Tertiary Minerals plc (LSE:TYM) has announced a planned leadership change, with founder and Executive Chairman Patrick Cheetham set to move into the role of Non-Executive Chairman from 1 January 2026. The transition follows the appointment of Dr Richard Belcher as Managing Director in March 2025 and forms part of the company’s broader organisational development.
The board change comes as Tertiary Minerals continues to advance its exploration portfolio, including a recent silver-copper-zinc discovery in Zambia. The company remains focused on building exposure to energy transition metals while progressing projects across its assets in Zambia and Nevada.
From a financial perspective, the group continues to face challenges, with ongoing losses and negative cash flows weighing on near-term performance. However, a strong equity position and encouraging exploration results provide potential upside. Technical indicators currently point to neutral momentum, while valuation remains under pressure due to the absence of earnings.
More about Tertiary Minerals
Tertiary Minerals plc is an AIM-listed exploration and development company with a strategic emphasis on energy transition metals. The company is focused on the discovery and advancement of copper and precious metal resources, with core operations in Zambia and Nevada, USA.
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