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Monumental Gold ( (TSE:MNRG) ) just unveiled an announcement.
Monumental Energy Corp. has completed the planning and procurement stages for the workover operations of the Copper Moki 1 and 2 wells in partnership with New Zealand Energy Corp. The project is expected to commence in mid-April 2025, with Monumental set to receive a substantial share of the oil and gas revenue. This initiative is seen as a strategic move to enhance shareholder value and secure long-term profitability. The company also confirmed that U.S. tariffs will not affect its New Zealand operations, and it has successfully raised sufficient funds to support its operations for the next year.
More about Monumental Gold
Monumental Energy Corp. is an exploration company focused on acquiring, exploring, and developing properties in the critical and clean energy sector, as well as investing in oil and gas projects. The company holds securities of New Zealand Energy Corp. and has agreements related to the Copper Moki wells. Additionally, it has an option to acquire a significant interest in a cesium-lithium brine project in Chile and holds a royalty interest in a lithium production project.
YTD Price Performance: 66.67%
Average Trading Volume: 352,416
Technical Sentiment Consensus Rating: Sell
See more insights into MNRG stock on TipRanks’ Stock Analysis page.