Tertiary Minerals plc (LSE:TYM) has secured £100,000 through a share placing with major shareholder Stuart Packwood. The funds will be directed toward advancing exploration at the Target A1 silver-copper-zinc prospect within the Mushima North Project in Zambia.
The capital injection will enable the company to accelerate drilling activities, expand the mineralisation footprint, and progress toward establishing a maiden mineral resource estimate. This development signals continued investor support and aligns with Tertiary’s strategic objective of advancing projects in the energy transition metals sector.
While the company faces ongoing financial pressures from losses and negative cash flow, its solid equity base and exploration upside in Zambia and Nevada offer growth potential. Technical indicators currently show neutral momentum, though valuation concerns remain due to negative earnings.
About Tertiary Minerals plc
Tertiary Minerals is an AIM-quoted exploration and development company focused on energy transition metals. Operating in stable, mining-friendly jurisdictions, its key projects are located in Zambia and Nevada, with a primary focus on discovering and developing copper and precious metal resources.
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