---
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"
date: 2026-09-21
canonical: "https://www.share-talk.com/tertiary-minerals-plans-equity-raise-to-accelerate-mushima-north/"
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"]
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"
---

# Tertiary Minerals Plans Equity Raise to Accelerate Mushima North

**Published:** September 21, 2026
**Author:** sharetalk
**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)

---

[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.

The 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.

Tertiary has **not yet disclosed the amount it intends to raise, the issue price or the number of new shares** to be issued.

Because 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.

Tertiary 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.

Trading will remain suspended until the company announces the outcome of the fundraising.

For 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.

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**Original URL:** https://www.share-talk.com/tertiary-minerals-plans-equity-raise-to-accelerate-mushima-north/
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