Montero Mining and Exploration Ltd. is pleased to announce that, further to its news release of August 6th, 2024, it has closed the first tranche of its non-brokered private placement of up to 4,814,815 common shares of the Corporation at a price of $0.27 per Common Share, for gross proceeds of up to $1,300,000 . An aggregate of 2,444,444 Common Shares were sold under the First Tranche for total gross proceeds of [...]
Montero Mining and Exploration Ltd. is pleased to announce that it intends to complete a non-brokered private placement of up to 4,814,815 common shares of the Corporation at a price of $0.27 per Common Share, for gross proceeds of up to $1,300,000 . Montero intends to use the net proceeds from the Offering for general corporate and working capital purposes. Completion of the Offering is subject to certain conditions [...]
Montero Mining and Exploration Ltd. provides an update on the arbitration proceedings against the United Republic of Tanzania over the expropriation of the Wigu Hill rare earth element project before the International Centre for Settlement of Investment Disputes . The Tribunal has set new dates for the hearing which will take place from November 25th to 29th 2024, at the Paris Arbitration Centre, Paris, France. After the [...]
Montero Mining and Exploration Ltd. announces that it has completed a debt settlement transaction with Dr. Antony Harwood, the Corporation's CEO and certain other creditors, in consideration for the issuance of 1,300,813 common shares of the Corporation at a deemed price of CAD$0.15375 per Settlement Share , as previously announced on December 29, 2023. The Corporation settled aggregate debt of CAD$200,000 pertaining to [...]
Montero Mining and Exploration Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement of 5,332,997 common shares of the Corporation at a price of $0.15 per Common Share, for gross proceeds of $799,949.55 . Dr. Tony Harwood, President and CEO of Montero, commented: "We are pleased to have completed Montero's private placement and are delighted to welcome Mr. Jeremy Raper as a [...]
Montero Mining and Exploration Ltd. is pleased to announce that it intends to complete a non-brokered private placement of up to 5,333,334 common shares of the Corporation at a price of CAD$0.15 per Common Share, for gross proceeds of up to CAD$800,000 . Montero intends to use the net proceeds from the Offering for general corporate and working capital purposes. Completion of the Offering is subject to certain conditions [...]
Montero Mining and Exploration Ltd. provides an update on Montero's arbitration proceedings against the United Republic of Tanzania over the expropriation of the Wigu Hill rare earth element project before the International Centre for Settlement of Investment Disputes . On November 28, 2023, the arbitral Tribunal informed both parties that the hearing scheduled to be held at the ICSID premises in Washington DC., USA, from [...]
Montero Mining and Exploration Ltd. provides an update on the arbitration proceedings against the United Republic of Tanzania over the expropriation of the Wigu Hill rare earth element project before the International Centre for Settlement of Investment Disputes . On November 3rd, 2023, the arbitral Tribunal issued Procedural Order No 3 accepting Montero's request to open the forthcoming in-person hearing to the public [...]
Montero Mining and Exploration Ltd. provides the following update on the move in Montero's share price. Montero has a fully funded arbitration case underway for the expropriation of its Wigu Hill rare earth element project against the United Republic of Tanzania . The in-person arbitration hearing is scheduled to be held at the International Centre for Settlement of Investments Disputes hearing centre in Washington DC [...]
Montero Mining and Exploration Ltd. provides the following update on the move in Montero's share price. Montero has a fully funded arbitration case underway for the expropriation of its Wigu Hill rare earth element project against the United Republic of Tanzania . The hearing on the merits in Montero's arbitration proceedings will be held in December of 2023 in Washington DC. On July 14, 2023, ASX-listed Indiana Resources [...]
Montero Mining and Exploration Ltd. is pleased to announce that it has engaged Timothy Foden of Boies Schiller Flexner LLP to act as co-counsel alongside Jeantet AARPI in the ongoing arbitration against the United Republic of Tanzania . The Company also provides an update on the arbitration proceedings over the expropriation of the Wigu Hill rare earth element project before the International Centre for Settlement of [...]
Montero Mining and Exploration Ltd. has received a positive report from Fathom Geophysics from the analysis of geochemical data on the Avispa property. The report entitled "3D footprint Modelling at Avispa" has generated a 3D conceptual target indicating the possible location of porphyry copper molybdenum mineralization at depth. Company geologists collected reverse circulation drill chip piles from drilling sites [...]
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