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Monumental Gold ( (TSE:MNRG) ) has provided an announcement.
Monumental Energy Corp. has successfully restarted commercial production at its Copper Moki-1 and Copper Moki-2 wells in New Zealand’s Taranaki Basin, achieving stable production rates with the potential for increased output. This development is expected to enhance the company’s revenue profile through high-margin gas monetization, royalty revenue, and immediate cash flow potential, positioning Monumental to capitalize on strong commodity prices and pursue further opportunities with New Zealand Energy.
More about Monumental Gold
Monumental Energy Corp. is an exploration company focused on acquiring, exploring, and developing properties in the critical and clean energy sector, as well as investing in oil and gas projects. The company holds securities of New Zealand Energy Corp. and has a call option and royalty agreement on the Copper Moki wells. Additionally, it has an option to acquire a 75% interest in the Laguna cesium-lithium brine project in Chile and holds a 2% net smelter return royalty on Summit Nanotech’s future lithium production from the Salar de Turi Project.
Average Trading Volume: 81,024
Technical Sentiment Signal: Sell
For detailed information about MNRG stock, go to TipRanks’ Stock Analysis page.