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Montero Mining and Exploration ( (TSE:MON) ) has issued an update.
Montero Mining and Exploration Ltd. has announced a Special Meeting of Shareholders to vote on a proposed C$15 million distribution, stemming from a settlement with Tanzania over the Wigu Hill project. This distribution marks a significant financial event for Montero, potentially impacting its operations and shareholder value by redistributing part of the settlement funds.
More about Montero Mining and Exploration
Montero Mining and Exploration Ltd. is a Canadian exploration company focused on mineral development in emerging markets. The company has recently settled a US$27 million dispute with the Government of Tanzania over the expropriated Wigu Hill rare earth project. Montero also holds the Avispa copper-molybdenum project in northern Chile and is advancing it through exploration. The company is listed on the TSX Venture Exchange under the symbol MON.
Average Trading Volume: 29,057
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$15.62M
See more data about MON stock on TipRanks’ Stock Analysis page.