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Millennial Potash
(MLP)
Millennial Potash (MLP) vs. S&P 500 (SPY)
Millennial Potash Business Overview & Revenue Model
Millennial Potash Financial Statement Overview
| Breakdown | |||||
| TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -107.53K | 0.00 | -101.61K | -60.16K | -39.25K | 0.00 | EBIT |
| -2.52M | -3.11M | -4.61M | -1.46M | -2.13M | -108.80K | EBITDA |
| -3.44M | -1.44M | -4.58M | -1.35M | -39.15K | -23.17K | Net Income Common Stockholders |
| -3.58M | -3.19M | -4.70M | -1.41M | -2.13M | -108.25K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 4.07M | 1.57M | 1.63M | 3.10M | 3.76M | 798.66K | Total Assets |
| 14.85M | 12.27M | 6.92M | 4.99M | 4.91M | 798.66K | Total Debt |
| 39.02K | 67.28K | 63.92K | 52.76K | 0.00 | 0.00 | Net Debt |
| -4.04M | -1.51M | -1.57M | -3.05M | -3.76M | -798.66K | Total Liabilities |
| 555.58K | 594.75K | 496.75K | 194.18K | 95.38K | 763.26K | Stockholders Equity |
| 12.09M | 9.49M | 6.43M | 4.79M | 4.82M | 35.39K |
| Cash Flow | Free Cash Flow | ||||
| -1.97M | -1.52M | -3.49M | -1.45M | -2.69M | -67.83K | Operating Cash Flow |
| -1.14M | -1.52M | -3.43M | -690.88K | -1.74M | -67.83K | Investing Cash Flow |
| -1.92M | -2.44M | -3.60M | -756.15K | -957.84K | 0.00 | Financing Cash Flow |
| 6.93M | 3.86M | 5.56M | 790.50K | 5.66M | 710.71K |
Millennial Potash Technical Analysis
Millennial Potash Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
49 Neutral | C$31.48M | ― | -33.36% | ― | ― | ― | |
48 Neutral | $1.92B | -1.99 | -22.85% | 3.95% | 0.94% | -27.31% | |
43 Neutral | C$60.87M | ― | -39.86% | ― | ― | 52.58% | |
43 Neutral | C$7.73M | ― | -29.25% | ― | ― | -16.48% | |
42 Neutral | C$30.02M | ― | -33.12% | ― | -42.96% | -110.04% |
Millennial Potash Corporate Events
Millennial Potash Corp. has commenced its Phase 2 drilling program at the Banio Potash Project in Gabon, involving two specific drill holes aimed at expanding the project’s potash resources. The program’s success could significantly increase the project’s resource estimates and enhance its feasibility study, potentially impacting the company’s market position and resource valuation.
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.
Millennial Potash Corp. has announced an increase in its private placement, raising the total proceeds to $4,929,200 from the issuance of 8,215,333 units. The funds will be allocated towards further exploration and development of the Banio Potash Project and general working capital, potentially strengthening the company’s operational capabilities and market position.
Millennial Potash Corp. has announced a private placement of 5,833,333 units to raise $3,500,000, with each unit priced at $0.60. The funds will support the further exploration and development of the Banio Potash Project and general working capital. An insider is participating in the transaction, which is considered a related party transaction but is exempt from certain regulatory requirements. The private placement is subject to approval by the TSX Venture Exchange, potentially impacting the company’s operational capabilities and market positioning.
Millennial Potash Corp. has initiated preliminary environmental baseline studies at its Banio Potash Project in Gabon, partnering with Terea Environmental to conduct soil and water sampling. These studies are a crucial step towards obtaining a mining license and demonstrate the company’s commitment to environmental protection, aligning with Gabonese government standards. The data collected will inform a full Environmental Social Impact Assessment (ESIA) planned for 2025, with ongoing consultations with Gabon’s Ministry of the Environment and other stakeholders to ensure compliance with international standards.
Millennial Potash Corp. has applied to extend the expiry date of 3,591,500 share purchase warrants from February 28, 2025, to February 28, 2028, maintaining the exercise price at 75 cents per share. This extension, which involves warrants held by related parties, is considered a related-party transaction, but the company is exempt from certain regulatory requirements due to the market value of the warrants held by insiders not exceeding 25% of its market capitalization.
Millennial Potash Corp. has successfully closed the second tranche of a private placement, raising a total of $3,793,200. The funds will be utilized for exploration and development activities at the Banio Potash Project and general working capital. The completion of this tranche was contingent upon shareholder approval for The Quaternary Group Ltd. to become a control person of the company, which has now been secured. This development signifies a strategic step for Millennial Potash in bolstering its project capabilities and potentially expanding its market influence.