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Millennial Potash
(MLP)
Millennial Potash (MLP) vs. iShares MSCI Canada ETF (EWC)
Millennial Potash Business Overview & Revenue Model
Millennial Potash Financial Statement Overview
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -112.20K | -105.88K | -101.61K | -60.16K | -39.25K |
| EBITDA | -5.80M | -1.44M | -4.58M | -1.35M | -39.15K |
| Net Income | -5.93M | -3.19M | -4.70M | -1.41M | -2.13M |
Balance Sheet | |||||
| Total Assets | 33.62M | 12.27M | 6.92M | 4.99M | 4.91M |
| Cash, Cash Equivalents and Short-Term Investments | 17.49M | 1.57M | 1.63M | 3.10M | 3.76M |
| Total Debt | 442.34K | 67.28K | 63.92K | 52.76K | 0.00 |
| Total Liabilities | 1.12M | 594.75K | 496.75K | 194.18K | 95.38K |
| Stockholders Equity | 30.05M | 9.49M | 6.43M | 4.79M | 4.82M |
Cash Flow | |||||
| Free Cash Flow | -2.19M | -1.52M | -3.49M | -1.45M | -2.69M |
| Operating Cash Flow | -1.95M | -1.52M | -3.43M | -690.88K | -1.74M |
| Investing Cash Flow | -4.75M | -2.44M | -3.60M | -756.15K | -957.84K |
| Financing Cash Flow | 22.49M | 3.86M | 5.56M | 790.50K | 5.66M |
Millennial Potash Technical Analysis
Millennial Potash Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | C$67.61M | -15.22 | -29.75% | ― | ― | 35.92% | |
49 Neutral | C$228.75M | -8.30 | -374.32% | ― | ― | 30.83% | |
48 Neutral | C$54.50M | -3.09 | -53.49% | ― | ― | -119.53% | |
48 Neutral | C$882.63M | -30.84 | -31.25% | ― | ― | -130.77% | |
45 Neutral | C$211.97M | -24.95 | -39.03% | ― | ― | -0.74% |
Millennial Potash Corporate Events
Millennial Potash Corp. reports steady advancement at its Banio Potash Project in Gabon, with its Definitive Feasibility Study and Environmental and Social Impact Assessment on track for completion by the end of 2026. The work, led by ERCOSPLAN and Artelia, includes engineering trade-off studies, geotechnical and environmental field programs, and specialized testing to determine the optimal process design for solution mining and processing of carnallitite.
The company is also preparing a resource expansion drilling campaign on the new Haute Banio license, with drilling access infrastructure in place and completion targeted for the third quarter of 2026 to support an updated mineral resource estimate. In parallel, Millennial is evaluating port options near Mayumba for potash exports and is in talks with international financial institutions for construction financing, underscoring an aggressive push toward project development amid strong global interest in potash and fertilizers.
The most recent analyst rating on (TSE:MLP) stock is a Sell with a C$2.00 price target. To see the full list of analyst forecasts on Millennial Potash stock, see the TSE:MLP Stock Forecast page.
Millennial Potash hosted Gabon’s Minister of Mines and Geological Resources at the PDAC conference in Toronto, underscoring Gabon’s push to attract responsible mining investment as it shifts its economy away from reliance on oil and gas. The minister held meetings with North American financial institutions and media to promote the country’s openness to value-creating projects, highlighting Millennial and its U.S. DFC-backed Banio Potash Project as a development model.
The Banio Potash Project has substantial measured, indicated, and inferred mineral resource estimates, reinforcing its potential strategic importance within the global potash sector and for Gabon’s economic diversification. Millennial has moved the asset from early exploration to feasibility stage in under three years and has launched a Definitive Feasibility Study and an Environmental and Social Impact Assessment, both targeted for completion in the second half of 2026 to support its mining license application and advance project development.
The most recent analyst rating on (TSE:MLP) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Millennial Potash stock, see the TSE:MLP Stock Forecast page.
Millennial Potash has expanded its land position at the Banio Potash Project in southern Gabon by securing the Haute Banio exploration permit, increasing its total exploration ground by about 20% to roughly 1,500 square kilometres. The new permit is contiguous with the core Mayumba permit, stretches to the Atlantic coastline and the Republic of Congo border, and is valid for three years with options for two three-year renewals.
The permit is strategically important as it covers the potential westward extension of the existing Mayumba mineral resource area and key infrastructure, including a coastal road linking the project to Mayumba and the local airport, as well as direct ocean access. Millennial plans a comprehensive exploration program with geological and geophysical studies, seismic re-interpretation, drilling in the second half of 2026, and a combined updated mineral resource estimate, moves that could enhance the Banio project’s development prospects and logistical flexibility.
The most recent analyst rating on (TSE:MLP) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Millennial Potash stock, see the TSE:MLP Stock Forecast page.
Millennial Potash Corp. has appointed veteran engineer and executive Jack Scott as Senior Vice President, Project Development, to lead financing, infrastructure development and offtake agreements for its Banio Potash Project in Gabon, reinforcing the company’s technical and financial capabilities as it advances its Definitive Feasibility Study. The company also clarified the terms of commissions paid in connection with its recently closed concurrent private placement, detailing cash and warrant compensation to Ventum Capital Corp., underlining continued progress on securing capital for the project’s development.
The most recent analyst rating on (TSE:MLP) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Millennial Potash stock, see the TSE:MLP Stock Forecast page.
Millennial Potash Corp. has raised a total of $18.29 million through a $17.54 million bought-deal listed issuer financing exemption (LIFE) private placement led by Cantor Fitzgerald and SCP Resource Finance, alongside a $750,000 concurrent non-brokered private placement. The financing, which included the full exercise of the underwriters’ option, was completed via units comprising common shares and warrants and will fund a definitive feasibility study for the Banio Potash Project, as well as general working capital, while also supporting ongoing technical programs such as an ESIA and Stage 3 drilling, which the company believes will significantly de-risk the project and underpins institutional investor confidence ahead of final TSX Venture Exchange approval.
The most recent analyst rating on (TSE:MLP) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Millennial Potash stock, see the TSE:MLP Stock Forecast page.
Millennial Potash Corp. has launched a non-brokered private placement of approximately 245,900 units at $3.05 per unit to raise about $750,000, concurrent with its recently upsized LIFE Financing that now totals $17.54 million, bringing combined gross proceeds from the financings to roughly $18.29 million. The new capital will support further development of the Banio Potash Project, including a definitive feasibility study and environmental and social impact work, while also bolstering the company’s balance sheet at a crucial stage as it advances offtake discussions, project financing and other strategic initiatives, reinforcing investor confidence in its potential to emerge as a major potash supplier to key global markets.
The most recent analyst rating on (TSE:MLP) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Millennial Potash stock, see the TSE:MLP Stock Forecast page.
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.
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.
Millennial Potash Corp. has filed an updated National Instrument 43-101 compliant technical report for the North Target of its Banio Potash Project in Gabon, detailing a new mineral resource estimate effective November 11, 2025. The updated estimate, prepared by ERCOSPLAN and approved by qualified persons, outlines measured and indicated resources totaling approximately 2.45 billion tonnes grading 15.61% KCl, plus an inferred resource of about 3.56 billion tonnes at a similar grade, strengthening the project’s resource base and providing a more robust foundation for future technical, economic and strategic planning.
The most recent analyst rating on (TSE:MLP) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Millennial Potash stock, see the TSE:MLP Stock Forecast page.