VANCOUVER, BC, Sept. 13,
2023 /CNW/ - Monumental Minerals Corp.
("Monumental" or the "Company") (TSXV: MNRL) (FSE:
BE5) is pleased to announce 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 an active 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.
Jamil Sader, Monumental's CEO
comments:
"We are thrilled to have Mr. Rehman join the
Monumental Board. His experience and expertise in capital markets
and management adds significant depth to the company. We look
forward to the knowledge and guidance that Mr. Rehman brings in
defining our strategy and future of Monumental Minerals."
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 acquire 100% of the 3,650-hectare project.
The Company has an option to acquire a 75% interest and title to
the Laguna Blanca project located in Chile; and the Company has an option to
acquire a 50.01% interest and title to the Turi project located in
Chile.
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.
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.sedarplus.ca.
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. The Company does not undertake to update
forward–looking statements or forward–looking information, except
as required by law.
SOURCE Monumental Minerals Corp.