Announces Dtc Eligibility
MONUMENTAL MINERALS CORP.
ANNOUNCES DTC ELIGIBILITY
VANCOUVER, BC
,
July 25, 2022
/CNW/ - Monumental Minerals Corp. ("
Monumental
" or the
"
Company
") (TSXV: MNRL) (FSE: BE5) (OTC: MNMRF) is pleased to announce that its common
shares are now eligible for electronic clearing and settlement in the United States through the
Depository Trust Company ("DTC"). DTC eligibility is expected to simplify the process of trading and
enhance liquidity of Monumental's shares in the
United States
. The Company's shares will now trade
under the symbol "MNMRF".
The DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that
manages the electronic clearing and settlement of publicly traded companies. Securities that are
eligible to be electronically cleared and settled through DTC are considered to be "DTC eligible".
This electronic method of clearing securities speeds up the receipt of stock and cash, and thus
accelerates the settlement process for investors and brokers, enabling the stock to be traded over a
much wider selection of brokerage firms by coming into compliance with their requirements.
The Company is applying to list its common shares on the OTCQB Marketplace in
the United States
.
About Monumental Minerals Corp.
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 cesium-lithium brine project
located in
Chile
.
On behalf of the Board of Directors,
/s/ "Jamil Sader"
Jamil Sader
,
Chief Executive Officer and Director
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.
Forward Looking Information
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, the listing on the OTCQB Marketplace, 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.sedar.com
. 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. Factors that could cause
actual results to differ materially from those in forward looking statements include, but are not limited
to, continued availability of capital and financing and general economic, market or business
conditions, failure to secure personnel and equipment for work programs, adverse weather and
climate conditions, risks relating to unanticipated operational difficulties (including failure of
equipment or processes to operate in accordance with specifications or expectations, cost
escalation, unavailability of materials and equipment, government action or delays in the receipt of
government approvals, industrial disturbances or other job action, and unanticipated events related
to health, safety and environmental matters), risks relating to inaccurate geological assumptions,
failure to maintain all necessary government permits, approvals and authorizations, fluctuation in
exchange rates, the impact of Covid-19 or other viruses and diseases on the Company's ability to
operate, an inability to predict and counteract the effects of COVID-19 on the business of the
Company, including but not limited to, the effects of COVID-19 on the price of commodities, capital
market conditions, restriction on labour and international travel and supply chains, decrease in the
price of rare earth elements, lithium, cesium and other metals, loss of key employees, consultants,
or directors, failure to maintain community acceptance, increase in costs, litigation, and failure of
counterparties to perform their contractual obligations. 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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%SEDAR: 00050941E
For further information:
Jamil Sader, Chief Executive Officer and Director, Email:
[email protected]; Max Sali, VP Corporate Development, Email:
CO: Monumental Minerals Corp.
CNW 08:00e 25-JUL-22