Montero Mining and Exploration Ltd. is a mineral exploration and development company engaged in its flagship Rare Earth Elements (REE) Project Wigu Hill in Tanzania and has phosphate assets in South Africa and uranium assets in Tanzania and Quebec, Canada. Montero remains focussed on the development of our flagship Wigu Hill Rare Earth Element Project in Tanzania, which is a high-grade, undeveloped Light Rare Earth Element deposit. The Company’s current focus is on acheiving early production of fine rare earth chemicals and metals from Wigu Hill. Montero has a fast-track strategy to advance a portion of the Wigu Hill deposit to the mining and production stage in the short-term while further defining a much larger deposit. Montero recently produced samples of saleable Rare Earth products, proving an effective process route, and signed a MoU with Star Earth Minerals. With China's dominance over supply and control over export quotas, it is becoming imperative that the rest of the world develops new rare earth resources to meet the increasing demand from “green” technology.
Montero’s growth strategy is to develop the Wigu Hill Rare Earth Element project and to bring this to account by eventual rare earth production and cash flow. Montero plans to operate in an environmentally and socially responsible manner, adding value to all stakeholders. Montero has a highly experienced Board and Management team that has built and operated mines and refineries before which brings significant credibility to our strategy of becoming a rare earth producer. Montero trades on the TSX.V under symbol MON.