18:57:13 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
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Monumental Minerals Corp
Symbol MNRL
Shares Issued 57,587,327
Close 2023-09-13 C$ 0.065
Market Cap C$ 3,743,176
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Monumental Minerals appoints Rehman as director

2023-09-13 12:12 ET - News Release

Dr. Jamil Sader reports

MONUMENTAL MINERALS CORP. APPOINTS WASIM REHMAN TO THE BOARD OF DIRECTORS

Monumental Minerals Corp. has appointed Wasim Rehman to the board of directors.

Mr. Rehman has more than 20 years of experience in financial markets, and is the founding partner of FWE Group and an active private investor with a keen interest in the raw critical metals space. Mr. Rehman is a significant shareholder of Monumental, having participated in the most recent strategic financing.

He focuses on assets created from the 2008 global financial crisis, including illiquid special situations but also invests in more traditional assets, such as equities, fixed income and funds. Over the past decade, he has invested in over 200 hedge funds in liquidation, purchasing over 4,000 line items, and has been a counterparty to 20 out of the top 25 hedge fund investors globally.

Prior to FWE Group, Mr. Rehman was partner and head of risk management at Marshall Wace Asset Management, and played a lead role in developing the quantitative research platform TOPS. He began his career at Goldman Sachs in equities trading. Mr. Rehman holds a first class degree in mathematics from Cambridge University.

Jamil Sader, Monumental's chief executive officer, comments:

"We are thrilled to have Mr. Rehman join the Monumental board. His experience and expertise in capital markets and management adds significant depth to the company. We look forward to the knowledge and guidance that Mr. Rehman brings in defining our strategy and future of Monumental Minerals."

About Monumental Minerals Corp.

Monumental Minerals is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties in the critical and electric metals sector. The company's flagship asset is the Jemi HREE (heavy rare earth element) project located in Coahuila, Mexico, near the Texas, United States, border, which the company has an option to acquire 100 per cent of the 3,650-hectare project. The company has an option to acquire a 75-per-cent interest and title to the Laguna Blanca project located in Chile, and an option to acquire a 50.01-per-cent interest and title to the Turi project located in Chile.

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