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The world demands rare earth elements and North America has very limited local supply. This lack of supply is a huge concern for our future; One that Monumental Minerals could potentially solve.
For the first time in a decade, rare earth element supply concerns are peaking the interest of bullish investors as the world leaders continue to add international trade friction through their oft-childish embroilments all while the demand continues to skyrocket.
A perfect storm is brewing for Monumental Minerals Corp. (TSX-V: MNRL) and its Jemi Project which has exposure to known occurrences of several rare earth minerals, thousands of hectares of permitted land, located within a trending belt that contains rare earth elements.
Monumental Minerals has formed a proven team and an experienced exploration company with intent on being the next significant rare earth element resource producer and supplier in North America. The highlights below outline how and why!
National Instrument 43-101 Technical Report on the Jemi Rare Earth Property, Coahuila State, Mexico, effective October 20, 2021 and prepared by Craig Gibson, Ph.D., CPG, is available under Monumental’s profile on SEDAR (www.sedar.com).
Rare Earth Elements (REEs or Rare Earth Metals) present an unrivaled investment opportunity for arguably the first time since the geopolitical incident between China and Japan 2010. The $13.2bn REE industry finds itself on a knife-edge.
At any given time, China, who has an 85% stranglehold on the global production and supply market, could again restrict global REEs supply sending the western world into a downward spiral as they would seek to secure the literal rare earth elements.
However, contrary to 2010 when China imposed supply restrictions, the aggressive 10.8% CAGR forecasted over the coming years is due to an explosion in demand. Technological advancements including consumer electronics, clean energy & EV vehicles, military, and other everyday industries and applications.
The perfect storm is brewing for countries as they push to limit the effects of a supply crunch from China and to meet aggressive metal demands for revolutionary advancements. Governments need to secure REEs from local producers and are now doubling down on funding homegrown and operated rare earth projects.
In August 2020, the Russian government announced plans to invest USD $1.5bn across 11 rare earths projects by 2030. And the U.S. Department of Defense $30m for a local REE separation plant.
Monumental Minerals Corp. (TSX-V: MNRL) is a North American mineral exploration company headquartered in Vancouver, Canada with an option to acquire 100% to the Jemi heavy rare earth elements (HREE) project which is permitted with known HREE occurrences. Systematic geological mapping and sampling are needed to evaluate the potential for encountering an economic deposit and for definition of targets for drilling. Importantly, drill permits have been obtained for the Jemi Property located in Mexico.
Lack of Rare Earth Element Production & Supply Over the Next 10 Years Could Disrupt Our Future. Current demand outweighs supply by 3,000 tons per year. While key industries continue to demand more REEs, supply shortages will increase, causing metal prices to skyrocket.
Rare earth elements have been identified as crucial to national and economic security by the U.S. Department of Interior which is inclusive of 17 REEs.
Of the 17 REEs that were listed, Monumental Minerals’ Mexico property, Jemi, has known occurrences of two Heavy REEs (HREEs), Terbium and Dysprosium (Dy), along with 4 other REEs, Yttrium, Niobium, Zirconium and Tantalum.
Rare Earth Elements can be broken down into two categories; Light REEs and Heavy REEs. The difference between these two is as their name suggests - their atomic weights.
Heavy Rare Earth Elements are significantly less abundant than their lighter relatives. These REEs are comprised of europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, lutetium and yttrium.
Monumental Minerals has known occurrences of two HREEs - Terbium and Dysprosium - at the Jemi Project property. Additional REEs on the property include Yttrium, Niobium, Zirconium and Tantalum.
National Instrument 43-101 Technical Report on the Jemi Rare Earth Property, Coahuila State, Mexico, effective October 20, 2021 and prepared by Craig Gibson, Ph.D., CPG, is available under Monumental’s profile on SEDAR (www.sedar.com).
Heavy rare earth elements are not as abundant as light rare earth elements and are mostly produced in China. Their demand however is trending the same way - aggressively increasing and outweighing supply at current levels. This poses a very significant opportunity for exploration companies with known HREE occurrences.
HREEs are predominantly produced in China and are very limited in supply. China has 70% market control as a result of prohibiting foreign mining investments unless a 50% joint venture is in place with Chinese firms.
Given the control over the market which China currently holds, coupled with their limited supply, Monumental Minerals is very well positioned to potentially disrupt the heavy rare earth minerals market in North America.
A significant opportunity exists for their operations to become heavily integrated into the North American supply chain for Dysprosium, Terbium, and other REEs.
