posts
Montero Announces Share Consolidation and C$15M Return of Capital
April 16, 2025 | Click for more infoToronto, 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
March 4, 2025 | Click for more infoToronto, 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
February 10, 2025 | Click for more infoToronto, 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
January 28, 2025 | Click for more infoToronto, 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
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