Board Change • May 20
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 7 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Director Kris Raffle is the most experienced director on the board, commencing their role in 2020. Independent Director Bill Treuren was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Annuncio • Mar 30
Monumental Energy Corp Reports Initial Flush Production and Stable Unstimulated Flow Rate At Ngaere-2 Monumental Energy Corp. announced a stable, unstimulated flow rate of 300 barrels a day from the Ngaere-2 well located within a 4km radius of all the other online production wells and near the Waihapa production facility. Currently the company has four wells online: Copper Moki-1, Ngaere 1 and 2 and Waihapa H1. Six additional wells are in the pipeline and permitted. Monumental Energy along with NZEC as operator and its co-venturer L and M have estimated that 1,000 boe/d is possible. Constrained production is choked back to maintain stable flow and additional ways to increase daily production and capacity are underway immediately. Monumental and New Zealand Energy Corp. entered into a funding agreement enabling Monumental to participate in mutually agreed appraisal and development workover projects aimed at increasing production across Petroleum Mining Licences PML 38140 and PML 38141. The Waihapa H1 well is the latest successful project executed under this agreement. NZEC holds a 50% interest in the Licences, which are located in the onshore Taranaki Basin, New Zealand. Annuncio • Mar 19
Monumental Energy Reports Initial Flush Production of 3,000 Barrels and A Stable Unstimulated Flow Rate of 568 Barrels Per Day from Waihapa H1 Monumental Energy Corp. announced a better-than-anticipated, stable, unstimulated flow rate of 568 barrels per day of 38° API crude oil from the reworking of the Waihapa H1 well in New Zealand’s prolific onshore Taranaki Basin. The well was successfully brought back online using a low-cost perforation program across seven intervals, totaling six-metres and is located within 100-metres of existing production infrastructure. Monumental and New Zealand Energy Corp. (“NZEC”) entered into a funding agreement (see news releases dated January 12, 2026, March 5, 2026, and March 10, 2026), enabling Monumental to participate in mutually agreed appraisal and development workover projects aimed at increasing production across Petroleum Mining Licences PML 38140 and PML 38141 (the “Licences”). The Waihapa H1 well is the latest successful project executed under this partnership. NZEC holds a 50% interest in the Licences, which are located in the onshore Taranaki Basin, New Zealand. Annuncio • Mar 16
Monumental Energy Corp Announces Commercial Production At Waihapa H1 Monumental Energy Corp. announced the successful restart of commercial production from all 7 perforations in the Mount Messenger formation located near the top of the Waihapa H1 well. The Waihapa H1 well is located within 100 meters of the Waihapa production facility and oil is being sent through the pipeline into a holding tank at the facility. Monumental and New Zealand Energy Corp. entered into a funding agreement, which enables Monumental to participate in mutually agreed-upon appraisal and development workover projects with New Zealand Energy Corp. and aimed at increasing oil and gas production from the area covered by Petroleum Mining Licences PML 38140 and PML 38141. The Waihapa H1 well is another project the parties have chosen under the funding agreement. New Zealand Energy Corp. holds a 50% interest in the Licences, both being located in the onshore Taranaki Basin, New Zealand. Waihapa H1 was drilled in 2008 and produced oil from the lower Tikorangi formation at rates above 1,500 barrels a day. The New Zealand Energy Corp. and Monumental exploration team have identified 60 meters of prospective “bypass pay” in the Mount Messenger formation above the Tikorangi formation, which is the same zone that was perforated at Ngaere-1. Seven 6-meter perforations all encountered natural, high pressured oil flow with no additional stimulation besides a perforation gun. Oil production started when the first perforated areas came on line as of March 13, 2026. Monumental expects to publish the stabilized flow rate and total production of oil and gas once testing has been completed and the data assessed. The Mount Messenger formation is the primary zone in the highly successful adjacent Cheal oil field which has produced roughly 12 million barrels of oil from a relatively small area size. The Waihapa H1 well is located within sight of the Waihapa production facility, allowing associated gas to be connected directly to the facility for immediate processing and production. Current natural gas prices in New Zealand range from approximately USD 10 to USD 15 per MCF, making it one of the higher gas price environments. The well was perforated during daylight hours over 5 days and in the evenings the well was flowed to clear perforation debris and to understand if each perforated zone added flow capacity and ultimately reserves. Each day the well flowed better and all seven perforations performed better than expected. The company is not currently able to announce a stable flow rate as there is not enough capacity on site and tanker trucks to be able to handle the volume. Currently three tanker trucks are going back and forth from Waihapa H1 to the port in New Plymouth. Gas is also being processed to the tune of roughly 1 TJ of gas which is sold immediately to market. New Zealand has high gas prices and the current price of Brent crude is above USD 100 per barrel. Annuncio • Mar 06
