Our Vision

Our Vision

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Aim

The Company's aim is to become a reliable long-term and competitive supplier of high quality fluorspar to world markets.

Strategy

The strategy is to acquire and develop large fluorspar deposits located to established infrastructure and key markets in stable, democratic and mining friendly jurisdictions and to be revenue generating in the near term.

Principal Activites

The principal activities of the Group are the identification, acquisition, exploration and development of mineral projects with primary focus on fluorspar, the main raw material source of fluorine for the chemical, steel and aluminium industries.

Business Model

For exploration projects, the Group prefers to acquire 100% ownership of mineral assets at minimal expense. This usually involves applying for exploration licences from the relevant authority, as was the case for the Storuman and Lassedalen projects. In other cases, rights are negotiated with existing project owners for initially low periodic payments that rise over time as confidence in the project value increases and this was the case for the MB Project. For acquisition targets with the potential to generate revenue in the near-term, the Group is considering a range of terms on a case-by-case basis.

The Group currently operates with a low-cost base to maximise the funds that can be spent on exploration and development – value adding activities. The Company has five full time employees including the Managing Director who work with and oversee carefully selected and experienced consultants and contractors.

Administration costs are reduced via an arrangement governed by a Management Services Agreement with Sunrise Resources plc, where Tertiary is a substantial shareholder (as defined under the AIM Rules), and whereby Sunrise Resources pays a portion of Tertiary’s office costs.

The Company’s activities are financed by periodic capital raisings, through private share placements. Access to capital through this method continues to be challenging and this is a limiting factor to the speed at which the Company can progress the development of its projects. When projects become more advanced, or as acquisition opportunities advance, the Board will seek to secure additional funding from a range of various sources, for example debt funding, pre-financing through off-take agreements and joint venture partnerships.