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Tertiary Minerals in constructive dialogue with authorities in Sweden about mine permit

Major stakeholders remain favourably disposed to the development of Storuman

Reindeer grazing is a factor in the consideration of a mine permit for Storuman

Dialogue between Tertiary Minerals plc (LON:TYM) and the relevant authorities in Sweden continues to make constructive progress in regard to the potential development of the Storuman fluorspar project, according to chief executive Richard Clemmey.

“Given that we continue to have support from the majority of key stakeholders, we remain hopeful of a positive resolution to the mine permit re-assessment process in the near future,” he said. 

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Meetings have recently been held between the head of the Swedish Mining Inspectorate, The County Administrative Board of Västerbotten and the Tertiary. These were described as “positive.”

In addition, the requested supplementary reports have now been submitted to the Swedish Mining Inspectorate, along with a legal statement.

The company has undertaken in-depth analysis of reindeer herding practices and patterns in the region, given that grazing occurs in the area of planned mining operations

Wider environmental studies and in-depth analysis have also been undertaken, and this shows that the proposed mining operations at Storuman, with mitigation measures proposed, will have only a minimal impact on reindeer husbandry.

"We are pleased with the positive findings from the in-depth analysis and the high quality of the reports produced,” added Clemmey.

“It is, however, worth noting that the company has no influence on the speed at which the re-assessment of the grant of the mining permit is being processed by the Authorities".


Quick facts: Tertiary Minerals PLC

Price: 0.27 GBX

Market: AIM
Market Cap: £2.25 m

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