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Tertiary Minerals ( (GB:TYM) ) has provided an update.
Tertiary Minerals plc has raised £100,000 through a share placing with significant shareholder Mr. Stuart Packwood. The funds will support further exploration at the company’s silver-copper-zinc prospect, Target A1, in Zambia’s Mushima North Project. The capital will facilitate an aggressive drilling program aimed at expanding the mineralisation footprint and working towards a maiden mineral resource estimate. This development underscores investor confidence and supports Tertiary’s strategic focus on advancing its promising projects in the energy transition metals sector.
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 is an AIM-traded mineral exploration and development company focused on energy transition metals. The company operates in stable, mining-friendly jurisdictions, with projects primarily in Nevada and Zambia, targeting the discovery and development of copper and precious metal resources.
Average Trading Volume: 96,702,384
Technical Sentiment Signal: Hold
Current Market Cap: £3.47M
See more data about TYM stock on TipRanks’ Stock Analysis page.