Month: April 2022

News Release – Vancouver, British Columbia – April 27, 2022: Monumental Minerals Corp. (“Monumental” or the “Company”) (TSX-V: MNRL; FSE: BE5) is pleased to announce the appointment of Michelle DeCecco to the board of directors.

Michelle DeCecco, MBA, has over 20 years of experience in the public sector specializing in capital markets, security regulations and corporate development. Throughout her career, Ms. DeCecco has been responsible for developing and executing overall corporate strategy including acquisitions, joint ventures, strategic partnerships, with a strong focus on shareholder communications. Michelle is the Vice President of Lithium Chile Inc. Ms. DeCecco holds a Master’s in Business Administration receiving honours in both accounting and finance.

Dr. Jamil Sader, CEO and Director comments “We are pleased with the addition of Ms. DeCecco to the Board. We are confident this move will bolster the relationship that we have with Lithium Chile moving forward as partners and growing as companies.”

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 project located in Chile. 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 and Director

Contact Information:

Email: [email protected]

Or

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 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, 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, failure to obtain surface access agreements or understandings from local communities, land owners or Indigenous groups, 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 (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.

News Release – Vancouver, British Columbia – April 25, 2022: Monumental Minerals Corp. (“Monumental” or the “Company”) (TSX-V: MNRL; FSE: BE5; OTCQB: MNMRF) is pleased to provide an update on management’s recent visit to its Salar De Laguna Blanca Cesium-Lithium Brine Salar Project (the “Laguna Project”) (see Monumental Minerals news release dated April 21, 2022).

Members of Monumental’s management team and board of directors (Fig. 1) visited a portfolio of Lithium Chile assets, including the Laguna Project, with representatives of Lithium Chile Inc. (TSXV: LITH). The Laguna Project was accessed by travelling 80 kilometres west from the town of San Pedro de Atacama via the paved road 27CH to the north end of Salar de Aguas Calientes, then along a truck – accessible trail heading north to the property (Fig. 2).

The long axis of the Laguna Blanca Salar is controlled by a major northwest-southeast trending fault that was observed during the site visit. This fault is interpreted to provide a structural conduit promoting brine interaction with felsic volcanics, including thick sequences of ignimbrites (volcanic ash), from which lithium and cesium were leached, transported, and subsequently concentrated in brines and sediments within the Laguna Blanca Salar (Fig. 3). Other salars in the area, including Salar De Helados (100% owned by Lithium Chile) were also visited by the Company during the site visit that related to this same fault structure. Brine-saturated and unsaturated sediment samples collected by Lithium Chile from the Laguna Project returned values of 0.145% and 0.069% lithium and cesium, respectively, and the highest concentrations form a trend parallel with the NW-SE structural trend (Fig. 4a and b). Brine samples collected from shallow augered holes within the brine pool (approximately 1.5 m depth) returned values of 1,230 mg/L Li; and 40mg/L Cs (see Monumental Minerals’ news release dated March 9, 2022).

While on-site at the Laguna Project, the Company examined ease of access, potential seasonal and weather constraints, and proximity to infrastructure in order to plan an exploration work program. The work program going forward will also be coordinated with Lithium Chile, local communities, and stakeholders.

In addition, Monumental’s management met with Summit Nanotech (“Summit”) in Antofagasta, Chile to discuss their direct lithium extraction (DLE) technology, including their pilot plant. A bulk brine sample from the Laguna Project will be submitted to Summit for preliminary testing using their pilot plant upon completion of the Company’s first borehole at the Laguna Project. Summit is developing 1000 m³/day modular units designed to increase yield, reduce climate pollution, minimize the use of chemicals and freshwater, and reduce waste by 90% compared to traditional evaporation lithium extraction methods.

Dr. Jamil Sader, Monumental’s CEO and Director comments:

“Seeing the Laguna Blanca Project site gave us a true appreciation of the size, scope, and quality of this important asset within the prolific Lithium Triangle. We appreciate the deep technical, social, and environmental knowledge that Lithium Chile contributes and we are thrilled to be partnered with them on this Project.”

The company would also like to congratulate Lithium Chile on the recent 19.9% purchase investment by Chengixin Lithium Corp., a publicly listed company in China with a market capitalization of 45.6 billion yuan (CAD $9 billion). Chengxin is primarily engaged in the new energy materials business including production from spodumene and brines as well as manufacturing of lithium products including lithium hydroxide and lithium carbonate. Following the recent transaction of Laguna Blanca (subject to TSX approval), Lithium Chile will become Monumental Minerals largest shareholder, owning 9.9% of the company .

Maximilian Sali, Founder and Director of the Company comments:

“Following a tremendous site visit with Lithium Chile I want thank Steve, Al and Terrance for the invaluable experience that Monumental has gained. We look forward to working with them on Laguna Blanca as a valued partner.”

The Laguna Project is an early exploration stage project 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 23 exploration concessions totaling 5,200 hectares, 100% owned by Lithium Chile through its wholly-owned Chilean subsidiary Minera Kairos Chile Limitada (“Minera Kairos”). The Laguna Project is within 120 km of Salar de Atacama, the largest producing salar in the world, which is operated by SQM and Albemarle.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a Director of the Company and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.  Mr. Raffle verified the data disclosed which includes a review of the sampling, analytical and test data underlying the information and opinions contained therein.