Dysprosium is a heavy rare earth element that has a bright silver-metallic appearance and is extremely smooth to cut with a knife. It has been in use in many applications such as commercial lighting for producing laser products, control rods for nuclear reactors, hard disks and wind turbines.
The global dysprosium market was USD 510 million in 2018 and is expected to reach around USD 752 million by 2025, at a CAGR of 5.7% between 2019 and 2025.
This significant growth projection is a result of the increasing demand from the automotive and electronics industries. Additionally, permanent magnet uses are expected to dominate the materials demand when referencing Dysprosium by application.
The global permanent magnet market, critical to technological advancements including smartphones, electric vehicles, and clean energy, has been earmarked as a potential $54.1bn global market.
The North American dysprosium market is projected to contribute significantly to global demand in the coming years with the U.S. leading the way. Extreme importance for acquisitions of heavy REEs, in particular Dysprosium and Yttrium, is coming from the US Defense Force. The future production of their state-of-the-art military equipment.
The US purchases approximately 25% of the 100 tons of Dysprosium that only China produces. With no North American production, a concerning situation exists should Chinese trade tensions boil over.
According to the U.S. Department of Energy, the broad variety of dysprosium present and expected uses along with the absence of any immediately appropriate substitute make dysprosium the single most critical element for emerging clean energy technologies.
The broad variety of dysprosium types include oxide, metal, acetate, chloride, and other. Dysprosium oxide is projected to be the most dominating segment.
Monumental Minerals' known occurrences of Dysprosium on the Jemi property will aim to supply into the oxide market at a time when demand is extremely high and prices are accordingly reflective. Dysprosium oxide price per kilogram (in USD) in 2021 is $302 and is projected to reach $530 in 2025.
Terbium, the second HREE known to be present on Monumental Minerals’ Jemi Property, is also a soft silvery metal. It’s extraction from its host mineral is readily available. It is used in many applications such as solid-state devices, low-energy lightbulbs, and mercury lamps. In more recent years, it has drastically improved the safety of medical x-ray imaging as it enables the same high quality imaging through a much shorter exposure time.
And similar to Dysprosium, Terbium is also a key element for applications such as magnets, and nuclear reactors, among others.
The global terbium market is expected to grow at a CAGR of 3.52% between 2019 and 2024.
As the market continues to grow, the price of terbium oxide is also forecast to follow this trend. In fact, the price has been increasing each year since 2016. Between 2020 and 2021 saw the largest price hike from $671 to $923 per kilogram (USD).
The global demand for REEs, and in particular HREEs, is continuing to increase as rates greater each year on the back of advancements to technology including consumer electronics, clean energy, and state of the art military equipment, among others.
Moreover, supply concerns are beginning to resurface as China continues to control the global market.
Dysprosium and Yttrium, known HREEs on Monumental Minerals’ Jemi property, are identified by the US Defence Logistics Agency as materials for potential acquisition in FY2022.
The US Defense Logistics Agency recently announced their Fiscal Year 2022 Annual Materials Plan (AMP) for potential acquisitions. Seventeen materials were listed and six of those were rare earth elements including Dysprosium and Yttrium.
The US Defense Logistics Agency have indicated that between now and September 30, 2022 they will potentially acquire up to 20 million tons (Mt) of Dysprosium plus 25Mt of Terbium. While current production and supply chain markets force the US to import a majority of their required Dysprosium and Terbium, the government has stated their priorities and intentions are to source rare earth elements locally.
For Monumental Minerals, it is most important to the team that they execute on the Jemi property and develop a HREE producing source for North America.
In addition to Dysprosium and Terbium, the Jemi property is also host to a number of other important and sought after REEs which only bolster their project upside opportunities and potential to increase shareholder value.
Monumental Minerals is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties. Their flagship property, the Jemi Project, is located in the mining friendly jurisdiction of northern Coahuila State, Mexico approximately 40km south of the Texas border with road and utility access.
Monumental Minerals provides early investors the benefits of an early stage exploration company with potential upside of a producing mining company.
Monumental Minerals has the option to acquire 100% ownership of the Jemi Project which has known occurrences of globally valued heavy REEs used in high-technology and clean-energy applications - crucial to the advancement of critical issues such as global warming.
The known discoveries at the Jemi Project property are Dysprosium & Terbium. Both heavy rare earth elements, they are in very high demand for lighting and permanent magnet applications, among others.
The Jemi Project also hosts Yytrium, Niobium, Zirconium and Tantalum rare earth elements. These are the known occurrences of REEs. The unknown potential of the Jemi Project is also extremely exciting as exploration of the property is at an early stage with less than 5% of property explored for REEs.
