Monumental Minerals (MNRL.V) Signs LOI for New Lithium Brine Project in Chile

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[{"type":"text","content":"Monumental Minerals (MNRL.V) Signs LOI for New Lithium Brine Project in Chile\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n August 24, 2022 - TheNewswire - Global Stocks News -\n \n \n Monumental Minerals\n \n \n (TSXV:MNRL) (FSE:BE5) (OTC:MNMRF) just signed\n \n \n \n \n an LOI with Lithium\nChile to acquire a 50.01% interest in the Salar de Turi\nProject\n \n \n \n \n , located within the famed\nLithium Triangle about 120 km northwest from the Salar de Laguna\nBlanca and 60 km northeast from the City of Calama, Chile.\n \n \n \n \n Monumental Minerals is developing raw materials for the\nglobal energy transition. Upon completion of a definitive agreement,\nthe Salar de Turi project will be added to MNRL’s mineral portfolio\nwhich includes the Jemi HREE project in Mexico and the Laguna Blanca\ncesium-lithium brine project located in Chile.\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n The synergies in this LOI are not hard to unpack. With\nan interest in 11 salars and 2 laguna complexes in Chile and 23,300\nhectares in Argentina, Lithium Chile can not simultaneously run\nexploration programs on all its assets.\n \n \n \n \n \"Our technical team identified the Salar de Turi\nProject as having compelling geophysics and surface geochemistry based\non previous work done by Lithium Chile,” Max Sali, VP of Corporate\nDevelopment and Director of MNRL explained to GSN.\n \n \n \n \n “We sent the data to\n \n \n \n \n Frits Reidel, Managing\nDirector of Atacama Water\n \n \n \n \n ,  who\nspecialises in the evaluation of lithium brine resources,” continued\nSali, “The consensus from Mr. Reidel and our CEO Jamil Sader, was,\n‘this is something we should own’”.\n \n \n \n \n “The negotiations were fairly straight forward,”\nstated Sali, “We already have a good working relationship with the\nCEO of Lithium Chile, Steve Cochrane.  Their VP of Corporate\nDevelopment, Michell Dececco is on our board of Directors.”\n \n \n \n \n Monumental Minerals has assembled a strong lithium\nbrine exploration team in Chile that has been advancing the Laguna\nBlanca lithium brine and cesium sediment project.\n \n \n \n \n Recent Laguna Blanca sediment samples returned values\nof 1160 ppm lithium, and 175 ppm cesium. Cesi...

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