Welcome back to a brand new video everyone. We recently heard Elon
Musk say Lithium Refining Prints Money, but as we know, before we get to do any refining,
we first have to extract the raw material which is a very important step.
And with the global outlook of demand outstripping supply over the long term, you would be onto a
winner with any low cost sustainable lithium play, with a road map to commercialisation.
So in todays video I share with you one top canadian lithium gem, which is brand new both
to the markets and the channel but they are already making some big moves and statements,
within the lithium triangle, which is one of the worlds highest purity lithium districts.
And not only that they have a portfolio of high value metals which gives them a significant
competitive advantage over the long term. This is a Canadian gem which we haven’t covered before
which has significant potential, so make sure you watch till the end so you hear from their
CEO on the potential of their and their future outlook for the rest of the year.
If you hold Lake Resources, then the chances are you would like this stock,
so make sure you hear what they CEO has to say.
That said please drop a quick like on the video and hit the bell, so we can get on with it and
talk about Monumental Minerals Corp (OTC: MNMRF & TSX:MNRL) which is now trading at 15cents per
share with a market cap of $5.4m. So a very tiny cap stock which depending on how you look at it,
you could either be seeing the risk as opposed to the big opportunities which come with this
package. Monumental is sitting down 46% ytd as with most other stocks at the moment. But what
is of deep interest here is the sector in which they play, the company specific opportunities
which they have which when put together makes this one ripe for a take-off. And
as we always aim to buy low and sell high, there couldn’t be a better time to start watching this.
And btw, a decent platform to trade Canadian lithium gems like this in one place is Interactive
Brokers, which is a low cost & award winning platform which allows you to trade over 135
markets. So if you need a global platform to trade a wide range of stocks, with low fees,
in tough times like this, then you certainly want to checkout IBKR from my link below.
So here’s what’s new with Monumental which you need to be aware of.
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 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 cesium-lithium brine project located
in Chile. They are well positioned for the strong and growing global energy transition, and clearly
recognize that a departure from fossil fuels is a move towards sustainably acquired critical metals.
Monumental announced that its common shares have qualified to trade on the OTCQB Venture
Market ("OTCQB") under the symbol "MNMRF". It is anticipated that the Company's uplisting to the
OTCQB will provide greater liquidity and a more seamless trading experience for U.S. shareholders.
Trading on the OTCQB begins on August 22, 2022.
Jamil Sader, their CEO commented that
"Listing their shares on the OTCQB is an important part of the Monumental Minerals strategy
as it will allow them to achieve greater market visibility along with increased trading liquidity
within the investment community and greater access to analyst coverage and news services.
We always say when trading in the OTC space, outside looking for sustainably profitable
companies, another thing to look for, is how good is their management team. And its still
very early stages but Momumental’s management are already making some big statement moves
and flexing their muscles, not just anywhere but in the lithium triangle,
which is the location for one of the world’s highest grade lithium district.
They announce that they had signed a letter of intent ("LOI") to acquire
a 50.01% interest in the Salar de Turi Project (the "Project")
from Lithium Chile Inc. ("Lithium Chile") located within the Lithium Triangle.
The Salar de Turi Project is located within the prolific Lithium Triangle
("LT"), a zone within the central Andes high desert that includes Chile,
Argentina, and Bolivia. The LT zone is estimated to contain more than half of the world's lithium
supply beneath the many salt flats, also known as salars, that are common to the region.
The Project comprises 31 exploration concessions totalling 8,500 hectares,
100% owned by Lithium Chile through its wholly owned Chilean subsidiary Minera Kairos Chile.
Their CEO commented that, "The relationship they have built with Lithium Chile continues
to develop into a growing joint effort to advance high-value salars towards lithium brine resources.
Steve Cochrane, CEO and Director of Lithium Chile added that,
"They feel that Monumental have the capability as demonstrated with Laguna Blanca,
to advance the Salar de Turi Project. This joint venture will benefit both parties substantially
with Lithium Chile being the largest shareholder of Monumental Minerals.
The Joint venture is consistent with their desire to maximize the return on our Chilean assets
while their focus is on their Arizaro Argentinian development program."
But before we go any further let’s build on this to hear from their CEO
about more on that partnership with Lithium Chile and the unique
opportunities which Monumental has and their outlook for the rest of the year.
How interesting. Monumental has a solid management team
led by Dr Jamil Sadar. He has over 20 years of experience in the mineral
resource industry and has held senior international and management positions.
So in summary Monumental has a portfolio of metals of which are most noteworthy lithium, which
as we know demand is outstripping supply. The lithium market is in a deficit, which will widen
significantly from 2027 onwards, and more new sources will be required to meet the shortfall.
Cesium on the other hand, is a less understood rare
mineral with high value. How very interesting.
So some very very interesting and mindblowing prospects ahead for these lithium stocks
but only consider getting in if the price is right for you and if you fully understand the
risks. This video is not financial advice, a buy or a sell recommendation, but is meant to
bring some new and exciting penny stocks to your attention for you to do your own research.. As
always I would love to hear from you, so please let me know your thoughts on these top penny
stocks in the comments section below and what other penny stocks are catching your eyes lately.
And If you are new to my channel, please ensure to subscribe and hit the bell so you are notified
when I upload new videos. If you would like to see more videos like this, please check out this
video right here or this playlist right here to watch equally insightful content from the channel.
Thank you so much for being here and I look forward to have you in my next video. Thank you