Monumental Gold (TSE:MNRG) has released an update.
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Monumental Energy Corp. has received final approval from the TSX Venture Exchange for a call option and royalty agreement, allowing it to participate in the refurbishment and restart of two oil wells in New Zealand. The company will invest approximately NZ$800,000 in the project and expects to begin work in early 2025, eventually earning a significant share of the oil and gas revenue. Monumental’s shares will resume trading at the end of December 2024.
For further insights into TSE:MNRG stock, check out TipRanks’ Stock Analysis page.