Monumental Minerals is a mineral exploration company and they’re focused on the acquisition, exploration and development of mineral resource properties. Their goal is to develop a portfolio of projects in the critical battery and electric metals sector.
In early stage companies, and in particular in the junior mining and exploration sector, the very first, and most important step for the best chance at success, is the appointment of a world class management and technical team.
Monumental Minerals delivered on this first step. The company boasts an experienced rare earth management team that would challenge the best in the industry.
Most notably, Max Sali (founder) and Kris Raffle (P.Geo) were instrumental in the success of Defense Metals - one of the most advanced rare earth exploration companies listed on the Canadian venture exchange (TSX.V).
The share structure of a company will tell you a lot about the intentions of the company and its management team. When a company has a tight share structure, just as Monumental Minerals does, it is a sign that they’re extremely selective in their acquisitions and diligent in their operations.
Monumental Minerals’ plans to create shareholder value through becoming a North American rare earth minerals producer, or through the sale of the asset, as aligned with their ambitions to reward investors by operating tightly and minimizing stock dilution when possible.
The company currently has just over 23 million shares issued and outstanding and under 26 million fully diluted.
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The content disclosed herein is intended to highlight Monumental Minerals Corp. for your further investigation; this is not a stock recommendation or constitute an offer or sale of the referenced securities. The securities of Monumental Minerals Corp. may be considered high risk; if you do invest despite these warnings, you may lose your entire investment. Please do your own research before investing, including reading the company’s SEDAR and SEC filings, press releases, and risk disclosures. It is our policy that information contained in this profile was provided by the company, extracted from SEDAR and SEC filings, company websites, and other publicly available sources. We believe the sources and information are accurate and reliable but we cannot guarantee it. We do not guarantee the timeliness, accuracy, or completeness of the information on our website / media webpage. The information in our website / media webpage is believed to be accurate and correct and We have asked Monumental Minerals Corp. to review the contents as it relates to them, but has not been independently verified and is not guaranteed to be correct.
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Forward-Looking Information & Risk Factors
Certain statements and/or graphics in the Company’s press releases, web site information and corporate displays, among others, constitute “forward looking statements”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward looking statements may be identified by terms such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “wi ll”ll”, or “plan”, or their conditional or future forms. Since forward looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties.
Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this presentation. This list is not exhaustive of the factors that may affect any of the Company’s forward looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward looking statements. The Company does not undertake to update any forward looking statement that may be made from time to time by the Company or on its behalf, except if required to do so by applicable securities laws. You are cautioned not to place any undue reliance on any forward looking statement.
Scientific & Technical Information
The scientific and technical information as it relates to the JEMI project has been reviewed and approved by Kris Raffle,P.Geo, a qualified person and a director of Monumental Minerals Corp.
Technical Report
National Instrument 43-101 Technical Report on the JEMI Rare Earth Property, Coahuila State, Mexico, effective October 20, 2021 and prepared by Craig Gibson, Ph.D., CPG, is available under Monumental’s profile on SEDAR (www.sedar.com).
Forward-Looking Information & Risk Factors
This document includes certain statements that constitute “forward-looking information or statements” within the meaning of applicable securities law, including without limitation, Monumental’s expectations for its JEMI project, plans for its project, completion of exploration work and the expected outcomes, as well as other statements relating to the technical, financial and business prospects of Monumental and other matters. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to rare earth elements, and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that Monumental may lose or abandon its property interests or may fail to receive necessary licences and permits; (vi) that environmental laws and regulations may become more onerous; (vii) that Monumental may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with Monumental expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon Monumental history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social licence”), including local First Nations; (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of Monumental projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to Monumental prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failures, government regulations and policies, litigation, decrease in the price of REE, the impact of the current health predicament or other diseases on the Company’s ability to operate, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements.
Forward Looking Statements or Information Related to Exploration:
Relating to exploration, the identification of exploration targets and any implied future investigation of such targets on the basis of specific geological, geochemical and geophysical evidence or trends are future looking and subject to a variety of possible outcomes which may or may not include the discovery, or extension, or termination of mineralization. Further, areas around known mineralized intersections or surfaces may be marked by wording such as “open”, “untested”, “possible extension” or “exploration potential” or by symbols such as “?”. Such wording or symbols should not be construed as a certainty that mineralization continues or that the character of mineralization (e.g. grade or thickness) will remain consistent from a known and measured data point. The key risks related to exploration in general are that chances of identifying economical reserves are extremely small.
Sources:
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3. Client Provided Investor Presentation
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TSX-V : MNRL
