Empire Metals Ltd Stock Price, News & Analysis

Empire Metals (OTCQB:EPMLF) has completed its largest drilling campaign at the Pitfield Project in Western Australia, targeting high-grade titanium mineralization. The campaign included 180 drill holes totaling 10,136 meters, comprising 140 Air Core holes (6,360 meters) and 40 Reverse Circulation holes (3,776 meters).

The drilling program, conducted on a systematic 400m by 200m grid covering 1,352 hectares, will support the company's maiden JORC-compliant Mineral Resource Estimate (MRE) at the Thomas Prospect. The project's total drilling has now exceeded 32,000 meters across 382 holes, providing a robust foundation for geological modeling and resource definition.

Located 313km north of Perth, the Pitfield titanium project benefits from existing infrastructure including port connections, power substations, and proximity to natural gas pipelines.

Empire Metals Limited (EPMLF) has announced the exercise of warrants resulting in the issuance of new ordinary shares. SP Angel Corporate Finance LLP exercised warrants for 70,000 shares at £0.06 per share, totaling £4,200. Additionally, Shard Capital Stockbrokers exercised warrants for 689,988 shares at £0.105 per share, amounting to £72,448.74. The company will apply for admission of these new shares to trading on AIM, expected to become effective around June 18, 2025. Following the admission, Empire Metals' total issued share capital will consist of 690,393,221 ordinary shares, representing the total number of voting rights in the company.

Empire Metals Limited has achieved a significant breakthrough in its Pitfield Project in Western Australia, producing an exceptionally high-purity titanium dioxide (TiO2) product with 99.25% purity through conventional beneficiation, leaching, and refining processes. The product, derived from mineral flotation concentrates from the project's weathered cap, contains minimal impurities and is suitable for high-quality titanium sponge metal or titanium dioxide pigment production. The company utilized an acid bake-water leach process with sulfuric acid, conducting tests at ALS Metallurgy laboratories in Perth. The process involved multiple stages including wet scrubbing, gravity separation, froth flotation, acid leaching, hydrolysis, and calcination. The Pitfield Project, strategically located 313km north of Perth, benefits from existing infrastructure including port connections, power substations, and proximity to planned green energy facilities.

Empire Metals Limited (EPMLF) announced its final results for 2024, highlighting the Pitfield Project as the world's largest titanium discovery with a JORC Exploration Target of 26.4-32.2 billion tonnes at 4.5-5.5% TiO₂. The company reported a breakthrough discovery of near-surface saprolite zones rich in high-grade anatase and rutile, achieving 91.7% TiO₂ product purity through conventional processing methods. With a strong cash position of £7 million as of May 2025, Empire has strengthened its technical team and board with industry experts. The company's focus on strategic titanium development aligns with accelerating global demand in aerospace, defense, and pigment markets.

AIMS Asset Management Sdn. Bhd. has reported a significant shareholding in Empire Metals Limited (EPMLF). Through Apollo Asia Fund Limited, the investment fund has acquired a 3.02% stake, representing 20,842,106 voting rights in the company. The notification was triggered by an acquisition of financial instruments, with the threshold being crossed on May 30, 2025. The investment fund operates under the discretionary management of AIMS Asset Management, based in Kuala Lumpur, Malaysia.

Empire Metals Limited has launched its largest drilling campaign at the Pitfield Project in Western Australia, targeting high-grade titanium mineralization at the Thomas Prospect. The program encompasses 164 drill holes totaling 10,700 meters, including 124 Air Core holes (6,700m) and 40 Reverse Circulation holes (4,000m), covering 11 square kilometers. Previous drilling results showed significant titanium dioxide grades, with notable intercepts including 51m @ 7.88% TiO₂, 57m @ 7.48% TiO₂, and 52m @ 7.43% TiO₂ from surface. The campaign aims to deliver a maiden JORC Compliant Mineral Resource Estimate (MRE). Located 313km north of Perth, the Pitfield project benefits from existing infrastructure including port connections, power substations, and proximity to planned green energy facilities.

Empire Metals Limited (EPMLF) has successfully raised £4.5 million through a subscription of 47,368,423 new ordinary shares at 9.5p per share from institutional investors. The subscription, led by Asian Investment Management Services Ltd, increases the company's total cash position to £7.1 million.

The funds will be used to advance the Pitfield Titanium Project through: expanding the drilling program to establish a significant Mineral Resource Estimate (MRE), accelerating process flowsheet development, scaling up metallurgical testwork for high-purity TiO2 product samples, and fast-tracking mining studies. Laboratory results have shown promise using conventional processing techniques, boosting confidence in producing high-value commercial products.

Following the subscription, Empire Metals' total issued share capital will be 689,633,233 ordinary shares, with admission to AIM expected around May 30, 2025.

Empire Metals Limited (EPMLF) has announced its participation in two major industry events in May 2025. The company will present at the RIU Sydney Resources Round-up from May 6-8 at the Hyatt Regency in Sydney, where they will have both a presentation slot and an exhibition booth. Simultaneously, Empire will participate in the OTC Metals & Mining Virtual Investor Conference from May 6-8, reaching a global online audience. These events will serve as platforms for the company to update investors on recent developments, particularly regarding their Pitfield Project exploration activities. An updated corporate presentation is available on Empire's website.

Empire Metals (EPMLF) has announced significant results from its Air Core drilling programme at the Pitfield Project in Western Australia, confirming extensive high-grade titanium dioxide mineralization. The program comprised 85 holes over 4,437m, focusing on the Thomas and Cosgrove Prospects.

Key highlights include exceptional intercepts such as 60m @ 6.30% TiO₂ from surface and multiple zones exceeding 10% TiO₂, with peaks reaching 18%. The drilling confirmed continuous mineralization extending from surface to depths over 50 meters, with an average weathered interval grade of 5.77% TiO₂.

The total drilling at Pitfield has now reached 22,129 meters across 202 holes. The company plans to accelerate its Mineral Resource Estimate (MRE) program, targeting completion in Q3 2025. The project benefits from strategic infrastructure connections, including road, rail, and proximity to ports in Western Australia's Mid-West region.