Millennial Potash Expands Land Position by 20% with New Exploration Permit at its Banio Potash Project

The most recent news (Feb 24, 2026) announces the acquisition of the "Haute Banio" exploration permit, expanding the company's land position by 20% to approximately 1,500 square kilometers. This new permit is contiguous with the existing Mayumba permit and covers a strategic gap between the ocean and the Republic of Congo border. Crucially, it includes potential infrastructure routes, such as a 40km coastal road to the town of Mayumba and direct ocean access. The company plans to integrate this new ground into its H2 2026 drilling program to update the global Mineral Resource Estimate (MRE).

The impact is Routine - Positive. While the land expansion is significant (20%), it is an incremental step in the development of a project already undergoing a Definitive Feasibility Study (DFS). - Strategic Value: The acquisition is more about infrastructure and logistics than just "more dirt." Securing the coastal road and ocean access points is vital for a bulk commodity like potash, where transportation costs often determine economic viability. - Resource Growth: The expansion allows for the potential extension of the North Target mineralization, which already saw a massive 275% increase in Measured & Indicated resources in late 2025. - Alignment: This news follows the company's recent ranking as the #3 top performer on the TSX Venture 50, reinforcing the narrative of aggressive growth and de-risking.

Millennial Potash is developing the Banio Potash Project in southern Gabon. The project is a solution-mining play targeting high-grade carnallitite and sylvinite. A 2024 PEA outlined an 800,000 TPY operation with a post-tax NPV10 of $1.07B USD and an IRR of 32.6%. The project is uniquely positioned to serve the "Atlantic Basin" (USA, Brazil, and Africa), benefiting from Gabon's coastal location and emerging infrastructure (Mangali Port and Mayumba Power Station).