West Vancouver, British Columbia — January 13, 2026 — Leads & Copy — Millennial Potash Corp. has initiated a Definitive Feasibility Study (DFS) at its Banio Potash Project in Gabon.
The company has engaged ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH (ERCOSPLAN), a global potash specialist consulting company with experience in the West African Potash Basin, to complete an AACE Class 3 Definitive Feasibility Study for the Banio Potash Project.
Millennial’s Chair, Farhad Abasov, said that the company is pleased to have initiated the DFS at Banio after completing its recent Mineral Resource Estimate which yielded Measured + Indicated Mineral Resources totaling 2,453 Billion tonnes grading 16.6% KCl, and Inferred Resource totaling 3,559 Billion tonnes also grading 15.6% KCl.
Abasov added that the launch of the feasibility study and recently initiated ESIA mark the transition from the exploration to the development stage.
The company is looking forward to working with ERCOSPLAN as it continues to develop the Banio Potash Project in preparation for its Mining License application. The company is fully funded to complete the DFS and all associated trade-off studies in partnership with US International Development Finance Corporation (DFC) which has committed US $3M to cover the Feasibility Study costs.
Additional details regarding the Mineral Resource Estimate can be found in the Company’s news releases dated December 29, 2025 and November 17, 2025.
The DFS will evaluate a solution mining operation with a base production scenario of 800,000 Tonnes Per Year (TPY) as well as significantly larger production rates of Muriate of Potash (MOP). Several technical and trade-off studies are currently in progress including dissolution tests, hydrogeological studies, creep tests, cold vs. hot leaching evaluations, port options for the project as well as high purity salt marketing studies.
The DFS will run in parallel to the Company’s recently announced ESIA as both are expected to be completed in H2 2026 and will be presented to the government of Gabon as part of the Company’s application for a Mining License. The Company will continue with further drilling as well.
Peter J. MacLean, Ph.D., P. Geo, Director of the Company, and a Qualified Person as defined in National Instrument 43-101, has reviewed and approved the information in this news release.
To find out more about Millennial Potash Corp. please contact Investor Relations at (604) 662 8184 or email at info@millennialpotash.com.
Farhad Abasov, Chair of the Board of Directors
Source: Millennial Potash Corp.
