Montero Mining & Exploration is focused primarily on the exploration, discovery and development of grass-roots Rare Earth Elements (“REE”), phosphate and uranium deposits in geographically prospective under-explored regions in Tanzania, South Africa and Canada. The Company is actively engaged in the identification, acquisition, evaluation and exploration of mineral properties, and holds exploration licences on properties in Canada and in Tanzania.
Montero's primary asset is its 60% interest in the Wigu Hill Property in Tanzania. Sampling from the Wigu Hill Property has revealed high REE grades from the Property, and Montero's growth strategy is to explore and develop the Wigu Hill Property. Montero also holds interests in two other licences in Tanzania, two properties in Quebec, and a phosphate exploration property in South Africa.
Montero aims to build a portfolio of REE projects through application, acquisition and exploration and to potentially bring such projects to eventual production and intends to operate in an environmentally and socially responsible manner adding value to all stakeholders.