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Tertiary Minerals
(LSE:TYM)
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Rating:44Neutral
Price Target:
0.06 p
▼(-27.50% Downside)
Action:Reiterated
Date:07/02/26
The score is driven mainly by weak financial performance—persistent losses and ongoing cash burn—partially offset by a debt-free balance sheet. Technical indicators also weigh on the score due to bearish momentum and a broader downtrend. Valuation provides limited support because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Debt-free balance sheet
Maintaining zero reported debt across 2021–2025 materially reduces refinancing and interest burdens, giving the company durable financial flexibility to pursue exploration or partner transactions without immediate creditor constraints. This lowers short- to medium-term solvency risk.
Negative Factors
Persistent operating losses
Consistent negative EBIT and net losses across multiple years erode equity and limit internal funding capacity. Over a 2–6 month horizon this structural profitability weakness increases reliance on external capital and constrains the firm's ability to progress projects independently.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Maintaining zero reported debt across 2021–2025 materially reduces refinancing and interest burdens, giving the company durable financial flexibility to pursue exploration or partner transactions without immediate creditor constraints. This lowers short- to medium-term solvency risk.
Read all positive factors
Tertiary Minerals (TYM) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£4.47M
Dividend YieldN/A
Average Volume (3M)72.18M
Price to Earnings (P/E)―
Beta (1Y)1.33
Revenue Growth-11.10%
EPS Growth50.00%
CountryUK
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding7,154,356,000
10 Day Avg. Volume42,642,776
30 Day Avg. Volume72,183,738
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)1.26
Price to Sales (P/S)8.54
P/FCF Ratio-3.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tertiary Minerals Business Overview & Revenue Model
Company Description
Tertiary Minerals plc, operating with its subsidiaries, focuses on the full lifecycle of mineral resource development, from initial discovery and acquisition to exploration and project advancement. Its portfolio encompasses a diverse range of proj...
How the Company Makes Money
Tertiary Minerals’ business model is primarily that of an early-stage explorer: it funds geological work (e.g., target generation, sampling, geophysics, drilling where applicable) to increase the value of its mineral project portfolio and seeks to...
Tertiary Minerals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 165.45K | 200.57K | 162.66K | 181.43K | 171.05K | 165.06K |
| Gross Profit | 162.52K | 197.76K | 160.36K | 179.64K | 171.05K | 165.06K |
| EBITDA | -636.61K | -581.36K | -548.85K | -429.17K | -474.81K | -392.15K |
| Net Income | -663.70K | -583.92K | -550.93K | -541.34K | -1.18M | -406.96K |
Balance Sheet | ||||||
| Total Assets | 1.76M | 1.54M | 1.73M | 876.43K | 901.54K | 1.36M |
| Cash, Cash Equivalents and Short-Term Investments | 77.73K | 70.80K | 775.75K | 121.81K | 59.41K | 472.73K |
| Total Debt | 471.57K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 591.87K | 189.60K | 149.49K | 81.33K | 96.09K | 92.84K |
| Stockholders Equity | 1.17M | 1.35M | 1.58M | 795.10K | 805.45K | 1.27M |
Cash Flow | ||||||
| Free Cash Flow | -678.93K | -566.95K | -714.35K | -660.28K | -1.04M | -593.11K |
| Operating Cash Flow | -677.58K | -565.96K | -427.13K | -419.52K | -474.39K | -355.79K |
| Investing Cash Flow | -269.56K | -500.48K | -287.00K | -82.84K | -561.40K | -237.28K |
| Financing Cash Flow | 927.18K | 385.18K | 1.33M | 542.00K | 570.00K | 441.25K |
Tertiary Minerals Technical Analysis
Neutral
0.08
Price Trends
0.06
Negative
0.07
Negative
0.07
Negative
Market Momentum
>-0.01
Negative
59.61
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TYM, the sentiment is Neutral. The current price of 0.08 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.06, and above the 200-day MA of 0.07, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 59.61 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:TYM.
Tertiary Minerals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
44 Neutral | £4.47M | -4.83 | -44.38% | ― | -11.10% | 50.00% | |
43 Neutral | £1.50M | -3.65 | -19.03% | ― | -100.00% | ― | |
43 Neutral | £5.67M | -0.61 | -66.28% | ― | ― | -400.00% | |
| ― | £1.49M | -0.11 | ― | ― | ― | -153.57% |
* Basic Materials Sector Average
GB:TYM
Tertiary Minerals
0.06
0.03
87.88%
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Tertiary Minerals Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Tertiary Minerals Updates Share Capital and Voting Rights Structure
Neutral
Jun 30, 2026
Tertiary Minerals plc, listed on AIM under ticker TYM, operates as a mineral exploration and development company focused on energy transition metals, notably copper and precious metals in Zambia and Nevada, U.S. Its asset base in politically stabl...
