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Tertiary Minerals ( (GB:TYM) ) just unveiled an announcement.
Tertiary Minerals plc announced that KoBold Metals has completed Stage 1 of its Earn-In Agreement on the Konkola West Copper Project, significantly exceeding the drilling requirements. KoBold will proceed to Stage 2, involving up to $6 million in exploration expenditure, and a new joint venture will be formed. This development underscores the strategic importance of the project in the Central African Copperbelt and provides Tertiary with potential future benefits while minimizing risk and capital expenditure.
Spark’s Take on GB:TYM Stock
According to Spark, TipRanks’ AI Analyst, GB:TYM is a Neutral.
The overall stock score of 53 reflects a company in a challenging financial situation with consistent losses and negative cash flows. However, its strong equity position and promising exploration projects in Zambia and Nevada offer potential upside. The technical indicators suggest neutral momentum, but valuation concerns persist due to negative earnings.
To see Spark’s full report on GB:TYM stock, click here.
More about Tertiary Minerals
Tertiary Minerals plc (AIM: TYM) is an AIM-traded mineral exploration and development company focused on energy transition metals. The company is engaged in the discovery and development of copper and precious metal mineral resources, primarily in Nevada and Zambia, within stable and mining-friendly jurisdictions.
Average Trading Volume: 103,538,493
Technical Sentiment Signal: Hold
Current Market Cap: £3.45M
For an in-depth examination of TYM stock, go to TipRanks’ Overview page.