Monumental Energy Announces Successful Perforation and Strong Initial Production Results from Ngaere-1 Well, in Partnership with New Zealand Energy Corp. and L&M Energy Ltd Monumental Energy Corp. announced the successful perforation and strong initial production results from the Ngaere-1 well, in partnership with New Zealand Energy Corp. and L&M Energy Ltd. NZEC is the holder of a 50% interest in the Petroleum Mining Licences PML 38140 and PML 38141 (together, the “Licences”) located in onshore Taranaki, New Zealand, pursuant to a joint operating agreement between NZEC and L&M Energy Limited (the “JOA”). The Partnership enables Monumental to participate in certain mutually agreed upon appraisal and development workover projects with NZEC to increase oil and gas production from the area covered by the Licenses. The parties have selected Ngaere-1 well as the first project under the Partnership. The Ngaere-1 well was successfully perforated into a previously untested “bypass pay zone” less than two weeks ago under the recently executed funding and gainshare agreement between the Partnership (see the Company’s news release dated January 13, 2026 and NZEC’s news release dated February 4, 2026). Following perforation, the well immediately flowed oil and gas, producing 580 barrels of crude oil within the first six hours of operation. Production was temporarily shut-in to allow additional tanker capacity to arrive on site to transport the crude for delivery to port and subsequent refining. Since recommencing operations, the Ngaere-1 workover well has produced approximately 3,000 barrels of crude oil to date, currently stabilizing at approximately 120 barrels of oil per day, without the benefit of additional stimulation and optimization activities which are planned for a future date. For context, Brent crude oil prices are currently above US$85 per barrel, with New Zealand crude typically achieving only a modest discount to Brent pricing. Operating costs in New Zealand are primarily denominated in New Zealand dollars (currently approximately US$1 = NZ$1.68). Although the Ngaere-1 well was originally drilled more than 30 years ago, the upper zone that is now producing was not previously evaluated, resulting in limited historical log data for this interval. Despite this uncertainty, the well flowed oil and gas immediately upon perforation, and initial production revenues have already recovered the workover costs within the first weeks of operation. The next phase of work will focus on continued production and reservoir evaluation while preparing for a recompletion program designed to increase drawdown on the reservoir, which is expected to further enhance production rates and ultimate recoverable reserves. The Partnership considers the initial results highly encouraging given the historical log uncertainty and believes they demonstrate the potential for similar opportunities across the field. Following the strong initial results from the cost-effective perforation of the Mount Messenger Formation at the Ngaere-1 well, the Partnership has agreed to immediately advance similar perforation operations at the Waihapa H1 and Ngaere-2 wells. These perforations are expected to take place as soon as operational logistics permit and will target the same formation that has demonstrated encouraging early production at Ngaere-1. The Company’s management believes these additional perforations represent a low-cost, high-impact opportunity to unlock previously bypassed hydrocarbon zones within existing wells. Success at these locations could further validate the broader potential of the Mount Messenger Formation across the permit area and provide additional near-term production growth. Annuncio • Nov 19
Monumental Energy Corp. announced that it has received CAD 0.81 million in funding On November 18, 2025, Monumental Energy Corp closed the transaction. The company issued 16,200,000 units at an issue price of CAD 0.05 per unit for gross proceeds of CAD 810,000. Each unit comprises one common share and one transferable common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional common share of the company at a price of CAD 0.08 per share until November 18, 2028. In connection with the private placement, the company paid in consideration of the services rendered by certain finders an aggregate cash commission of CAD 38,850 and issued an aggregate of 777,000 non-transferable common share purchase warrants. Each finder warrant entitles the holder thereof to purchase one additional common share of the company at the issuer price until November 18, 2028. The shares, warrants and finder warrants issued pursuant to the private placement are subject to a hold period of four months and one day from the closing of the private placement in accordance with applicable Canadian securities laws. The transaction is oversubscribed. Annuncio • Oct 30
