Millennial Potash receives Haute Banio permit

Executive Summary

• Millennial Potash Corp. has been granted the Haute Banio exploration permit, expanding its land position at the Banio Potash Project in Gabon by approximately 20%.
• The new permit covers 261.39 square kilometres, filling the gap between the existing Mayumba permit and the Republic of the Congo border, while securing critical coastal access and infrastructure routes.
• The company plans to conduct drilling in the second half of 2026 to test the westward extension of potash mineralization, with results to be integrated into a combined updated mineral resource estimate.

Key Details

• Permit Acquisition: Granted the Haute Banio exploration permit, contiguous with the core Mayumba exploration permit.
• Land Area: The new permit covers 261.39 square kilometres (km).
• Total Land Position: The expansion brings Millennial's total exploration ground to approximately 1,500 square kilometres.
• Geographic Coverage: The permit covers the gap between the Mayumba permit and the ocean (north) and the border with the Republic of the Congo (ROC) (south). It includes marine coastline areas.
• Strategic Infrastructure: The permit secures access to an old access road running from the project area to the local airport and the town of Mayumba, as well as complete access to the ocean for development needs related to the definitive feasibility study.
• Validity: The permit is valid for three years, renewable for two additional three-year periods.
• Exploration Plan: Includes geological/geophysical studies, seismic data reinterpretation, drilling, resource estimation, and environmental/social management plans.
• Future Drilling: Drilling west of holes BA-001 and BA-003 on the new permit is scheduled for H2 2026.
• Resource Integration: Data from the new permit will be combined with data from the Mayumba permit to create a combined updated mineral resource estimate.
• Reference: The new permit covers the potential westward extension of the current Mayumba mineral resource estimate (referenced from news release dated Nov. 17, 2025).

Notable Quotes

• "We are excited to have acquired an additional exploration permit for our Banio potash project with strong potential to expand our current resource base having increased our exploration permit area to almost 1,500 square kilometres." — Farhad Abasov, Chair
• "The new permit area has a strategic importance to the company's development plans as the company now has all of the western coastline areas." — Farhad Abasov, Chair
• "The issuance of an additional permit demonstrates continuing solid support from the Gabonese government for Millennial Potash and an acknowledgment of the tremendous progress made on the project to date." — Farhad Abasov, Chair
• "The recently completed financing by the company now gives us the opportunity to expand the Banio resource base and evaluate additional potential production options." — Farhad Abasov, Chair