Montero Mining Awards Stock Options to Boost Development
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Montero Mining Grants Stock Options to Enhance Opportunities
TORONTO — Montero Mining and Exploration Ltd. (TSX-V: MON), a prominent player in the mining sector, has announced the granting of 4,050,000 stock options to its Board of Directors, management, and consultants under the Corporation's incentive Stock Option Plan. These options are set at an exercise price of $0.33 and come with a five-year term, pending regulatory approval.
Dr. Tony Harwood, the President and CEO of Montero, expressed heartfelt gratitude to the directors, management, and consultants for their steadfast support throughout the years. This gesture not only recognizes their contributions but also aligns with the company’s strategic goals moving forward.
About Montero Mining and Exploration Ltd.
Currently, Montero is engaged in arbitration proceedings to seek compensation exceeding CDN$90 million due to the expropriation of its Wigu Hill rare earth elements project by the United Republic of Tanzania. This legal battle underscores the challenges that companies face in the global mining landscape.
Exploring New Opportunities
In addition to its legal endeavors, Montero is actively searching for a joint venture partner to further develop its Avispa copper-molybdenum project located in Chile. This partnership is crucial for the advancement of the project, reflecting Montero's proactive approach in navigating the mining industry’s complexities.
Commitment to Stakeholders
The recent award of stock options serves as an incentive to align the interests of Montero with those of its stakeholders. With this move, the company aims to foster a collaborative environment that encourages innovation and growth within its operations.
Contact Information for Montero Mining
For further inquiries or detailed information, please reach out to:
Montero Mining and Exploration Ltd.
Dr. Tony Harwood, President and Chief Executive Officer
E-mail: ir@monteromining.com
Tel: +1 604 428 7050
Visit: www.monteromining.com
Frequently Asked Questions
What stock options has Montero Mining recently awarded?
Montero Mining has awarded 4,050,000 stock options to its Board of Directors, management, and consultants under its incentive Stock Option Plan.
What is the exercise price for these options?
The options have an exercise price set at $0.33.
Why is Montero involved in arbitration proceedings?
Montero is in arbitration to seek over CDN$90 million in damages from the United Republic of Tanzania due to the expropriation of the Wigu Hill project.
What project is Montero looking for a partner for?
Montero is seeking a joint venture partner to advance its Avispa copper-molybdenum project located in Chile.
Who can I contact for more information about Montero?
You can contact Dr. Tony Harwood, CEO of Montero, at ir@monteromining.com or by phone at +1 604 428 7050.
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