Monumental Energy Advances Copper Moki Well Operations in New Zealand

The latest update is out from Monumental Gold ( (TSE:MNRG) ).

Monumental Energy Corp. and New Zealand Energy Corp. are progressing with workover operations on the Copper Moki 1 & 2 wells in New Zealand, with Monumental providing substantial funding for necessary preparations and parts. The company anticipates starting production by mid-March 2025, aiming to first recoup 75% of net revenues from sales before transitioning to a 25% royalty model, while also exploring new potential well sites.

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. They hold securities of New Zealand Energy Corp. and have an agreement on the Copper Moki wells. Additionally, they have an option to acquire a 75% interest in a cesium-lithium brine project in Chile and hold a royalty on future lithium production from the Salar de Turi Project.

YTD Price Performance: 153.85%

Average Trading Volume: 823,629

Technical Sentiment Consensus Rating: Sell

For a thorough assessment of MNRG stock, go to TipRanks’ Stock Analysis page.