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Millennial Potash ( (TSE:MLP) ) has provided an update.
Millennial Potash Corp. has launched a Definitive Feasibility Study for its Banio Potash Project in Gabon, engaging German consultancy ERCOSPLAN to deliver an AACE Class 3 study backed by US International Development Finance Corporation funding of US$3 million. The study, running in parallel with an environmental and social impact assessment and supported by ongoing technical work and further drilling, will assess a solution mining operation starting at 800,000 tonnes per year of muriate of potash with potential for higher output, positioning the company to apply for a mining license in the second half of 2026 and marking a formal shift from exploration to the development phase.
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 potash exploration and development company focused on advancing its Banio Potash Project in Gabon, targeting production of muriate of potash (MOP) for the fertilizer market. The company operates in the West African Potash Basin and is progressing its asset from exploration toward development, supported by recent large-scale mineral resource estimates.
Average Trading Volume: 414,019
Technical Sentiment Signal: Buy
Current Market Cap: C$328.8M
For an in-depth examination of MLP stock, go to TipRanks’ Overview page.