Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Production / Operations

Millennial Potash upbeat about Gabon's Banio project

By The Northwire Desk — AI Analysis Mar 19, 2026 · 17:55 MLP · 2.04 Millennial Potash Corp.
MLP · Price

Executive Summary

  • Millennial Potash Corp. reports significant progress on its Banio potash project in Gabon, specifically regarding the Definitive Feasibility Study (DFS), Environmental and Social Impact Assessment (ESIA), and infrastructure planning.
  • The DFS and ESIA studies are on schedule for completion by the end of 2026, with specific engineering, geotechnical, and environmental field studies currently underway or planned for early 2026.
  • The company is advancing resource expansion drilling south and east of current mineral resources, with drilling scheduled for completion by Q3 2026 to support an updated mineral resource estimate.

Key Details

  • Definitive Feasibility Study (DFS):
    • Conducted by Ercosplan Ingenieurgesellschaft Geotechnik und Bergbau.
    • Focus includes engineering and trade-off studies, creep tests on drill core for cavern stability, and dissolution studies on carnallitite mineralization.
    • Trade-off studies cover cold vs. hot leaching of carnallite, power options for processing plants/well fields, and optimal plant locations.
    • Geotechnical drilling at the proposed process facility and well field is defined and scheduled to commence in Q2 2026.
    • DFS completion target: End of 2026.
  • Environmental and Social Impact Assessment (ESIA):
    • Directed by Artelia Societe par Actions Simplifee.
    • Aerial drone-supported LiDAR survey completed.
    • Bathymetric survey of Banio lagoon and selected ocean locations in progress.
    • Field crews scheduled to initiate flora/fauna studies and water/soil sampling in early Q2 2026.
    • ESIA completion target: End of 2026.
  • Resource Expansion Drilling:
    • Program located south and east of current mineral resources.
    • Barge support and road construction completed to provide access.
    • Drilling scheduled for completion by Q3 2026.
    • Results will support an updated mineral resource estimate to be included in the DFS.
  • Infrastructure and Financing:
    • Port options being evaluated: Mangali port (north of Mayumba) and a dedicated mineral bulk export port closer to the project.
    • Discussions ongoing with various financial and development institutions for construction financing.
    • Company pursuing an aggressive timeline to advance the project to production.
  • Technical Review:
    • Technical information reviewed and approved by Peter J. MacLean, PhD, PGeo (Ontario), Director and Qualified Person under National Instrument 43-101.
Read the original news release →

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