Family Offices Build Stake in Miner After Stock Soars 900%


The investment push is led by The Quaternary Group, a Singapore-based investment entity representing Ross Hamou-Jennings, the former Asia chairman of Cargill Inc., the commodities and agriculture giant. Quaternary owns roughly 25% of the potash miner, and 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 niche market where global powers like the US and China lack self-sufficiency. The US added potash to its list of critical minerals in November, boosting Millennial’s shares.



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