Empire Metals Limited Announces Exercise of Options
Rhea-AI Summary
Empire Metals Limited (OTCQX:EPMLF) has announced that employees from the company and its operating subsidiary have exercised options for a total of 3,000,000 new ordinary shares. The exercise includes 2,500,000 shares at 14 pence per share and 500,000 shares at 2.5 pence per share, generating an aggregate cash value of £362,500.
The company will apply for admission of these new shares to trading on AIM, with admission expected around September 18, 2025. Following the admission, Empire Metals' total issued share capital will comprise 693,393,221 ordinary shares, representing the total number of voting rights in the company.
Positive
- Company received £362,500 in cash from options exercise
- Employee participation in options exercise demonstrates confidence in company
Negative
- Dilution of existing shareholders due to 3,000,000 new shares being issued
News Market Reaction – EPMLF
On the day this news was published, EPMLF declined 21.34%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
CITY OF LONDON, GB / ACCESS Newswire / September 12, 2025 / Empire Metals Limited (LON:EEE)(OTCQX:EPMLF), the AIM-quoted resource exploration and development company, announces that it has received notification from employees of the Company and its operating subsidiary, in their capacity as option holders, to exercise options over 2,500,000 new ordinary shares of no par value in the share capital of the Company (the 'New Ordinary Shares') at a price of 14 pence per share and 500,000 new ordinary shares of no par value in the share capital of the Company (the 'New Ordinary Shares') at a price of 2.5 pence per share. Accordingly, the Company has today issued the New Ordinary Shares to the option holder for an aggregate cash value of
Application for Admission
Application will be made to the London Stock Exchange for the new shares to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective on or around 18 September 2025.
Following Admission of the new shares as described above, the issued share capital of the Company will consist of 693,393,221 ordinary shares of no-par value. 693,393,221 represents the total number of voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
**ENDS**
For further information please visit www.empiremetals.co.uk or contact:
Empire Metals Ltd Shaun Bunn / Greg Kuenzel / Arabella Burwell | Tel: 020 4583 1440 |
S. P. Angel Corporate Finance LLP (Nomad & Broker) Ewan Leggat / Adam Cowl | Tel: 020 3470 0470 |
Shard Capital Partners LLP (Joint Broker) Damon Heath | Tel: 020 7186 9950 |
St Brides Partners Ltd (Financial PR) Susie Geliher / Charlotte Page | Tel: 020 7236 1177 |
About Empire Metals Limited
Empire Metals is an AIM-listed and OTCQX-traded exploration and resource development company (LON:EEE)(OTCQX:EPMLF) with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia.
The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep. Drill results have indicated excellent continuity in grades and consistency of the in-situ mineralised beds and confirm that the sandstone beds hold the higher-grade titanium dioxide (TiO₂) values within the interbedded succession of sandstones, siltstones and conglomerates. The Company is focused on two key prospects (Cosgrove and Thomas), which have been identified as having thick, high-grade, near-surface, in-situ bedded TiO₂ mineralisation, each being over 7km in strike length.
An Exploration Target* for Pitfield was declared in 2024, covering the Thomas and Cosgrove mineral prospects, and was estimated to contain between 26.4 to 32.2 billion tonnes with a grade range of 4.5 to
The Exploration Target* covers an area less than
Empire is now accelerating the economic development of Pitfield, with a vision to produce a high-value titanium metal or pigment quality product at Pitfield, to realise the full value potential of this exceptional deposit.
The Company also has two further exploration projects in Australia; the Eclipse Project and the Walton Project in Western Australia, in addition to three precious metals projects located in a historically high-grade gold producing region of Austria.
*The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. See RNS dated 12 June 2024 for full details.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: Empire Metals Limited
View the original press release on ACCESS Newswire
FAQ
How many new shares is Empire Metals (EPMLF) issuing through the options exercise?
What is the total cash value Empire Metals will receive from the options exercise?
When will the new Empire Metals shares be admitted to trading on AIM?
What will be Empire Metals' total issued share capital after the options exercise?
