Montero announces completion of return of capital and comments on share price volatility

Toronto, Ontario – July 4, 2025 – Montero Mining and Exploration Ltd. (TSX-V: MON) (OTCPK: MXTRF) (“Montero” or the “Company”) is pleased to announce that it has completed its previously announced return of capital to its shareholders (the “Shareholders”). The return of capital was completed through a cash distribution totalling C$15,036,892.50, paid out pro rata … Read more

Montero announces shareholder approval of return of capital and key distribution dates

Toronto, Ontario – June 11, 2025 – Montero Mining and Exploration Ltd. (TSX-V: MON) (OTCPK: MXTRF) (“Montero” or the “Company”) is pleased to announce that its shareholders (the “Shareholders”) have approved the previously announced return of capital to Shareholders. This will be done through a cash distribution totalling C$15,036,892.50, paid out pro rata to Shareholders … Read more

Montero to hold Special Meeting of Shareholders to approve C$15 million Distribution

Toronto, Ontario – June 2, 2025 – Montero Mining and Exploration Ltd. (TSX-V: MON) (OTCPK: MXTRF) (“Montero” or the “Company”) reminds shareholders that a Special Meeting of Shareholders (the “Meeting”) will be held at 9:30am EDT on Wednesday, June 11, 2025, at the offices of Peterson McVicar LLP at 110 Yonge Street, Suite 1601, Toronto, … Read more

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

Montero agrees to US$27 million settlement from Tanzania

Toronto, 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

In 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