Monumental Energy Corp. announced that it expects to receive CAD 0.75 million in funding Monumental Energy Corp. announced a non-brokered private placement of a minimum of 10,000,000 units and a maximum of up to 15,000,000 units at a price of CAD 0.05 per unit for gross proceeds of a minimum of CAD 500,000 and a maximum of up to CAD 750,000 on October 30, 2025. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at a price of CAD 0.08 per share for a period of three years from the closing date of the private placement. All securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day from the closing of the private placement. Finder’s fees may be payable in connection with the private placement, all in accordance with the policies of the TSX Venture Exchange and applicable securities laws. The private placement is subject to the approval of the TSX Venture Exchange. Annuncio • Aug 20
Monumental Energy Provides Update on Copper Moki Wells Monumental Energy Corp. provided an operational update on the producing Copper Moki oil and gas wells and to report on its investment in New Zealand Energy Corp. with assets located in the Taranaki Basin, New Zealand. Copper Moki Production Update: The Copper Moki-1 well was successfully recom completed in late July 2025, with production commencing shortly thereafter. Both Copper Moki-1 and Copper Moki-2 have been onstream for almost a month delivering a combined production rate of approximately 125 barrels of oil per day ("bopd"). These rates continue to trend upward as pump speeds are gradually increased to optimize flow while preventing sand from entering the borehole. In addition to oil production, both wells are now exporting associated gas to the neighbouring Waihapa Production Station for processing and sale. Oil is stored on site and trucked to port every two days, with the next shipment scheduled for September 20, 2025. Monumental entered into its agreement with NZEC in late 2024, following NZEC's strategic shift toward a gas-storage-focused business model. Under the terms of the agreement, Monumental will receive a 75% royalty on production until recovery of its initial capital investment, after which the royalty will adjust to 25% for the life of the wells. Cumulative production data (BBL and BOE) will be disclosed in the coming weeks. The Company is actively advancing evaluations on potential additional oil and gas projects in the area. As reported by NZEC on June 30 and July 25, 20251 Tariki Gas Storage Project & Tariki-5A Well: The Tariki Gas Storage Project continues to advance, with structural remapping using a Prestack Depth Migrated (PSDM) dataset underway to support sub-surface modelling. In addition, the company has completed dynamic reservoir and well-performance modelling for the area surrounding the Tariki-5A well to assess the potential for restoring production. The modelling indicates that a gas-lift period of up to three weeks is likely sufficient to re-establish gas production from the up-dip gas volumes. As a result, the NZEC plans to initiate well and facility engineering activities in third quarter 2025 to restart gas flow. As previously reported, sub-surface dynamic modelling to confirm the range of gas storage capacities, associated pressure and rates, and long-term storage behaviour remains on track for delivery in August 2025. Gas storage facility development concept studies are also in progress and scheduled for completion in August 2025. Recently Completed Financing: NZEC completed a CAD 2.72 million private placement at $0.18 per share, eliminated its C$2 million debt to Vliet Financing B.V., and strengthened its working capital position. The company now has sufficient resources, along with ongoing oil and gas production, to advance the gas-storage project through to completion and a planned sale to a local gas provider. Waihapa-Ngaere Production (50% JV Interest) Production from Waihapa-Ngere Production (50% J VV Interest) Production from WAIhapa-Ngaere recommenced in late March 2025, with the wells operating on periodic well unloads without the use of gas-lift. Following the successful recommissioning of the Ngaere-1 pipeline in July, production from that well resumed in mid-July 2025, achieving flush rates of more than 400 bbls of oil in a single day. As a result, current field production rates are temporarily constrained by onsite tank capacity for stabilization and the rate at which oil can be trucked to port. Over the past week, trucking has averaged approximately 180 bbls per day (NZEC share: 90 bbls per day). In the past week, trucking have averaged approximately 90 bbls per day. In addition to oil production and trucked to port. In the past week, trucksing has averaged approximately 180 bBLs per day. In the past week, trucked has averaged 90 bbls per day (NZEC share: 90 bbling per day). In addition to port: 90 bopd). In addition to port:90 bopd). In addition, both wells are stored on site and trucking has been on site and trucked to Port every two days, with the company's stored on site and trucking is stored on site and trucking per day, with the next shipment scheduled to port every two days, both wells is stored on site and trucks per day. Oil is stored onsite and trucking has been stored on site and trucking. Oil is stored onstream for processing and trucked to port every three days, with the neighbouring Waihapa production rate of sale. Annuncio • Jul 21
