Tight Share Structure
Favourable Asset in an Emerging REE Global Hub
Option for 100% ownership of a permitted, near-term, drill ready asset in a safe jurisdiction.
Close proximity to west-central Texas, an emerging global hub for REE ore processing and battery technology.
Experienced Critical Metals Management Team
The Monumental Minerals team represents a highly experienced group with deep expertise in rare earth exploration and project development including the Defense Metals Wicheeda project, and the Tasman Minerals world-class Nora Karr project.
As at April 1, 2022
Issued & Outstanding
($0.20 + $0.65)
($0.38, $0.45, $0.50)
As of April after fees
Significant Shareholder: 3.5M shares Lithium Chile Corp, 2.3M shares Discovery Silver
HEAVY RARE EARTHS
The discovery and development of new economic magnetic REEs deposits will feed the projected shortage of these elements.
At present, ionic clay deposits in southern China and Myanmar are the primary source of the world’s HREE, however the limited resource size, high environmental legacy issues of such deposits and increasing export restrictions, are driving discovery and development of other more sustainable sources of HREE. The REEs Nd, Pr, Tb, and Dy are typically enriched in peralkaline deposits and are essential for the performance of high strength permanent magnets for electric vehicles and wind turbines. In addition, greater than 90% of the REE market share is tied to these 4 REEs.