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[Video Enhanced] Monumental Minerals (MNRL.V) Gets a Greenlight from Local Community to Drill in Chile's Lithium Triangle
(TheNewswire) February 6, 2023 - TheNewswire - Global Stocks News - Monumental Minerals (TS...
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About this update from Monumental Energy Corp.
[{"type":"text","content":"[Video Enhanced] Monumental Minerals (MNRL.V) Gets a Greenlight from Local Community to Drill in Chile's Lithium Triangle\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n February 6, 2023 - TheNewswire - Global Stocks News -\nMonumental Minerals (TSXV:MNRL) (FSE:BE5) (OTC:MNMRF) signed\n \n \n \n \n an agreement with the\nAyquina-Turi Indigenous Community\n \n \n \n \n for\n“land and exploration and drilling access” at the Salar de Turi\nlithium project in Chile’s famed lithium triangle.\n \n \n \n \n “This zone is estimated to contain more than half of\nthe world’s lithium supply beneath the many salt flats,” states\nMNRL, “The Turi Project is comprised of 40 exploration concessions\ntotaling 8,500 hectares.”\n \n \n \n \n Monumental Minerals is developing\n \n \n raw materials for the global energy\ntransition\n \n \n , simultaneously advancing two lithium\nprojects in Chile as well as the Jemi HREE project in Mexico.\n \n \n \n \n All domestic and international explorers operating in\nChile require a greenlight from the local communities to conduct\nexploration activities, if they are on indigenous ancestral\nland.\n \n \n \n \n Roughly 28% of Chilean mines are state-owned, operated\nby Santiago-based Codelco, while the other\n \n \n \n \n 72 per\ncent\n \n \n \n \n are owned by private or public\nnon-government entities. The\n \n \n \n \n value of Canadian mining\nassets in Chile is about $21 billion\n \n \n \n \n .\n \n \n \n \n With a market cap of CAD $6.7 million, Monumental’s\nagreement with the Ayquina-Turi Indigenous Community constitutes a\nsignificant development milestone.\n \n \n \n \n On February 6, 2023, Monumental CEO Jamil Sader\ndiscussed the Salar de Turi news with GSN’s CEO Guy Bennett.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n “We have an agreement in place with the Ayquina-Turi\ncommunity to carry out exploration activities, including drilling,”\nSader confirmed, “We're thankful for the community granting us\naccess. They've been exceptional. We are looking forward to a long\nrelationship with them”.\n \n \n \n \n GSN asked Sader if MNRL now needed to apply for\ngovernment permits.\n \n \n \n \n “There's no permits required,\n \n \n per se\n \n \n ,” explained\nSader. “...