Millennial Closes "Bought Deal" LIFE Offering of $17,537,500 and Concurrent Non-Brokered Private Placement for Total Proceeds of $18,287,500

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[{"type":"text","content":"NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES","length":97,"tagName":"p","attribs":{}},{"type":"text","content":"West Vancouver, British Columbia--(Newsfile Corp. - January 29, 2026) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company") is pleased to announce that it has closed its previously announced "bought deal" private placement offering (the "LIFE Offering") of 5,750,000 units of the Company (the "LIFE Units") at a price of $3.05 per LIFE Unit (the "Offering Price") for gross proceeds of $17,537,500, including the full exercise of the option granted to the syndicate of Underwriters (as defined below) to purchase up to an additional 15% of the LIFE Units sold under the LIFE Offering.","length":703,"tagName":"p"},{"type":"text","content":"The LIFE Offering was led by Cantor Fitzgerald Canada Corporation ("Cantor"), as lead underwriter and sole bookrunner, on its own behalf and on behalf of SCP Resource Finance LP (together with Cantor, the "Underwriters").","length":241,"tagName":"p"},{"type":"text","content":"The Company is also pleased to announce that, concurrent with the closing of the LIFE Offering, the Company closed the previously announced non-brokered private placement offering (the "Non-LIFE Offering) of 245,901 additional units of the Company (the "Non-LIFE Units") at the Offering Price for additional gross proceeds of $750,000.","length":350,"tagName":"p"},{"type":"text","content":"Each LIFE Unit and Non-LIFE Unit (collectively, the "Units") consisted of one common share of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each full warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $4.00 for a period of 36 months from the closing date.","length":392,"tagName":"p"},{"type":"text","content":"The net proceeds from the sale of the Units will be used by the Company for the costs for a definitive feasibility study for its Banio Potash Project as well as other uses, including for general working capital.","length":211,"tagName":"p"},{"type":"text","content":"The LIFE Units were issued p...

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