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An update from Monumental Gold ( (TSE:MNRG) ) is now available.
Monumental Energy Corp. has successfully closed the first tranche of its non-brokered private placement, raising $568,350 through the sale of 4,371,923 units. The proceeds are earmarked for workovers in New Zealand, corporate expenses, and the Laguna Project in Chile. The company plans to close a second tranche by mid-March, pending regulatory approvals. This move is part of Monumental’s strategy to strengthen its operations in the energy sector, focusing on both traditional oil and gas and clean energy initiatives.
More about Monumental Gold
Monumental Energy Corp. is an exploration company engaged in the acquisition, exploration, and development of properties within the critical and clean energy sector, alongside investments in oil and gas projects. The company holds securities in New Zealand Energy Corp. and has agreements related to the Copper Moki wells in New Zealand. Additionally, it has an option to acquire a significant interest in the Laguna cesium-lithium brine project in Chile and holds a royalty interest in future lithium production from the Salar de Turi Project.
YTD Price Performance: 83.33%
Average Trading Volume: 450,060
Technical Sentiment Consensus Rating: Sell
For detailed information about MNRG stock, go to TipRanks’ Stock Analysis page.