Monumental Energy Restores Commercial Production At Copper Moki Field, New Zealand Monumental Energy Corp. announced the successful restart of commercial production from both the Copper Moki-1 and Copper Moki-2 wells, located in the prolific Taranaki Basin, New Zealand. Following completion of the strategic workovers, both wells are now online and producing at stable rates--100 barrels of oil per day (bopd) from CM-1 and 75 bopd from CM-2, and with rates continuing to increase on a daily basis. The new pump systems are designed for long-term performance and provide the flexibility to increase output further during flush production and future ramp-up period. As the pumps are performing as anticipated, both will be turned up to produce above the rated pump to test maximum capacity. Note that flush production from both wells combined could be more than 300 bopd, as it was previously as high as 300 bopd after the last pump replacement at Copper Moki-2 alone at the time of the original drilling program at Copper Moki a few years ago. Multiple Revenue Catalysts Unlocked: High-Margin Gas Monetization: The gas produced at Copper Moki is now tied into regional infrastructure, allowing Monumental to capitalize on New Zealand gas prices of USD 15-20 per MMBtu--among the highest globally. Gas production numbers will be released in the coming weeks. Royalty Revenue: Monumental earns a 25% royalty on all oil and gas sales after the recovery of initial capital (at 75% of net revenue payback rate). Immediate Cash Flow Potential: With both wells operating, the Company anticipates near-term, high-margin cash flow from Copper Moki with no further capital deployment required and the royalty structure to be in effect. Operating rates and numbers will be known in the coming weeks and months. Cumulative flush production data--including barrels of oil (BBL), barrels of oil equivalent (BOE), and associated gas volumes--will be reported in the coming weeks. Annuncio • Jul 10
Monumental Energy Corp. Provides Update on the Copper Moki-1 Oil and Gas Well in New Zealand Monumental Energy Corp. announced good progress on the second workover in the Copper Moki campaign, i.e., at the Copper Moki-1 (CM-1) oil and gas well, located in the Taranaki Basin, New Zealand. The primary objective of the CM-1 workover is to restore oil and associated gas production from the Mt. Messenger sands and to remove flow restriction from sand production identified during prior operations. At CM-1, the pump rod string has been recovered and the old tubing string has been recovered. Cleaning out the well casing and running the new tubing and pump is now underway followed by the additional perforations. Work is expected to be completed and the well placed into production over the weekend. CM-1 will have a slightly bigger pump than and that in CM-2. The design rates for each well are 150 bopd and 100 bopd respectively, although they can run faster to generate greater rates than this when required, such as with flush production soon after starting up. Note that flush production from both wells combined could be 300 bopd or more which was the case for CM2 alone after the last pump replacement at the time of the original drilling program at Copper Moki. Previously when these wells were drilled. New Zealand faced a gas surplus, and the field remained isolated from the gas network. Today, the field has been fully integrated into the gas infrastructure, presenting a meaningful revenue opportunity that was previously unavailable. Note that CM-1 and CM-2 were originally shut-in due to mechanical issues, rather than any reservoir-related concerns. The wells have required only standard maintenance, and downhole equipment replacement to be able to resume production. In late 2024, Monumental Energy entered into an agreement with NZEC to bring these wells back online, as NZEC shifted its focus to a gas storage business model. Under the terms of the agreement, Monumental Energy will receive a 25% royalty on all oil and gas production from the Copper Moki site, following full recovery of its initial capital contribution at a 75% royalty. Cumulative production data, measured in barrels of oil (BBL) and barrels of oil equivalent (BOE), will be released in the coming weeks. Annuncio • Jun 23
