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Tertiary Minerals
(LSE:TYM)
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Rating:44Neutral
Price Target:
0.06 p
▼(-10.00% Downside)
Action:Reiterated
Date:10/01/26
The score is primarily weighed down by persistent operating losses and ongoing cash burn, which outweigh the benefit of a debt-free balance sheet. Technical indicators point to a generally weak trend with only modest signs of stabilization, and valuation metrics provide little support given the negative P/E and no dividend yield.
Positive Factors
Debt-Free Balance Sheet
The absence of debt reduces interest obligations and refinancing exposure, giving Tertiary Minerals greater flexibility while it advances exploration projects. This conservative capital structure can help preserve funds for geological work and limit the impact of financial stress during periods without operating profitability.
Negative Factors
Persistent Operating Losses
Losses across five consecutive years show that the company has not yet established sustainable operating profitability. Persistent negative EBIT and net income limit internally generated funding, weaken returns on capital, and make future progress dependent on successful project development or additional financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
The absence of debt reduces interest obligations and refinancing exposure, giving Tertiary Minerals greater flexibility while it advances exploration projects. This conservative capital structure can help preserve funds for geological work and limit the impact of financial stress during periods without operating profitability.
Read all positive factors
Tertiary Minerals (TYM) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£4.47M
Dividend YieldN/A
Average Volume (3M)48.21M
Price to Earnings (P/E)―
Beta (1Y)1.44
Revenue Growth-11.10%
EPS Growth50.00%
CountryUK
Employees4
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding7,154,356,000
10 Day Avg. Volume46,053,425
30 Day Avg. Volume48,206,682
Financial Highlights & Ratios
PEG Ratio0.08
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
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
Publicly available, company-specific details on Tertiary Minerals’ recurring revenue streams are not available in the information provided here, and the company is generally understood to be an exploration-stage business rather than an operating m...
Tertiary Minerals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 165.45K | 200.57K | 162.66K | 181.43K | 171.05K | 165.06K |
| Gross Profit | 162.52K | 197.76K | 160.36K | 179.64K | 171.05K | 165.06K |
| EBITDA | -636.61K | -581.36K | -548.85K | -429.17K | -474.81K | -392.15K |
| Net Income | -663.70K | -583.92K | -550.93K | -541.34K | -1.18M | -406.96K |
Balance Sheet | ||||||
| Total Assets | 1.76M | 1.54M | 1.73M | 876.43K | 901.54K | 1.36M |
| Cash, Cash Equivalents and Short-Term Investments | 77.73K | 70.80K | 775.75K | 121.81K | 59.41K | 472.73K |
| Total Debt | 471.57K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 591.87K | 189.60K | 149.49K | 81.33K | 96.09K | 92.84K |
| Stockholders Equity | 1.17M | 1.35M | 1.58M | 795.10K | 805.45K | 1.27M |
Cash Flow | ||||||
| Free Cash Flow | -678.93K | -566.95K | -714.35K | -660.28K | -1.04M | -593.11K |
| Operating Cash Flow | -677.58K | -565.96K | -427.13K | -419.52K | -474.39K | -355.79K |
| Investing Cash Flow | -269.56K | -500.48K | -287.00K | -82.84K | -561.40K | -237.28K |
| Financing Cash Flow | 927.18K | 385.18K | 1.33M | 542.00K | 570.00K | 441.25K |
Tertiary Minerals Technical Analysis
Negative
0.07
Price Trends
0.07
Negative
0.06
Negative
0.07
Negative
Market Momentum
>-0.01
Positive
34.26
Neutral
34.44
Neutral
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 0.07 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.07, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.26 is Neutral, neither overbought nor oversold. The STOCH value of 34.44 is Neutral, 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% | |
48 Neutral | £9.12M | -2.83 | -19.28% | ― | ― | ― | |
46 Neutral | £1.67M | -3.20 | -19.42% | ― | -100.00% | ― | |
46 Neutral | £5.67M | -3.93 | -17.27% | ― | ― | 84.44% | |
44 Neutral | £4.47M | -6.25 | -52.62% | ― | -11.10% | 50.00% |
* Basic Materials Sector Average
GB:TYM
Tertiary Minerals
0.06
>-0.01
-11.43%
GB:SRES
Sunrise Resources
0.01
-0.02
-53.33%
GB:THR
Thor Mining
0.55
-0.25
-31.25%
GB:BHL
Bradda Head Lithium Limited
1.60
0.25
18.52%
Tertiary Minerals Corporate Events
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Tertiary Minerals Raises £1m to Drive Zambian Silver-Copper Exploration
Positive
Sep 30, 2026
Tertiary Minerals has conditionally raised £1 million through a placing of about 1.67 billion new shares at 0.06 pence each with institutional and high-net-worth investors, arranged by joint broker SP Angel. The placing coincides with the res...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Tertiary Minerals Halts Trading as It Launches Fundraise for Zambian Flagship
Positive
Sep 21, 2026
Tertiary Minerals plans to raise new equity capital through an issue of ordinary shares to fund further work at its flagship Mushima North copper project in Zambia, following encouraging Phase 4 drilling results, and to support general working cap...
