Montero Announces Completion of Return of Capital and Comments on Share Price Volatility

Core Points - Montero Mining and Exploration Ltd. has completed a return of capital to its shareholders amounting to C$15,036,892.50 through a cash distribution [1] - The distribution was funded by a portion of the net proceeds from a US$27 million settlement with the Government of Tanzania regarding the Wigu Hill rare earth project [3] - The company has not reported any other material developments aside from the distribution, and recent share price volatility is believed to be linked to this event [2] Financial Details - The total cash distribution to shareholders was C$15,036,892.50, paid out pro rata [1] - The funds for the distribution were derived from a US$27 million settlement related to the expropriation of the Wigu Hill project [3] Shareholder Information - Registered shareholders must complete a letter of transmittal to receive the distribution, which is available on the company's SEDAR+ profile [5] - Following a consolidation of common shares effective May 5, 2025, shareholders received a letter from the transfer agent with instructions for exchanging share certificates [4]