Overview

Millennial Potash Corp. (TSX.V: MLP) announced the completion of a “Bought‑Deal” private placement and the filing of its first‑quarter 2025‑11 financial results on 29 January 2026. The company is a potash exploration firm focused on the Bano potash project in Gabon and serves customers in Canada.

Private Placement and LIFE Offering

  • On 29 January 2026 the company closed a Bought‑Deal Life Offering of 5,750,000 units at a price of $3.05 per unit.
  • The total gross proceeds from the offering were $18,287,500 (17,537,500 USD from the LIFE Offering plus 750,000 USD from a concurrent non‑brokered private placement).
  • The transaction was completed in accordance with Canadian securities regulations and was announced through a press release distributed by Newsfile Corp.

First‑Quarter 2025‑11 Financial Results

  • Millennial Potash presented its financial results for the quarter ended 30 November 2025 at a TSX Venture Exchange conference held on 28 January 2026.
  • Earnings per share (EPS) for the quarter were –0.04 CAD.
  • The prior‑year EPS for the same period was –0.01 CAD, indicating a slight increase in operating loss.
  • The company disclosed the results in a press release distributed to German financial news services (finanznachrichten.de).

Market Position and Recent Trading Activity

  • As of 27 January 2026 the closing share price was 2.91 CAD.
  • The 52‑week high reached 3.98 CAD on 21 December 2025, while the 52‑week low was 0.37 CAD on 9 February 2025.
  • Market capitalization stood at 319,400,224 CAD.
  • The company’s price‑earnings ratio is –43.11, reflecting the negative earnings reported in the latest quarter.

Strategic Implications

The capital raised through the private placement provides financing for the ongoing environmental and feasibility studies of the Bano potash project. The company’s leadership has indicated that the funding will support the transition from exploration to development activities.

All figures are reported in the company’s official communications and are sourced from the press releases and financial news outlets referenced in the input data.