Montero’s Compensation Claim for Damages for the Expropriation of the Wigu Hill Project Underway

TORONTO, Nov. 29, 2021 (GLOBE NEWSWIRE) -- Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Company”) is pleased to announce that the dispute resolution process dealing with the expropriation of the Wigu Hill rare earth element project in Tanzania is now underway. The International Centre for Settlement of Investment Disputes’ (“ICSID”) arbitration tribunal was constituted on the 18 November 2021 signalling that the process initiated by Montero to protect its investment and exploration rights in Tanzania will now proceed.

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