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Tertiary Minerals raises £1m to fund deeper drilling at Mushima North silver-copper project in Zambia

Company Fundamentals
30 Sep 2026
Proactive Investors
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Bullish
Tertiary Minerals raises £1m to fund deeper drilling at Mushima North silver-copper project in Zambia

Tertiary Minerals PLC has secured £1 million through a share placement to advance deeper drilling and technical work at its Mushima North silver-copper project in Zambia. The funds will support testing mineralisation below the oxide zone, along with critical-mineral assays, metallurgical tests, and environmental surveys. The placing involves issuing 1.67 billion new shares at a 14% discount and awaits shareholder approval expected by late October. Trading of existing shares has resumed following a temporary suspension for the Capital Access Window.

Tertiary Minerals raised £1 million to advance deep drilling at its Mushima North project. For readers following the Basic Materials sector, here is Pluang's market snapshot as of Sep 30, 2026 13:11 WIB: out of 38 priced US stocks, 24 rose and 14 fell. Notable movers include Standard Lithium Ltd (USD 1.81, -1.09%), Avient Corporation (USD 40.75, -1.07%), and Vale SA (USD 13.44, +1.05%) with a typical hold time of 108 days and Pluang order activity showing 31% sell and 69% buy.

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