Tertiary Minerals plc has raised £985,000 through a placing of 1.97 billion new ordinary shares of 0.01 pence each in the company, at 0.05p per share. TVRs The placing shares will be issued under the company’s existing share issue authorities. Institutional investors and high net worth individuals participated in the placing, which is at a […]
Tag: Tertiary Minerals plc
Tertiary awards 47m warrants
Tertiary Minerals plc has granted a total of 47 million five-year warrants, exercisable at 0.085 pence per new ordinary share, to its directors and employees as part of their remuneration. ZAMBIA The warrants represent 0.91% of the company’s existing issued share capital and allow the recipients to subscribe for new ordinary shares of 0.01 pence […]
Tertiary reports JORC target at Mushima North
Tertiary Minerals plc reported a JORC (2012) exploration target, at an average grade of 40 to 60 grammes per tonne silver equivalent, within the Target A1 prospect at Mushima North in Zambia. MINERALISATION The project is located in the prospective iron-oxide-copper-gold region of the country, with the silver-copper-zinc prospect being one of “several” targets. The […]
Tertiary founder becomes non-executive chairman
Tertiary Minerals plc founder and executive chairman Patrick Cheetham will become non-executive chairman, with effect from 1 January 2026. EXPANSION The company said that the change was part of its “ongoing development” following the appointment of Dr Richard Belcher as managing director in March 2025. “Richard’s appointment as managing director earlier this year is part […]
Tertiary to produce Mushima North exploration target
Tertiary Minerals plc has started to produce a JORC-compliant exploration target for Target A1 prospect at the Mushima North silver-copper-zinc project in Zambia. MRE Bara Consulting Ltd has been engaged for the work, expected to complete during the first quarter of 2026, following silver analysis results from recent drilling. Additional mineralogical study results are also […]
Tertiary directors buy total 28.6m shares
Tertiary Minerals plc directors have bought, in aggregate, 28,590,962 ordinary shares of 0.01 pence each in the company. HOLDINGS Managing director Richard Belcher purchased 9,433,962 shares, taking his shareholding to 43,640,657, equal to 0.85% of the company’s issued share capital. Executive chairman Patrick Cheetham bought 19,157,000 shares and, together with 2,843,625 held by K E […]