Mike Fagan,
Editor
March 29, 2022
Green-energy metals explorer Monumental Minerals Corp. (TSX-V: MNRL)(OTC: MNMRF) — currently trading around C$0.50 per share — will be conducting site visits at the flagship Jemi heavy rare earth element (HREE) project, Mexico, and the Salar De Laguna Blanca cesium-lithium brine project, Chile, starting in April.
Monumental recently completed an airborne magnetic and radiometric geophysical survey at the Jemi HREE project, the results of which will be used to delineate high-priority drill targets as the team further surveys the property.
And at the Salar de Laguna Blanca cesium-lithium project — where Monumental can earn-in up to 75% from Lithium Chile Inc. — teams from both companies will be present at next month’s site visit, which will be used to collect surface samples for mineralogical testing and to assess additional work programs and potential drill locations.
Monumental Minerals CEO Dr. Jamil Sader commented via press release:
“Our site visits in April at both Monumental’s Jemi heavy rare earth project, and the Laguna Blanca cesium-lithium brine project will allow us to prepare well-planned exploration programs, including drilling, at both projects. We are excited to get boots-on-the-ground and to further demonstrate the value that both of these projects have in the critical metals space.”
Following months and months of relatively quiet, yet crucial behind-the-scenes work, Monumental is finally moving into what should prove to be an exciting phase of boots-on-the-ground exploration, and drilling, at both projects.
And the timing is spot on with rare earths and lithium prices soaring as a result of powerful demand growth for these metals due to their critical applications in the defense and automobile sectors — particularly EVs.
If you’ve been following the headlines, you know China controls the rare earths market to the tune of about 85%. Thus, having a high-potential HREE exploration project on North American soil — just a stone’s throw from the Texas border — puts Monumental at the forefront of rare earth metals exploration outside of China.
And in terms of lithium, there’s no better mining address on the planet for lithium brine exploration than the Lithium Triangle of Chile, Argentina, and Bolivia — particularly Chile, the world’s second-largest lithium producer behind only Australia.
For speculators seeking exposure to green-energy metals via an early-stage explorer, Monumental Minerals — with its miniscule C$12 million market cap — is quickly emerging as one-to-watch in the junior space.
Ultimately, it’s the drills — aka truth machines — that will tell the full story. And by all accounts, Monumental, which is led by experienced mining professionals with a track record of success, is heading in that direction at both Jemi and Laguna Blanca.
Now’s a great time to be taking a closer look at Monumental Minerals Corp. Check out our feature report here and access our exclusive interviews with top management here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest