On November 6, 2025, the US Geological Survey (USGS) added potash to its official 2025 List of Critical Minerals, spurring fresh investor interest across the global fertilizer sector. The move reflects heightened supply-chain scrutiny as potash, vital for food security, has long been dominated by Canada, Russia, and Belarus. As a mineral that is seen as high risk due to supply constraints, its inclusion unlocks US incentives and permitting support.
Millennial Potash (TSX-V: MLP), developer of the Banio Potash Project in Gabon, welcomed the classification. On November 10, the company confirmed a US $3 million commitment from the US International Development Finance Corporation (DFC) toward Banio—intended for feasibility work. Initially announced in July, the funding was formalized during a Washington, D.C. signing ceremony attended by the President of Gabon, reinforcing political backing.
Farhad Abasov, Chair of Millennial Potash commented, “The official recognition of potash as a critical mineral by the US government is a major milestone for our industry. For Millennial, it highlights Banio’s unique position as a potential new, low-cost supply source of potash for the US agricultural sector and beyond. With the US DFC funding in place, strong support from the Government of Gabon, and our project’s direct shipping route to US ports, Banio is strategically aligned with America’s food security and supply chain priorities. In addition, Banio can potentially become the first African potash mine to supply potash to the African continent which currently imports all its potash. It is great to see the Financial Times (Nov.7, 2025) talking about the DFC’s role in mining projects in Africa including its project development funding for Millennial Potash. The timing of the decision to add potash to the critical minerals list is important as we are gearing up to complete our revised Mineral Resource Estimate in coming weeks.”
With US policy tailwinds, DFC backing and active investor outreach, Millennial Potash is positioning Banio as a low-cost, strategically aligned supplier in the latest chapter of the global fertilizer transformation.
Millennial Potash will be taking exclusive meetings at the upcoming 121 Mining Investment Dubai event, running from 26-27 November at the Ritz-Carlton, DIFC, Dubai. To hear more about the Banio Project or to learn more about investment opportunities, register now to secure your spot at the event and a meeting with Millennial Potash: https://dubai.121mininginvestment.com/page/plan-your-visit
