Tertiary Minerals Corrects Exercise Price on Recent Warrant Grant

Tertiary Minerals ( (GB:TYM) ) just unveiled an announcement.

Tertiary Minerals has issued a correction to its previously announced grant of warrants, clarifying that the exercise price should be 0.085 pence per share, not 0.85 pence as initially stated. The revised price aligns the warrants with the closing mid-market share price on 16 April 2026 and leaves all other terms of the grant unchanged, ensuring accurate disclosure for investors and warrant holders.

The company’s clarification removes a tenfold pricing discrepancy that could have materially affected the perceived value and terms of the warrants. By promptly correcting the error, Tertiary seeks to maintain transparency and trust in its capital markets communications, while avoiding confusion for stakeholders assessing the economic impact of the warrant issue.

Spark’s Take on TYM Stock

According to Spark, TipRanks’ AI Analyst, TYM is a Neutral.

The score is held down primarily by weak financial performance—persistent losses and ongoing cash burn—despite the mitigating positive of a debt-free balance sheet. Technicals are mixed (improving longer-term trend but weak near-term momentum), and valuation remains constrained by negative earnings and no dividend support.

To see Spark’s full report on TYM stock, click here.

More about Tertiary Minerals

Tertiary Minerals plc is a London-listed mineral exploration company focused on copper and precious metals projects in Zambia and Nevada, USA. The company targets early-stage and advanced exploration assets in these jurisdictions, aiming to build a portfolio leveraged to global demand for critical and precious metals.

Average Trading Volume: 29,936,915

Technical Sentiment Signal: Hold

Current Market Cap: £4.12M

Learn more about TYM stock on TipRanks’ Stock Analysis page.