Montero Mining and Exploration announces that it has finalized its planned uses of the net proceeds received from its settlement with Tanzania to resolve the dispute over the expropriation of its Wigu Hill rare earth element project. Montero hereby provides notice that it intends to complete a consolidation of its common shares on the basis of six pre-Consolidation Common Shares for one post-Consolidation Common Share. As [...]
Oxy CapitalC is pleased to announce that it has acquired ownership and control of an additional 1,002,460 common shares of Montero Mining and Exploration through a series of purchases on the TSX Venture Exchange between March 5, 2025 and March 13, 2025 at an average price of approximately C$0.32 per Common Share for an aggregate purchase price of C$320,787.20, representing 2.0% of the outstanding Common Shares. The [...]
Oxy Capital is pleased to announce that it has acquired ownership and control of an additional 1,039,000 common shares of Montero Mining and Exploration Ltd. through a series of purchases on the TSX Venture Exchange between February 10, 2025 and March 4, 2025 at an average price of approximately C$0.314 per Common Share for an aggregate purchase price of approximately C$326,267.50, representing approximately 2.1% of the [...]
Montero Mining and Exploration is pleased to confirm that US$7,000,000 in cash have been received by the Company from Tanzania. This payment represents the final instalment of the US$27,000,000 settlement between the Company and Tanzania and is expected to put an end to the dispute in connection with Tanzania's expropriation of Montero's Wigu Hill rare earth element project before the International Centre for Settlement [...]
Montero Mining and Exploration is pleased to confirm that US$8,000,000 in cash have been received by the Company's legal representatives from Tanzania. The Second Instalment represents the second instalment of the US$27,000,000 settlement between the Company and Tanzania in connection with Tanzania's expropriation of Montero's Wigu Hill rare earth element project, as previously announced on 20th Nov 2024. The final [...]
Oxy Capital is pleased to announce that it has acquired ownership and control of an additional 1,024,000 common shares of Montero Mining and Exploration through a series of purchases on the TSXV between Jan 9 and Feb 7, 2025 at an average price of approximately C$0.297 per Common Share for an aggregate purchase price of approximately C$303,737.50, representing approximately 2.0% of the outstanding Common Shares. The [...]
Montero Mining and Exploration announces that it has finalised the distribution of the US$27,000,000 settlement with its litigation funders, Omni Bridgeway. The settlement amount was agreed with the United Republic of Tanzania in the dispute over the expropriation of Montero's Wigu Hill rare earth element project. The settlement amount of US$27,000,000 is payable over three instalments, and is to be distributed as [...]
Oxy Capital SGOIC, S.A announces that it has acquired ownership and control of 29,800 common shares of Montero Mining and Exploration Ltd. through purchases on the TSX Venture Exchange at a price of C$0.31 per Common Share for an aggregate purchase price of C$9,238, representing approximately 0.06% of the outstanding Common Shares . Prior to the Transaction, Oxy Capital had ownership and control over, 4,983,981 Common [...]
Montero Mining and Exploration Ltd. is pleased to report a US$27,000,000 settlement has been reached with the United Republic of Tanzania in the dispute arising out of the expropriation of Montero's Wigu Hill rare earth element project . The settlement sum of US$27,000,000 due to Montero is payable in just over 3 months, with payments scheduled as follows: US$12,000,000- payable by 20 November 2024 -PAYMENT RECEIVED [...]
Montero Mining and Exploration Ltd. is pleased to announce the appointment of Timothy Livesey as a Non-Executive Director to Montero's Board of Directors, effective as of September 5, 2024. Tim Livesey is a seasoned geologist and mining professional with over 30 years of experience in gold and base metal exploration, working on a number of exploration and advanced stage projects through feasibility to development. He also [...]
Montero Mining and Exploration Ltd. has granted 4,050,000 stock options to the Board of Directors, Management, and consultants pursuant to the Corporation's incentive Stock Option Plan. The Options have an exercise price of $0.33 and have a five-year term. The award of Options is subject to regulatory approval. Dr. Tony Harwood, President and CEO of Montero, commented: "I would like to thank the directors, management, and [...]
Montero Mining and Exploration Ltd. is pleased to announce that it has closed the second and final tranche of its non-brokered private placement, as previously announced on August 6, 2024 and August 14, 2024 . An aggregate of 4,861,680 common shares of the Corporation were issued under the Offering, at a price of $0.27 per Common Share, for gross proceeds of $1,307,254. An aggregate of 2,397,236 Common Shares were sold [...]
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