Montero Mining and Exploration (TSE:MON) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Montero Mining and Exploration has reached a $27 million settlement with Tanzania concerning the expropriation of its Wigu Hill rare earth project. This resolution ends a lengthy seven-year dispute and avoids the need for costly arbitration proceedings. The settlement will also enable Montero to allocate funds for operational needs and potentially return capital to shareholders.
For further insights into TSE:MON stock, check out TipRanks’ Stock Analysis page.