VANCOUVER, BC, Feb. 6, 2023
/CNW/ - Monumental Minerals Corp. ("Monumental Minerals" or
the "Company") (TSXV: MNRL) (FSE: BE5) (OTCQB: MNMRF) is
pleased to announce the signing of an agreement with the
Ayquina-Turi Indigenous Community for land and exploration access
at the Salar de Turi lithium project (the "Turi
Project"). Turi is located about 60 km northeast from the
city of Calama, Chile, within the
lithium triangle.
Dr. Jamil Sader, CEO
comments:
"Monumental Minerals is committed to a
respectful, transparent and a mutually beneficial relationship with
the Ayquina – Turi Indigenous Community and we thank them for
permitting us to explore and drill on their ancestral lands. It has
been a pleasure working with the community, and we look forward to
continuing to strengthen our relationship. Social governance and
community engagement is a key Monumental Minerals' policy, and we
pledge to work with all stakeholders."
The Ayquina-Turi Community comments
"The Ayquina-Turi Community has reached an
agreement with Monumental Minerals to continue the drilling of two
wells in the Salar de Turi. This agreement is made in the context
of mutual respect of the parties, and the commitment to local
indigenous communities, which are the basis for developing a
lasting relationship".
The Turi Project is situated 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
Turi Project is comprised of 40 exploration concessions totaling
8,500 hectares, 100% owned by Lithium Chile Inc. (TSX-V: LITH)
through its wholly owned Chilean subsidiary Minera Kairos Chile
Limitada. Monumental Minerals has the option to acquire a 50.01%
interest and title in and to the Turi Project. The Turi Project is
accessible from the city of Calama (60 km to the southwest) via the
paved roads 21CH, and B-165 and is close to infrastructure. Travel
time from Calama to the Turi Project is approximately 1 hour (see
news releases dated October 6, 2022
and August 23, 2022 for additional
details and map).
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 Heavy Rare Earth Element
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 also has an option to
acquire a 75% interest and title to the Laguna Blanca project
located in Chile and an option to
acquire a 50.01% interest and title to the Turi Project.
On behalf of the Board of Directors,
/s/ "Jamil Sader"
Jamil
Sader, Chief Executive Officer and Director
Contact Information:
Dr. Jamil Sader,
CEO
Email: jsader@monumentalminerals.com
Mr. Maximilian Sali, VP
Corporate Development
Email:
msali@monumentalminerals.com
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.
Cautionary Statement Regarding
Forward Looking Information
This news release contains "forward–looking information or
statements" within the meaning of applicable securities laws, which
may include, without limitation, potential exploration activities
on the Turi Project, relations with Ayquina-Turi Indigenous
Community, 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 and information 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 those 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, general
economic, market, business conditions, failure to maintain all
necessary government permits, equipment failures, adverse weather
and climate events, 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, lithium, cesium and other metals,
restriction on labour and international travel and supply chains,
approvals and authorizations, and failure to maintain community
acceptance (including Indigenous peoples). The Company does not
undertake to update forward–looking statements or forward–looking
information, except as required by law.
SOURCE Monumental Minerals Corp.