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An announcement from Millennial Potash ( (TSE:MLP) ) is now available.
Millennial Potash Corp. has successfully closed the second tranche of a private placement, raising a total of $3,793,200. The funds will be utilized for exploration and development activities at the Banio Potash Project and general working capital. The completion of this tranche was contingent upon shareholder approval for The Quaternary Group Ltd. to become a control person of the company, which has now been secured. This development signifies a strategic step for Millennial Potash in bolstering its project capabilities and potentially expanding its market influence.
More about Millennial Potash
Millennial Potash Corp. operates in the potash industry, focusing on the exploration and development of potash resources. The company is engaged in the Banio Potash Project, aiming to enhance its market presence in the potash sector.
YTD Price Performance: 13.04%
Average Trading Volume: 62,101
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$29.97M
See more insights into MLP stock on TipRanks’ Stock Analysis page.
