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Millennial Potash Corp
Symbol MLP
Shares Issued 118,213,207
Close 2026-05-14 C$ 2.45
Market Cap C$ 289,622,357
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FP/wire say family offices build stake in Millennial

2026-05-14 09:18 ET - In the News

The Financial Post reports in its Thursday, May 14, edition that after a 900-per-cent rally in Millennial Potash last year, family offices are now entering the risky world of early-stage mining ventures. A Bloomberg dispatch to the Post reports that Millennial has attracted a group of ultra-high-net-worth clans that are increasingly bypassing traditional funds to take direct stakes in critical resources. Millennial is developing a potash project in Gabon and has no other revenue. Millennial chair Farhad Abasov says: "We have actually seen very unusual interest coming from family offices. Usually, we don't see a lot of this capital coming into the junior mining sector." The investment push is led by the Quaternary Group, a Singapore-based investment entity representing Ross Hamou-Jennings, the former Asia chair of Cargill. Quaternary owns 25 per cent of the potash miner, and Mr. Hamou-Jennings is using his industry knowledge to bridge a valuation gap he identified in the company. He views potash as an essential, $30-billion (U.S.) niche market where global powers like the United States and China lack self-sufficiency. The U.S. added potash to its list of critical minerals in November, boosting Millennial's shares.

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