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Millennial Potash ( (TSE:MLP) ) has shared an announcement.
Millennial Potash Corp. has announced a private placement of 5,833,333 units to raise $3,500,000, with each unit priced at $0.60. The funds will support the further exploration and development of the Banio Potash Project and general working capital. An insider is participating in the transaction, which is considered a related party transaction but is exempt from certain regulatory requirements. The private placement is subject to approval by the TSX Venture Exchange, potentially impacting the company’s operational capabilities and market positioning.
More about Millennial Potash
Millennial Potash Corp. operates in the mining industry, focusing on the exploration and development of potash resources. The company is primarily involved in the Banio Potash Project, aiming to expand its market presence in the potash sector.
YTD Price Performance: 120.59%
Average Trading Volume: 90,761
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$55.57M
For an in-depth examination of MLP stock, go to TipRanks’ Stock Analysis page.