Montero Mining and Exploration Ltd V.MON

Montero Comments on Share Price Move

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TORONTO, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Company”) provides the following update on the move in Montero’s share price. Montero has a fully funded arbitration case underway for the expropriation of its Wigu Hill rare earth element project against the United Republic of Tanzania (“Tanzania”). The in-person arbitration hearing is scheduled to be held at the International Centre for Settlement of Investments Disputes (“ICSID”) hearing centre in Washington DC., USA, from 4 – 8 December 2023. Two other junior mining companies are seeking compensation for expropriation of their Retention Licences in Tanzania, Indiana Resources Limited (“Indiana”) (ASX:IDA) and Winshear Gold Corp. (“Winshear”) (TSX-V:WINS).

Montero Comments on Share Price Move (globenewswire.com)