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Montero Mining and Exploration ( (TSE:MON) ) just unveiled an update.
Montero Mining and Exploration Ltd. has announced the repricing of 741,667 outstanding incentive stock options to purchase common shares, reducing the exercise price from between $1.98 and $2.04 to $0.30 per share. This repricing is subject to approval by the TSX Venture Exchange and disinterested shareholders, particularly for options held by insiders, and is intended to be addressed at the company’s next annual general meeting in Q4 2025.
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 recently settled a US$27 million dispute with the Government of Tanzania over the Wigu Hill rare earth project and is advancing its Avispa copper-molybdenum project in northern Chile. Montero is listed on the TSX Venture Exchange and has a strong track record in discovering and developing metal projects.
Average Trading Volume: 63,859
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$2.55M
For an in-depth examination of MON stock, go to TipRanks’ Overview page.