VANCOUVER, BC , Sept. 13, 2023 /CNW/ - Monumental Minerals Corp. (" Monumental " or the " Company ") (TSXV: MNRL) (FSE: BE5) is pleased to announce the appointment of Wasim Rehman to the board of directors.
Wasim Rehman has more than 20 years of experience in financial markets and is the founding partner of FWE Group and an active private investor with a keen interest in the raw critical metals space. Mr. Rehman is a significant shareholder of Monumental, having participated in the most recent strategic financing.
He focuses on assets created from the 2008 Global Financial Crisis, including illiquid special situations but also invests in more traditional assets such as equities, fixed income and funds. Over the past decade, he has invested in over 200 hedge funds in liquidation, purchasing over 4,000 line items and has been a counterparty to 20 out of the top 25 Hedge Fund investors globally.
Prior to FWE Group, Wasim was Partner and Head of Risk Management at Marshall Wace Asset Management, and played a lead role in developing the quantitative research platform TOPS. He began his career at Goldman Sachs in Equities Trading. Wasim holds a first class degree in Mathematics from Cambridge University .
Jamil Sader , Monumental's CEO comments:
" We are thrilled to have Mr. Rehman join the Monumental Board. His experience and expertise in capital markets and management adds significant depth to the company. We look forward to the knowledge and guidance that Mr. Rehman brings in defining our strategy and future of Monumental Minerals. "
Monumental Minerals Corp. is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties in the critical and electric metals sector. The Company's flagship asset is the Jemi HREE project located in Coahuila, Mexico near the Texas, USA border, which the Company has an option to acquire 100% of the 3,650-hectare project. The Company has an option to acquire a 75% interest and title to the Laguna Blanca project located in Chile ; and the Company has an option to acquire a 50.01% interest and title to the Turi project located in Chile .
On behalf of the Board of Directors,
/s/ "Jamil Sader"
Jamil Sader , Chief Executive Officer and Director
Dr. Jamil Sader, CEO
, VP Corporate Development
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release contains "forward–looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, the potential plans for the Company's projects, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner and that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company's profile on SEDAR+ at www.sedarplus.ca . While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.
SOURCE Monumental Minerals Corp.
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