Debbie
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
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
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
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
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
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
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
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
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
While 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