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The latest announcement is out from Tertiary Minerals ( (GB:TYM) ).
Tertiary Minerals plc announced that it has raised an additional £25,000 through a subscription by certain directors, following a previous placing. This move results in the issuance of 83,333,333 new ordinary shares, which will be used for drilling at the Mushima North Project and for working capital. The directors’ participation in the subscription is considered a related party transaction, and the terms have been deemed fair and reasonable. The new shares are expected to be admitted to trading on AIM by 7 July 2025, potentially enhancing the company’s operational capabilities and market presence.
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 is primarily engaged in the discovery and development of copper and precious metal mineral resources in Zambia and Nevada, operating in stable and mining-friendly jurisdictions.
Average Trading Volume: 23,439,826
Technical Sentiment Signal: Sell
Current Market Cap: £1.39M
See more insights into TYM stock on TipRanks’ Stock Analysis page.