?> 2025 | Montero Mining & Exploration Ltd.

Archive for 2025

Montero Announces Effective Date of Share Consolidation

Toronto, Ontario – April 30, 2025 – Montero Mining and Exploration Ltd. (TSX-V: MON) (OTCPK: MXTRF) (“Montero” or the “Company”) announces that, further to its press release dated April 16, 2025, the TSX Venture Exchange (“TSXV”) has approved the Company’s proposed consolidation (the “Consolidation”) of its common shares (“Common Shares”) on the basis of six… Read more

Montero Announces Share Consolidation and C$15M Return of Capital

Toronto, Ontario – April 16, 2025 – Montero Mining and Exploration Ltd. (TSX-V: MON) (OTCPK: MXTRF) (“Montero” or the “Company”) announces that it has finalized its planned uses of the net proceeds received from its settlement with the United Republic of Tanzania to resolve the dispute over the expropriation of its Wigu Hill rare earth… Read more

Montero Receives Final Instalment of US$7 Million from Tanzania

Toronto, Ontario – March 4, 2025 – Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Company”) is pleased to confirm that US$7,000,000 in cash (the “Final Instalment”) have been received by the Company from the United Republic of Tanzania (“Tanzania”). This payment represents the final instalment of the US$27,000,000 settlement between the Company… Read more

Montero Receives Second Instalment of US$8 million from Tanzania

Toronto, Ontario – February 10, 2025 – Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Company”) is pleased to confirm that US$8,000,000 in cash (the “Second Instalment Funds”) have been received by the Company’s legal representatives from the United Republic of Tanzania (“Tanzania”). The Second Instalment represents the second instalment of the US$27,000,000… Read more

Montero Agrees to Distribution of US$27 Million Settlement from Tanzania

Toronto, Ontario – January 28, 2025 – Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Company”) announces that it has finalised the distribution of the US$27,000,000 settlement with its litigation funders, Omni Bridgeway (Canada). The settlement amount was agreed with the United Republic of Tanzania (“Tanzania”) in the dispute over the expropriation of… Read more