Monumental Energy Corp. Announces Completion of Workover and Resumption of Commercial Production At the Copper Moki-2 Oil and Gas Well in New Zealand Monumental Energy Corp. announced the successful workover and resumption of commercial production at the Copper Moki-2 (CM-2) well, located in the Taranaki Basin, New Zealand. The primary objective of the CM-2 workover was to restore oil and associated gas production from the Mt. Messenger sands and to address flow restrictions identified during prior operations. Additionally, the program included perforating and testing previously untapped hydrocarbon zones. At CM-2, three new intervals have been perforated, which are expected to contribute to significant flush production rates and increase overall output. Early indications confirm the new pump is functioning as expected, with approximately 300 barrels of brine--pre previously used to maintain pressure-- successfully pumped out of the well. The Copper Moki-1 (CM-1) workover is expected to take approximately 10 days. If successful, the well will be placed on continuous production alongside CM-2. Monumental Energy and NZEC anticipate significant flush production rates from both wells. At the time of the original drill program at Copper Moki, New Zealand faced a gas surplus, and the field remained isolated from the gas network. Today, the field has been fully integrated into the gas infrastructure, presenting a meaningful revenue opportunity that was previously unavailable. CM-1 and CM-2 were originally shut-in due to mechanical issues over time, rather than any reservoir-related concerns. The wells required only standard maintenance, and equipment upgrades to resume production. In late 2024, Monumental Energy entered into an agreement with NZEC to bring the wells back online, as NZEC shifted its focus to a gas storage business model. Under the terms of the agreement, Monumental Energy will receive a 25% royalty on all oil and gas production from the Copper Moki site, following full recovery of its 75% initial capital contribution. Oil produced in the Taranaki Basin typically receives a modest discount to Brent Crude (USD77.39 as of June 20), while natural gas sells at a premium, with current prices ranging between USD 11.00 and $15.00 perMCF--sign significantly higher than North American market levels. Cumulative production data, measured in barrels of oil equivalent (BOE), will be released in the coming weeks. Annuncio • May 20
Monumental Energy Announces Commencement of Copper Moki Workover Workover in New Zealand Monumental Energy Corp. announced that workover operations have commenced at the Copper Moki-1 and Copper Moki-2 wells, located in the Taranaki Basin, New Zealand. The workover program being carried out in conjunction with the Company's partner, New Zealand Energy Corp., involves re-entering both wells to perform downhole cleanouts, replace tubing and rods, and perforate the Mt. Messenger formation. The objective is to restore production from the Mt. Messenger sands and resolve known flow restrictions identified in previous operations. Additionally, the wells have never undergone a full tubing replacement or sand cleanout, providing Monumental with the opportunity to perforate an unproduced zone. Having remained idle for 18 months, the wells also present potential for a significant flush production increase, further enhanced by the planned perforation of an additional 5-metre interval in the Mt. Messenger formation. Copper Moki-2 Workover Highlights: The 2,084-metre well will undergo similar operations to Copper Moki-1, including a full tubing replacement and comprehensive well cleanout. A new pump and rod system will be installed to enable production from the newly perforated zone. As with Copper Moki-1, well pressure is several hundred psi below hydrostatic, suggesting favourable conditions for drawdown and early production. Field operations are expected to be completed in the coming weeks, with initial production results anticipated shortly thereafter. To date, the program remains under budget; Monumental does not anticipate any further expenditures until the workover is complete and flush production begins. Total spending to date is approximately NZD 560,000 (CAD 460,000). Annuncio • May 14
Monumental Energy Corp., Annual General Meeting, Jul 11, 2025 Monumental Energy Corp., Annual General Meeting, Jul 11, 2025. Location: british columbia, vancouver Canada Annuncio • Apr 18
Monumental Energy Corp. Provides Operational Update on Its Copper Moki 1 & 2 Workover Wells in the Taranaki Region, New Zealand Monumental Energy Corp. provided an update on its workover wells, Copper Moki 1 & 2 with New Zealand Energy Corp. located in the Taranaki basin of New Zealand. Monumental to date has paid a total of $345,000 including a 70% deposit last week of $92,000 to workover rig contractor RIVAL. The balance has covered the costs of critical parts like 2 3/8" tubing, various sizes of pump rods, pumps and accessories, as well as completion designs and project management. All of the long-lead and critical items will be in hand by early May and the RIVAL rig is scheduled to move to the site and set up on Copper Moki-2 in the week commencing May 12, 2025. The program for both wells is scheduled to take 17 days and it is expected that the work will be completed by May 30, 2025 at which time both wells will immediately be placed back to production if the workovers are successful. Copper Moki-2 was selected as the first well in the program because it is the easier of the two wells given the pump rods have already been retrieved from the well. Copper Moki-1 still has pump rods in place and will require more time to pull the tubing and the rods contemporaneously. Upon commencement of production at CM 1&2, Monumental will first recoup 75% of the net revenues from oil and gas sales, followed by transitioning to a 25% royalty model. Furthermore, Monumental and NZEC are evaluating potential sites for new wells either on currently permitted pads or near the Waihapa production facility. The Company will continue to keep the markets informed of any developments and potential agreements if they occur. Monumental and NZEC have agreed to review all items purchased and other matters when making these payments so both parties are in agreement with the use of funds and can manage them properly as partners. Annuncio • May 17
