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Last C$0.02 CAD
Change Today 0.00 / 0.00%
Volume 0.0
MON On Other Exchanges
As of 3:45 PM 05/20/15 All times are local (Market data is delayed by at least 15 minutes).

montero mining and explorati (MON) Snapshot

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52 Week High
05/28/14 - C$0.03
52 Week Low
12/3/14 - C$0.0050
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montero mining and explorati (MON) Details

Montero Mining and Exploration Ltd. engages in the identification, acquisition, evaluation, and exploration of mineral properties in Tanzania, South Africa, and Canada. It focuses on rare earth elements, phosphate, and uranium deposits. Its flagship project is Wigu Hill rare earth element project covering an area of 142 square kilometers in Tanzania. The company was incorporated in 2006 and is headquartered in Toronto, Canada.

Founded in 2006

montero mining and explorati (MON) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$62.5K
Chief Financial Officer, Secretary, Director ...
Total Annual Compensation: C$31.3K
Compensation as of Fiscal Year 2013.

montero mining and explorati (MON) Key Developments

Montero Mining and Exploration Seeks Financing

Montero Mining and Exploration Ltd. (TSXV:MON) is seeking a strategic investor or joint venture partner to advance Wigu Hill to a mining stage.

Montero Mining and Exploration Ltd. Receives Retention License Securing the Mining Rights to the Wigu Hill Rare Earth Project in Tanzania for an Additional 5 Years

Montero Mining and Exploration Ltd. has been granted a Retention License securing the mining rights to the Wigu Hill rare earth project in Tanzania for an additional 5 years. Montero applied for the Retention License in May of 2014 prior to the expiry of the Exploration License previously held. As part of the application, Montero compiled a comprehensive report on the mineral potential of the Wigu Hill Project which outlined exploration and metallurgical results and a program to advance the Wigu Hill project. The delay in issuance of the Retention License was due primarily to a request by the Ministry of Energy and Minerals for additional information on the proposed work program outlined in the application. The Retention license was granted on the 13th February, 2015, and the license was received on the March 20, 2015. Montero continues to conduct geological and metallurgical work at the Wigu Hill project while seeking strategic investors or a joint venture partner to advance the project to a mining stage.

Montero Mining and Exploration Ltd. Announces the Results of Moyale Graphite Project

Montero Mining and Exploration Ltd. announced the results of a review of existing information completed on the Moyale Graphite Project in Ethiopia. The Moyale deposit is described as having favorable characteristics for development as compared to other global flake graphite deposits. The graphite bearing horizons have been mapped and systematically sampled in shallow trenches. There is initial preliminary evidence to demonstrate upside exploration potential at Moyale. An exploration target on the order of 1.5 Mt of contained graphite (Cg) from the three defined areas combined has been developed, assuming that the graphite mineralization has grade and thickness continuity down dip to 100 m vertical depth. Given the current annual demand for natural flake concentrates this would be more adequate as the basis for conducting feasibility studies. A phased evaluation program of data verification, ground truthing, trenching/pitting and resampling and core drilling has been proposed to assess the mineral potential to a vertical depth of 100m. Metallurgical testwork will form an integral part of the program which is planned to lead to preparation of an NI 43-101 compliant resource and Preliminary Economic Analysis. The budget for the full program is estimated at approximately $1.5 million including contingency allowance.


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