Business Operations and Strategy
Tertiary Minerals Extends High-Grade Silver-Copper-Zinc Zone at Zambia’s Mushima North
Positive
Sep 18, 2026
Tertiary Minerals has outlined a higher-grade, shallow mineralised zone at the Discovery Zone on Target A1 within its Mushima North Project in Zambia, defining a footprint roughly 400 metres by 150 metres with notable silver-copper-zinc intersecti...
Business Operations and Strategy
Tertiary Minerals Hits Record Silver-Copper Grades at Zambia’s Mushima North Discovery Zone
Positive
Sep 17, 2026
Tertiary Minerals plc has reported its highest-grade silver-copper intersection to date from Phase 4 drilling at the Discovery Zone in the Mushima North Project in Zambia, with one hole returning 82m at 107 g/t silver equivalent from near-surface ...
Business Operations and Strategy
Tertiary Minerals Hits Record Silver-Copper Intersection at Zambia’s Mushima North
Positive
Sep 15, 2026
Tertiary Minerals has reported its best silver-copper intersection to date at the Discovery Zone in the Mushima North Project in Zambia, with 121m grading 78 g/t silver equivalent from 4m depth and ending in mineralisation. All 13 newly reported r...
Business Operations and StrategyRegulatory Filings and Compliance
Tertiary Minerals sees renewed interest as Sweden prioritises critical mineral projects
Neutral
Sep 14, 2026
Tertiary Minerals has highlighted renewed interest in its Storuman Fluorspar Project after Sweden adopted a new mineral strategy that designates critical minerals, including fluorspar, as being of national security importance. Storuman, regarded a...
Business Operations and Strategy
Tertiary Minerals Extends Silver-Copper Mineralisation at Mushima North Discovery Zone
Positive
Sep 7, 2026
Tertiary Minerals has reported new analytical results from seven Phase 4 infill drill holes at the Discovery Zone in its Mushima North Project, all intersecting near-surface silver-copper-zinc mineralisation and extending the known mineralisation ...
Business Operations and Strategy
Tertiary Minerals’ Mushima North drilling confirms thick near-surface silver-copper-zinc zone
Positive
Sep 1, 2026
Tertiary Minerals has reported initial certified laboratory results from five reverse circulation drill holes in its Phase 4 programme at the Discovery Zone, Target A1, within the Mushima North Project in Zambia. The results confirm thick, near-su...
Business Operations and Strategy
Tertiary Minerals Confirms High-Grade Discovery Zone at Mushima North in Zambia
Positive
Aug 24, 2026
Tertiary Minerals has reported final portable X-ray fluorescence drill results from Phase 4 drilling at the A1 target within its Mushima North Project in Zambia. The data confirm a near-surface silver-copper-zinc oxide exploration target of 15R...
Business Operations and Strategy
Tertiary Minerals Uncovers New Shallow Copper Zone at Mushima North
Positive
Aug 17, 2026
Tertiary Minerals has identified a new shallow copper-mineralised Western Zone at Target A1 on its Mushima North project in Zambia, with pXRF scout drilling returning intersections such as 25m at 0.38% copper from 19m, including 13m at 0.53% from ...
Business Operations and Strategy
Tertiary Minerals Advances Mushima North with Completion of Phase 4 Drilling
Positive
Aug 10, 2026
Tertiary Minerals has completed its Phase 4 reverse circulation drill programme at the A1 target within the Mushima North Project in Zambia, drilling 3,639 metres across 39 holes. Preliminary portable XRF results indicate that drilling continues t...
Regulatory Filings and Compliance
Tertiary Minerals Updates Total Voting Rights and Share Capital
Neutral
Jul 31, 2026
Tertiary Minerals plc has confirmed that, as of 31 July 2026, it has 7,154,355,727 ordinary shares of 0.01 pence each in issue, with none held in treasury, giving the company the same total number of voting rights. This clarification provides the ...
Business Operations and StrategyExecutive/Board Changes
Tertiary Minerals strengthens board with new non-executive director
Positive
Jul 27, 2026
Tertiary Minerals plc has appointed finance executive Lorenz Werndle as an independent non-executive director, replacing long-serving board member Donald McAlister, who is stepping down after more than 25 years due to other work commitments. Wernd...
Business Operations and Strategy
Tertiary Minerals Sees Higher-Grade Copper Continuity at Mushima North
Positive
Jul 21, 2026
Tertiary Minerals plc is an AIM-quoted mineral exploration company concentrating on copper and associated metals in Zambia’s Iron-Oxide-Copper-Gold region. Its Mushima North Project’s Target A1 hosts a sizeable near-surface silver-copp...
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.