Monumental Energy Corp. Submits Joint Rfi Documents with Its Partner Lithium Chile to the Chilean Government IN Respect to the Laguna Blanca Lithium Brine-Cesium Sediment Salar
MONUMENTAL ENERGY CORP. SUBMITS
JOINT RFI DOCUMENTS WITH ITS PARTNER
LITHIUM CHILE TO THE CHILEAN
GOVERNMENT IN RESPECT TO THE LAGUNA
BLANCA LITHIUM BRINE-CESIUM SEDIMENT
SALAR
VANCOUVER, BC
,
June 25, 2024
/CNW/ - Monumental Energy Corp. ("
Monumental
" or the
"
Company
") (TSXV: MNRG) (FSE: ZA6) (OTCQB: MNMRF) is pleased to announce the latest
Chilean Government update in the context of its Lithium Strategy. In
April 2024
,
Chile
, through its
Ministry of Mines, announced the process for Chilean and foreign investors to express interest in
developing projects to explore and/or exploit lithium from deposits located in
Chile
. Consequently, the
Ministry of Mines approved the procedure in order to file for a Request for Information ("
RFI
") which
is intended to express interest in developing the exploration, exploitation and processing of Salt Flats
located in
Chile
. This RFI process will allow the Government of
Chile
to evaluate the conditions,
mechanisms and requirements for granting special lithium operation contracts (CEOL).
Monumental, through its Chilean subsidiary, Monumental Minerals Chile SpA, announces that on
June 17, 2024
, it filed a RFI to express interest in the exploration and potential exploitation of its
'Project Laguna Blanca', located in the Laguna Blanca Salt Flat. The Company acknowledges the
Chilean Government's prioritization of available areas of interest and confirms that the Laguna
Blanca Salt Flat has not been categorized as a protected brine system, that consequently, is
considered an eligible territory for this RFI process.
Appoints
Daniel Weinstein
from
Chile
to Advisory Board
With over two decades of legal experience in the mining and natural resources sector, Daniel has
spearheaded mining-related transactions exceeding USD
$22 billion
across five continents, focusing
particularly on
Chile
. His expertise covers critical industry aspects, from the commercial facets of the
mining business to a deep understanding of the ever-evolving regulatory landscape.
Daniel joined Urzua Abogados in 2022 after a successful career of nine years (2004 – 2013) in
renowned law firms in
Chile
and abroad, followed by another nine years leading the legal
departments of prestigious companies, as Head of Legal for
Chile
and
Peru
at SNC-Lavalin (2013 –
2014); General Counsel at Quantum Pacific Exploration (2014 – 2017); and finally, as Legal
Manager of BHP (2017 – 2021). At BHP, he led the legal teams responsible for Exploration globally,
for the Projects and Commercial areas of the Minerals Americas division, and for the Potash
business unit in
Canada
.
Mr. Weinstein has been a director of mining companies and serves as President of the Advisory
Council of the Ministry of Mining.
Daniel holds a Bachelor of Laws (J.D. equivalent),
summa cum laude
, from the Universidad de
Chile
and a Master of Laws from the
University of Chicago
. He is a frequent speaker at national and
international seminars and post-graduate courses on the legal aspects of mining. He is part of the
leadership of mining and construction trade associations and, additionally, he regularly advises
governmental entities and trade associations on mining-related matters.
Michelle DeCecco
, CEO, remarked,
"This is an exciting time for Monumental Energy. Following
last month's 19% year-over-year increase in EV sales, the RFI process is intended to advance
Chile's
lithium industry by leveraging its position as the world's largest stakeholder in lithium
reserves. We have a lot of work ahead and having Mr. Weinstein join our Advisory Board will
provide the expertise we need to continue in the right direction."
About
Salar De Laguna Blanca
The Laguna Project is located within the prolific lithium triangle, a zone within the central Andes high
desert that includes
Chile
,
Argentina
, and
Bolivia
. This zone is estimated to contain more than half of
the world's lithium supply beneath the many salt flats, also known as salars, that are common to the
region. The Laguna Blanca property consists of 61 exploration concessions totaling 14,700 hectares,
100% owned by Lithium Chile through its wholly owned Chilean subsidiary Minera Kairos Chile
Limitada. Monumental Energy has an option to acquire a 75% interest and title to the Laguna
Project. The Laguna Blanca Project includes both active and paleo salar brines and salts with
samples including 1230 mg/l from surface.
About Monumental Energy Corp.
Monumental Energy Corp. is an exploration company focused on the acquisition, exploration, and
development of properties in the critical and clean energy sector. The Company has an option to
acquire a 75% interest and title to the Laguna cesium-lithium brine project located in
Chile
. The
Company holds a 2% net smelter return royalty on Summit Nanotech's share of any future lithium
production from the Salar de Turi Project. The Company owns securities of New Zealand Energy
Corp.
On behalf of the Board of Directors,
/s/ "Michelle DeCecco"
Michelle DeCecco
,
CEO
Contact Information:
Michelle DeCecco
, Chief Executive Officer and Director
Email:
Or
Maximilian Sali
, VP Corporate Development and Director
Email:
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 expectations and expected results from the RFI for the Laguna project,
other statements relating to the technical, financial and business prospects of the Company, its
projects, its goals 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 and the price of oil and gas, 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. 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 or
obtain all necessary government permits, approvals and authorizations, failure to obtain or maintain
surface access agreements or understandings from local communities, land owners or Indigenous
groups, fluctuation in exchange rates, the impact of viruses and diseases on the Company's ability to
operate, capital market conditions, restriction on labour and international travel and supply chains,
decrease in the price of lithium, cesium and other metals, decrease in the price of oil and gas, loss
of key employees, consultants, or directors, failure to maintain or obtain community acceptance
(including from the Indigenous communities), 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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CNW 08:00e 25-JUN-24