공시 • Jan 27
Montero Mining and Exploration Ltd. Announces Board and Audit Committee Changes Montero Mining and Exploration Ltd. announced that Mr. Andrew Thomson has stepped down as a Director of the Company and as Chair of the Audit Committee, effective January 26, 2026, to pursue other professional opportunities. Mr. Thomson has been a long-standing and loyal supporter of Montero, having served the Company for many years. During his tenure, he provided valuable guidance and oversight, particularly in his role as Chair of the Audit Committee and made a meaningful contribution to the Company's governance and strategic direction. The Company further announces that Mr. Tim Livesey, a current Director of Montero, has accepted the role of Interim Chair of the Audit Committee. Mr. Livesey is a seasoned mining executive with extensive experience in corporate governance, project development, and international mining operations. New Risk • Nov 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 67% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). High level of non-cash earnings (67% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.51m market cap, or US$2.51m). 공시 • Oct 07
Montero Mining and Exploration Ltd., Annual General Meeting, Dec 10, 2025 Montero Mining and Exploration Ltd., Annual General Meeting, Dec 10, 2025. Location: ontario, toronto Canada New Risk • Jul 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 26% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Revenue is less than US$1m. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (CA$16.3m market cap, or US$12.0m). 공시 • Jun 13
Montero Mining and Exploration Ltd. Approves Cash Distribution, Payable on July 3, 2025 Montero Mining and Exploration Ltd. announced that its shareholders (the “Shareholders”) have approved the previously announced return of capital to Shareholders. This will be done through a cash distribution totalling CAD 15,036,892.50, paid out pro rata to Shareholders by reducing the Company’s stated capital (the “Distribution”). Each Shareholder will receive CAD 1.80 per common share of the Company (the “Shares”), based on the current number of Shares issued and outstanding as of the date hereof. The funds for this Distribution come from part of the net proceeds Montero received from its USD 27 million settlement with the United Republic of Tanzania, which resolved the dispute related to the expropriation of the Wigu Hill rare earth project. Important Dates: Record Date: June 24, 2025. Payment Date: July 3, 2025. From the beginning of trading on June 24, 2025, to and including July 3, 2025 (the “Due Bill Period”), Montero Shares will trade with a “Due Bill” attached. This means that anyone who buys Shares during this period is also buying the right to receive the Distribution. Montero Shares will begin trading without the right to the Distribution (ex-distribution) on the opening of trading on July 4, 2025, accordingly, Shareholders at the close of business on July 3, 2025, are the Shareholders that will be entitled to receive the Distribution. July 4, 2025, will be the ex-distribution date. The Due Bill will be redeemed on July 4, 2025, once all trades with the Due Bills attached have been settled. Shareholders shall receive their pro rata share of the Distribution on or around this date. New Risk • Apr 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.8m (US$9.69m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.0m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.8m market cap, or US$9.69m). 