Regulatory Filings and Compliance
Tertiary Minerals Confirms Total Voting Rights at Over 7.1 Billion Shares
Neutral
Jun 30, 2026
Tertiary Minerals plc has confirmed that, as of 30 June 2026, it has 7,124,355,727 ordinary shares of 0.01 pence each in issue, with none held in treasury. This establishes the company’s total voting rights at 7,124,355,727, providing a clea...
Business Operations and StrategyPrivate Placements and Financing
Tertiary Minerals Directors Subscribe for Shares to Fund Mushima North Drilling
Positive
Jun 29, 2026
Tertiary Minerals has raised £15,000 through subscriptions by Managing Director Richard Belcher and Non‑Executive Director Mike Armitage, issuing 30 million new shares at 0.05 pence each on the same terms as its recent placing. Followin...
Business Operations and Strategy
Tertiary Minerals launches major drilling push at Mushima North silver-copper project in Zambia
Positive
Jun 25, 2026
Tertiary Minerals has begun a 4,000m reverse circulation drilling campaign at its Target A1 silver oxide discovery within the Mushima North Project in northwest Zambia, near the historic high-grade Kalengwa copper-silver mine. The programme aims t...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Tertiary Minerals advances Zambian silver-copper projects on fresh funding and JORC target
Positive
Jun 23, 2026
Tertiary Minerals reported unaudited interim results for the six months to 31 March 2026, highlighting significant progress at its Mushima North project in Zambia, where drilling returned high-grade silver and copper intersections and underpinned ...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Tertiary Minerals sharpens Zambian silver-copper focus as Mushima target grows and funding bolstered
Positive
Jun 23, 2026
Tertiary Minerals has reported strong operational progress at its Mushima North project in Zambia, where drilling has defined a JORC Exploration Target of 15–30 million tonnes grading 40–60g/t silver equivalent, implying up to 58 milli...
Business Operations and Strategy
Tertiary Minerals Appoints MAH as New Group Auditor After Crowe Resigns
Positive
Jun 22, 2026
Tertiary Minerals has appointed MAH, Chartered Accountants, as its new group auditor, effective 19 June 2026, following a competitive tender process and the resignation of former auditor Crowe U.K. LLP. MAH will audit the company’s financial...
Business Operations and Strategy
Tertiary Minerals launches major drilling push at Zambia’s Mushima North project
Positive
Jun 8, 2026
Tertiary Minerals plans a 4,000m reverse-circulation drilling campaign at its Target A1 silver oxide discovery within the Mushima North Project in northwest Zambia, aiming to convert an existing JORC exploration target into a maiden mineral resour...
Business Operations and StrategyPrivate Placements and Financing
Tertiary Minerals Raises £1 Million to Advance Zambian Silver Oxide Project
Positive
Jun 4, 2026
Tertiary Minerals has raised £985,000 before expenses via a placing of 1.97 billion new shares at 0.05 pence, a 17% discount to the prior closing bid, with the shares representing about 28% of the enlarged share capital and admission to AIM e...
Private Placements and FinancingRegulatory Filings and Compliance
Tertiary Minerals Corrects Exercise Price on Recent Warrant Grant
Neutral
May 15, 2026
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...
Business Operations and Strategy
Tertiary Minerals Fast-Tracks Flagship Zambian Silver-Copper Project and Expands JV Activity
Positive
May 5, 2026
Tertiary Minerals has highlighted its Mushima North Project in Zambia as its flagship asset, where a recently defined JORC-compliant Exploration Target at Target A1 points to substantial near-surface silver oxide mineralisation, with infill drilli...
Business Operations and Strategy
Tertiary Minerals to Brief Investors on Mushima North Silver-Copper Target
Positive
Apr 20, 2026
Tertiary Minerals will host an online investor presentation via the Investor Meet Company platform on 23 April 2026, led by Managing Director Dr Richard Belcher. The session will update shareholders and potential investors on the Mushima North Sil...
Business Operations and StrategyExecutive/Board Changes
Tertiary Minerals awards 47 million warrants to directors and staff
Neutral
Apr 17, 2026
Tertiary Minerals has granted 47,000,000 five-year warrants, equivalent to 0.91% of its existing issued share capital, as part of remuneration for employees and directors. The warrants, which carry an exercise price of 0.85 pence per share and ves...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.