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 . On November 3rd, 2023, the arbitral Tribunal issued Procedural Order No 3 accepting Montero's request to open the forthcoming in-person hearing to the public [...]
Montero Mining and Exploration Ltd. provides the following update on the move in Montero's share price. Montero has a fully funded arbitration case underway for the expropriation of its Wigu Hill rare earth element project against the United Republic of Tanzania . The in-person arbitration hearing is scheduled to be held at the International Centre for Settlement of Investments Disputes hearing centre in Washington DC [...]
Montero Mining and Exploration Ltd. provides the following update on the move in Montero's share price. Montero has a fully funded arbitration case underway for the expropriation of its Wigu Hill rare earth element project against the United Republic of Tanzania . The hearing on the merits in Montero's arbitration proceedings will be held in December of 2023 in Washington DC. On July 14, 2023, ASX-listed Indiana Resources [...]
Montero Mining and Exploration Ltd. is pleased to announce that it has engaged Timothy Foden of Boies Schiller Flexner LLP to act as co-counsel alongside Jeantet AARPI in the ongoing arbitration against the United Republic of Tanzania . The Company also provides an update on the arbitration proceedings over the expropriation of the Wigu Hill rare earth element project before the International Centre for Settlement of [...]
Montero Mining and Exploration Ltd. has received a positive report from Fathom Geophysics from the analysis of geochemical data on the Avispa property. The report entitled "3D footprint Modelling at Avispa" has generated a 3D conceptual target indicating the possible location of porphyry copper molybdenum mineralization at depth. Company geologists collected reverse circulation drill chip piles from drilling sites [...]
Montero Mining and Exploration Ltd. is reporting the assay results of surface geochemical sampling undertaken within areas of interest on the Avispa property . Company geologists collected lithological samples from the San Salvador River valley and from reverse circulation drill chip piles from drilling sites completed by BHP and Quantum Pacific Exploration Chile on the Avispa property. Some samples returned anomalous [...]
Montero Mining and Exploratio has completed initial geological mapping and geochemical sampling on its Avispa Copper Molybdenum Project. This work supports Montero’s belief the Avispa project area has been only cursorily explored for potential concealed copper molybdenum porphyry deposits beneath surficial sediments and gravels. Montero’s Avispa concessions cover a 473 km2 area and are located ~40 km’s west of the [...]
Montero Mining and Exploration announces the resignation of Jean des Rivieres, effective immediately as a member of the Board of Directors of the Company. The Board of Directors will look to fill the vacancy in the coming months. Dr Tony Harwood, President and CEO of Montero commented: “On behalf of Montero’s management team and the Board, I would like to extend my sincere gratitude to Jean for this significant [...]
Montero Mining and Exploration provides an update on its fully funded arbitration proceedings against the Tanzania over the expropriation of the Wigu Hill REE Project before ICSID, part of the World Bank group. Montero submitted its Memorial on the Merits to the ICSID arbitral tribunal in May 2022 as per the time schedule agreed by the parties and the tribunal. The Memorial contains the basis for compensation to Montero [...]
Montero Mining and Exploration Ltd. provides the following update on the arbitration proceedings against the United Republic of Tanzania over Tanzania's expropriation of the Wigu Hill rare earth element project before International Centre for Settlement of Investment Disputes' . The arbitral tribunal is composed of Dr Achille Ngwanza, the President, Mr Eric Teynier, appointed by Montero and Mr Cecil W. M. Abraham [...]
Montero Mining and Exploration Ltd. continues to consolidate its property holdings at the Avispa copper molybdenum project located in the Atacama Desert of northern Chile. The company has finalized the regulatory process for 200.8 km2 of exploration concessions that includes the original Avispa and recently awarded Abeja exploration concessions that were registered in 2021. The company is also finalizing the regulatory [...]
Montero Mining and Exploration Ltd. is pleased to announce that the dispute resolution process dealing with the expropriation of the Wigu Hill rare earth element project in Tanzania is now underway. The International Centre for Settlement of Investment Disputes' arbitration tribunal was constituted on the 18 November 2021 signalling that the process initiated by Montero to protect its investment and exploration rights in [...]
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