Business
Board Change
Tertiary Minerals plc announced a board change effective January 1, 2026, with founder and Executive Chairman Patrick Cheetham transitioning to Non-Executive Chairman. This move follows the appointment of Dr. Richard Belcher as Managing Director in March 2025 and is part of the company's ongoing development and strategy to focus on precious and energy transitional metals in Zambia, Nevada, and Sweden. The company remains committed to advancing its exploration portfolio, including its recent silver-copper-zinc discovery in Zambia. Disclaimer*
About this update from Tertiary Minerals Plc
[{"type":"text","content":"\n\n 17 December 2025\nTertiary Minerals plc\n (\"Tertiary\" or the \"Company\")\nBoard Change\nTertiary Minerals plc (AIM: TYM) announces that Patrick Cheetham, founder and Executive Chairman, will assume the position of Non-Executive Chairman of the Company with effect from 1 January 2026.\nPatrick founded Tertiary, listed the company on AIM in 1999 and has led the Company throughout its 26-years, through several commodity cycles and mineral discoveries, to its present focus on precious and energy transitional metals in Zambia, Nevada (USA) and Sweden.\nThe change is part of the Company's ongoing development following the appointment of Dr Richard Belcher as Managing Director in March 2025. The Company remains committed to exploration excellence and advancement across its exploration portfolio, including its recent silver-copper-zinc discovery in Zambia.\n \nRichard Belcher, Managing Director of Tertiary Minerals plc, commented:\n\"Patrick founded the company back in 1999 and has led the company since then, initially as an industrial/critical minerals explorer in Europe, through its expansion into precious metals in the USA and, more recently, the expansion into Zambia. We are thankful to Patrick for his role in founding the Company and leading it for many years, and we are pleased that he will continue to contribute to the Company as Non-Executive Chairman as the Company continues to advance its portfolio of exciting projects.\"\nPatrick Cheetham, Executive Chairman of Tertiary Minerals plc, commented:\n\"Richard's appointment as Managing Director earlier this year is part of a broader plan to refresh the Company's management team and it is an opportune time for me to make this change. I am confident that the Company is in good hands with a strong portfolio of mineral projects and a clear strategy for growth. It has been a privilege to serve the Company in an executive capacity and I look forward to continuing to Chair the Board going forward.\"\n \nFurther Information:\n\n\n\n\nTertiary Minerals plc\n\n\n\n\nRichard Belcher, Managing Director\n\n\n+44 (0) 1625 838 679 \n\n\n\n\nSP Angel Corporate Finance LLP, Nominated Adviser and Broker\n\n\n\n\nRichard Morrison/Jen Clarke\n\n\n+44 (0) 203 470 0470\n\n\n\n\nAlbR Cap...