- With the world’s population growing rapidly and arable land becoming scarcer, the demand for high-quality fertilizer is only increasing, making potash a critical resource for farmers and agricultural businesses
- The global supply of potash is experiencing a shake-up due to the Russia-Ukraine war, resulting in a global potash shortage and rising prices
- Millennial Potash has recently acquired the Banio Potash Project in Gabon, which is estimated to have over 2 billion tons of potassium salts, making it one of the largest potash basins in the world
- With its large resource and strategic location on Africa’s Atlantic coast, Millennial Potash could have the potential to become a major player in the global potash market and provide a reliable source of potash for countries around the world
- Millennial Potash (MLP) opened today at $0.50 per share
Potash is a vital component in the global food supply chain as a source of potassium needed for plant growth and disease resistance.
With the global population projected to reach 9.7 billion by 2050, the demand for high-quality fertilizer, including potash, is increasing. However, the global potash supply chain is experiencing a shake-up due to the conflict between Russia and Ukraine, as Russia is one of the world’s largest producers of potash, and Belarus, a Russian ally, is also a significant potash producer. This has resulted in a global potash shortage, causing many countries to seek alternative sources or pay higher prices.
To help secure the world food supply, Millennial Potash has acquired the Banio Potash Project in Gabon, which is estimated to have over 2 billion tons of potassium salts, making it one of the largest potash basins in the world.
The Gabon coastline’s strategic location on Africa’s Atlantic coast provides a significant cost advantage due to proximity to major potash markets, making it an attractive source of potash for importing nations such as Brazil, Asia, and Europe.
Millennial Potash’s management team and board of directors have extensive experience in potash and other large-scale mining projects, making it a potential major player in the global potash market.
Millennial Potash (MLP) opened today at $0.50 per share.
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