Latest news with #PitfieldProject
Associated Press
2 days ago
- Business
- Associated Press
Empire Metals Limited Announces Final Results
Final Results for the year ended 31 December 2024 LONDON, UK / ACCESS Newswire / June 6, 2025 / Empire Metals Limited, (LON:EEE)(OTCQB:EPMLF), the AIM-quoted and OTCQB-traded exploration and development company, announces its final results for the year ended 31 December 2024. The annual report and accounts for the year ended 31 December 2024 will be posted to shareholders today and will be available for download shortly from the Company's website, Highlights *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. Shaun Bunn, Managing Director, said: 'Empire Metals has built on the exceptional momentum established in 2023, and we enter this next chapter with increased confidence in the scale, quality, and strategic importance of the Pitfield Titanium Project. The release of our maiden JORC Exploration Target*, estimating 26.4 to 32.2 billion tonnes at 4.5-5.5% TiO₂ in June 2024, confirmed Pitfield as the largest undeveloped titanium system globally and a key potential source of this critical metal. 'Our exploration strategy has focused on accelerated commercialisation, and this disciplined approach is now bearing fruit. The discovery of a significant zone of near-surface, high-grade, clean titanium dioxide minerals within the weathered saprolite layer - rich in rutile and anatase - presents a major opportunity to fast-track development. These minerals offer a lower-cost processing route and align with rising global demand for more sustainable titanium sources. 'Empire is in a strong financial position following two successful funding rounds in 2024, and a further raise in 2025, providing us with a current cash position of approximately £7 million. This support from the market not only validates our strategy but ensures we are well funded for our ongoing programmes, from resource definition to additional metallurgical testing as we move closer to commercialisation. 'Each milestone continues to de-risk Pitfield, both technically and geologically. The results to date have only strengthened our conviction that Pitfield is a once-in-a-generation discovery. As we progress towards commercialisation, our commitment to unlocking its full value has never been stronger. We look forward to another transformative year for Empire.' Click on, or paste the following link into your web browser, to view the full announcement text: Market Abuse Regulation (MAR) Disclosure Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014, as incorporated into UK law by the European Union (Withdrawal) Act 2018, until the release of this announcement. **ENDS** For further information please visit or contact: 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 [email protected] or visit SOURCE: Empire Metals Limited press release
Associated Press
02-05-2025
- Business
- Associated Press
Empire Metals Limited to Present at the Metals & Mining Virtual Investor Conference May 7th
NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) -- Empire Metals Limited (OTCQB: EPMLF, AIM: EEE), based in London, UK, and Perth, Australia, and focused on the Pitfield Project, the largest titanium discovery globally, today announced that Shaun Bunn, Managing Director, will present live at the Metals & Mining Virtual Investor Conference hosted by on May 7th. DATE: May 7th TIME: 11:30 AM ET LINK: REGISTER HERE Shaun Bunn, MD, will be presenting and Empire's Head of Corporate Development, Arabella Burwell, will be available for 1x1 meetings: May 7, 12 and 13 This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at Recent Company Highlights About Empire Metals Limited Empire Metals is an exploration and resource development company 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 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, bedded TiO2 mineralization, 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 tons with a grade range of 4.5 to 5.5% TiO2. Included within the total Exploration Target* is a subset that covers the weathered sandstone zone, which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tons with a grade range of 4.8 to 5.9% TiO2. The Exploration Target* covers an area less than 20% of the overall mineral system at Pitfield which demonstrates the potential for significant further upside. 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 realize 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. About Virtual Investor Conferences® Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors. Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors. CONTACTS: Empire Metals Limited Arabella Burwell Corporate Development +44 (0) 20 4583 1440 [email protected] Virtual Investor Conferences John M. Viglotti SVP Corporate Services, Investor Access OTC Markets Group (212) 220-2221 [email protected]
Hamilton Spectator
02-05-2025
- Business
- Hamilton Spectator
Empire Metals Limited to Present at the Metals & Mining Virtual Investor Conference May 7th
NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) — Empire Metals Limited (OTCQB: EPMLF, AIM: EEE), based in London, UK, and Perth, Australia, and focused on the Pitfield Project, the largest titanium discovery globally, today announced that Shaun Bunn, Managing Director, will present live at the Metals & Mining Virtual Investor Conference hosted by , on May 7th. DATE: May 7th TIME: 11:30 AM ET LINK: REGISTER HERE Shaun Bunn, MD, will be presenting and Empire's Head of Corporate Development, Arabella Burwell, will be available for 1x1 meetings: May 7, 12 and 13 This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at . Recent Company Highlights About Empire Metals Limited Empire Metals is an exploration and resource development company 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 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, bedded TiO2 mineralization, 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 tons with a grade range of 4.5 to 5.5% TiO2. Included within the total Exploration Target* is a subset that covers the weathered sandstone zone, which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tons with a grade range of 4.8 to 5.9% TiO2. The Exploration Target* covers an area less than 20% of the overall mineral system at Pitfield which demonstrates the potential for significant further upside. 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 realize 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. About Virtual Investor Conferences® Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors. Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors. CONTACTS: Empire Metals Limited Arabella Burwell Corporate Development +44 (0) 20 4583 1440 aburwell@ Virtual Investor Conferences John M. Viglotti SVP Corporate Services, Investor Access OTC Markets Group (212) 220-2221 johnv@
Yahoo
14-03-2025
- Business
- Yahoo
CORRECTION FROM SOURCE: Empire Metals Limited Announces Admission to Trading on OTCQB
The following amendment has been made to the 'Admission to Trading on OTCQB in the United States' announcement released on 14 March 2025 at 07:00. The incorrect OTCQB ticker symbol was listed and should be EPMLF. All other details remain unchanged. The full amended text is shown below. LONDON, UK / / March 14, 2025 / Empire Metals Limited / LON: EEE / Sector: Natural Resources 14 March 2025 Empire Metals Limited("Empire" or "the Company") Admission to Trading on OTCQB in the United States Empire Metals Limited (LON:EEE), the AIM-quoted resource exploration and development company,is pleased to announce that its Ordinary Shares have been approved to trade on the OTCQB Market ("OTCQB") in the United States of America (the "US") and will commence trading at the market open today under the ticker symbol "EPMLF". The cross-trading of Empire Metals' ordinary shares on the OTCQB will provide significant benefits to investors, including enhanced access to trading for US-based investors and greater liquidity from a broader pool of potential investors globally. By trading on the OTCQB, Empire Metals will engage directly with US investors, providing them with the same level of information and disclosure available to shareholders in the United Kingdom, but through US-facing platforms and portals. Additionally, the OTCQB cross-trading facility will enable US investors to access Empire Metals' ordinary shares in US dollars, during US market hours. Shaun Bunn, Managing Director, said: "Trading on OTCQB opens Empire Metals to a new and diverse pool of potential investors in the US, who are keen for exposure to strategic metals. Titanium is on the critical minerals list in many countries, including the United States. The growing global demand for titanium, particularly in industries like defence and aerospace, underpins our objective to accelerate development at our Pitfield Project, the world's largest known titanium discovery, towards commercialisation. Empire Metals is working to become an industry disruptor by producing high-value titanium pigments and/or titanium metal from a Tier 1 mining jurisdiction in Australia, which we believe will drive strategic interest internationally from investors and consumers alike. "Trading on the OTCQB is an important component of this vision as we take Pitfield to the international stage, offering investors a significant and responsibly sourced pathway to gain exposure to this high-growth and strategically important commodity. The Company will be presenting to investors in the US next week, as well as presenting at the Critical Minerals North America conference on 20 March, and we are delighted to provide US investors with the opportunity to invest in Empire Metals." About OTCQB The ability to trade Empire Metals' existing ordinary shares on AIM will remain unaffected by the OTCQB listing, and no new shares will be issued. Empire Metals will continue to make announcements and disclosures to the London Stock Exchange via the Regulatory News Service and will not be subject to Sarbanes-Oxley or US Securities and Exchange Commission ("SEC") reporting requirements. The OTCQB is recognised as an Established Public Market by the SEC. To be eligible for the OTCQB, companies must be current in their financial reporting, meet a minimum bid price test, and undergo annual company verification and management certification. As a verified market with efficient access to US investors, OTCQB supports companies as they seek to build shareholder value, enhance liquidity, and achieve fair valuation. US investors can access real-time quotes, market information, and updates on Empire Metals via Empire Metals has not yet made, and does not expect to make, a determination as to whether it, or any of its subsidiaries, are Passive Foreign Investment Companies ("PFIC") for U.S. tax purposes for any taxable year. **ENDS** For further information please visit 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 exploration and resource development company (LON: EEE) 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 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, bedded TiO₂ mineralisation, each being over 7km in strike length. A JORC 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 5.5% TiO2. Included within the total Exploration Target* is a subset that covers the weathered sandstone zone, which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO2. The Exploration Target* covers an area less than 20% of the overall mineral system at Pitfield which demonstrates the potential for significant further upside. 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. 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@ or visit SOURCE: Empire Metals Limited View the original press release on ACCESS Newswire
