TIDMTYM

RNS Number : 1989Y

Tertiary Minerals PLC

01 December 2017

1 December 2017

Tertiary Minerals plc ("Tertiary" or "the Company")

Share Price Movement

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 ("MOU") with Possehl Erzkontor GmbH & Co. KG ("Possehl") at 7.00am on 29 November 2017.

The Company would like to emphasise that the agreement of the definitive Offtake Agreement is subject to futher 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.

 
 
   Enquiries 
   Tertiary Minerals plc 
   Richard Clemmey, Managing 
   Director 
   Patrick Cheetham, Executive 
   Chairman                        +44 (0) 1625 838 679 
 SP Angel Corporate Finance 
  LLP 
  Nominated Adviser & Joint 
  Broker 
  Ewan Leggat/Lindsay Mair        +44 (0) 20 3470 0470 
  Beaufort Securities Ltd 
   Joint Broker 
   Elliot Hance                    +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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

December 01, 2017 11:18 ET (16:18 GMT)

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