Millennial Potash Applauds the Official Addition of Potash to the 2025 List of Critical Minerals as Financial Times Mentions U.S. DFC Commitment to Millennial's Banio Potash Project in Gabon

The November 10, 2025 news release announces that potash has been officially added to the 2025 U.S. list of Critical Minerals. The company also highlights a recent mention in the Financial Times regarding the U.S. International Development Finance Corporation's (DFC) US$3 million project development funding commitment for Millennial's Banio Potash Project in Gabon. Chair Farhad Abasov emphasized that this designation and funding strategically align the Banio project with U.S. food security and supply chain priorities, positioning it as a potential new, low-cost supply source with a direct shipping route to U.S. ports. Abasov also noted the timing is important as the company is preparing to release a revised Mineral Resource Estimate (MRE) in the coming weeks.

This news is materially positive as it reinforces and solidifies several key de-risking events that have been developing over the past few months. While the US$3 million DFC funding commitment was initially announced on July 9, 2025, and reiterated on August 27, 2025, the official designation of potash as a U.S. Critical Mineral provides a powerful tailwind. This designation formally recognizes the strategic importance of securing potash supply chains outside of traditional producers like Russia and Belarus, making Millennial's project in Gabon, with its direct Atlantic access, highly strategic to U.S. interests.

The mention in a globally respected publication like the Financial Times provides significant third-party validation and broadens awareness of the project's strategic importance. This is not just routine corporate news; it's a confirmation of the project's geopolitical relevance, which is a crucial factor in securing the much larger construction financing that will be required.

Looking at the historical context, the company has been systematically executing its strategy: - Exploration Success: Phase 2 drilling, initiated on April 1, 2025, has been highly successful. The assay results from holes BA-001-EXT (Sept 16) and BA-004 (Oct 14) confirmed thick, high-grade potash mineralization, with cumulative intercepts over 100 meters. This sets the stage for a potentially significant MRE update. - Government Support: The project has strong local government support, evidenced by the high-level delegation visit on September 3, 2025. - Strategic Funding: Securing the DFC funding for the Feasibility Study (FS) is a major coup for a junior developer. It provides non-dilutive capital for a critical study and, more importantly, a stamp of approval from a U.S. government agency that could act as a cornerstone lender for future project financing.

The stock has already reacted positively to these developments throughout the year, running from sub-$0.50 levels to a high of $3.49. However, the stock has recently pulled back to the $2.80 level. This news serves as a strong confirmation of the investment thesis and could attract a new set of institutional and strategic investors ahead of the next major catalyst—the updated MRE. The Chair's statement explicitly linking the news to the upcoming MRE suggests confidence in the results and their potential market impact.

Millennial Potash Corp. is a Canadian-based resource company focused on advancing its flagship Banio Potash Project in Gabon, West Africa. The project is located on the Atlantic coast, providing potential for direct, low-cost shipping to key agricultural markets including the Americas and the rest of Africa. Based on the January 2024 Mineral Resource Estimate, the project hosts a significant resource of 657 million tonnes Indicated at 15.9% KCl and 1.159 billion tonnes Inferred at 16.0% KCl. The company is currently transitioning the project from the exploration stage to development, with an updated MRE pending and a Feasibility Study set to commence, backed by funding from the U.S. DFC. The project appears to be royalty-free, as the acquisition terms relate to the purchase of the holding company, not an underlying royalty agreement.