Monumental Energy is pleased to announce that it has entered into a call option and royalty agreement with New Zealand Energy Corp. enabling the Company to participate in the refurbishment and restart of two significant previously producing oil wells in New Zealand. On exercise of the call option, Monumental shall receive 25% of the value received from the sale of oil and gas from the two wells. The option and royalty [...]
TARIKI-5 Monumental Energy Corp. is pleased to announce that New Zealand Energy Corp. has commenced drilling on its highly anticipated Tariki-5 conventional gas well in the Taranaki region located on the north island of New Zealand. The Tariki Joint Venture, comprised of NZEC's wholly owned subsidiary, NZEC Tariki Limited and L&M Energy Limited , reports that operations for the Tariki-5 well commenced at 6:30am on [...]
Monumental Energy Corp. is pleased to announce that it will be doing site visits and due diligence on multiple conventional oil and gas opportunities in the Taranaki region located on the north island of New Zealand with New Zealand Energy Corp. . Potential opportunities include the farm-in on several oil workover wells, royalty or streaming arrangements, exploration of new oil and gas targets on NZEC concessions and a [...]
Monumental Energy Corp. is pleased to provide an update on its active participation in the Request for Information process initiated by the Chilean Ministry of Mining for lithium exploration and exploitation. The RFI process attracted 88 applications from companies across 10 countries, including 11 submissions from Canadian-based companies. Applications were received for 16 salt flats and 28 different lithium projects [...]
Monumental Energy Corp. is pleased to announce that all matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, were approved by the requisite majority of votes cast at the annual general and special meeting of shareholders held on July 12, 2024 , including fixing the number of directors at six, electing each of Michelle DeCecco, Max Sali, Ryan Cheung [...]
Monumental Energy Corp. is pleased to announce the latest Chilean Government update in the context of its Lithium Strategy. In April 2024, Chile, through its Ministry of Mines, announced the process for Chilean and foreign investors to express interest in developing projects to explore and/or exploit lithium from deposits located in Chile. Consequently, the Ministry of Mines approved the procedure in order to file for a [...]
Monumental Energy Corp. is pleased to announce that it has increased its strategic investment in New Zealand Energy Corp. . Pursuant to NZ's $5,000,000 non-brokered private placement completed on May 9, 2024 , Monumental acquired an additional 293,333 common shares of NZ at a price of $0.75 per share for a total subscription price of $220,000. Together with Monumental's initial investment in December 2023, the Company [...]
Monumental Energy Corp. is pleased to announce that it has increased its strategic investment in New Zealand Energy Corp. . Pursuant to NZ's $5,000,000 non-brokered private placement completed on May 9, 2024 , Monumental acquired an additional 293,333 common shares of NZ at a price of $0.75 per share for a total subscription price of $220,000. Together with Monumental's initial investment in December 2023, the Company [...]
Monumental Energy Corp. is pleased to announce the latest Chilean Government update on its Lithium Strategy. On April 15, 2024, Chile, through its Ministry of Mines, launched the process for Chilean and foreign investors to express interest in developing projects to explore and/or extract lithium from deposits located in Chile. Under this strategy, the Ministry of Mines has approved the procedure for the Request for [...]
Monumental Energy Corp. is pleased to announce the closing of its previously announced transaction pursuant to an arm's length option acquisition agreement with Summit Nanotech Corporation dated April 11, 2024, whereby the Company has transferred and assigned its rights and obligations under the Turi Option Agreement to Summit . The Company had previously entered into an option agreement with Lithium Chile Inc. and its [...]
Monumental Energy is pleased to announce that it has entered into an arm's length option acquisition agreement with Summit Nanotech Corporation dated April 11, 2024, whereby the Company has agreed to transfer and assign its rights and obligations under the Turi Option Agreement to Summit. The Company had previously entered into an option agreement with Lithium Chile and its wholly-owned Chilean subsidiary Compania Minera [...]
Monumental Energy is pleased to provide an operational update from New Zealand Energy highlighting developments pertinent to Monumental's investment made into NZEC on Dec 12, 2023. Monumental currently owns and controls 1,000,000 common shares, constituting a 12.92% equity ownership stake in NZEC, acquired at a cost base of $0.38 cents per share. As reported by NZEC on February 15, 20241: Tariki-5 New Development Well [...]
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