Millennial Potash

Millennial Potash is advancing the Banio Potash Project in Gabon — a Tier-1, low-cost, coastal potash development strategically positioned on the Atlantic to supply Africa, Brazil, and the United States. The project hosts an NI 43-101 resource of 1.82 billion tonnes grading ~16% KCl, underpinned by strong economics from a PEA showing an after-tax NPV10 of US $1.07 billion, 32.6% IRR, and OPEX of US $61/t gMOP. In 2025, the U.S. International Development Finance Corporation (DFC) committed US $3 million to fund the project’s Feasibility Study, following the U.S. Department of the Interior’s proposal to add potash to its Critical Minerals List. With port and power infrastructure under construction, Banio is positioned to become Africa’s leading potash supplier and a cornerstone of global food-security supply chains.

What is your rationale for taking part in 121 Mining Investment?

Millennial Potash Corp.’s participation in the 121 Mining Investment conference aligns with our strategic focus on advancing the Banio Potash Project in Gabon and strengthening relationships with institutional investors, private equity, and strategic partners.

Targeted Investor Engagement: We are seeking to engage with investors who recognize the importance of food security and fertilizer supply chains as global priorities. Following the U.S. International Development Finance Corporation’s (DFC) US $3 million investment in the Banio Project and the U.S. Department of the Interior’s proposal to add potash to the Critical Minerals List, we are seeing growing interest from funds focused on critical minerals, infrastructure, and sustainability.

Showcasing Recent Milestones: We will highlight significant 2025 developments including the Phase 2 drill program, which confirmed 112 m of potash mineralization, the upcoming updated Mineral Resource Estimate, and the visit by the Vice President of Gabon, underscoring strong government alignment. These achievements position Banio as a world-class, low-cost, coastal potash project with direct shipping routes to the U.S., Brazil, and Africa.

Strategic Growth and Funding Outlook: As we transition toward a Feasibility Study supported by U.S. DFC funding, we are engaging early with capital providers interested in participating in future development financing. The 121 platform allows us to align with partners who share our vision of establishing Africa’s leading potash producer and a cornerstone of global fertilizer supply.

What recent news would you like to highlight to investors attending?

• September 23, 2025 - Millennial Potash Corp. Announces Appointment of Mr. Tony Kettinger as Director and Resignation of Mr. Graham Harris
• September 16, 2025 - Millennial Potash Intersects 112m of Potash Mineralization in Drillhole BA-001-EXT at its Banio Potash Project in Gabon
• September 3, 2025 - Vice President of Gabon Leads High-Level Delegation to Millennial Potash’s Banio Project: Government Visit Highlights Strategic Importance and Operational Transparency
• August 27, 2025 - Millennial Potash: U.S. Proposes to Add Potash to Critical Minerals List as US DFC Backs Banio Project in Gabon
• July 9, 2025 - Millennial Potash Announces U.S International Development Finance Corporation’s Strategic Project Development Support for its Banio Potash Project in Gabon
• June 26, 2025 - Millennial Potash Intersects Additional Robust Potash Mineralization in BA-004 at its Banio Potash Project in Gabon
• May 6, 2025 - Millennial Potash Intersects Significant Potash in BA-001-EXT at its Banio Potash Project in Gabon
• April 22, 2025 - Millennial Potash Reports Completion of Mangali Port Phase 1 and Upcoming Equipment Arrival for Mayumba Power Station Near Its Banio Potash Project

What are your key goals for the next 3, 6 and 12 months?

3 Months

• Publish the updated Mineral Resource Estimate (MRE) incorporating results from BA-001-EXT and BA-004, confirming up to 220 m of potash mineralization and significant expansion potential.
• Advance early-stage Feasibility Study (FS) work funded by the U.S. International Development Finance Corporation (DFC), including dissolution and geotechnical test programs.
• Continue environmental and community baseline studies as part of preparation for the full Environmental and Social Impact Assessment (ESIA).

6 Months

• Progress Feasibility Study activities with completion targeted for Q3–Q4 2026, including engineering design, cost estimates, and process testwork.
• Advance mining convention and permitting discussions with the Government of Gabon, following strong national support highlighted by the Vice President’s 2025 site visit.
• Engage strategic partners and investors in parallel with ongoing DFC-supported work to position for project financing.

12 Months

• Complete the Feasibility Study and finalize the ESIA and Mining Permit application to transition Banio into the development-ready stage.
• Secure project financing commitments and advance infrastructure integration with the new Mayumba Port and regional power plant.
• Position Millennial Potash as Africa’s leading coastal potash developer, aligned with U.S. critical mineral strategy and global food security objectives.

What do you think makes your company such a compelling investment?

Proven Leadership with a Track Record of Success: Millennial Potash’s management team has a demonstrated record of advancing potash projects from discovery through feasibility and into acquisition. Members of the team previously led Potash One Inc. (acquired by K+S AG for $434 million) and Allana Potash Corp. (acquired by Israel Chemicals Ltd. for $170 million). This deep technical, financial, and operational experience positions Millennial to efficiently de-risk and advance Banio through development.

What are the top 3 key investor takeaways?

1. U.S. Government Endorsement and Strategic Relevance: The U.S. International Development Finance Corporation’s US $3 million investment in Banio marks a rare U.S. government partnership with a junior mining company. It aligns directly with the U.S. Department of the Interior’s proposal to add potash to the 2025 Critical Minerals List, recognizing Banio’s role in strengthening U.S. food security and fertilizer supply chains.

2. Potentially low-cost potash project with proximity to infrastructure: Located on Gabon’s Atlantic coast, Banio offers direct shipping routes to the U.S., Brazil, and Africa. Its solution-mining method, exceptionally thick potash horizons, and close proximity to port and power infrastructure. This supports industry-leading economics—an after-tax NPV₁₀ of US $1.07 billion, 32.6% IRR, and OPEX of just US $61/t gMOP.

3. Strong Government and ESG Alignment: With the Vice President of Gabon leading a 2025 site visit and national infrastructure projects (port and power plant) advancing nearby, Banio enjoys high-level government backing and is progressing under international ESG and environmental standards, positioning Millennial Potash as a trusted, de-risked development partner.