Mike Fagan,
Editor
June 22, 2022
Green-energy metals explorer Monumental Minerals Corp. (TSX-V: MNRL)(OTC: MNMRF) — currently trading around C$0.30 per share — has confirmed significant rare earth grades at its fully-permitted and drill-ready Jemi Heavy Rare Earth Element (HREE) project in Coahuila State, Mexico.
Highlights from rock grab samples include 0.54% total rare earth oxide and 0.26% heavy rare earth oxide.
The results represent some of the highest HREE grades sampled to-date and reinforce Monumental’s understanding of the controls on mineralization while pointing to the potential for the discovery of new zones of HREE mineralization at Jemi.
Monumental Minerals CEO Dr. Jamil Sader commented via press release:
“We are excited by the significance of the rock grab sample results released today, in that they confirm the presence of economically significant HREE values and the right rock type. They also confirm the highest HREE values returned to date at Jemi, and establish the potential for multiple underexplored new zones of mineralization not previously recognized. We look forward to commencing our expanded program of geologic mapping, surface geochemical sampling and ground radiometric geophysical surveying in the coming weeks to define targets for diamond drill testing as early as late Q3.”
An important characteristic of the Jemi HREE project is its heavy rare earth minerals signature, which includes a combination of dysprosium and terbium — among other rare earth elements.
Compared to the light rare earth minerals — such as what MP Materials is mining in the California desert — these heavies are some of the most critical to our defense sector and, henceforth, our national security. They’re also used in the production of high-performance magnets for EVs.
As a result, demand for rare earth minerals is expected to expand at an estimated Compound Annual Growth Rate (CAGR) of 10.8% — reaching more than US$19.8 billion by 2026.
That level of demand growth coupled with almost zero current North American production is a growing national security concern Monumental Minerals could potentially help solve with the advancement of the strategically located Jemi HREE project, which lies just 40 km south of the Texas, USA border.
Phase-two of the exploration program at Jemi is slated to start within the next couple of weeks. And on top of that, the company is advancing a quality lithium brine project in a very prolific lithium mining address in the Chile portion of the Chile-Argentina-Bolivia Lithium Triangle.
Our own Gerardo Del Real of Junior Resource Monthly caught up with Monumental Minerals founder and director Max Sali for an in-depth discussion on all-things MNRL plus a look at the green energy metals super-bull we’re just now entering. Enjoy!
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
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