Millennial Potash has recently acquired the Banio Potash Project in Gabon. The Gabon coastline is rich in potash deposits, presenting a possibly unique opportunity for the global potash supply chain. The country is estimated to have over two billion tons of potassium salts, making it one of the largest potash basins in the world.

Due to its strategic location on the Atlantic coast of Africa, Gabon has a significant cost advantage due to its proximity to major potash markets, making it an attractive source of potash for the key importing markets of Brazil, Asia, and Europe. Acquiring the basin in Gabon would certainly seem like a highly strategic choice, and Millennial Potash's Board and Management team is really what sets the company apart from competitors. The board is led by Farhad Abasov, Graham Harris, Peter MacLean, and Jason Wilkinson.

The team members collectively have successfully built and exited multiple resource companies. Millennial Lithium was the most recent success. In January 2022, Millennial Lithium was acquired by Lithium Americas for $491 million.

The management team built it up from a small market cap of $30 million. Prior to Millennial Lithium's acquisition, the Board members had built and later sold a Canadian junior miner company by the name of Allana Potash Corp. to the fertilizer giant Israel Chemicals Ltd. The team had also previously sold Potash One to a German fertilizer group in a $434 million deal.

The company's track record of highly profitable mergers and acquisitions creates a promising outlook for the Banio Potash Project. The team's combined experience in potash and other large mining projects will be instrumental to the project's success.