Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest announcement is out from Millennial Potash ( (TSE:MLP) ).
Millennial Potash Corp. has successfully closed a private placement, raising $4,929,200 through the issuance of units comprising common shares and share purchase warrants. The proceeds will be utilized for exploration and development activities at the Banio Potash Project and for general working capital. The Quaternary Group Ltd., a significant shareholder, increased its stake in the company through this placement, which may influence future strategic decisions depending on market and economic conditions.
More about Millennial Potash
Millennial Potash Corp. operates in the potash industry, focusing on the exploration and development of potash resources. The company is primarily engaged in advancing its Banio Potash Project, targeting the agricultural sector with its potash products.
YTD Price Performance: 111.76%
Average Trading Volume: 103,156
Technical Sentiment Signal: Sell
Current Market Cap: C$59.5M
For a thorough assessment of MLP stock, go to TipRanks’ Stock Analysis page.