Monumental Minerals Advancing Jemi HREE Project in Booming Rare Earths Sector

Monumental Minerals (TSX-V: MNRL) — currently trading around C$0.35 per share — has completed its airborne magnetic and radiometric geophysical survey over its early-stage Jemi Heavy Rare Earth Element (HREE) project located in Coahuila, Mexico… just a stone’s throw from the Texas border.

The company has flown approximately 1,100 km of line with initial results expected in days to be followed by a full geophysical report in the coming weeks. 

Monumental Minerals founder, Max Sali, commented via press release: 

"As this survey is now completed, our technical team will be doing a site visit at the Jemi project to collect additional samples towards target definition for an upcoming drill program, which we are fully permitted for. The spot prices of rare earth elements currently present at Jemi have increased up to more than fourfold over the past 18 months, and they have outperformed every other element except for lithium. We are very excited about the potential value Jemi can bring to shareholders in the coming months."

As you’re about to discover via our exclusive interview with newly-appointed Monumental Minerals CEO, Dr. Jamil Sader, there are a ton of tailwinds forming in the global rare earths space with important near and long-term consequences for North America and particularly for the US defense sector and as well for automobile manufactures, of which nearly all are focused on converting their fleets to EVs.

As a result, demand for rare earth minerals is set to expand at an estimated Compound Annual Growth Rate (CAGR) of 10.8% — reaching more than US$19.8 billion by 2026. And as Max Sali just noted, the spot prices for the HREE elements present at Jemi are up more than fourfold in just the last couple of years. 

That level of projected demand growth — coupled with almost zero current North American production, especially in the heavy rare earths — is a growing national security concern Monumental Minerals (TSX-V: MNRL) could potentially help solve with the advancement and future potential development of the strategically located Jemi HREE project.

If the current macro trend is anything like the previous rare earths boom we witnessed back in 2010-11, we could be setting up for a very dramatic and even more sustainable rise in value for select rare earths exploration stocks. And in particular those with high-potential rare earths projects on North American soil such as MNRL and its strategically located Jemi HREE project. 

Yours in profits,

Mike Fagan
Editor, Resource Stock Digest

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