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 project located in Chile. 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 and Director

Contact Information:

Email: [email protected]

Or

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 contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation,  the plan to submit a bulk brine sample from the Laguna Project to Summit for testing, potential plans for the Company’s projects, 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.

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News Release – Vancouver, British Columbia – April 21,2022: Monumental Minerals Corp. (“Monumental” or the “Company”) (TSX-V: MNRL; FSE: BE5) is pleased to announce that further to its March 31, 2022 news release, the TSX Venture Exchange (the “Exchange”) has approved the Company’s option agreement dated March 30, 2022 (the “Option Agreement”) with Lithium Chile Inc. (“Lithium Chile”) (TSX-V: LITH) to acquire up to 75% of the 5200-hectare Salar De Laguna Blanca project (the “Laguna Project”)located near the town of San Pedro de Atacama, Chile. 

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 23 exploration concessions totaling 5,200 hectares, 100% owned by Lithium Chile through its wholly owned Chilean subsidiary Minera Kairos Chile Limitada. The Laguna Project includes both active and paleo salar brines and salts.

Jamil Sader, Monumental’s CEO comments: 

“After the recently completed site visit to the Laguna project, we are excited to plan the next phase of work to be completed on this project. In addition, we will be visiting the Jemi Rare Earth Elements project in Mexico in the coming weeks.”

Terms of the Option Agreement

In order to exercise the option to acquire a 75% interest in the Laguna Project, Monumental must issue common shares, make certain staged cash payments to Lithium Chile and incur exploration expenditures on the Laguna Project as follows: (a) Make cash payments of an aggregate of Cad$1,500,000 according to the following schedule: (i) $200,000 within thirty (30) days of final Exchangeapproval of this transaction (the “Acceptance Date”);(ii) $250,000 on or before the eighteen (18) month anniversary of the Acceptance Date; (iii) $300,000 on or before the second anniversary of the Acceptance Date; and(iv) $750,000 on or before the third anniversary of the Acceptance Date.(b) Incur minimum expenditures on the Laguna Project of not less than an aggregate of Cad$1,500,000 according to the following schedule: (v) $200,000 on or before the first anniversary of the Acceptance Date; (vi) $500,000 on or before the second anniversary of the Acceptance Date; and(vii) $800,000 on or before the third anniversary of the Acceptance Date.(c) Within thirty (30) days of the Acceptance Date, issue 3,401,874 common shares of Monumental to Lithium Chile (the “Payment Shares”). 

Subject to the exercise of the option to acquire 75% of the Laguna Project, Lithium Chile would retain a 1% net smelter returns royalty payable upon the commercial production of the Laguna Project. In addition to the statutory hold period of four months and a day from the date of issuance, the Payment Shares will be subject to a 12-month voluntary hold period from the date of issuance. Upon Monumental earning a 75% interest in the Laguna Project, Monumental and Lithium Chile will use commercially reasonable efforts to negotiate and execute a joint venture agreement for the purpose of jointly carrying out exploration, evaluation and development of the Laguna Project. 

In connection with the Option Agreement, Monumental entered into a finder’s fee agreement (the “Finder’s Agreement”) with Jeremy Ross, an arm’s length party, in consideration for services in transaction advisory services and introducing the Company to Lithium Chile, pursuant to which Mr. Ross will receive consideration of 194,515 common shares of Monumental (the “Finder’s Shares”). The Finder’s Shares are subject to a four month hold period. 

Private Placement Financing

Monumental announces that it has closed a non-brokered private placement (the “Private Placement”) for gross proceeds of $5,000,000, consisting of 11,111,111 units of the Company (each, a “Unit”) at a price of $0.45 per Unit. Each Unit consistsof one common share of the Company (“Shares”) and one-half of one transferable common share purchase warrant of the Company (“Warrants”). Each whole Warrant entitles the holder to acquire one Share at a price of $0.65 per Share for a period of two years following the closing of the Private Placement. 

The Company intends to use the net proceeds raised from the Private Placement for: cash payments related to the Option Agreement, to fund its maintenance and exploration expenses on its properties, and for general corporate purposes and working capital.

In connection with the Private Placement, the Company paid aggregate cash finder’s fees of $204,866.57 and issued 455,258non-transferable finder warrants. The finder warrants are exercisable for a period of 24 months from issuance at a price of $0.65 per share. 

All securities issued in connection with the Private Placement are subject to a four month hold period in accordance with applicable securities laws. 

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a Director of the Company and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.  

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 project located in Chile. 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 and Director

Contact Information: 

Email: [email protected]

Or 

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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

Forward Looking Information 

CThis news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, the expected use of proceeds from the Private Placement, the potential plans for the Company’s projects, completion of proposed work programs, 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, failure to obtain surface access agreements or understandings from local communities, land owners or Indigenous groups, 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 (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 statementsor forward‐looking information, except as required by law.