Welcome to our dedicated page for Empire Metals news (Ticker: EPMLF), a resource for investors and traders seeking the latest updates and insights on Empire Metals stock.
Empire Metals Limited reports developments as an AIM-quoted and OTCQX-traded resource exploration and development company focused on titanium. Company news centers on the Pitfield Titanium Project, including mineral resource work, metallurgical testing, engineering and economic studies, and product-quality updates for titanium dioxide feedstock.
Recurring announcements also cover capital raisings, share issuances, employee benefit trust and option matters, operating and financial results, portfolio actions involving non-core assets, and market-access items such as DTC eligibility for U.S. electronic clearing and settlement.
Empire Metals (OTCQX:EPMLF, LON:EEE) has raised £8 million via a subscription of 26,666,667 new shares at 30p to existing institutional shareholders.
Pro-forma cash is expected to be about £14.5 million, funding Pitfield development studies, product testwork, marketing and ASX dual-listing costs.
Empire Metals (OTCQX:EPMLF / LON:EEE) has allotted 20,000,000 new ordinary shares to an Employee Benefit Trust and extended certain share options for Managing Director Shaun Bunn to 31 Jan 2028. The EBT shares equal ~2.73% of enlarged share capital of 730,893,221 shares and were issued at nil consideration to support a forthcoming LTIP.
The trustee will hold the shares until awards vest; no awards have yet been made. The options extension was reviewed by independent directors and nominated adviser SP Angel.
Empire Metals (OTCQX:EPMLF) has agreed a one‑month extension to 30 April 2026 for the sale of its 75% interest in the Eclipse Mining Licence to allow the purchaser extra time for due diligence after delayed assay results.
The purchaser drilled 10 RC holes (514 metres). A non‑refundable deposit of A$50,000 has been received and a balance of A$700,000 is due on settlement, subject to satisfactory due diligence. The sale supports Empire's strategy to divest non‑core assets and focus capital on the Pitfield Titanium Project.
Empire Metals (OTCQX:EPMLF) reported final results for year ended 31 December 2025, highlighting a maiden JORC Mineral Resource Estimate of 2.2 billion tonnes at 5.1% TiO₂ (≈113 million tonnes contained TiO₂), a produced high‑purity TiO₂ grade of 99.25%, and two successful fundraises totalling £11.5m. The company noted a cash balance of £8.4m as at 20 March 2026, inclusion in the FTSE AIM 100 effective 22 September 2025, and an Exploration Discovery of the Year award for Pitfield.
Empire Metals (OTCQX:EPMLF) reported diamond drilling results from the Pitfield Project Thomas Prospect dated 17 March 2026, confirming a high-grade central zone within an in-situ weathered cap.
Highlights include multiple near-surface high-grade TiO2 intercepts (best: 9.25m @ 10.13% TiO2 and 7.7m @ 9.88% TiO2), long weathered-zone intercepts up to 61.3m @ 6.64% TiO2, and excellent core recovery (>97%). A fully funded follow-up drilling programme (41,250m planned) targets an updated MRE in Q3 2026.
Empire Metals (OTCQX:EPMLF / AIM:EEE) is participating in the 2026 Western Australia Critical Minerals Delegation to North America, joining Australia-based critical minerals and rare earth companies for investor and industry meetings in Toronto, New York City and Washington DC.
The company will present at "Australia Day" during PDAC and published an updated corporate presentation available on its website.
Empire Metals (OTCQX:EPMLF) announced on February 26, 2026 that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company (DTC).
DTC eligibility is expected to streamline US trading, broaden broker access to EPMLF shares and potentially enhance liquidity and settlement efficiency for US investors.
Empire Metals (OTCQX:EPMLF / LON:EEE) has started a fully funded, 754-hole drilling campaign at the Pitfield Project, Western Australia, totalling 41,250 metres (34,150m AC, 7,100m RC) using up to five rigs.
The programme aims to expand and upgrade the Thomas and Cosgrove MREs, with an updated MRE expected in Q3 2026. Current MRE: 2.2 billion tonnes @ 5.1% TiO2 (113 million tonnes contained TiO2); Cosgrove: 430Mt @ 5.8% TiO2.
Empire Metals (OTCQX:EPMLF) provided a Pitfield titanium project update on 27 January 2026 outlining metallurgical, engineering and environmental progress toward a Scoping Study later in 2026. Key technical results include whole-of-ore flotation producing concentrates >34% TiO2 with overall float recoveries circa 70%, and an industry-route acid bake-water leach achieving 98% titanium extraction. Atmospheric sulphuric acid leaching at ~120°C has shown promising lower-energy results but recoveries require further optimisation. Non-binding port cooperation and advancing baseline environmental studies support permitting and logistics planning.
Empire Metals (OTCQX:EPMLF / AIM:EEE) has signed a conditional sale and purchase agreement to sell its 75% interest in the Eclipse Mining Lease (M27/153), a non-core gold asset near Kalgoorlie, Western Australia.
Key commercial terms include total consideration of A$750,000 (A$50,000 non-refundable deposit payable within five days and A$700,000 on completion), a three-month exclusivity and due diligence period, and a purchaser-funded small RC drilling programme during due diligence. Settlement is expected in early April, subject to successful due diligence. Empire says the transaction will help refocus capital and management on the Pitfield Titanium Project.