Mike Fagan,
Editor
April 12, 2024
Green-energy metals explorer Monumental Energy Corp. (TSX-V: MNRG)(OTC: MNMRF) — currently trading undiscovered around C$0.10 per share — has announced its intent to option its Chile-based Turi lithium-brine exploration project to Summit Nanotech for C$725,000 in cash plus a 2% net smelter return.
Terms of the option agreement are available here. The deal will enable the MNRG team to increase its focus on the flagship, Chile-based Laguna Blanca lithium-brine project.
Laguna Blanca, which also includes potential for significant cesium mineralization, is located within the Chile portion of the prolific Lithium Triangle, which spans parts of Chile, Argentina, and Bolivia and is estimated to contain more than half of the world’s lithium supply beneath the many salt flats, or “salars” that are common to the region.
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In terms of the ongoing development at Laguna Blanca, Monumental Energy has prepared a filing for the Environmental Assessment Service (EAS) confirming that the project does not require specific Environmental Approval. MNRG anticipates constructive discussions with the Community and advancing cooperative endeavors aimed at the sustainable development of the project.
MNRG also maintains a strategic interest in New Zealand Energy Corp. (NZEC). As the second-largest current shareholder in NZEC, Monumental is positioned to potentially reap significant benefits from this investment as NZEC advances its portfolio of permitted land holdings and previously operational oil wells in the onshore New Zealand oil and gas sector.
You’ll be hearing more about that in our exclusive interview with Monumental Energy founder Mr. Max Sali coming right up.
Additionally, last year, Monumental completed a maiden drill program at its Jemi heavy rare earth element (HREE) project located in northern Coahuila State, Mexico, about 30 miles south of the south Texas border. The program returned anomalous rare earth element concentrations in 186 meters core, confirming that Jemi remains a highly prospective target for rare earth elements.
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As promised, our own Gerardo Del Real of Junior Resource Monthly caught up with Monumental Energy founder Max Sali for a timely update on all the happenings surrounding MNRG’s multi-project portfolio of early-stage exploration projects, as well as its strategic investment in New Zealand Energy. Please enjoy!
For more on Monumental Energy, be sure to contact the company’s IR department at 604-367-8117 or via email at info@monumental.energy.
Visit the Monumental Energy corporate website and sign up to receive updates directly from the company here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest