Tertiary Minerals Share News (TYM)

Tertiary Minerals Information

Buy TYM Shares
Add TYM to Watchlist
Add TYM to Alert

Share Price Information for Tertiary Minerals (TYM)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 0.12

Bid: 0.11

Ask: 0.13

Change: -0.005 (-4.00%)

Spread: 0.02 (18.182%)

Open: 0.125

High: 0.125

Low: 0.12

Prev. Close: 0.125

Last checked at -

Tertiary Minerals offloads non-core gold assets in Finland

Mon, 05th Dec 2016 10:10

(ShareCast News) - Tertiary Minerals announced the sale of its non-core gold assets, Kaaresselkä and Kiekerömaa in Finland on Monday, to TSX-V listed Aurion Resources.The AIM-traded company said Aurion is a Canadian listed precious metals exploration company primarily focusing on the development of its Finnish gold projects, several of which are under a joint venture with B2Gold, a main listed gold producer and developer.It confirmed £100,000 initial consideration is to be paid by Aurion, with £15,000 in cash and £85,000 in Aurion shares.Tertiary said it will retain royalty interest in the projects, with a pre-production royalty of $1 per ounce of gold following the definition of a NI 43-101 or equivalent code compliant inferred mineral resource estimate on either project.Another pre-production Royalty of $2 per ounce of gold would be paid following the definition of a NI 43-101 or equivalent code compliant indicated mineral resource estimate on either project, and a pre-production royalty of $3 per ounce of gold following the definition of a NI 43-101 or equivalent code compliant measured mineral resource estimate on either project.On top of that, a net smelter returns royalty of 2% on all future gold production from either property would also be paid.Aurion also has the rights to purchase 50% of the NSR from Tertiary for $1m at any time prior to commencement of commercial production on either project.Tertiary said the sale is conditional upon the successful transfer of the exploration licences for each project from Tertiary to Aurion - to be handled by the mining division of the Finnish Safety and Chemical Agency - and exchange approval by the TSX-V."We are delighted to have sold our two legacy gold projects to an accomplished gold explorer," said Tertiary managing director Richard Clemmey."We wish Aurion every success with the development of the projects and look forward to potentially sharing the future upside through our retained royalty interest."

More News

30 May 2019 13:59

Tertiary Minerals Interim Loss Widens On Higher Exploration Costs

LONDON (Alliance News) - Tertiary Minerals PLC on Thursday reported a widening in its loss for the first half of its financial year as exploration costs jumped.Tertiary Minerals shares on a

28 May 2019 15:56

Tertiary Minerals invests in promising Pyramid Mining District of Nevada

(Sharecast News) - Tertiary Minerals has secured exploration rights and an option to purchase a group of claims in the Pyramid Mining District of Nevada, it announced on Tuesday.

28 May 2019 10:40

WINNERS & LOSERS SUMMARY: NMC Health Rises After Upgrading Guidance

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------NMC up

28 May 2019 10:06

Tertiary Minerals Snaps Up Mining Lease On Nevada Gold Belt

LONDON (Alliance News) - Tertiary Minerals PLC has secured a long-term lease over nine claims on a "productive" gold belt in the US state of Nevada, the company said Tuesday.The a

21 Feb 2019 15:42

Tertiary Minerals stakes claim at Paymaster, makes progress at MB

(Sharecast News) - Tertiary Minerals has staked claim to the Paymaster zinc-copper-silver-cobalt-tellurium prospect in Nevada on Thursday.

21 Feb 2019 10:23

Tertiary Minerals Stakes Claim To Paymaster Prospect In US

LONDON (Alliance News) - Tertiary Minerals PLC on Thursday said it has staked claim to the Paymaster polymetallic prospect in the US state of Nevada.Tertiary Minerals said that grab samples

14 Feb 2019 16:04

UK Shareholder Meetings Calendar - Next 7 Days

Friday 15 Februaryno events scheduledMonday 18 Februaryno events 19 & Bonar (re 20

25 Jan 2019 15:13

Tertiary Minerals raises £0.25m through placing

(Sharecast News) - Fluorspar-focussed Tertiary Minerals has raised £0.25m before expenses by way of a placing of 83,333,333 new ordinary shares at 0.3p per share, it announced on Friday.

25 Jan 2019 10:43

Tertiary Minerals Raises GBP250,000 To Further Fluorspar Projects (ALLISS)

LONDON (Alliance News) - Tertiary Minerals PLC said Friday that it has raised GBP250,000 in gross proceeds via a share placing for developing its mineral projects.The fluorspar exploration

12 Dec 2018 12:34

Tertiary Minerals Annual Loss Widens On Exploration Impairments

LONDON (Alliance News) - Tertiary Minerals PLC on Wednesday reported a widened annual loss due to an impairment of deferred exploration costs at its Swedish Storuman fluorspar project.In to

22 May 2018 13:50

Tertiary Minerals Loss Narrows, Evaluates Potential Acquisition

LONDON (Alliance News) - Tertiary Minerals PLC on Tuesday reported a narrowed loss for the first half of 2018 financial year due to absence of impairment charges and gains on disposal of the half

1 Feb 2017 17:11

Sunrise Resources Issues Shares To Tertiary Minerals For Fee Payment (ALLISS)

12 Jan 2017 09:28

Tertiary Minerals Eyes Acquisitions After Delays At Swedish Project

12 Jan 2017 09:02

Tertiary Minerals trips after delaying Swedish fluorspar project

(ShareCast News) - Shares in Tertiary Minerals fell as the explorer said there had been development delays to its most advanced fluorspar project in Sweden. The company, which is aims to develop 100% owned fluorspar projects from discovery towards commercial production, said that the Storuman projec

15 Dec 2016 12:39

Tertiary Minerals welcomes Swedish government decision

(ShareCast News) - Fluorspar developer Tertiary Minerals updated the market on Thursday, on the progress of the mine permit appeal process for its Storuman fluorspar project in Sweden. The AIM-traded company said, subsequent to the update it provided on 13 December in the annual report, it has now b

Latest Share Chat

Tertiary Minerals Share News (TYM)

Share Price Information for Tertiary Minerals (TYM)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Tertiary Minerals offloads non-core gold assets in Finland

Login to your account

Quickpicks are a member only feature

Login to your account