Oxy Capital SGOIC, S.A announces that it has acquired ownership and control of 29,800 common shares of Montero Mining and Exploration Ltd. through purchases on the TSX Venture Exchange at a price of C$0.31 per Common Share for an aggregate purchase price of C$9,238, representing approximately 0.06% of the outstanding Common Shares . Prior to the Transaction, Oxy Capital had ownership and control over, 4,983,981 Common [...]
Montero Mining and Exploration Ltd. is pleased to report a US$27,000,000 settlement has been reached with the United Republic of Tanzania in the dispute arising out of the expropriation of Montero's Wigu Hill rare earth element project . The settlement sum of US$27,000,000 due to Montero is payable in just over 3 months, with payments scheduled as follows: US$12,000,000- payable by 20 November 2024 -PAYMENT RECEIVED [...]
Montero Mining and Exploration Ltd. is pleased to announce the appointment of Timothy 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 gold and base metal exploration, working on a number of exploration and advanced stage projects through feasibility to development. He also [...]
Montero Mining and Exploration Ltd. has granted 4,050,000 stock 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 award of Options is subject to regulatory approval. Dr. Tony Harwood, President and CEO of Montero, commented: "I would like to thank the directors, management, and [...]
Montero Mining and Exploration Ltd. is pleased to announce that it has closed the second and final tranche of its non-brokered private placement, as previously announced on August 6, 2024 and August 14, 2024 . An aggregate of 4,861,680 common shares of the Corporation were issued under the Offering, at a price of $0.27 per Common Share, for gross proceeds of $1,307,254. An aggregate of 2,397,236 Common Shares were sold [...]
Montero Mining and Exploration Ltd. is pleased to announce that, further to its news release of August 6th, 2024, it has closed the first tranche of its non-brokered private placement of up to 4,814,815 common shares of the Corporation at a price of $0.27 per Common Share, for gross proceeds of up to $1,300,000 . An aggregate of 2,444,444 Common Shares were sold under the First Tranche for total gross proceeds of [...]
Montero Mining and Exploration Ltd. is pleased to announce that it intends to complete a non-brokered private placement of up to 4,814,815 common shares of the Corporation at a price of $0.27 per Common Share, for gross proceeds of up to $1,300,000 . Montero intends to use the net proceeds from the Offering for general corporate and working capital purposes. Completion of the Offering is subject to certain conditions [...]
Montero Mining and Exploration Ltd. provides an update on the arbitration proceedings against the United Republic of Tanzania over the expropriation of the Wigu Hill rare earth element project before the International Centre for Settlement of Investment Disputes . The Tribunal has set new dates for the hearing which will take place from November 25th to 29th 2024, at the Paris Arbitration Centre, Paris, France. After the [...]
Montero Mining and Exploration Ltd. announces that it has completed a debt settlement transaction with Dr. Antony Harwood, the Corporation's CEO and certain other creditors, in consideration for the issuance of 1,300,813 common shares of the Corporation at a deemed price of CAD$0.15375 per Settlement Share , as previously announced on December 29, 2023. The Corporation settled aggregate debt of CAD$200,000 pertaining to [...]
Montero Mining and Exploration Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement of 5,332,997 common shares of the Corporation at a price of $0.15 per Common Share, for gross proceeds of $799,949.55 . Dr. Tony Harwood, President and CEO of Montero, commented: "We are pleased to have completed Montero's private placement and are delighted to welcome Mr. Jeremy Raper as a [...]
Montero Mining and Exploration Ltd. is pleased to announce that it intends to complete a non-brokered private placement of up to 5,333,334 common shares of the Corporation at a price of CAD$0.15 per Common Share, for gross proceeds of up to CAD$800,000 . Montero intends to use the net proceeds from the Offering for general corporate and working capital purposes. Completion of the Offering is subject to certain conditions [...]
Montero Mining and Exploration Ltd. provides an update on Montero's arbitration proceedings against the United Republic of Tanzania over the expropriation of the Wigu Hill rare earth element project before the International Centre for Settlement of Investment Disputes . On November 28, 2023, the arbitral Tribunal informed both parties that the hearing scheduled to be held at the ICSID premises in Washington DC., USA, from [...]
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