Millennial Potash Corp. (
MLP | MLPNF ) just announced a major development: the U.S. International Development Finance Corporation (DFC) has committed up to US$3M in project development funding for the Banio Potash Project in Gabon.
This strategic funding supports the upcoming Feasibility Study and was signed in Washington D.C. with the President of Gabon in attendance — a major signal of international and governmental backing.
Why this matters:
Follow for updates as the feasibility study unfolds and MLP potentially emerges as a cornerstone player in Africa’s potash supply chain.
MLP | MLPNF ) just announced a major development: the U.S. International Development Finance Corporation (DFC) has committed up to US$3M in project development funding for the Banio Potash Project in Gabon.This strategic funding supports the upcoming Feasibility Study and was signed in Washington D.C. with the President of Gabon in attendance — a major signal of international and governmental backing.
Why this matters:
- Potash = food security. Fertilizer is essential for crop yields, and potash demand in Africa is rising fast.
- DFC backing helps derisk the Banio project and positions MLP for future development financing.
- The investment arrives as Millennial moves from exploration to development — with second-stage drilling nearing completion.
- Gabon's support + U.S. government endorsement puts MLP in a strong geopolitical position for long-term growth.
Follow for updates as the feasibility study unfolds and MLP potentially emerges as a cornerstone player in Africa’s potash supply chain.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.