Associated Press
14-03-2025
- Business
- Associated Press
CORRECTION FROM SOURCE: Empire Metals Limited Announces Admission to Trading on OTCQB
The following amendment has been made to the 'Admission to Trading on OTCQB in the United States' announcement released on 14 March 2025 at 07:00. The incorrect OTCQB ticker symbol was listed and should be EPMLF. All other details remain unchanged. The full amended text is shown below. LONDON, UK / ACCESS Newswire / March 14, 2025 / Empire Metals Limited / LON: EEE / Sector: Natural Resources 14 March 2025 Empire Metals Limited ('Empire' or 'the Company') Admission to Trading on OTCQB in the United States Empire Metals Limited (LON:EEE), the AIM-quoted resource exploration and development company,is pleased to announce that its Ordinary Shares have been approved to trade on the OTCQB Market ('OTCQB') in the United States of America (the 'US') and will commence trading at the market open today under the ticker symbol 'EPMLF'. The cross-trading of Empire Metals' ordinary shares on the OTCQB will provide significant benefits to investors, including enhanced access to trading for US-based investors and greater liquidity from a broader pool of potential investors globally. By trading on the OTCQB, Empire Metals will engage directly with US investors, providing them with the same level of information and disclosure available to shareholders in the United Kingdom, but through US-facing platforms and portals. Additionally, the OTCQB cross-trading facility will enable US investors to access Empire Metals' ordinary shares in US dollars, during US market hours. Shaun Bunn, Managing Director, said: 'Trading on OTCQB opens Empire Metals to a new and diverse pool of potential investors in the US, who are keen for exposure to strategic metals. Titanium is on the critical minerals list in many countries, including the United States. The growing global demand for titanium, particularly in industries like defence and aerospace, underpins our objective to accelerate development at our Pitfield Project, the world's largest known titanium discovery, towards commercialisation. Empire Metals is working to become an industry disruptor by producing high-value titanium pigments and/or titanium metal from a Tier 1 mining jurisdiction in Australia, which we believe will drive strategic interest internationally from investors and consumers alike. 'Trading on the OTCQB is an important component of this vision as we take Pitfield to the international stage, offering investors a significant and responsibly sourced pathway to gain exposure to this high-growth and strategically important commodity. The Company will be presenting to investors in the US next week, as well as presenting at the Critical Minerals North America conference on 20 March, and we are delighted to provide US investors with the opportunity to invest in Empire Metals.' About OTCQB The ability to trade Empire Metals' existing ordinary shares on AIM will remain unaffected by the OTCQB listing, and no new shares will be issued. Empire Metals will continue to make announcements and disclosures to the London Stock Exchange via the Regulatory News Service and will not be subject to Sarbanes-Oxley or US Securities and Exchange Commission ('SEC') reporting requirements. The OTCQB is recognised as an Established Public Market by the SEC. To be eligible for the OTCQB, companies must be current in their financial reporting, meet a minimum bid price test, and undergo annual company verification and management certification. As a verified market with efficient access to US investors, OTCQB supports companies as they seek to build shareholder value, enhance liquidity, and achieve fair valuation. US investors can access real-time quotes, market information, and updates on Empire Metals via Empire Metals has not yet made, and does not expect to make, a determination as to whether it, or any of its subsidiaries, are Passive Foreign Investment Companies ('PFIC') for U.S. tax purposes for any taxable year. **ENDS** For further information please visit or contact: About Empire Metals Limited Empire Metals is an AIM-listed exploration and resource development company (LON: EEE) 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 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, bedded TiO₂ mineralisation, each being over 7km in strike length. A JORC 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 5.5% TiO2. Included within the total Exploration Target* is a subset that covers the weathered sandstone zone, which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO2. The Exploration Target* covers an area less than 20% of the overall mineral system at Pitfield which demonstrates the potential for significant further upside. 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.
