Millennial Potash Says Gabon Has Not Adopted 20% Production-Sharing Proposal for Banio Project

Bitget2026/11/05 13:49

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Millennial Potash clarified on November 5, 2026, that Gabon has not adopted proposed production-sharing changes, following concerns over its Banio Potash Project.
A possible 20% state production share remains preliminary, with no terms or percentage defined; the current code provides a 10% free-carried interest.
Future revisions would not apply to exploration permit holders or projects in exploration, whose existing legal and contractual frameworks would remain intact.
Gabon’s Ministry of Mines reaffirmed support for Banio’s development and fair economic treatment under any negotiated fiscal terms.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Millennial Potash Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202611050847NEWSFILECNPR____20261105_322687_1) on November 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Millennial Potash Says Gabon Has Not Adopted 20% Production-Sharing Proposal for Banio Project

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