Montero Mining and Exploration Ltd (MON) Financings
TSXV: MON · Copper, Molybdenum, Gold · Exploration stage
- Market cap$3.4M
- Share price$0.410
- 52-week range$0.345 – $0.880
- Shares outstanding8,353,833
- ExchangeTSXV
- Websitewww.monteromining.com
Montero holds a 100% interest in the Avispa copper-molybdenum project in the Palaeocene Porphyry Cu-Mo Belt of northern Chile and has options to acquire the Elvira and Potrero gold projects in the Maricunga Gold Belt. The Company is currently drilling the Elvira Gold Project and advancing exploration at its other Chilean projects. Montero is listed on the TSX Venture Exchange under the symbol MON and has 8,453,833 common shares and 735,383 stock options outstanding.
- Company Overview
- Interactive Economic Study
- Mining Data
- News
- Financials
- Management Team
- Insider Sales
- SEDAR+ Filings
Montero Mining and Exploration Ltd financial statements
Key figures read from 40 of 40 financial statement filings, Nov 10, 2016 to Aug 31, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$16,742 | C$417,527 | C$9,641 | C$4,718 | C$241,178 |
| Total current assets | C$2,332,501 | C$20,898,016 | C$42,737 | C$38,140 | C$295,649 |
| Total current liabilities | C$292,685 | C$745,720 | C$1,623,089 | C$759,292 | C$438,969 |
| Working capital | C$2,039,816 | C$20,152,296 | (C$1,580,352) | (C$721,152) | (C$143,320) |
| Exploration and evaluation assets | C$1,170,862 | C$768,625 | C$819,541 | C$559,694 | C$474,835 |
| Property, plant and equipment | C$2,462 | C$4,925 | C$431 | C$624 | C$906 |
| Total assets | C$3,505,825 | C$21,671,566 | C$862,709 | C$598,458 | C$771,390 |
| Debt | C$0 | C$216,986 | C$266,120 | — | — |
| Shareholders' equity | C$3,213,140 | C$20,925,846 | (C$760,380) | (C$160,834) | C$332,421 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | — | — | — | (C$294,965) | (C$1,018,964) |
| General and administrative | C$1,770,077 | C$307,321 | C$354,628 | C$237,246 | C$327,505 |
| Share-based compensation | C$39,906 | C$1,449,233 | — | — | — |
| Net income (loss) | (C$2,715,719) | C$17,877,061 | (C$599,546) | (C$493,255) | (C$1,369,525) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | C$16,764,046 | (C$788,434) | (C$122,323) | (C$172,199) | (C$329,392) |
| Investing cash flow | (C$1,910,952) | (C$733,617) | (C$397,272) | (C$340,226) | (C$1,168,525) |
| Financing cash flow | (C$15,253,879) | C$1,929,937 | C$524,518 | C$275,965 | C$35,000 |
| Exploration spending (capitalized) | (C$402,058) | (C$228,245) | (C$397,272) | (C$340,226) | (C$1,168,525) |
| Property, plant and equipment spending | C$0 | (C$5,372) | — | — | — |
| Proceeds from share issues | C$0 | C$2,107,203 | — | — | C$0 |
| Change in cash | (C$400,785) | C$407,886 | C$4,923 | (C$236,460) | (C$1,462,917) |
| Cash at end of period | C$16,742 | C$417,527 | C$9,641 | C$4,718 | C$241,178 |
Montero Mining and Exploration Ltd financings
3 financings announced or closed by Montero Mining and Exploration Ltd, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-08-21 | Montero Mining and Exploration Ltd (MON) | Private placement, non-brokered | Closed, 1 tranche | $2.2M | $0.550 | Montero Announces $2,200,000 Non-Brokered Private Placement |
| 2024-08-06 | Montero Mining and Exploration Ltd (MON) | Private placement, non-brokered | Tranche closed, 1 tranche | $1.3M | $0.270 | Or Dissemination in the United States/ |
| 2023-12-29 | Montero Mining and Exploration Ltd (MON) | Private placement, non-brokered | Announced | $800K | $0.150 | Montero Announces $800,000 Non-Brokered Private Placement and Share for Debt Exchange |
Montero Mining and Exploration Ltd debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Montero Mining and Exploration Ltd has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2017-05-12 | Loan, repaid / settled | — | C$500,000 | 12%, matures 2014-05-31 |