q4 2025, followed by Phase 3 drilling, an updated Mineral Resource Estimate, marketing studies, and permitting activities.

6 Months:

• Progress full Feasibility Study toward targeted completion in Q3–Q4 2026.
• Advance mining convention and permitting pathway with Gabonese ministries.
• Initiate discussions with strategic offtakers, agri-majors, and development finance institutions.

12 Months:

• Complete Feasibility Study and ESIA, transitioning Banio into a development-ready asset.
• Advance project financing, leveraging DFC involvement and strong PEA economics.
• Position Millennial as Africa’s leading coastal potash developer, 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 November 2025 MRE confirms 2.45 Bt M+I and 3.56 Bt Inferred, with >100m cumulative potash thicknesses across an 8 km mineralized corridor, supporting long-life, scalable solution-mining potential.

Elite Track Record of Value Creation:

Management has delivered four major exits:

• Millennial Lithium — $490M
• Allana Potash — $170M
• Potash One — $434M
• Energy Metals — $1.8B

Insider ownership is 30–40%, strongly aligning interests.

U.S. Government Backing & Critical Mineral Status:

The US$3M DFC investment and potash’s addition to the U.S. Critical Minerals List underscore Banio’s strategic importance as a reliable Atlantic supply route for U.S. and Brazilian agriculture.

Low-Cost Coastal Advantage:

Banio is located on the Atlantic coast—no long-haul rail, no inland transport risks—enabling direct ocean shipping and supporting US$61/t OPEX, among the lowest in the sector.

National Infrastructure Under Construction:

The Mayumba Port and 8.5MW → 50MW power plant are actively being built, reducing future CAPEX burden and de-risking long-term operations.