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Monumental Gold ( (TSE:MNRG) ) has issued an announcement.
Monumental Energy Corp. announced a non-brokered private placement financing aimed at raising up to C$1.5 million through the issuance of units consisting of common shares and purchase warrants. The funds will be used for workovers in New Zealand, corporate expenses, and ongoing project costs in Chile, strengthening its operations and strategic positioning in the energy sector.
More about Monumental Gold
Monumental Energy Corp. is an exploration company focused on the acquisition, exploration, and development of properties in the critical and clean energy sector, as well as investing in oil and gas projects. The company owns securities of New Zealand Energy Corp. and has strategic agreements regarding the Copper Moki wells in New Zealand and the Laguna project in Chile.
YTD Price Performance: 150.0%
Average Trading Volume: 711,108
Technical Sentiment Consensus Rating: Sell
For a thorough assessment of MNRG stock, go to TipRanks’ Stock Analysis page.