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
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
West Vancouver, British Columbia--(Newsfile Corp. - November 10, 2025) -
Millennial Potash Corp.
(TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company")
commends
the recent announcement that potash has officially been added to 2025 List of Critical Minerals, released
on Nov. 6
th
2025 by the U.S. Geological Survey. This inclusion in the Official List comes as the U.S.
International Development Finance Corporation ("DFC") commits US$3 million in project development
funding for Millennial's Banio Potash Project in Gabon, recognizing its strategic role in potentially
strengthening U.S. and West Africa food security and supply chain resilience.
Farhad Abasov, Chair of Millennial
, commented: "The official recognition of potash as a critical
mineral by the U.S. government is a major milestone for our industry. For Millennial, it highlights Banio's
unique position as a potential new, low-cost supply source of potash for the U.S. agricultural sector and
beyond. With the US DFC funding in place, strong support from the Government of Gabon, and our
project's direct shipping route to U.S. ports, Banio is strategically aligned with America's food security
and supply chain priorities. In addition, Banio can potentially become the first African potash mine to
supply potash to the African continent which currently imports all its potash. It is great to see the Financial
Times (Nov.7, 2025) talking about the DFC's role in mining projects in Africa including its project
development funding for Millennial Potash. The timing of the decision to add potash to the critical
minerals list is important as we are gearing up to complete our revised Mineral Resource Estimate in
coming weeks."
U.S. DFC Backing De-Risks Banio Potash Project
The DFC's strategic investment in Banio is designed to de-risk the Project and prepare it for potential
future U.S. project financing. DFC is the U.S. Government's development finance institution that partners
with the private sector to mobilize capital for strategic investments around the world. The strategic
investment in Millennial, done under the DFC's Project Development Program, will support a Feasibility
Study ("FS") on the Company's Banio Potash Project (see MLP news release dated July 9, 2025).
DFC
is very active in Sub-Saharan Africa with approximately US $13 billion invested across 300 projects in
26 countries.
Recently DFC has approved a US $465M loan to Serra Verde to help fund expansion of
the Pela Ema rare earth's mine in Brazil in an effort to develop alternative supply chains for critical
minerals. The DFC's role in mining projects including their investment in Millennial Potash was recently
mentioned in the Financial Times.
Potash: Now a U.S. Strategic Priority
Potash is essential for global agriculture but is overwhelmingly supplied by just a few countries - Canada,
Russia, and Belarus. By adding potash to the Official Critical Minerals List, the U.S. government has
acknowledged its vulnerability to supply shocks and trade restrictions. This proposed recognition is
intended to guide federal strategy and investment toward securing diverse, stable, and geopolitically
reliable sources of supply.
Banio Potash Project: A Direct Atlantic Supply Route to the U.S.
Millennial's Banio Potash Project sits on Gabon's Atlantic coast, offering a short, cost-efficient shipping
route directly to the United States as well as Brazil, the world's largest potash importer, and of course,
Africa. Unlike inland projects, Banio benefits from proximity to infrastructure, ongoing construction of a
port at Mayumba, and a new regional power plant all of which reduce delivery risk and strengthen its
position as a potential future cornerstone supplier to the U.S. agricultural market and beyond.
The Project has already demonstrated potentially strong economics, with a Preliminary Economic
Assessment (PEA) showing an after-tax NPV10% of US$1.07 billion, a 32.6% IRR, and operating costs
of only US$61 per tonne of granular potash
(see MLP news release dated April 23, 2024) Recent drilling
results confirmed up to 200 meters of potash-rich horizons at the North Target, with further resource
expansion potential and a revised mineral resource estimate calculation underway (see MLP news
releases dated September 16, 2025 and October 14, 2025).
To find out more about Millennial Potash Corp. please contact Investor Relations at (604) 662-8184 or
email at
.
Keep up-to-date on Millennial Potash developments and join our online communities on:
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MILLENNIAL POTASH CORP.
"Farhad Abasov"
Chair of the Board of Directors
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This document may contain certain "Forward-Looking Statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When
used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or
"planned", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-
looking statements or information. These forward-looking statements or information may relate to future
prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources,
regulatory or government requirements or approvals including approvals of title and mining rights or
licenses and environmental (including land or water use), local community or indigenous community
approvals, the reliability of third party information, continued access to mineral properties or
infrastructure, changes in laws, rules and regulations in Gabon or any other jurisdiction which may impact
upon the Company or its properties or the commercial exploitation of those properties, currency risks
including the exchange rate of USD$ for Cdn$ or CFA or other currencies, fluctuations in the market for
potash or potash related products, changes in exploration costs and government royalties, export
policies or taxes in Gabon or any other jurisdiction and other factors or information. The Company's
current plans, expectations and intentions with respect to development of its business and of the Banio
Potash Project may be impacted by economic uncertainties arising out of any pandemic or by the
impact of current financial and other market conditions on its ability to secure further financing or funding
of the Banio Potash Project. Such statements represent the Company's current views with respect to
future events and are necessarily based upon a number of assumptions and estimates that, while
considered reasonable by the Company, are inherently subject to significant business, economic,
competitive, political, environmental and social risks, contingencies and uncertainties. Many factors, both
known and unknown, could cause results, performance or achievements to be materially different from
the results, performance or achievements that are or may be expressed or implied by such forward-
looking statements. The Company does not intend, and does not assume any obligation, to update these
forward-looking statements or information to reflect changes in assumptions or changes in
circumstances or any other events affecting such statements and information other than as required by
applicable laws, rules and regulations.
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https://www.newsfilecorp.com/release/273752