Millennial Potash Corp announced a private placement of 8,000,000 units at a price of CAD 0.25 per unit for gross proceeds CAD 2,000,000 on June 3, 2024. Each Unit will consist of one common share and one-half of one common share purchase warrant with each whole warrant entitling the holder to purchase one common share at an exercise price of CAD 0.35 for a period of 24 months following closing of the Private Placement. All of the common shares issued pursuant to the Private Placement, including any common shares that are issued pursuant to the exercise of Warrants, will be subject to a hold period of four months from the closing of the Private Placement.

Commissions of seven (7%) percent cash and warrants equal in number to 7% percent of the number of Units placed are payable on a portion of the Private Placement. Each Commission Warrant is exercisable for a period of three years at an exercise price of CAD 0.35 per common share. The transaction is subject to TSX Venture Exchange approval.