Proactive Investors
08 Jun 2026, 06:46 UTC · 6h ago
Tertiary Minerals readies new Zambia drill programme
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Proactive Investors
08 Jun 2026, 06:46 UTC · 6h ago
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Story key points
3 claims · impact-rated
Rainbow Rare Earths has raised £11.1 million and secured Traxys as a strategic partner, linking the company to the US government's critical minerals stockpile programme. — Strategic alignment with a US government stockpile program and a major partner like Traxys significantly derisks the company's off-take and funding profile.
+0.80Tertiary Minerals is launching its largest Zambia drilling programme to date, targeting 4,000 metres to establish a maiden JORC Mineral Resource Estimate by year-end. — The transition from an exploration target to a formal resource estimate is a primary value-inflection point for junior explorers.
+0.60Tertiary Minerals has confirmed it has sufficient funds from a recent fundraise to complete its current drilling requirements. — Removing immediate liquidity risk allows investors to focus on drilling results rather than potential dilution.
+0.40Ticker attribution
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Model heads
The company successfully raised £11.1 million and secured a strategic partnership with Traxys linked to the US government's stockpile programme.
The company is launching its largest drilling programme to date with sufficient funds to support a maiden JORC Resource Estimate.
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