VANCOUVER, BC, Dec. 14,
2023 /CNW/ - Monumental Energy Corp.
("Monumental" or the "Company") (TSXV: MNRG) (FSE:
BE5) (OTCQB: MNMRF) is pleased to announce the appointment of
Frank Jacobs, New Zealand Energy
Corp's largest shareholder and director, to the board of Monumental
Energy.
Max Sali, Founder, Director and
VP Corp Development comments "It is a great pleasure to add
Frank Jacobs to our board of
directors, especially as the largest shareholder of NZ Energy Corp.
His wealth of knowledge as a successful petroleum engineer brings a
great deal of experience to our board as we move toward multiple
avenues of clean and green assets and investments. We are
privileged to be able to invest alongside Frank and drive value
through this opportunity. I have always said that anyone who puts
their own capital towards an investment means that they demonstrate
their faith in what is bound to come and Frank as a highly
successful individual gives us confidence that this investment will
be a success."
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.
About Monumental Energy
Corp.
Monumental Energy Corp. is an exploration company focused on the
acquisition, exploration, and development of properties in the
critical and clean energy sector. The Company has an option to
acquire a 75% interest and title to the Laguna cesium-lithium brine
project located in Chile and a
50.01% interest in the Salar De Turi lithium project in
Chile. The Company has an option
to acquire a 100% interest in the Jemi HREE project located in
Coahuila, Mexico near the
Texas, USA border. The Company
owns securities of New Zealand Energy Corp.
On behalf of the Board of Directors,
/s/ "Michelle Dececco"
Michelle Dececco, Interim Chief Executive
Officer and Director
Contact Information:
Email: michell@monumental.energy
Or
Email: msali@monumental.energy
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.
SOURCE Monumental Energy Corp.
