Montero to hold Special Meeting of Shareholders to approve C$15 million Distribution

Core Viewpoint - Montero Mining and Exploration Ltd. is holding a Special Meeting of Shareholders on June 11, 2025, to vote on a proposed distribution of approximately C$15 million from the proceeds of a US$27 million settlement with the Government of Tanzania regarding the Wigu Hill rare earth project [1][2][5]. Group 1: Meeting Details - The Special Meeting will take place at 9:30 am EDT at the offices of Peterson McVicar LLP in Toronto, Ontario [1]. - Shareholders are encouraged to vote in advance, with a deadline for proxy submission set for 9:30 am EDT on June 9, 2025 [3]. Group 2: Financial Distribution - The proposed distribution of C$15 million will be made on a pro rata basis through a reduction in stated capital [2]. - This distribution is part of the net proceeds from the settlement with Tanzania, which totaled US$27 million [2]. Group 3: Company Overview - Montero Mining and Exploration Ltd. focuses on mineral development in emerging markets and has recently resolved a dispute over the Wigu Hill rare earth project [5]. - The company also holds the Avispa copper-molybdenum project in northern Chile and is advancing it through exploration [6]. - Montero is listed on the TSX Venture Exchange under the symbol MON, with 8,353,833 Common Shares and 741,667 stock options outstanding [6].