Montero Mining and Exploration announces that the board of directors have approved the repricing of the exercise price of an aggregate of 741,667 outstanding incentive stock options to purchase common shares of the Company from between $1.98 and $2.04 per common share to $0.30 per common share. 675,000 Stock Options expire on September 4, 2029, and 66,667 Stock Options expire on Sept 5, 2029. The expiry dates of the Stock [...]
Montero Mining and Exploration is pleased to announce that it has completed its previously announced return of capital to its shareholders. The return of capital was completed through a cash distribution totalling C$15,036,892.50, paid out pro rata to Shareholders by reducing the Company's stated capital. The Company confirms that, aside from the Distribution, there have been no other material developments concerning the [...]
Montero Mining and Exploration Ltd. is pleased to announce that its 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 by reducing the Company's stated capital . Each Shareholder will receive C$1.80 per common share of the Company , based on the current number of Shares issued and [...]
Montero Mining and Exploration reminds shareholders that a Special Meeting of Shareholders 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. Shareholders will vote on a proposed approximately C$15 million distribution, on a pro rata basis, through a reduction in stated capital. These funds represent part of the net proceeds from the [...]
Montero Mining and Exploration announces that, further to its press release dated April 16, 2025, the TSXV has approved the Company's proposed consolidation of its common shares on the basis of six pre-Consolidation Common Shares for one post-Consolidation Common Shares. The Common Shares will commence trading on the TSXV on a post-Consolidation basis effective at market opening on May 5, 2025. As of the date hereof [...]
Montero Mining and Exploration announces that it has finalized its planned uses of the net proceeds received from its settlement with Tanzania to resolve the dispute over the expropriation of its Wigu Hill rare earth element project. Montero hereby provides notice that it intends to complete a consolidation of its common shares on the basis of six pre-Consolidation Common Shares for one post-Consolidation Common Share. As [...]
Oxy CapitalC is pleased to announce that it has acquired ownership and control of an additional 1,002,460 common shares of Montero Mining and Exploration through a series of purchases on the TSX Venture Exchange between March 5, 2025 and March 13, 2025 at an average price of approximately C$0.32 per Common Share for an aggregate purchase price of C$320,787.20, representing 2.0% of the outstanding Common Shares. The [...]
Oxy Capital is pleased to announce that it has acquired ownership and control of an additional 1,039,000 common shares of Montero Mining and Exploration Ltd. through a series of purchases on the TSX Venture Exchange between February 10, 2025 and March 4, 2025 at an average price of approximately C$0.314 per Common Share for an aggregate purchase price of approximately C$326,267.50, representing approximately 2.1% of the [...]
Montero Mining and Exploration is pleased to confirm that US$7,000,000 in cash have been received by the Company from Tanzania. This payment represents the final instalment of the US$27,000,000 settlement between the Company and Tanzania and is expected to put an end to the dispute in connection with Tanzania's expropriation of Montero's Wigu Hill rare earth element project before the International Centre for Settlement [...]
Montero Mining and Exploration is pleased to confirm that US$8,000,000 in cash have been received by the Company's legal representatives from Tanzania. The Second Instalment represents the second instalment of the US$27,000,000 settlement between the Company and Tanzania in connection with Tanzania's expropriation of Montero's Wigu Hill rare earth element project, as previously announced on 20th Nov 2024. The final [...]
Oxy Capital is pleased to announce that it has acquired ownership and control of an additional 1,024,000 common shares of Montero Mining and Exploration through a series of purchases on the TSXV between Jan 9 and Feb 7, 2025 at an average price of approximately C$0.297 per Common Share for an aggregate purchase price of approximately C$303,737.50, representing approximately 2.0% of the outstanding Common Shares. The [...]
Montero Mining and Exploration announces that it has finalised the distribution of the US$27,000,000 settlement with its litigation funders, Omni Bridgeway. The settlement amount was agreed with the United Republic of Tanzania in the dispute over the expropriation of Montero's Wigu Hill rare earth element project. The settlement amount of US$27,000,000 is payable over three instalments, and is to be distributed as [...]
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