Millennial Potash Corp (MLPNF) Fair Value & Analysis
Basic Materials · US · Market cap $155M
Millennial Potash Corp
MLPNF · US
Fair value as of: Jun 24, 2026
From 2 valuation models · updated 22 days ago
Share price +2.2% over the past month.
Price vs Fair Value (12 months)
12‑month range $1.06 – $2.84 · fair‑value band $0.3400 – $0.5695 · the $1.42 price screens above the $0.4590 fair value. As of Jun 24, 2026.
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Millennial Potash Corp (MLPNF) currently trades at $1.42, while our model-based Fair Value estimate is $0.4590, implying the stock looks roughly 67.7% overvalued today. We read business quality at 22/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
It earns a return on equity of -31.8%. Fundamentals as of Jun 24, 2026
Our scenario range runs from $0.3400 (bear case) to $0.5695 (bull case); at $1.42, the current price sits above that range. The share trades about 52% below its 52-week high and 61% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -36% fair-value upside, at -68%, MLPNF screens richer than that median.
Key figures & financial health
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
Millennial Potash Corp. engages in the acquisition, exploration, and development of mineral properties with a primary focus on potash deposits. It holds an option to acquire a 100% interest in the Banio Potash project located on the Atlantic coast of Gabon, Western Africa. The company was formerly known as Black Mountain Gold USA Corp. and changed its name to Millennial Potash Corp. in January 2023. Millennial Potash Corp. was incorporated in 2015 and is headquartered in Vancouver, Canada.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Millennial Potash Corp reported revenue of $0 in FY2025 versus $0 in FY2021. Reported net income was −$5.9M in FY2025.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.