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Tertiary Minerals #TYM – Formation of Zambian Subsidiary
Formation of Zambian Subsidiary – Luangwa Minerals Limited
Tertiary Minerals plc is pleased to announce that the Company is forming a Zambian subsidiary, Luangwa Minerals Limited (“Luangwa”), targeting copper exploration and development opportunities in Zambia.
The Company has retained geologist Marcel Nally who, it is expected, will be appointed Luangwa’s exploration manager in due course. Mr. Nally was previously a director of private Zambian copper producer, Moxico Resources plc, and was responsible for the identification and acquisition of its principal mining projects. The Company has also retained Mr. Shangwa Chime as Luangwa’s Government Liaison Officer.
Tertiary will hold 96% of Luangwa, with 3% being held by Mr. Nally and 1% held by Mr. Chime.
Commenting today, Executive Chairman Patrick Cheetham said:
“Given that the Board has many years of experience with Zambian mining projects, we are excited to take this next step in the development of Tertiary’s mineral business. Copper is increasingly a focus for the Company and with Zambia one of the world’s top 10 copper producing countries, producing nearly 900,000 tonnes of copper in 2020, we expect Luangwa to be a valuable addition to the Tertiary asset portfolio.”
For more information please contact:
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Tertiary Minerals plc: |
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Patrick Cheetham, Executive Chairman |
+44 (0) 1625 838 679 |
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SP Angel Corporate Finance LLP – Nominated Adviser and Broker |
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Richard Morrison |
+44 (0) 203 470 0470 |
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Caroline Rowe |
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Peterhouse Capital Limited – Joint Broker |
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Lucy Williams |
+ 44 (0) 207 469 0930 |
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Duncan Vasey |
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Tertiary Minerals #TYM – Result of AGM
Tertiary Minerals plc, the AIM traded company building a multi-commodity project portfolio , held its Annual General Meeting (“AGM”) today and is pleased to announce that all resolutions were duly passed.
The following proxy votes were received in respect of the resolutions.
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1. Ordinary Resolution: To receive the Accounts and Reports of the Directors and of the Auditors |
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Votes For |
% of votes cast |
Against |
% of votes cast |
At holders’ discretion |
% of votes cast |
No. Withheld |
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18,630,020 |
99.59 |
75,000 |
0.40 |
1 |
0.01 |
646,178 |
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2. Ordinary Resolution: To re-elect Mr D A R McAlister as a director |
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Votes For |
% of votes cast |
Against |
% of votes cast |
At holders’ discretion |
% of votes cast |
No. Withheld |
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18,630,020 |
99.59 |
75,000 |
0.40 |
1 |
0.01 |
646,178 |
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3. Ordinary Resolution: To reappoint Crowe U.K. LLP as Auditor of the Company |
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Votes For |
% of votes cast |
Against |
% of votes cast |
At holders’ discretion |
% of votes cast |
No. Withheld |
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14,467,838 |
99.18 |
117,899 |
0.81 |
1 |
0.01 |
4,765,461 |
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4. Ordinary Resolution: To authorise the directors to allot shares |
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Votes For |
% of votes cast |
Against |
% of votes cast |
At holders’ discretion |
% of votes cast |
No. Withheld |
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19,186,095 |
99.45 |
105,000 |
0.54 |
1 |
0.01 |
60,103 |
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5. Special Resolution: To approve dis-application of pre-emption rights |
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Votes For |
% of votes cast |
Against |
% of votes cast |
At holders’ discretion |
% of votes cast |
No. Withheld |
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19,216,095 |
99.60 |
75,000 |
0.39 |
1 |
0.01 |
60,103 |
Further information:
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Enquiries
Tertiary Minerals plc Patrick Cheetham, Executive Chairman Richard Clemmey, Managing Director
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+44 (0)1625 838 679 |
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SP Angel Corporate Finance LLP Nominated Adviser & Broker Richard Morrison/Caroline Rowe
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+44 (0)203 470 0470 |
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Peterhouse Capital Limited Joint Broker Lucy Williams/Duncan Vasey |
+44 (0)207 469 0930 |
Notes to Editors
Tertiary Minerals plc (ticker symbol ‘TYM’) is an AIM-traded mineral exploration company building and developing a multi-commodity project portfolio – Industrial minerals, base and precious metals.
Tertiary Minerals plc (TYM) Result of AGM
Tertiary Minerals plc, the AIM traded company building a strategic position in the fluorspar sector, held its Annual General Meeting (“AGM”) today and is pleased to announce that all resolutions were duly passed.
The following proxy votes were received in respect of the resolutions.
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1. Ordinary Resolution: To receive the Accounts and Reports of the Directors and of the Auditors |
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Votes For |
% of votes cast |
Against |
% of votes cast |
At holders’ discretion |
% of votes cast |
No. Withheld |
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15,611,285 |
88.64 |
0 |
0.00 |
2,000,000 |
11.36 |
696,178 |
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2. Ordinary Resolution: To re-elect Mr P L Cheetham as a director |
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Votes For |
% of votes cast |
Against |
% of votes cast |
At holders’ discretion |
% of votes cast |
No. Withheld |
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16,247,063 |
88.75 |
60,000 |
0.33 |
2,000,000 |
10.92 |
400 |
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3. Ordinary Resolution: To re-elect Mr R H Clemmey as a director |
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Votes For |
% of votes cast |
Against |
% of votes cast |
At holders’ discretion |
% of votes cast |
No. Withheld |
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16,247,063 |
88.75 |
60,000 |
0.33 |
2,000,000 |
10.92 |
400 |
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4. Ordinary Resolution: To re-elect Mr D A R McAlister as a director |
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Votes For |
% of votes cast |
Against |
% of votes cast |
At holders’ discretion |
% of votes cast |
No. Withheld |
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16,247,063 |
88.75 |
60,000 |
0.33 |
2,000,000 |
10.92 |
400 |
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5. Ordinary Resolution: To reappoint Crowe U.K. LLP as Auditor of the Company |
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Votes For |
% of votes cast |
Against |
% of votes cast |
At holders’ discretion |
% of votes cast |
No. Withheld |
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14,771,131 |
87.76 |
60,000 |
0.36 |
2,000,000 |
11.88 |
1,476,332 |
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6. Ordinary Resolution: To authorise the directors to allot shares |
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Votes For |
% of votes cast |
Against |
% of votes cast |
At holders’ discretion |
% of votes cast |
No. Withheld |
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15,287,925 |
87.23 |
239,245 |
1.36 |
2,000,000 |
11.41 |
780,293 |
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7. Special Resolution: To approve dis-application of pre-emption rights |
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Votes For |
% of votes cast |
Against |
% of votes cast |
At holders’ discretion |
% of votes cast |
No. Withheld |
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14,744,785 |
81.01 |
1,456,071 |
8.00 |
2,000,000 |
10.99 |
106,607 |
Further information:
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Enquiries
Tertiary Minerals plc Patrick Cheetham, Executive Chairman Richard Clemmey, Managing Director
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+44 (0)1625 838 679 |
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SP Angel Corporate Finance LLP Nominated Adviser & Broker Lindsay Mair/Caroline Rowe
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+44 (0)203 470 0470 |
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).
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