Modern technologies need rare earths. The world’s population needs food.

In the frosty environment of Spitsbergen, the seed vault has celebrated its 15th birthday. Inside a mountain lies this treasure trove, filled with seeds of fruit and vegetable plants as well as other crops and useful plants, secured and preserved for the future. The seeds of more than 6,000 plant species are frozen for emergencies. To ensure that the world’s growing population can be fed in the 21st century, fertilizers such as potash, which is in robust demand, are used worldwide. Potash prices soared in the first half of 2022, then large investments by potash companies ensured more supply. At the same time, economic sanctions against Russia and Belarus led to higher prices and falling demand. In the longer term, however, demand for potash is unbroken. A top potash-producing country is Canada. There are also potash deposits in Africa, for example.

This is where Millennial Potash’s – Banio Potash project is located, namely in Gabon. Historical drilling has already confirmed promising potash deposits.

Rare earths are a special group of raw materials. They are used in many key technologies, for example in monitors, electric motors and wind turbines. Neodymium, for example, is needed for permanent magnets. The largest deposits of rare earths are in China.

Neodymium has Green Shift Commodities in its Berlin project in Colombia. Nickel, phosphate, uranium and vanadium are also included. Vanadium, by the way, is used in steel production and mostly for alloys.

Current corporate information and press releases from Millennial Potash (- -).

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