Archive for 2024
Montero agrees to US$27 million settlement from Tanzania
November 20, 2024 | Click for more infoToronto, Ontario – November 20, 2024 – Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Company”) is pleased to report a US$27,000,000 settlement has been reached with the United Republic of Tanzania (“Tanzania”) in the dispute arising out of the expropriation of Montero’s Wigu Hill rare earth element project (“Wigu Hill”). The… Read more
Pursuing fair resolution in Tanzania’s changing landscape
October 21, 2024 | Click for more infoIn this blog, Montero Mining and Exploration CEO Tony Harwood discusses the crucial role exploration companies like Montero play in Africa’s mining sector and the challenges they face, such as the expropriation of Montero’s Wigu Hill license. He also explains why major mining companies must support explorers in advocating fair, stable policies that protect investments… Read more
Expropriation disputes are challenging Tanzania’s mining ambitions
September 26, 2024 | Click for more infoWhile Tanzania is positioning itself for mining investment, Montero Mining and Exploration sustained a major loss in value when its Wigu Hill mining licence was revoked by this country. Read more about investing in this mineral-rich environment in this Q&A with Tony Harwood, CEO of Montero. 1. How does the expropriation without compensation that… Read more
Montero Appoints Timothy Livesey to its Board of Directors
September 5, 2024 | Click for more infoToronto, Ontario – September 5, 2024 – Montero Mining and Exploration Ltd. (TSX-V: MON) is pleased to announce the appointment of Timothy (Tim) 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… Read more
Montero Awards Stock Options
September 4, 2024 | Click for more infoToronto, Ontario – September 4, 2024 – Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Corporation”) has granted 4,050,000 stock options (the “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… Read more
Montero Announces Closing of Private Placement
August 29, 2024 | Click for more infoToronto, Ontario – August 29, 2024 – Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Corporation”) is pleased to announce that it has closed the second and final tranche (the “Second Tranche”) of its non-brokered private placement, as previously announced on August 6, 2024 and August 16, 2024 (the “Offering”). An aggregate of… Read more
Montero Announces Closing of First Tranche of Private Placement
August 16, 2024 | Click for more infoToronto, Ontario – August 16, 2024 – Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Corporation”) is pleased to announce that, further to its news release of August 6th, 2024, it has closed the first tranche (the “First Tranche”) of its non-brokered private placement of up to 4,814,815 common shares of the Corporation… Read more
Montero Announces $1,300,000 Non-Brokered Private Placement
August 6, 2024 | Click for more infoToronto, Ontario – August 06, 2024 – Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Corporation”) 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 (the “Common Shares”) at a price of $0.27 per Common Share, for gross proceeds of… Read more
Montero Provides Hearing Date for ICSID Arbitration Claim against the Government of Tanzania
June 10, 2024 | Click for more infoToronto, Ontario – June 10, 2024 – Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Company”) provides an update on the arbitration proceedings against the United Republic of Tanzania (“Tanzania”) over the expropriation of the Wigu Hill rare earth element project (“Wigu Hill”) before the International Centre for Settlement of Investment Disputes (“ICSID”)…. Read more
Montero Completes Debt Settlement
February 29, 2024 | Click for more infoToronto, Ontario – February 29, 2024 – Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Corporation”) announces that it has completed a debt settlement transaction (the “Debt Settlement”) 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 (the “Settlement… Read more