VANCOUVER, BC,
Feb. 22, 2022 /CNW/ -
Monumental Minerals Corp. ("Monumental" or the
"Company") (TSXV: MNRL) is pleased to announce the
appointment of Dr. Jamil Sader as
the Chief Executive Officer ("CEO") of the Company.
Outgoing CEO Mr. Max Sali
tendered his resignation in favour of Dr. Sader, which has been
accepted by the Board of Directors. Mr. Sali remains as a director
and is the founder of the Company.
Jamil Sader, CEO comments "I
am excited to join Monumental Minerals as CEO at this pivotal time
in the Company's history. I look forward to working with a very
well supported team that have a proven track record in the
discovery and development of critical metals. I have been involved
with Monumental as a Director for a number of months, and
see our flagship Jemi heavy rare earth element ("REE") project in
northern Mexico as an excellent
opportunity to deliver REE security to North America. I congratulate Max Sali for his leadership to date in founding
the Company and introducing such an attractive project."
Dr. Jamil Sader obtained his
Ph.D. from the University of Ottawa. He
has over 20 years of experience in the mineral resource industry
and has held international senior technical and management
positions including at MMG Resources, Bureau Veritas Minerals, and
most recently with Anglo American.
His extensive experience, from field geologist to senior
management, has provided Dr. Sader a deep understanding across many
facets of critical, base, and precious, metals, and an extensive
global network of industry professionals. Dr. Sader is also a
technical advisor for Aguila Copper Corp.
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 HREE project located in Coahuila, Mexico near the Texas, USA border which the company has an
option to own 100% of the 3,650-hectare project with additional
acreage pending. The Company has an option to acquire a 100%
interest and title to the Weyman property located in the
Kamloops and Nicola Mining
Divisions and in the Thompson Nicola Regional District,
British Columbia.
On behalf of the Board of Directors,
/s/ "Jamil Sader"
Jamil
Sader, Chief Executive Officer
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, advancing the Jemi project, 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.
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, failure to maintain all necessary government
permits, approvals and authorizations, 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 and other metals,
failure to maintain community acceptance, increase in costs and
litigation. The Company does not undertake to update
forward–looking statements or forward–looking information, except
as required by law.
SOURCE Monumental Minerals Corp.