Banio Potash Phase 3 drill program is underway. 4 potash-specific holes, ~4,000m total, including 2 holes (BA-007, BA-008) on our new Haute Banio permit. Targeting southern and western resource extension.
Updated MRE to follow.
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Two potash projects. Two buyouts by major producers. This is project three.
Millennial Potash Chairman Farhad Abasov on CNBC with Emily Tan on what makes Banio different: Atlantic coast location with no geographic or political constraints, and a cost structure built to compete head-on with the world's largest potash producers.
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Banio is positioned in that gap. Republic of Gabon. Atlantic coast. DFC-backed. Geopolitically neutral jurisdiction. Read the project one-pager:
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A short thread on why potash supply concentration matters in 2026, and what the US Critical Minerals List addition (Nov 2025) actually means.
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Other policy levers (tariffs, strategic stockpiles, Defense Production Act invocations) are not currently in play for potash. But the framework now exists if circumstances change.
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It has always been about the fundamentals. Strong underlying work drives long-term value.
Thanks for the insightful technical perspective, @RockBtmEntries.
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The next wave of strategic capital is moving toward food security.
Family offices from Singapore to the Gulf. Private equity from the West.
All arriving at the same conclusion: potash supply is a structural problem and the world needs new sources.
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With oil you see it at the gas station. With potash you see it at the supermarket β but by then it's too late.
Millennial Potash Chairman Farhad Abasov on @cnbcworld with @EmilyCNBC on why fertilizer security is becoming the next major geopolitical supply chain issue.
The US just added potash to its Critical Minerals List. China has been at this for decades.
#Potash
Potash is one of the most essential inputs for food production. The US imports approximately 95% of it from a single country.
And last year, despite all the geopolitical tensions, the US still imported 1 million tonnes from Russia.
That one fact explains why governments worldwide are now urgently looking to secure and diversify their potash supply.
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Weβre advancing steadily toward the DFS on Banio with stronger fundamentals than our peers: a proven executive team with $3B in successful exits, 80% ownership, expanded permit area, US$3M DFC support, and a project thatβs been significantly de-risked in just the last few months.
The potash story in Gabon/Africa is only getting stronger. Weβre building real value here.
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With oil you see it at the gas station. With potash you see it at the supermarket β but by then it's too late.
Millennial Potash Chairman Farhad Abasov on @cnbcworld with @EmilyCNBC on why fertilizer security is becoming the next major geopolitical supply chain issue.
The US just added potash to its Critical Minerals List. China has been at this for decades.
#Potash
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Africa. Brazil. The US East Coast. China.
Millennial Potash Chairman Farhad Abasov on CNBC laying out Banio's target markets β and the goal of becoming Africa's first potash producer.
"Africa is a strongly growing market. Affordability and availability of potash are critical issues there."
#Potash
Potash supply shows resilience amid global fertilizer shocks.
@jpmorgan latest note highlights how the Iran conflict and Strait of Hormuz disruptions are severely impacting nitrogen and urea markets β driving sharp price spikes and food inflation risks during key planting seasons.
In contrast, potash shipments have remained largely intact, with prices staying relatively stable so far. This underscores potashβs stronger position in todayβs volatile geopolitics.
At Millennial Potash, weβre committed to developing secure, diversified North American and African potash sources to strengthen long-term food security and reduce reliance on concentrated, high-risk supply routes.
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Potash production is heavily concentrated geographically. This presents a clear opportunity for new projects to diversify global supply chains and ensure stability.
#Potash