Monumental Energy Corp. (TSXV: MNRG) (FSE: BE5) (OTCQB: MNMRF) has announced an agreement with Summit Nanotech Corporation for the Salar de Turi project rights transfer. On April 11, 2024, the two companies signed the arm’s length option acquisition agreement, marking a significant step forward in the project’s transfer.

Details of the Acquisition Agreement

Monumental previously acquired an option from Lithium Chile Inc. (TSXV: LITH) for a 50.01% interest in the Salar de Turi project. Summit must pay Monumental $725,000 and grant a 2.0% net smelter return royalty on future lithium production, within five business days post-Acquisition. The successful closing of this deal in April 2024 hinges on fulfilling certain conditions.

About Monumental Energy Corp.

Monumental focuses on exploring and developing the clean and critical energy sector, with significant projects in Chile and Mexico and strategic investments in energy corporations.

Summit Nanotech Corporation: Pioneering Sustainable Lithium Extraction

Summit is revolutionizing lithium extraction for EV batteries with its sustainable technology, denaLi™, established in Calgary, Alberta. Summit’s innovative approach has earned them various accolades, reinforcing their position in the clean technology space.

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