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Tertiary Minerals to look beyond fluorspar

Tertiary will look for projects that will generate revenue and profits earlier than its current portfolio

picture of fluorspar crystals
Fluorspar market has remained under pressure

Fluorspar specialist Tertiary Minerals plc (LON:TYM) is to look for opportunities in other areas due to the delays in getting its existing projects into production.

It most advanced project is at Storuman in Sweden, but this has been affected by changes to the country's permitting laws while the market for the industrial chemical generally has remained subdued.

 As a result, Tertiary will look for projects that will generate revenue and profits earlier than its current portfolio and has a number of these under evaluation.

Richard Clemmey, managing director,  said:  "We are pleased to have started the evaluation process on a number of acquisition opportunities with the potential to transform the company into being one with sustainable revenues in the near term and which will complement our fluorspar assets currently in development."

Quick facts: Tertiary Minerals PLC

Price: 0.255 GBX

AIM:TYM
Market: AIM
Market Cap: £2.02 m
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