Millennial Welcomes the U.S. Embassy Acting Charge d'Affaires for Gabon to the Banio Potash Project Site

Millennial Potash Corp. announced that the U.S. Embassy Acting Chargé d'Affaires and a diplomatic delegation visited its Banio Potash Project in Gabon on September 10, 2026. The visit focused on reviewing project operations, exploration drilling, and community engagement, with explicit acknowledgment of strong U.S. government and U.S. Development Finance Corporation (DFC) support for the ongoing Definitive Feasibility Study (DFS).

Exploration drilling is actively progressing at holes BA-007 and BA-008 to extend potash resources south and west of the current Mineral Resource Estimate (MRE). An updated MRE is expected upon completion of the current four-hole program later in 2026. The current MRE stands at 648.2M tonnes Measured, 1.8B tonnes Indicated, and 3.56B tonnes Inferred, all grading approximately 15.6% KCl.

The DFS and Environmental and Social Impact Assessment (ESIA) continue to advance toward their targeted completion dates.

Millennial Potash Corp. (MLP) released an operational update confirming that its Definitive Feasibility Study (DFS), Environmental and Social Impact Assessment (ESIA), and resource expansion drilling are proceeding on schedule without material delays or cost overruns. The announcement follows a clear progression of government engagement, including a visit by the Gabonese Minister of Mines in July 2026 and high-level promotion at the PDAC conference in March 2026.

No new financial data, revised economic metrics, or unexpected strategic partnerships were disclosed. The market had already been primed for these milestones through prior announcements regarding the $3M DFC commitment, the January 2026 $18.3M equity raise, and the ongoing drilling program. The visit serves as a diplomatic and operational checkpoint rather than a catalyst for immediate price appreciation, reinforcing management's narrative of de-risking the asset without altering the fundamental timeline or capital requirements.

Millennial Potash Corp. is a pre-revenue junior explorer advancing the Banio Potash Project in the Republic of Gabon. The flagship project targets solution mining of carnallitite and sylvinite deposits, with a base production scenario of 800,000 tonnes per year (tpy) of Muriate of Potash (MOP). The project holds a massive resource base of approximately 6.01 billion tonnes (Measured + Indicated + Inferred) grading ~15.6% KCl, representing roughly 938 million tonnes of contained KCl.

The company has transitioned from exploration to the development stage, initiating a Class 3 DFS and an ESIA in early 2026. Both studies are being conducted by specialized international firms (ERCOSPLAN and Artelia) and are fully funded by a $3M U.S. DFC commitment and recent equity proceeds. Strategic infrastructure advantages include proximity to the Mayumba port and a direct Atlantic shipping route to U.S. and Brazilian markets.