TORONTO, March 06, 2018 -- Montero Mining and Exploration Ltd. has entered into a binding Heads of Agreement with Namib Base Minerals CC and Namibia Silica CC to acquire a 95% interest in the Uis Lithium-Tin Tailings Project in Namibia. The agreement provides Montero two months to complete legal and technical due diligence to its satisfaction and is also subject to regulatory approval. Under the terms of the HOA, Montero [...]
TORONTO, March 05, 2018 -- Montero Mining and Exploration Ltd. has entered into a Letter of Intent with Mr Esegiel Xamseb, a Namibian national, to acquire an 80% interest in the wholly-owned Exclusive Prospecting License 6162 for exploration of lithium, base, rare and precious metals in the Omaruru lineament hosted Lithium-Cesium-Tantalum Type pegmatites. The agreement provides Montero three months to complete legal and [...]
TORONTO, Feb. 05, 2018 -- Montero Mining and Exploration Ltd. is pleased to announce that it intends to complete a non-brokered private placement of up to 4,000,000 units at a price of $0.28 per Unit, for gross proceeds of approximately $1,120,000 . Closing of the Offering is expected to occur on or about February 28, 2018. Each Unit will consist of one common share and one half of one common share purchase warrant . Each [...]
TORONTO, Jan. 09, 2018 -- Montero Mining and Exploration Ltd. has completed assaying for lithium of all of the available reverse circulation chips from a historical RC drill program conducted at the Soris Lithium project. The prior operator did not assay for lithium. The results have been assessed and positive lithium values from inclined and vertical drill holes have been returned from the spodumene pegmatite intercepts [...]
TORONTO, Dec. 06, 2017 -- Montero Mining and Exploration Ltd. has received positive mineralogical results from surface samples taken during an initial grab sampling program on its Soris Lithium Project in central Namibia. Results confirm that spodumene is the dominant lithium mineral. Rubidium versus Lithium values obtained from channel samples The mineralogical samples were collected from three main workings from the [...]
TORONTO, Nov. 28, 2017 -- Montero Mining and Exploration Ltd. has received positive lithium assay results from reverse circulation chips from a prior operators RC drill program at the Soris Lithium project. The prior operators RC drill program only assayed for the tantalum, tin and niobium content of the pegmatite and did not assay for lithium. Montero’s initial sampling program of RC chips indicates that the [...]
TORONTO, Nov. 16, 2017 -- Montero Mining and Exploration Ltd. has completed an initial channel sampling program at the Soris Lithium Project in central Namibia which returned an average lithium grade of 0.76% Li2O with values up to 3.66% Li2O from all channel samples. The best result from channel sampling returned 14 metres of 1.93% Li2O. The channel sampling program was designed to test lithium bearing spodumene [...]
TORONTO, Nov. 01, 2017 (GLOBE NEWSWIRE) -- Montero Mining and Exploration Ltd. (TSX-V:MON) (“Montero”) has completed an initial grab sampling program on its Soris Lithium Project in central Namibia. On October 24, 2017, Montero announced entering into a Letter of Intent (LOI) with Frovio Investment, a Namibian company, to acquire up to an 80% interest in its wholly owned Soris Lithium Project in the De Rust [...]
Montero Mining and Exploration has entered into a Letter of Intent with Frovio Investment, a Namibian company, to acquire up to an 80% interest in its wholly owned Soris Lithium Project in the Soris pegmatite field, Namibia. The agreement provides Montero three months to complete legal and technical due diligence to its satisfaction and is also subject to regulatory approval. Under the terms of the LOI, Montero [...]
Montero Mining and Exploration today announced that its Chief Financial Officer has resigned effective October 20, 2017. Montero has appointed Sheri Rempel as an Interim CFO, effective immediately. Ms Antonia Chapman has agreed to assist in a smooth transition and will remain a Director of the Company. Dr. Tony Harwood, President and Chief Executive Officer of Montero commented, “We would like to thank Ms Chapman for her [...]
Montero Mining and Explorationtoday announces implementation of the consolidation of its issued and outstanding common shares on the basis of eight (8) pre-consolidated common shares for (1) post-consolidation common share, consolidating its 84,752,174 currently outstanding common shares to 10,594,019 common shares (the "Share Consolidation"). The Share Consolidation was approved at the annual and special meeting of [...]
TORONTO, ONTARIO--(Marketwired - July 7, 2017) - NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES Montero Mining and Exploration Ltd. (TSX VENTURE:MON) ("Montero" or the "Corporation") confirms that all matters brought before its shareholders were approved at the annual and special meeting of shareholders of the Corporation held on June 30, 2017 (the "Shareholder Meeting"), including the [...]
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