Tertiary Minerals Plc

Coiled Therapeutics has enrolled its first patients into two new dose groups for a reformulated cancer drug, with the company aiming to dose up to 30 patients by the end of the year. Eco Buildings Group PLC has signed a deal to build at least 10,000 homes in The Gambia, which it calls the most significant international development in its history. Anglo Asian Mining Plc has retained its copper guidance after a record first half, with revenue more than tripling thanks to full production from its Gilar and Demirli mines. Iofina PLC is on track for record iodine volumes this year, with new plants driving expansion and adjusted core earnings more than doubling in the first half. Powerhouse Energy Group PLC expects the second half of 2026 to be its most eventful yet, as two flagship projects edge closer to key investment decisions, while Tertiary Minerals PLC plans to raise fresh equity to accelerate work at its Mushima North project in Zambia following encouraging results from its recent Phase 4 drilling programme, with trading temporarily halted while the fundraising is completed.

Solvonis Therapeutics says new data supports its lead alcohol use disorder programme ahead of a planned Phase 2b trial, with CEO Anthony Tennyson noting the results could streamline development and open access to a market of around 15 million US adults. Tertiary Minerals has started its biggest-ever drilling programme in Zambia, aiming to define a maiden resource while testing for extensions and a potentially deeper sulphide system. CelLBxHealth is reshaping its strategy around cancer diagnostics and new pharma partnerships, with collaborations with AstraZeneca and AdventHealth potentially expanding clinical use of its Parsortix platform. Coinsilium Group says Bitcoin remains just one part of its growth story, as it also targets opportunities in AI, prediction markets and blockchain infrastructure. Eco Buildings Group has begun building its AI-enabled manufacturing platform in Albania, designed to boost efficiency and support global expansion. Frontier IP Group says a €211 million funding boost for portfolio company 2D Photonics marks a major milestone, with CEO Neil Crabb also highlighting progress across its AI, energy and healthcare investments.

Tertiary Minerals has commenced its largest drilling programme in Zambia to date at the Mushima North project, with a 4,000-metre campaign aimed at delineating a formal mineral resource at the Target A1 prospect by year-end. Managing director Richard Belcher said the programme will also test extensions to known mineralisation and nearby targets, with the existing exploration target already standing at up to 58 million ounces of silver equivalent. Belcher highlighted the potential for deeper sulphide mineralisation beneath near-surface oxide copper-silver occurrences, describing it as a possible game changer for the company. He noted that the existing oxide mineralisation is already significant enough to support profitable mining, and pointed to the project's proximity to the historic Kalengwa copper-silver mine as evidence of the district's growing attractiveness as an exploration and mining hub.

Ramsdens Holdings shares surged 28% to 580 pence after it agreed to a recommended cash takeover by US pawnbroking group FirstCash, valuing the company at around £206 million. Shareholders will receive up to 609 pence per share, well above Ramsdens' all-time high. In other small-cap news, IP Group rejected a £616 million takeover approach from its largest shareholder Railpen, which has until 20 July to make a firm bid or walk away. Metals One built a 5.57% stake in Talon Resources as the latter began trading on AIM and switched from a cash shell to a gold explorer focused on Ontario's Eagle Lake project, where historical samples hit 204 grams per tonne of gold. Tertiary Minerals unveiled a new silver-copper exploration target at Mushima North in Zambia estimated at 15 to 30 million tonnes, with drilling returning a 97-metre intersection at 56 grams of silver per tonne.