- The Russia-Ukraine war has disrupted the global potash supply chain, leading to a shortage and rising prices
- Canada, Russia, and Belarus account for 70 per cent of worldwide potash production, but Canada has been unable to fill the supply gap caused by the conflict
- Millennial Potash (MLP) has acquired the Banio Potash Project in Gabon, which has significant potash deposits strategically located on Africa’s Atlantic coast
- The project has the potential to make Millennial a major player in the global potash market and provide a reliable source of potash for countries worldwide
- Millennial Potash is developing its flagship potash project in Gabon in the West Africa Potash Basin
- Millennial Potash (MLP) opened today at $0.45 per share
The Russia-Ukraine war has disrupted the global potash supply chain, leading to a shortage and rising prices.
Canada, Russia, and Belarus account for the majority of potash production, but Canada has been unable to compensate for the supply gap caused by the conflict.
With the world projected to need 70 per cent more food production by 2050, potash is a critical resource for ensuring a sustainable future.
In the midst of this crisis, Millennial Potash (MLP) has acquired the Banio Potash Project in Gabon, offering a potential solution.
Gabon’s coastline is rich in potash deposits, with an estimated two billion tons of potassium salts, making it one of the largest potash basins globally. Its strategic location on the Atlantic coast gives Gabon a cost advantage due to its proximity to major potash markets in Brazil, Asia, and Europe. Millennial Potash’s acquisition of this basin positions it favorably to become a significant player in the global potash market.
Millennial Potash also sets itself apart with an exceptional board and management team. Led by individuals with a successful track record in building and exiting resource companies, including recent successes such as Millennial Lithium, the team’s experience and expertise in potash and large mining projects are expected to contribute to the success of the Banio Potash Project.
Millennial Potash’s acquisition in Gabon presents a promising opportunity to meet the growing demand for fertilizer and provide a reliable source of potash for global communities.
Millennial Potash (MLP) opened today at $0.45 per share.
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