"Canada is still a very reliable, very strong potash supplier and for the foreseeable future it will be."
Chairman Farhad Abasov on where new Atlantic Basin supply fits.
Sponsored interview produced by Commodity TV on behalf of Millennial Potash.
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@MiningWeekly on yesterday's result at Banio.
BA-006 was pushed to a final depth of 735.32 metres and returned about 40 metres of additional potash, taking cumulative thickness to roughly 120 metres.
π: https://t.co/FkSH8Zh6Kw
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Africa consumes roughly 2 million tonnes of potash a year and produces almost none of it.
Banio sits on Gabon's Atlantic coast.
Chairman Farhad Abasov to @mining on Africa as the primary market.
Forward-looking.
π: https://t.co/Nxq9lVkqP9
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Chairman Farhad Abasov, writing inΒ @ceoworld today:
World potash capacity is forecast to rise from 66.1 Mt K2O in 2025 to 77.4 Mt by 2029 (USGS). Much of that growth comes from jurisdictions that do not produce today.
π: https://t.co/IoxPlXEffq
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Most developers sign an offtake to show progress.
"We want to sign offtakes with parties that can actually contribute to the project financially."
Chairman Farhad Abasov to @mining. Nothing signed yet.
π: https://t.co/Nxq9lVkqP9
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"I don't want to replace Canadian potash. Actually, I want to replace Russian potash."
Chairman Farhad Abasov to @mining on where a new Atlantic Basin supplier fits.
Canada remains a reliable supplier.
π: https://t.co/Nxq9lVkqP9
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My highest conviction investment.
Q4 2026 through mid-2027 is shaping up to be the most significant period in the company's history:
Drilling, MRE, DFS, Port Agreement, Offtakes, Construction Financing (per management targets).
Chart is setting up nicely.
Embassies do not visit mine sites often.
"We had a high-level delegation from the US Embassy visit the site... They saw the drill program."
Chairman Farhad Abasov on @cnbcafrica, on the September visit to Banio.
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Rail congestion to Russia's Baltic terminals is reportedly forcing potash output cuts.
Belarus moves almost all its non-Chinese volumes through those same ports.
Supply concentration is a route map, not a theory.
π: https://t.co/WHQzgUhU6A
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@MLPotash is moving its Banio Potash Project in Gabon closer to development, targeting first production in 2029.
The company expects to complete its Definitive Feasibility Study by the end of 2026, with a potential final investment decision in early 2027.
Banio is gaining strategic relevance as global potash supply remains highly concentrated in Canada, Russia and Belarus. A new Atlantic Basin source could strengthen supply diversification for Africa, the US, Brazil and other major agricultural markets.
The project has also attracted support from the U.S. International Development Finance Corporation, which has already provided USD 3 million for feasibility work and has expressed interest in supporting future project construction.
At the same time, Millennial Potash continues to advance drilling, infrastructure planning and potential offtake discussions. The company is also evaluating production scenarios above the 800,000 tonnes per year outlined in the PEA.
With fertilizer security, food security and supply chain diversification becoming increasingly important, Banio could develop into a strategically significant potash project.
#MillennialPotash #Potash #Mining #Gabon #Africa #Commodities
$MLPNF is advancing the Banio Potash Project, a low-cost solution mining potash project located in Gabon. Management expects to complete a 4-hole drilling program, prepare an updated MRE, and complete a DFS during 2026 @MLPotash@MLPotash https://t.co/ec5ps2j0OO
The $3 million was never the story.
"They actually got involved with us because they want to fund construction of this project."
Farhad Abasov to @mining on the @DFCgov, after 14 months of diligence spanning two administrations.
πhttps://t.co/Nxq9lVkqP9
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Thank you for the support and for featuring the discussion.
@DFCgov funding is helping advance the Banio Potash Project in Gabon toward a definitive feasibility study.
The goal is a new, scalable potash source that can strengthen supply options for markets that currently depend heavily on a small number of producers. We look forward to the next milestones.
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