Company Description
Monumental Energy Corp. (OTCQB: MNMRF) is an exploration company focused on the acquisition, exploration, and development of properties in the critical and clean energy sector, as well as investing in oil and gas projects. The company’s shares are also listed on the TSX Venture Exchange under the symbol MNRG and on the Frankfurt Stock Exchange under the symbol ZA6. According to its public disclosures, Monumental combines exposure to lithium-brine and other critical mineral assets with interests in producing and development-stage oil and gas projects.
The company states that it owns securities of New Zealand Energy Corp. (NZEC) and has entered into a call option and royalty agreement on the Copper Moki oil and gas wells with NZEC. These wells are located in the Taranaki Basin in New Zealand, a region described as one of the country’s productive hydrocarbon areas. Monumental’s arrangement with NZEC is structured so that it funds workover programs and, in return, receives royalties on oil and gas production from the Copper Moki site after recovery of its initial capital contribution.
Monumental reports that it has diversified into imminent oil and gas producing assets in New Zealand, with workover operations at the Copper Moki-1 and Copper Moki-2 wells. The workovers involve re-entering existing wells, performing downhole cleanouts, replacing tubing and pump equipment, and perforating hydrocarbon-bearing formations such as the Mt. Messenger sands. The company has described these activities as aimed at restoring oil and associated gas production and accessing previously unproduced zones.
In addition to its oil and gas interests, Monumental highlights exposure to lithium-brine projects. The company has an option to acquire a 75% interest and title to the Laguna cesium-lithium brine project located in Chile. It also holds a 2% net smelter return royalty on Summit Nanotech’s share of any future lithium production from the Salar de Turi Project. Monumental has described its lithium-brine salars in Chile as highly prospective and strategically located in a region associated with significant lithium production.
Monumental’s business model, as described in its news releases, combines royalty-based cash flow from oil and gas production with ownership and options over critical and clean energy assets. At Copper Moki, the company has agreed that it will first recoup its initial capital through a 75% share of net revenues from oil and gas sales, after which it will receive a 25% royalty on production for the life of the wells. This structure is intended to align capital deployment on workovers with potential revenue streams from existing infrastructure and producing fields operated with NZEC and its partners.
The company has also reported participation in additional production-focused workover projects in the Waihapa/Ngaere Field in the Taranaki Basin, jointly owned by NZEC and L&M Energy. Under the participation terms described, Monumental funds NZEC’s share of certain workover costs and, in return, earns a royalty on NZEC’s production share after capital recovery. These initiatives are presented by Monumental as part of a strategy to generate cash-flow-generating opportunities through partnerships in proven production assets.
On the corporate finance side, Monumental has announced non-brokered private placement financings to fund its activities. The company has stated that the net proceeds from such placements are intended to cover costs and expenses related to entering into and funding additional workover projects with NZEC and L&M Energy, additional expenses at Copper Moki-1, and general working capital and corporate expenses. These financings are subject to TSX Venture Exchange approval and applicable securities law requirements, including statutory hold periods on securities issued.
Monumental has also disclosed the retention of Yanne Capital LLC as a strategic advisor and future financing partner for potential oil and gas opportunities in New Zealand and Australia. Yanne Capital is described in Monumental’s news release as a global investment bank that structures complex capital raises across sectors, including oil and gas. Monumental indicates that this relationship is intended to support potential larger-scale opportunities in the region, subject to due diligence, definitive agreements, and financing.
Across its disclosures, Monumental emphasizes a focus on critical and clean energy properties while maintaining exposure to oil and gas projects through royalties, options, and working interests. The combination of lithium-brine assets in Chile, royalty interests in potential future lithium production at Salar de Turi, and oil and gas production and workover projects in New Zealand reflects the company’s stated strategy of participating in both energy transition-related minerals and conventional hydrocarbon assets.
Business segments and asset focus
- Critical and clean energy sector: Option to acquire a 75% interest in the Laguna cesium-lithium brine project in Chile, and a 2% net smelter return royalty on Summit Nanotech’s share of any future lithium production from the Salar de Turi Project.
- Oil and gas projects: Call option and royalty agreement on the Copper Moki wells in the Taranaki Basin, New Zealand, alongside participation in additional workover projects with New Zealand Energy Corp. and L&M Energy in the Waihapa/Ngaere Field.
- Equity holdings: Ownership of securities of New Zealand Energy Corp., which has assets in the Taranaki Basin and has reported activities such as gas storage projects and oil and gas production.
Capital structure and financing activities
Monumental’s public communications describe the use of non-brokered private placements to fund project work, including workovers at Copper Moki and participation in additional production-focused initiatives. The company notes that these financings are subject to TSX Venture Exchange approval and that securities issued are subject to statutory hold periods. Monumental has also highlighted its engagement of Yanne Capital LLC as a strategic advisor and financing partner for potential future oil and gas opportunities in New Zealand and Australia.
Geographic exposure
- New Zealand: Copper Moki-1 and Copper Moki-2 wells and additional workover projects in the Taranaki Basin, including interests tied to the Waihapa/Ngaere Field.
- Chile: Optioned Laguna cesium-lithium brine project and a royalty interest on potential future lithium production from the Salar de Turi Project.
- Canada: The company issues its news releases from Vancouver, British Columbia, and its shares trade on the TSX Venture Exchange.
According to its news releases, Monumental positions itself as an exploration company active in both critical minerals and oil and gas, using royalty structures, options, and equity holdings to gain exposure to production and development projects. Investors researching MNMRF can review the company’s public disclosures for further details on specific project terms, technical information, and risk factors, including the forward-looking statements and cautionary language that accompany its announcements.
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No SEC filings available for Monumental.