With the lithium and EV markets heating up there is a new name that investors will want to keep an eye on, Monumental Minerals, MNRL.v. Monumental is taking a unique approach by giving investors exposure to these markets by focusing on two different asset classes in the sector, first being a heavy rare earths project in Mexico and the second a lithium brine, cesium sediment project in Chile. Opportunity for two assets in one company with permitted projects that could bring significant shareholder value in the next 3-6 months with very limited downside risk based on the share structure.
Monumental’s flagship property is the rare earths Jemi Project in Mexico, earning 100% working interest in the property just 40kms south of the Texas border. Texas is an emerging hub for rare earth elements and Mexico is a friendly jurisdiction for mining. Some key points investors should expect to see in the coming months are:
- MAY 3RD 2022, released results from Airborne Survey – Increased confidence of where they need to explore.
- MONUMENTAL MINERALS CORP. AIRBORNE GEOPHYSICAL SURVEY DEFINES 8 KM PROSPECTIVE RADIOMETRIC TREND AND CONDUCTS SITE VISIT AT JEMI HEAVY RARE EARTH PROJECT, MEXICO – Monumental Minerals
- Plans to mobilize service crew by next month. Map out the optimal drill targets
- Phase 1 – 2500 meter drill program – All in cost for the program is about $350 per meter / $1M spend roughly
- Ranching and mining country with great relations with local communities
It’s also important to note that Jemi samples collected to date contain economic concentrations of the 4 highest value rare earth elements needed for energy transformation. These 4 include Neodymium, Praseodymium, Dysprosium and Terbium, which represent 94% of the rare earth market by value. They are all required for high performance magnets for EV motors, wind turbines, mobile phones, and water pumps.
The second project at the forefront of Monumentals portfolio is Laguna Blanca lithium brine, cesium sediment project in Chile. The project is a lithium brine, and lithium brines are generally more valuable than hard rock or clays because it is easier and lower cost to extract the lithium. Cesium in the sediment represents an additional economic metal. Monumental has an option agreement in place to secure 75% interest from Lithium Chile Inc. This project is within the “lithium triangle” and is only 120 km from the Salar de Atacama which is the largest producing salar in the world. Monumental is in the process of setting up a drill program which it will announce in the near future.
Monumental CEO Dr. Jamil Sader has over 20 years of experience in the mineral resource industry and has held international senior technical and management positions at MMG Resources, Anglo American, and Bureau Veritas Minerals. Dr. Sader brings with him a deep understanding of the technical requirements needed to bring success to Monumental Minerals projects and understands all facets of critical, base, and precious metals.
We expect news flow to ramp up in the coming months as Monumental is cashed up and ready to advance both flagship properties this summer. Stay tuned for more information in the coming weeks.
Disclaimer:
The article is for informational purposes only and is neither a solicitation for the purchase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. Monumental Minerals is a high-risk venture stock and not suitable for most investors.. Consult Monumental Minerals SEDAR profile for important risk disclosures.
EnergyandGold has been paid to cover Monumental Minerals and so some information may be biased. EnergyandGold.com, EnergyandGold Publishing LTD, its writers and principals are not registered investment advisors and advice you to do your own due diligence with a licensed investment advisor prior to making any investment decisions.
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