Aerial view of the Uis Lithium Tin Tailings Project showing locations of Zone A coarse tailing and Zones B-E fine tailing material. Zone A fines are annotated as A4. Montero Mining and Exploration Ltd. has completed a maiden lithium and tin Mineral Resource estimate for the Uis Tailings Project and will file the NI 43-101 Mineral Resource estimate on SEDAR and add this estimate to the Company’s website within 45 [...]
Location of the Avispa Exploration License areas adjacent to major lithium, copper and iodine -nitrate mines of northern Chile. Avispa Project Exploration Licenses showing target geology and previous sampling locations for the results provided in Table 1. Montero Mining and Exploration Ltd. has been awarded exploration licenses covering an area of 13,800 hectares in the Atacama Desert of northern Chile. The exploration [...]
Montero Mining and Exploration Ltd. has entered into a binding agreement with a private geological consortium that has developed certain specialized concepts, ideas, plans and techniques for the exploration of unique lithium deposits over certain target areas in the Atacama region of Chile. Montero has 15 months to make application for the prospective target areas, and once awarded, complete a due diligence sampling [...]
Montero Mining and Exploration Ltd. is pleased to advise that the Company has signed a non-binding Memorandum of Understanding with the Jiang Xi Yun Lithium Materials Company Limited of China for joint cooperation and development of lithium production in Africa. The co-operation between the Parties under this MOU may take the following forms: Jiang Xi Yun Lithium will a sign long term off-take agreement with Montero [...]
May 15, 2018 -- Montero Mining and Exploration Ltd. has appointed Jamie Levy to the Corporation's Board of Directors and granted incentive stock options to the Board of Directors, Management and consultants. Jamie Levy has over 10 years of experience in the mining industry and an exceptional track record for raising capital and managing listed Canadian companies. Most recently, Jamie was the President and CEO of Pine [...]
TORONTO, April 27, 2018 -- Montero Mining and Exploration Ltd. is pleased to announce that, further to its news releases dated February 5, 2018 and April 10, 2018, it has completed a non-brokered private placement of 3,440,849 units at a price of $0.24 per Unit, for gross proceeds of approximately $825,803. Montero intends to use the net proceeds from the Offering for mineral exploration and working capital purposes. Each [...]
TORONTO, April 10, 2018 -- Montero Mining and Exploration Ltd. announced today that it has repriced its non-brokered private placement of up to $1,120,000 originally announced on February 5, 2018 . The private placement will now consist of up to 4,666,666 units at a price of $0.24 per Unit, for gross proceeds of approximately $1,120,000. The final closing date, subject to the approval by the TSX Venture , will be on or [...]
Not for Dissemination in the United States or over United States Newswire Services TORONTO, March 13, 2018 -- Montero Mining and Exploration Ltd. announces that it is extending the final closing date of its non-brokered private placement offering previously announced on February 5, 2018. The new final closing date, subject to the approval by the TSX Venture , will be on or around April 16, 2018. As announced on February [...]
TORONTO, March 06, 2018 -- Montero Mining and Exploration Ltd. has entered into a binding Heads of Agreement with Namib Base Minerals CC and Namibia Silica CC to acquire a 95% interest in the Uis Lithium-Tin Tailings Project in Namibia. The agreement provides Montero two months to complete legal and technical due diligence to its satisfaction and is also subject to regulatory approval. Under the terms of the HOA, Montero [...]
TORONTO, March 05, 2018 -- Montero Mining and Exploration Ltd. has entered into a Letter of Intent with Mr Esegiel Xamseb, a Namibian national, to acquire an 80% interest in the wholly-owned Exclusive Prospecting License 6162 for exploration of lithium, base, rare and precious metals in the Omaruru lineament hosted Lithium-Cesium-Tantalum Type pegmatites. The agreement provides Montero three months to complete legal and [...]
TORONTO, Feb. 05, 2018 -- Montero Mining and Exploration Ltd. is pleased to announce that it intends to complete a non-brokered private placement of up to 4,000,000 units at a price of $0.28 per Unit, for gross proceeds of approximately $1,120,000 . Closing of the Offering is expected to occur on or about February 28, 2018. Each Unit will consist of one common share and one half of one common share purchase warrant . Each [...]
TORONTO, Jan. 09, 2018 -- Montero Mining and Exploration Ltd. has completed assaying for lithium of all of the available reverse circulation chips from a historical RC drill program conducted at the Soris Lithium project. The prior operator did not assay for lithium. The results have been assessed and positive lithium values from inclined and vertical drill holes have been returned from the spodumene pegmatite intercepts [...]