Monumental Energy Terminates Jemi Option Agreement
MONUMENTAL ENERGY TERMINATES JEMI OPTION AGREEMENT
News Release - Vancouver, British Columbia – May 17, 2024: Monumental Energy Corp.
(“Monumental” or the “ Company”) (TSX-V: MNRG; FSE : ZA6; OTCQB: MNMRF) announces that
effective May 17, 2024, the Company has opted to terminate its option agreement on the Jemi REE project.
(the "Jemi Option Agreement"). The Jemi Option Agreement granted Monumental the right acquire a
100% interest in six (6) mineral concessions comprising approximately 3,560 hectares located in the
Ocampo municipality of Coahuila State, Mexico from the vendors (see Monumental’s news release dated
November 1, 2021), however, following its assessment of exploration results, the Company has elected to
discontinue its activities under the Jemi Option Agreement.
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, Chief Executive Officer and Director
Email: [email protected]
Contact Information:
Maximilian Sali, VP Corporate Development & Director
Email: [email protected]
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 includes certain statements that constitute “forward -looking information or statements” within the
meaning of applicable securities law s, which may include, without limitation, statements relating 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 and 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 Compa ny’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 i nherently 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, failure to obtain
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 rare earth elements, lithium,
cesium and other metals, decrease in the price of oil and gas , loss of key employees, consultants, or directors, failure
to obtain and/or maintain 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.