Millennial Potash Raises $4.9M in Private Placement to Boost Banio Project

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

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