Millennial Potash Raises $18.3 Million to Advance Banio Project

Claim 50% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potentialMillennial Potash ( (TSE:MLP) ) just unveiled an announcement. 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. Spark’s Take on TSE:MLP Stock According to Spark, TipRanks’ AI Analyst, TSE:MLP is a Neutral. The score is primarily constrained by weak financial performance (pre-revenue, widening losses, and ongoing cash burn) despite a low-debt balance sheet. Technicals are supportive with price above major moving averages and positive momentum, while corporate events add upside from resource upgrades and permitting progress. Valuation remains unfavorable because losses drive a negative P/E and there is no dividend support. To see Spark’s full report on TSE:MLP stock, click here. More about Millennial Potash Millennial Potash Corp. is a Canadian potash development company focused on advancing its Banio Potash Project, positioning itself within the fertilizer and agricultural inputs sector. Listed on the TSX Venture Exchange, OTCQB and Frankfurt exchange, the company is progressing technical and feasibility work aimed at de-risking and advancing its flagship potash asset. Average Trading Volume: 452,629 Technical Sentiment Signal: Buy Current Market Cap: C$319.4M