Tim Livesey Joins Montero Mining and Exploration Board
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Montero Mining Welcomes New Board Member Timothy Livesey
Montero Mining and Exploration Ltd. (TSX-V: MON) has exciting news. The company is pleased to announce that Timothy (Tim) Livesey has been appointed as a Non-Executive Director on its Board of Directors. With over 30 years of experience in gold and base metal exploration, Tim brings a wealth of knowledge and expertise that will significantly benefit Montero.
Livesey's professional journey includes 14 impactful years at Barrick Gold, where he held various global roles that positioned him as a leader in the mining industry. His experience covers everything from feasibility studies to the development of advanced projects. Notably, he played a critical role in the Tethyan Copper Company Joint Venture at the Reko Diq copper-gold project in Pakistan, which attracted much attention due to its complex arbitration matters.
A Proven Leader in Mining Operations
Tim has also contributed to significant projects like the Nkomati Nickel Mine in South Africa and the Kabanga Nickel Project in Tanzania. His adeptness in navigating international investment disputes makes him a valuable asset to Montero as the company seeks to expand its operational footprint.
As Dr. Tony Harwood, President and CEO of Montero Mining, expressed, "We are thrilled to welcome Tim Livesey to Montero’s Board of Directors. His extensive international exploration experience and his involvement in significant arbitration processes will be invaluable to our team." This statement underscores the confidence in Tim's abilities to steer the company toward success.
Board Expansion and Stock Options
The appointment of Timothy Livesey brings the total number of directors on Montero’s board to five, marking an important step in the company’s governance. Pending regulatory approval, Montero has granted Mr. Livesey 400,000 Stock Options under its Incentive Stock Option Plan, with an exercise price of $0.34 and a five-year term. This aligns with Montero's approach to incentivizing its leadership team while driving stakeholder value.
About Montero Mining and Exploration Ltd.
Currently, Montero is actively involved in arbitration proceedings seeking considerable damages related to the expropriation of its Wigu Hill rare earth element project. The company is pursuing claims of over CDN$90 million against the United Republic of Tanzania. Additionally, Montero is searching for a joint venture partner to help advance its Avispa copper-molybdenum project in Chile. With 50,122,975 shares outstanding, Montero continues to trade under the symbol MON on the TSX Venture Exchange.
Contact Details
For further inquiries, 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
Website: www.monteromining.com
Frequently Asked Questions
Who is Timothy Livesey?
Timothy Livesey is a seasoned geologist and mining professional with over 30 years of experience in the mining industry. He has recently been appointed to Montero's Board of Directors.
What is the significance of Livesey's appointment?
His appointment strengthens Montero's Board by adding extensive expertise in international mining operations and arbitration, critical for the company’s future projects.
What stocks options were granted to Livesey?
Livesey has been granted 400,000 Stock Options under Montero's Incentive Stock Option Plan, with an exercise price of $0.34 and a five-year term, pending regulatory approval.
What projects is Montero currently pursuing?
Montero is involved in arbitration seeking damages from Tanzania regarding its Wigu Hill project and is looking for a joint venture partner for the Avispa copper-molybdenum project in Chile.
How can I contact Montero Mining?
You can contact Montero by emailing Dr. Tony Harwood at ir@monteromining.com or by calling +1 604 428 7050.
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