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Tight Share Structure

38.2 million shares with management, insiders and close associates owning 40% percent of the stock and funds owning 40%. Discovery Silver and Lithium Chile’s stock issuance is subject to a 12 month voluntary lock up with ROFRs and all pre-IPO stock is subject to TSX escrow terms. 

Favourable Asset in an Emerging REE Global Hub

Option for 100% ownership of a permitted, near-term, drill ready asset in a safe jurisdiction. 

Close proximity to west-central Texas, an emerging global hub for REE ore processing and battery technology.

Experienced Management Team

The Monumental Minerals team represents a highly experienced group with deep expertise in rare earth exploration and project development including the Defense Metals Wicheeda project, and the Tasman Minerals world-class Nora Karr project.

Stock Quote

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Share Structure

As at March 31, 2023

Share Ownership


Issued & Outstanding






Broker Warrants
($0.20 + $0.65)


Stock Options


As of March 31, 2023

Significant Shareholder:  3.5M shares Lithium Chile Corp, 2.3M shares Discovery Silver


The discovery and development of new economic magnetic REEs deposits will feed the projected shortage of these elements.

At present, ionic clay deposits in southern China and Myanmar are the primary source of the world’s HREE, however the limited resource size, high environmental legacy issues of such deposits and increasing export restrictions, are driving discovery and development of other more sustainable sources of HREE. The REEs Nd, Pr, Tb, and Dy are typically enriched in peralkaline deposits and are essential for the performance of high strength permanent magnets for electric vehicles and wind turbines. In addition, greater than 90% of the REE market share is tied to these 4 REEs.