Monumental Energy Corp., Annual General Meeting, Jul 12, 2024 Monumental Energy Corp., Annual General Meeting, Jul 12, 2024. Location: british columbia, whistler Canada New Risk • Jan 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.9m free cash flow). Share price has been highly volatile over the past 3 months (38% average weekly change). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€1.98m market cap, or US$2.15m). Annuncio • Dec 14
Monumental Energy Corp. Appoints Frank Jacobs to Its Board of Directors Monumental Energy Corp. announced the appointment of Frank Jacobs, New Zealand Energy Corp.'s largest shareholder and director, to the board of Monumental Energy. Frank completed degrees in Chemical and Petroleum Engineering from the HTS in Breda, the Netherlands as well as the University of Calgary in Alberta, Canada. He has extensive upstream oil and gas experience and served as a director and officer of a number of listed companies on both the ASX and TSXV exchanges. He was in the past specifically appointed to grow companies such as Cue Energy Resources, Cultus Petroleum, Anzoil, Triangle Energy and PetroReal Energy Corporation. This was achieved through acquisitions of producing properties as well as judicial, low risk exploration. In 2015, Mr. Jacobs briefly was COO of TAG Oil, NZEC close neighbor and is familiar with the operational environment of oil and gas fields in New Zealand. Annuncio • Oct 05
Monumental Minerals Corp. Provides Final Results of Maiden Drilling Program At the Jemi Rare Earth Element Project, Mexico Monumental Minerals Corp. announced results from the maiden drilling program at the Jemi rare earth element (REE) project (the "Project") in Coahuila, Mexico, about 40 km south of the Texas, USA border. One diamond drill rig commenced drilling on the Veladora North and South prospect areas in early July to test areas with a high frequency of REE-mineralized dykes and sills at the surface. In addition, 3D aeromagnetic highs at less than 300 m depth were targeted, interpreted to be the magmatic bodies that fed veins, dykes and sills observed at surface. The program concluded on August 18, 2023 with a total of 2,000 metres (m) drilled in 14 holes which ranged from 50 to 321 m in length. Of the 2,000 m drilled, 186 m of core (124 samples) returned anomalous REE concentrations. These samples contained total rare earth oxides (TREO) results greater than 500 parts per million (ppm), with a maximum of 2018 ppm, and a mean and standard deviation of 717 and 282 ppm (respectively). Heavy rare earth oxides (HREO) are also highest in these samples with a maximum of 517 ppm, and a mean and standard deviation of 164 ppm and 98 ppm (respectively). Anomalous TREO and HREO values were observed in every drill hole except JV-23-08 and JV-23-10. Core logging confirmed anomalous REE assay values relate to the presence of the mineral eudialyte, consistent with surface mapping at the Jemi project. At Veladora North eudialyte was almost always found within discreet veins, dykes and sills, emplaced into host sedimentary rock sequences. At Veladora South, elevated REE values are regularly associated with massive pegmatitic syentite intrusions, especially within holes JV-23-11, JV-23-13, and JV-23-14. Eudialyte was commonly observed as intergrowth mineralization within these intrusions. Drill hole intersections with anomalous REEs were generally continuous and associated with aegirine as banded lithologies. The geochemistry at Veladora South indicates that the peralkaline rocks are highly fractionated, a characteristic shared with major REE deposits. Veladora South is also associated with intense pervasive fentinization (metasomatic alteration by nepheline syenite intrusive rocks) of host sedimentary rocks resulting in skarn minerals throughout boreholes, supporting the existence a buried nepheline syenite intrusion. The company used artificial intelligence (AI) to interpret the geochemistry of drill core and determined that the Veladora South area is more prospective. These data, plus core mineralogy, fentinization alteration in conjunction with 3D aeromagnetic geophysical data will be used to target other potential high-grade mineralization at Veladora South, and adjacent areas to the south of the current drill program within the untested Jemi Dykes area. The Jemi project is characterized by broad areas of peralkaline intrusion-related REE mineralized dykes and sills at the margins of the La Vasca igneous complex observed at that surface. These intrusive bodies contain high grades of heavy rare earth oxides (HREO) dysprosium (Dy) and terbium (Tb), light rare earth elements (LREE) neodymium (Nd) and praseodymium (Pr), all critical to permanent magnets for EVs. Additionally, surface samples contain high concentrations of niobium (Nb) and tantalum (Ta). Annuncio • Sep 14
Monumental Minerals Corp. Appoints Wasim Rehman to the Board of Directors Monumental Minerals Corp. announced the appointment of Wasim Rehman to the board of directors. Wasim Rehman has more than 20 years of experience in financial markets and is the founding partner of FWE Group and anactive private investor with a keen interest in the raw critical metals space. Mr. Rehman is a significant shareholder of Monumental, having participated in the most recent strategic financing. He focuses on assets created from the 2008 Global Financial Crisis, including illiquid special situations but also invests in more traditional assets such as equities, fixed income and funds. Over the past decade, he has invested in over 200 hedge funds in liquidation, purchasing over 4,000 line items and has been a counterparty to 20 out of the top 25 Hedge Fund investors globally. Prior to FWE Group, Wasim was Partner and Head of Risk Management at Marshall Wace Asset Management, and played a lead role in developing the quantitative research platform TOPS. He began his career at Goldman Sachs in Equities Trading. Wasim holds a first class degree in Mathematics from Cambridge University. Annuncio • Aug 17
Monumental Minerals Corp. Provides Update on Drilling At Jemi Heavy Rare Earth Element Project, Mexico Monumental Minerals Corp. (Monumental or the Company) provided an update on drilling at the Jemi rare earth element (REE) project (the Project) in Coahuila, Mexico, about 40 km south of the Texas, USA border. One diamond drill rig from Globexplore Drilling SA commenced drilling on the Veladora North prospect area within Monumental's claims starting in early July to test areas with high concentrations of REE-mineralized dykes and sills at the surface (see Company's news release dated July 12, 2023). To date, 1800 meters (m) have been drilled, with borehole depths ranging from 50 to 321 m. Twelve holes have been completed, and drilling of a final 13th hole is currently underway, with a target depth of 50 to 75 m. The first batch of 188 samples has been sent to ALS Laboratories (Zacatecas, MX) and results are expected in approximately 3 weeks. Numerous intrusive peralkaline dykes, sills, and veins, with identifiable eudialyte were intersected in the completed holes. Eudialyte is the mineral that is most commonly associated with REEs at Jemi. These peralkaline dykes and sills tend to occur in structural zones that appear to be adjacent to larger bodies of syenitic intrusions and are associated with irregular skarn mineralization at the contacts with the host carbonate sedimentary rocks. These zones are as much as several tens of meters in width downhole. The syenite may be the feeders for the peralkaline features (parental rocks) and pegmatitic intrusive rocks. Light rare earth element (LREE) bearing minerals such as monazite and xenotime have also been identified by visual inspection. The Jemi project is characterized by broad areas of peralkaline intrusion-related REE mineralized dykes and sills at the margins of the La Vasca igneous complex observed at that surface (see Company's news release dated April 4, 2023). These intrusive bodies contain high grades of heavy rare earth elements (HREEs) dysprosium (Dy) and terbium (Tb), light rare earth elements (LREEs) neodymium (Nd) and Praseodymium (Pr), all critical to permanent magnets for EVersus. Additionally, samples contain high concentrations of niobium (Nb) and tantalum (Ta). Annuncio • Jul 13
Monumental Minerals Corp. Begins Drilling At the Jemi Rare Earth Element Project, Mexico Monumental Minerals Corp. announced the commencement of drilling at the Jemi rare earth element (REE) project (the "Project") in Coahuila, Mexico, about 40 km south of the Texas, USA border. A diamond drill rig from Globexplore Drilling SA is now aligned on the first drill target, on the Veladora North prospect area within Monumental's claims. The drilling will test areas with high concentrations of REE-mineralized dykes and sills at the surface, and the Company's REE deposit model for Jemi. The model was developed based on detailed geological mapping, regional stream sediment sampling, ground radiometric geophysical surveys, and lithogeochemical sampling and suggests a mineralized REE layered intrusion (source of the dykes and sills) exists at a depth of less than 300 m. Monumental is planning to test a total of 6 drill targets to approximately 300 m each during this maiden campaign. The Jemi project is characterized by broad areas of peralkaline intrusion-related REE mineralized dyke and sills at the margins of the La Vasca igneous complex. These intrusive bodies contain high grades of heavy rare earth elements (HREEs) dysprosium (Dy) and terbium (Tb), light rare earth elements (LREEs) neodymium (Nd) and Praseodymium (Pr), all critical to permanent magnets for EVs. Additionally, samples contain high concentrations of niobium (Nb) and tantalum (Ta). Rare Earth