July 29, 2024 (Globalinvestorideas.com Newswire) Globalinvestorideas.com, a go-to platform for big investing ideas, including mining stocks reports on trading for Montero Mining and Exploration Ltd. (TSX-V: MON).
The stock is trading at 0.3550, gaining 0.0600, up +20.34% on volume of over 2.4 Million shares.
The most recent news from the company was in June when they provided an update on the arbitration proceedings against the United Republic of Tanzania (“Tanzania”) over the expropriation of the Wigu Hill rare earth element project (“Wigu Hill”) before the International Centre for Settlement of Investment Disputes (“ICSID”).
The Tribunal has set new dates for the hearing which will take place from November 25th to 29th 2024, at the Paris Arbitration Centre, Paris, France. After the previous hearing date was postponed, the Tribunal preferred to keep the hearing in person and decided to move the hearing dates to accommodate all parties.
Dr Tony Harwood, President and CEO of Montero commented: “Montero is pleased that a new hearing date has been decided by the Tribunal. We are ready to present our case at the hearing which will be open to the public and which recordings will be made available online. We are optimistic of a positive outcome given the Indiana Resources judgement for US$ 113 million, plus legal costs, and Winshear Gold’s settlement of US$ 30 million, both of which were concluded in 2023 and led by Montero’s lead attorney Timothy Foden.”
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