Tertiary Minerals PLC (GB:TYM)
LSE:TYM
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Tertiary Minerals
(LSE:TYM)
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Rating:43Neutral
Price Target:
0.05 p
▼(-37.50% Downside)
Action:Reiterated
Date:06/06/26
The score is held down primarily by persistent losses and ongoing negative operating/free cash flow, alongside weak technical momentum with the price below major moving averages. A debt-free balance sheet provides some offsetting financial stability, while valuation signals are limited by negative earnings and no dividend data.
Positive Factors
Debt-free balance sheet
A zero-debt position across 2021–2025 meaningfully reduces financial solvency risk for an early-stage explorer. This conservatism preserves headroom to withstand exploration cycles, lowers mandatory financing costs, and improves optionality for partnering or staged project funding over the next 2–6 months.
Negative Factors
Persistent operating losses
Continuous negative EBIT and net income across multiple years erode retained capital and signal failure to reach operating breakeven. For an explorer without producing assets, sustained losses increase dependency on external funding or asset disposals, threatening long-term project continuity if trends persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt position across 2021–2025 meaningfully reduces financial solvency risk for an early-stage explorer. This conservatism preserves headroom to withstand exploration cycles, lowers mandatory financing costs, and improves optionality for partnering or staged project funding over the next 2–6 months.
Read all positive factors
Tertiary Minerals (TYM) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£3.55M
Dividend YieldN/A
Average Volume (3M)72.18M
Price to Earnings (P/E)―
Beta (1Y)1.40
Revenue Growth23.31%
EPS Growth50.00%
CountryUK
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding7,124,356,000
10 Day Avg. Volume42,642,776
30 Day Avg. Volume72,183,738
Financial Highlights & Ratios
PEG Ratio0.06
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 Target
£0.26Price Target Upside225.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
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 | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 200.57K | 162.66K | 181.43K | 171.05K | 165.06K |
| Gross Profit | 197.76K | 160.36K | 179.64K | 171.05K | 165.06K |
| EBITDA | -581.36K | -548.85K | -429.17K | -474.81K | -392.15K |
| Net Income | -583.92K | -550.93K | -541.34K | -1.18M | -406.96K |
Balance Sheet | |||||
| Total Assets | 1.54M | 1.73M | 876.43K | 901.54K | 1.36M |
| Cash, Cash Equivalents and Short-Term Investments | 70.80K | 775.75K | 121.81K | 59.41K | 472.73K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 189.60K | 149.49K | 81.33K | 96.09K | 92.84K |
| Stockholders Equity | 1.35M | 1.58M | 795.10K | 805.45K | 1.27M |
Cash Flow | |||||
| Free Cash Flow | -566.95K | -714.35K | -660.28K | -1.04M | -593.11K |
| Operating Cash Flow | -565.96K | -427.13K | -419.52K | -474.39K | -355.79K |
| Investing Cash Flow | -500.48K | -287.00K | -82.84K | -561.40K | -237.28K |
| Financing Cash Flow | 385.18K | 1.33M | 542.00K | 570.00K | 441.25K |
Tertiary Minerals Technical Analysis
Negative
0.08
Price Trends
0.07
Negative
0.08
Negative
0.07
Negative
Market Momentum
>-0.01
Positive
21.96
Positive
18.89
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TYM, the sentiment is Negative. The current price of 0.08 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and above the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 21.96 is Positive, neither overbought nor oversold. The STOCH value of 18.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
43 Neutral | £3.55M | -3.67 | -44.38% | ― | 23.31% | 50.00% | |
43 Neutral | £1.64M | -4.00 | -19.03% | ― | -100.00% | ― | |
43 Neutral | £5.67M | -0.72 | -66.28% | ― | ― | -400.00% | |
| ― | £1.57M | -0.21 | ― | ― | ― | -92.86% |
* Basic Materials Sector Average
GB:TYM
Tertiary Minerals
0.05
0.02
67.74%
GB:SRES
Sunrise Resources
0.02
<0.01
30.77%
GB:THR
Thor Mining
0.58
0.09
19.79%
GB:BHL
Bradda Head Lithium Limited
3.00
2.00
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GB:TM1
Technology Minerals PLC
0.05
>-0.01
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Tertiary Minerals Corporate Events
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...
Business Operations and Strategy
Tertiary Minerals Sets JORC Exploration Target at Zambia’s Mushima North
Positive
Mar 30, 2026
Tertiary Minerals has unveiled a JORC-compliant Exploration Target for its Mushima North Project in Zambia, defining Target A1 at 15–30 million tonnes grading 40–60 grams per tonne silver equivalent. The polymetallic silver-copper-zinc...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and FinancingShareholder Meetings
Tertiary Minerals Wins Shareholder Backing for All AGM Resolutions
Positive
Mar 20, 2026
Tertiary Minerals plc reported that all resolutions at its 19 March 2026 Annual General Meeting were approved, including the receipt of accounts, re-election and election of board members, and reappointment of its auditor. Shareholders also backed...
Business Operations and StrategyShareholder Meetings
Tertiary Minerals Shareholders Back All Resolutions at AGM
Positive
Mar 19, 2026
Tertiary Minerals plc, the AIM-listed explorer focused on copper and precious metals in Zambia and Nevada, confirmed that all resolutions put to shareholders at its Annual General Meeting were duly passed. The outcome signals continued shareholder...
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.