Element Value and the Global Energy Transition Because of their unusual physical and chemical properties, REEs have diverse energy, industrial, and military technology applications. It is projected that rare earth magnets will maintain dominant market share, powering EVs as well as other types of electric motors (e.g., wind turbines, water pumps) this decade, as there is minimal to no substitution risk. Significant demand growth is therefore expected for key magnet rare earths (Nd, Pr, Dy, and Tb) is likely to continue. The strongest magnets are neodymium-iron-boron (NdFeB) and are used when space and weight restrictions are present. The addition of terbium and dysprosium to NdFeB magnets can double their optimal operating temperature from 80degC to 160degC. In addition, dysprosium with praseodymium increases a magnet's coercivity (the resistance of a magnetic material to change in magnetisation). The four key REEs (Nd, Pr, Dy, Tb) represent 94% of the REE market by value, all of which are significantly elevated at Jemi. Concentrations of Nb and Ta are also present that are potentially economically significant. Annuncio • Jun 21
Monumental Minerals Corp. Announces Maiden Drilling Program at the Jemi Heavy Rare Earth Element Project, Mexico Monumental Minerals Corp. announced a maiden drilling program project at the Jemi rare earth element (REE) project in Coahuila, Mexico, about 40 km south of the Texas, USA border. Rock sampling across a broad area discovered high grades of heavy rare earth elements (HREEs) dysprosium (Dy) and terbium (Tb), and light rare earth elements (LREEs) neodymium (Nd) and Praseodymium (Pr), all critical to permanent magnets for EVs. Additionally, samples contain high concentrations of niobium (Nb) and tantalum (Ta). The exploration work resulted in the definition of 6 high priority drill targets. An extensive surficial exploration program was completed at Jemi, with the aim of defining discreet drill targets. Exploration focused on the Jemi Dykes and Veladora North prospect areas within Monumental's claims, which host peralkaline intrusion-related REE mineralization. The work consisted of detailed geological mapping, regional stream sediment sampling, ground radiometric geophysical surveys, and lithogeochemical sampling (see Company's news release dated April 4, 2023). Based on that exploration work, Monumental has planned an initial drill program consisting of 1800 m over 6 drill holes, targeting high priority targets. All permits, land access agreements and drilling contracts have been obtained and the drilling program will commence the first week of July, 2023. It is expected to take approximately 60 to 90 days to complete, and assay results are expected within 6 weeks of sample submission to a commercial laboratory. The goal of the drill program is to define and delineate the source of REE-mineralized (eudialyte +/- aegirine rich) intrusive dykes and sills. Dysprosium oxide (Dy2O3) and terbium oxide (Tb2O3) in surface samples within the priority areas that are classified as peralkaline (92 samples) range between 959 ppm and 4 ppm; and 147 ppm and 0.7 ppm, respectively. The average concentration for Dy2O3 is 110 ppm; and the average for Tb2O3 is 17 ppm. The magnetic light rare earth oxides, namely neodymium oxide (Nd2O3) and praseodymium oxide (Pr2O3), ranged between 3173 ppm and 30 ppm; and 824 ppm and 8 ppm, respectively. The average concentration for Nd2O3 is 467 ppm; and for Pr2O3 it is 132 ppm. These values are in trend with HREO2 concentrations and the ratio of HREO2 to LREO3 is consistently on average 1:2, suggesting similar REE-hosting phases across the project. In addition to being REE-mineralized, the surface samples are also enriched with respect to tantalum (Ta) and niobium (Nb). Assays for these critical elements in all samples from the Jemi project returned values to 976 ppm Ta2O5 and greater than (>) 3576 ppm Nb2O5, with an average concentration of Ta2O5 of 114 ppm and Nb2O5 of 1114 ppm. Recent Insider Transactions • May 26
Founder recently bought €62k worth of stock On the 23rd of May, Maximilian Sali bought around 10k shares on-market at roughly €6.19 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Maximilian has been a buyer over the last 12 months, purchasing a net total of €238k worth in shares. Board Change • Mar 01
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Kris Raffle is the most experienced director on the board, commencing their role in 2020. Independent Director Michelle DeCecco was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Kris Raffle is the most experienced director on the board, commencing their role in 2020. Independent Director Michelle DeCecco was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Sep 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Michelle DeCecco was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Kris Raffle was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 02
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Kris Raffle was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 25
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Kris Raffle was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 