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Millennial Potash ( (TSE:MLP) ) just unveiled an update.
Millennial Potash Corp. has launched a $15.25 million bought-deal private placement under a listed issuer financing exemption, issuing 5 million units at $3.05 each, with each unit comprising one common share and a half warrant exercisable at $4.00 for three years. Led by Cantor Fitzgerald Canada as sole bookrunner, the financing includes standard cash and warrant commissions for underwriters and an option to increase the offering by up to 15%, with proceeds earmarked primarily to fund a definitive feasibility study for the Banio Potash Project and general working capital, potentially accelerating the project’s advancement and strengthening the company’s position in the potash development space, subject to regulatory approvals and an expected closing around January 29, 2026.
The most recent analyst rating on (TSE:MLP) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Millennial Potash stock, see the TSE:MLP Stock Forecast page.
Spark’s Take on TSE:MLP Stock
According to Spark, TipRanks’ AI Analyst, TSE:MLP is a Neutral.
The score is primarily constrained by weak financial performance (pre-revenue, widening losses, and ongoing cash burn) despite a low-debt balance sheet. Technicals are supportive with price above major moving averages and positive momentum, while corporate events add upside from resource upgrades and permitting progress. Valuation remains unfavorable because losses drive a negative P/E and there is no dividend support.
To see Spark’s full report on TSE:MLP stock, click here.
More about Millennial Potash
Millennial Potash Corp. is a Canadian-listed potash exploration and development company focused on advancing its Banio Potash Project, aiming to become a future supplier of potash to global fertilizer markets. The company is listed on the TSX Venture Exchange, OTCQB and Frankfurt Exchange, targeting investors interested in agricultural commodities and critical fertilizer inputs.
Average Trading Volume: 416,552
Technical Sentiment Signal: Buy
Current Market Cap: C$366.8M
See more data about MLP stock on TipRanks’ Stock Analysis page.