MR1
Director Trades
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Company News
Montem Resources raises cash to advance Tent Mountain renewables project
Aspiring renewables producer Montem Resources (ASX: MR1) has raised $3 million to advance feasibility studies for its Tent Mountain Renewable Energy Complex (TM-REX) in Alberta, Canada. The funds were raised through a share placement to sophisticated and professional investors priced at $0.051 per share, which represents a 13.6% discount to the last closing price and […]
Montem Resources seeks strategic partner to acquire 50% of TM-REX project
Aspiring renewables producer Montem Resources (ASX: MR1) spent the three months to December 2022 focused on securing a strategic partner to advance development of its Tent Mountain renewable energy complex (TM-REX) project in Canada. The company is seeking a partner to purchase 50% of the project, thereby raising enough development capital to advance the pumped […]
Quarterly explorers round-up – what’s been happening in the small cap space?
It was a busy September quarter in the small cap resource and energy spaces, with some major discoveries and project milestones achieved amid a strong outlook for most commodities. With rapidly rising inflation and volatile markets, the junior gold space continued to shine. Gold Gold explorers making headlines in the September quarter included: Kin Mining […]
Montem Resources pre-feasibility study confirms Tent Mountain as ‘outstanding’ renewable energy project
Montem Resources (ASX: MR1) has debuted the much-anticipated pre-feasibility study for its Tent Mountain renewable energy complex (TM-REX), which confirms it as an “outstanding” renewable energy project with “compelling economics”. Tent Mountain is a historical coal mine in Alberta, and Montem identified it as a potential development site for an integrated renewable energy complex that […]
Montem Resources inks deal with Invest Alberta to advance Tent Mountain renewable energy complex
Montem Resources (ASX: MR1) has partnered with Invest Alberta to work on converting the historical Tent Mountain coal mine in Canada into a renewable energy complex. The pair signed a memorandum of understanding last month which outlines the roles and responsibilities each will undertake in working together to establish the project. In today’s announcement Montem managing […]
Montem Resources’ Tent Mountain project remains unimpacted by government policies
Montem Resources (ASX: MR1) has revealed its Canada-based Tent Mountain project remains unaffected by Government of Alberta’s latest coal policies – as coking coal prices hit unprecedented highs. The Government of Alberta released coal policy committee reports earlier this month after a review of the Alberta 1976 Coal Development Policy. Under the recommendations, Tent Mountain […]
Montem Resources contracts Hatch for Tent Mountain engineering and design
Montem Resources (ASX: MR1) has contracted multinational firm Hatch to complete detailed engineering and design work for class III cost estimates relating to the pump hydro energy storage (PHES) element of its Tent Mountain renewable energy complex (TM-REX) in Canada. The work will contribute to planning for the transition of the former Tent Mountain coal […]
Montem Resources moves forward with Tent Mountain renewable energy complex
Montem Resources (ASX: MR1) has established an energy transition steering committee to drive the development of its Tent Mountain renewable energy complex in Canada. The committee will be chaired by Canadian power industry executive Will Bridge and will include Montem chief commercial officer Robert Bell and a group of subject matter experts across a range […]
Are Australian coal mining companies oversold?
There is a world of difference between a commitment to “phase-out” a commodity, and a proposal to “phase-down” a commodity, which is a reason for taking a fresh look at heavily oversold Australian coal mining companies. While not widely researched because they have become ethically incorrect, some coal stocks are trading at close to half […]
Montem Resources appoints renewables expert to lead energy transition steering committee
Following on from its newly unveiled strategy to become Canada’s first large-scale green hydrogen producer, Montem Resources (ASX: MR1) has announced the appointment of Will Bridge as chair of its Tent Mountain energy transition steering committee. The company had initially focused on developing a hard coking coal project at Tent Mountain in Alberta, Canada, but […]
