Wigu Hill rare earth project
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Montero Announces Quotation on Frankfurt Stock Exchange Under the Symbol ES0
TMX Newsfile· 2025-12-15 13:31
Core Points - Montero Mining and Exploration Ltd. has announced that its common shares are now traded on the Frankfurt Stock Exchange under the symbol ES0, providing international exposure to investors in Canada, the US, and Europe [1][2] - The listing on the Frankfurt Stock Exchange was driven by shareholder demand for improved access and trading liquidity in Europe [2] - Montero holds a 100% interest in the Avispa copper-molybdenum project in northern Chile and has options to acquire additional gold projects in the Maricunga Belt, indicating a focus on mineral development [3] - The company recently settled a dispute with the Government of Tanzania for US$27 million regarding the expropriated Wigu Hill rare earth project, with approximately $15 million distributed to shareholders in July 2025 [4] Company Overview - Montero Mining and Exploration Ltd. is a Canadian exploration company focused on mineral development in emerging markets [4] - The company is listed on the TSX Venture Exchange under the symbol MON, with 8,353,833 common shares and 835,383 stock options outstanding [5]
Montero Announces Shareholder Approval of Return of Capital and Key Distribution Dates
Globenewswire· 2025-06-11 17:39
Core Points - Montero Mining and Exploration Ltd. has announced a return of capital to shareholders through a cash distribution totaling C$15,036,892.50 [1][2] - Each shareholder will receive C$1.80 per common share based on the current number of shares outstanding [2] - The funds for this distribution are derived from a US$27 million settlement with the Government of Tanzania regarding the Wigu Hill rare earth project [2][4] Important Dates - The record date for the distribution is June 24, 2025, and the payment date is July 3, 2025 [6] - Shares will trade with a "Due Bill" from June 24, 2025, to July 3, 2025, meaning buyers during this period will also receive the distribution [6] - The ex-distribution date is July 4, 2025, when shares will begin trading without the right to the distribution [6] Company Overview - Montero Mining and Exploration Ltd. is a Canadian exploration company focused on mineral development in emerging markets [4] - The company holds the Avispa copper-molybdenum project in northern Chile and has a strong track record in discovering and developing mineral projects [5] - Montero is listed on the TSX Venture Exchange under the symbol MON, with 8,353,833 common shares and 741,667 stock options outstanding [5]