Montero Mining eyes C$2.2 million raise to fuel Chilean gold drilling

Mining Rare Earths & Specialist Minerals Written by: Angela Harmantas 10:36 Fri 21 Aug 2026 --> Proactive has a commercial relationship with Montero Mining and Exploration Ltd. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Montero Mining and Exploration Ltd ( TSX-V:MON OTC:MXTRF ) View Price & Profile Montero Mining eyes C$2.2 million raise to fuel Chilean gold drilling Published: 10:36 21 Aug 2026 EDT Montero Mining and Exploration Ltd (TSX-V:MON, OTC:MXTRF) is moving to raise up to C$2.2 million through a private placement, proceeds it says will go toward drilling at its Elvira Gold Project and advancing its broader portfolio of Chilean mineral assets. The non-brokered offering will consist of up to 4 million units priced at C$0.55 each. Each unit includes one common share and one half of one common share purchase warrant, with each whole warrant exercisable at C$0.70 for twelve months from issuance. The warrants carry an acceleration provision: if Montero's common shares close at or above C$1 on the TSX Venture Exchange for ten consecutive trading days, the company may accelerate the warrant expiry to 30 days following notice to warrant holders. Beyond exploration and drilling at Elvira, Montero said the net proceeds will support its other Chilean mineral projects and general working capital and corporate purposes. Continue reading