US DFC Invests $3M in Gabon Potash Project Supporting African Food Security

Millennial Potash Corp. has secured a strategic investment of up to $3 million from the U.S. International Development Finance Corporation (DFC) to support a feasibility study for its Banio Potash Project in Gabon. This milestone-based, no-interest funding aims to advance the project from exploration to development, contributing to food security in Africa by enabling local potash production for fertilizer use. The investment was formalized at a signing ceremony in Washington D.C., attended by Gabon's President Brice Oligui Nguema, reflecting strong government support. Millennial's Chair, Farhad Abasov, emphasized that the DFC investment de-risks the project and positions it as strategically important not only for Africa but for global potash markets. The involvement of the U.S. Ambassador to Gabon and ongoing technical progress further underscore international backing and the project's potential impact on agricultural supply chains. Early feasibility work, including LiDAR and geotechnical surveys, is already underway as Millennial prepares for a bankable feasibility study and subsequent financing stages.