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An update from Tertiary Minerals ( (GB:TYM) ) is now available.
Tertiary Minerals plc has secured a £450,000 unsecured convertible loan from Sanderson Capital Partners to expand its exploration program at the Mushima North Project in Zambia. This funding will allow the company to accelerate its drilling activities and undertake additional mineralogical studies, aiming to produce a maiden mineral resource within the next 12 months. The loan agreement provides flexibility for Tertiary to increase its exploration efforts, potentially enhancing its market position and offering significant value to its stakeholders.
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 a company focused on exploring energy transition and precious metals, with operations primarily in Zambia and Nevada. The company is engaged in the exploration of silver, copper, and zinc, with a significant focus on its Mushima North Project.
Average Trading Volume: 104,000,730
Technical Sentiment Signal: Hold
Current Market Cap: £3.33M
For detailed information about TYM stock, go to TipRanks’ Stock Analysis page.