Tertiary Minerals plc, the AIM-traded company building a strategic position in the fluorspar sector, notes the recent increase in the Company’s share price and high levels of trading, and confirms that it is not aware of any reason for this movement other than the Company’s announcement of a Memorandum of Understanding with Possehl Erzkontor GmbH & Co. KG at 7.00am on 29 November 2017.
The Company would like to emphasise that the agreement of the definitive Offtake Agreement is subject to further negotiation between the Company and Possehl, and the detailed commercial terms have yet to be agreed. There can be no guarantee that an Offtake Agreement will be entered into.
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Enquiries Tertiary Minerals plc Richard Clemmey, Managing Director Patrick Cheetham, Executive Chairman |
+44 (0) 1625 838 679 |
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SP Angel Corporate Finance LLP Nominated Adviser & Joint Broker Ewan Leggat/Lindsay Mair |
+44 (0) 20 3470 0470 |
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Beaufort Securities Ltd Joint Broker Elliot Hance
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+44 (0)20 7382 8300 |
Notes to Editors
Tertiary Minerals plc (ticker symbol ‘TYM’) is an AIM-traded mineral exploration and development company building a significant strategic position in the fluorspar sector. Fluorspar is an essential raw material in the chemical, steel and aluminium industries. Tertiary controls two significant Scandinavian projects (Storuman in Sweden and Lassedalen in Norway) and a large deposit of strategic significance in Nevada, USA (MB Project).
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement