Vancouver, British Columbia – February 22, 2022: Monumental Minerals Corp. (“Monumental” or the “Company”) (TSX-V: MNRL) is pleased to announce the appointment of Dr. Jamil Sader as the Chief Executive Officer (“CEO”) of the Company.
Outgoing CEO Mr. Max Sali tendered his resignation in favour of Dr. Sader, which has been accepted by the Board of Directors. Mr. Sali remains as a director and is the founder of the Company.
Jamil Sader, CEO comments “I am excited to join Monumental Minerals as CEO at this pivotal time in the Company’s history. I look forward to working with a very well supported team that have a proven track record in the discovery and development of critical metals. I have been involved with Monumental as a Director for a number of months, and see our flagship Jemi heavy rare earth element (“REE”) project in northern Mexico as an excellent opportunity to deliver REE security to North America. I congratulate Max Sali for his leadership to date in founding the Company and introducing such an attractive project.”
Dr. Jamil Sader obtained his Ph.D. from the University of Ottawa. He has over 20 years of experience in the mineral resource industry and has held international senior technical and management positions including at MMG Resources, Bureau Veritas Minerals, and most recently with Anglo American. His extensive experience, from field geologist to senior management, has provided Dr. Sader a deep understanding across many facets of critical, base, and precious, metals, and an extensive global network of industry professionals. Dr. Sader is also a technical advisor for Aguila Copper Corp.
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 own 100% of the 3,650-hectare project with additional acreage pending.The Company has an option to acquire a 100% interest and title to the Weyman property located in the Kamloops and Nicola Mining Divisions and in the Thompson Nicola Regional District, British Columbia.
On behalf of the Board of Directors,
/s/ “Jamil Sader”
Jamil Sader, Chief Executive Officer
Max Sali, Director and founder
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, advancing the Jemi project, 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. 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, failure to maintain all necessary government permits, approvals and authorizations, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, decrease in the price of rare earth elements and other metals, failure to maintain community acceptance, increase in costs and litigation. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.