Montero Mining Welcomes New Board Member Timothy Livesey
Montero Mining and Exploration Ltd. (TSX-V: MON) is excited to share some great news. The company has appointed Timothy (Tim) Livesey as a Non-Executive Director on its Board of Directors. With over 30 years of experience in gold and base metal exploration, Tim's extensive knowledge and expertise will be a significant asset to Montero.
Tim's professional background includes 14 influential years at Barrick Gold, where he held various global positions that established him as a leader in the mining sector. His experience ranges from conducting feasibility studies to advancing major projects. Notably, he was instrumental in the Tethyan Copper Company Joint Venture at the Reko Diq copper-gold project in Pakistan, which garnered considerable attention due to its complex arbitration issues.
A Proven Leader in Mining Operations
In addition to his work at Barrick, Tim has played a vital role in major projects such as the Nkomati Nickel Mine in South Africa and the Kabanga Nickel Project in Tanzania. His skill in managing international investment disputes makes him a valuable addition to Montero as the company aims to broaden its operational presence.
Dr. Tony Harwood, President and CEO of Montero Mining, expressed his enthusiasm, stating, "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 highlights the confidence in Tim's capabilities to guide the company toward success.
Board Expansion and Stock Options
With Timothy Livesey's appointment, the number of directors on Montero’s board now totals five, marking a significant advancement in the company’s governance. Subject to 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 strategy to incentivize its leadership team while enhancing stakeholder value.
About Montero Mining and Exploration Ltd.
Currently, Montero is actively engaged in arbitration proceedings seeking substantial damages related to the expropriation of its Wigu Hill rare earth element project. The company is pursuing claims exceeding CDN$90 million against the United Republic of Tanzania. Additionally, Montero is looking for a joint venture partner to 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
If you have any inquiries, 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
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, which is critical for the company’s future projects.
What stock 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.
