Tertiary Minerals plc (LSE:TYM) has announced that KoBold Metals has successfully completed Stage 1 of its Earn-In Agreement for the Konkola West Copper Project, surpassing the required drilling commitments. With this milestone achieved, KoBold will advance to Stage 2, which includes up to $6 million in additional exploration spending and the formation of a new joint venture between the two companies.
This progress highlights the strategic significance of Konkola West within the Central African Copperbelt and positions Tertiary to benefit from future project upside while limiting financial exposure and risk.
Despite facing ongoing financial challenges marked by losses and constrained cash flow, Tertiary maintains a solid equity foundation and continues to advance promising exploration assets in Zambia and Nevada. While technical indicators show neutral momentum, investor attention remains focused on the company’s long-term potential in energy transition metals.
More about Tertiary Minerals plc
Tertiary Minerals plc is an exploration and development company focused on discovering and advancing copper and precious metal projects essential to the global energy transition. Operating primarily in Nevada, USA, and Zambia, the company targets resource growth in stable, mining-friendly jurisdictions.
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