Millennial Potash (TSE:MLP) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Millennial Potash Corp. has significantly advanced its stake in the Banio Potash Project, increasing its interest to 70% by fulfilling milestones including a Preliminary Economic Assessment and strategic payments. The project promises strong economic potential with a projected low-cost solution mining operation, highlighted by substantial resource estimates and promising financials such as a post-tax NPV of US$1.07 Billion and an IRR of 32.6%. The company is now focused on expanding the resource base with further drilling planned at the North Target.
For further insights into TSE:MLP stock, check out TipRanks’ Stock Analysis page.