This paper investigates the monazite grains from the Dibrova rare-earth-thorium-uranium (U-Th-REE) mineral deposit within the Azov Megablock of Ukrainian Shield. U-Th-REE mineralization is associated with K-feldspar-quartz metasandstones and metagritstones (hereafter quartzites) and pegmatoids. The latter possibly represent products of ultrametamorphism/granitization of initially sedimentary clastic rocks during tectono-magmatic activation during the Paleoproterozoic. Ores are composed of quartz as a principal mineral, feldspar, sillimanite, muscovite, monazite, brannerite, uraninite, zircon, rutile, and sulfides. The purpose of this work was to obtain insights into the genesis of the mineral deposit by studying the monazite grains, their chemistry, and ages. Petrographic research work was carried out that included studying/analyzing the monazites from various monazite-bearing rocks (quartzites, pegmatoid, and biotite schist samples). A variety of methods and tools were used, including optical microscopy study, X-ray fluorescence (XRF) mapping of selected samples, as well as scanning electron microscope (SEM) and electron microprobe (EPMA) characterization of monazites, including U-Th-Pb monazite chemical dating. U-Pb-Th chemical electron microprobe dating of the monazites yielded two major distinct monazite age groups at 3.0–2.8 Ga and 2.2–2.0 Ga. The first age group corresponds to the time of formation of the Archean granitoids, which served as a source of monazite for its clastic sedimentation during the Paleoproterozoic in the Dibrova suite sediments. The second age group corresponds to the reprecipitation (i.e., remobilization) of monazite during the Paleoproterozoic tectono-magmatic activation. The location of the mineral deposit within the deep mantle-crustal Devladivska shear zone is another favorable factor for the remobilization and transport of metals. New data on the age of mineralization yield a more complete understanding of the geological history and formation of the complex polyphase rare-earth-uranium-thorium Dibrova mineral deposit.