{"id":140851,"title":"Tertiary Minerals Plans Equity Raise to Accelerate Mushima North","publisher":"Share Talk","author":"sharetalk","published":"2026-09-21T14:04:52+00:00","modified":"2026-09-21T14:04:52+00:00","canonical_url":"https://www.share-talk.com/tertiary-minerals-plans-equity-raise-to-accelerate-mushima-north/","markdown_url":"https://www.share-talk.com/tertiary-minerals-plans-equity-raise-to-accelerate-mushima-north.md","json_url":"https://www.share-talk.com/tertiary-minerals-plans-equity-raise-to-accelerate-mushima-north.json","category":"Mining","categories":["Mining"],"tags":["COPPER","Exploration","Gold Project","Jacks","mineral","Mushima North Project","Nevada","Project","Richard Belcher","Share Talk","Tertiary Minerals","TYM","USA","Zambia"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/09/51b0f229-4662-4a4f-9271-cce728ee8a4e.png?fit=1727%2C911&ssl=1","format":"news","language":"en-GB","content":"[Tertiary Minerals PLC (AIM: TYM)](https://www.investegate.co.uk/announcement/rns/tertiary-minerals--tym/proposed-fundraise-and-capital-access-window/9780693) is planning a fresh equity fundraising to accelerate work at its flagship **Mushima North project in Zambia** following encouraging Phase 4 drilling results.\n\nThe placing is being arranged by joint broker **SP Angel Corporate Finance**, with proceeds expected to support further development work at Mushima North and provide additional general working capital.\n\nTertiary has **not yet disclosed the amount it intends to raise, the issue price or the number of new shares** to be issued.\n\nBecause the company does not currently have sufficient shareholder authorities to complete the fundraising, the transaction will require approval at a **general meeting**. A shareholder circular and meeting notice are expected after the fundraising terms have been finalised.\n\nTertiary has also elected to use AIM’s new **Capital Access Window**, with trading in its shares temporarily suspended from **7.30am on Monday** to provide pricing stability while the raise is conducted.\n\nTrading will remain suspended until the company announces the outcome of the fundraising.\n\nFor investors, the key issue will be the **size and pricing of the placing**, as these will determine the extent of dilution. The positive aspect is that fresh capital could allow Tertiary to accelerate drilling and resource-definition work at Mushima North, but the market will be watching closely for the discount applied to any new shares."}