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Montero Mining and Exploration ( (TSE:MON) ) has shared an announcement.
Montero Mining and Exploration Ltd. has granted 93,716 stock options to its board of directors, management, and consultants as part of its incentive Stock Option Plan, with an exercise price of $0.45 and a five-year term. This move follows the company’s recent US$27 million settlement with the Government of Tanzania over the expropriated Wigu Hill rare earth project, which resulted in a $15 million distribution to shareholders, potentially strengthening Montero’s financial position and stakeholder confidence.
More about Montero Mining and Exploration
Montero Mining and Exploration Ltd. is a Canadian exploration company focused on discovering and developing precious and critical mineral projects in Chile. The company holds a 100% interest in the Avispa copper-molybdenum project and has options to acquire the Elvira and Portero gold projects in the Maricunga Belt. Montero is listed on the TSX Venture Exchange.
Average Trading Volume: 65,812
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$3.47M
See more data about MON stock on TipRanks’ Stock Analysis page.