Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from Empire Metals ( (GB:EEE) ) is now available.
Empire Metals has agreed a conditional sale of its 75% interest in the Eclipse Mining Lease, a small non-core gold project near Kalgoorlie in Western Australia, to a reputable local mining services company for total cash consideration of A$750,000, including a non-refundable A$50,000 deposit and A$700,000 payable on completion, subject to a three-month exclusivity and due diligence period that may include a small RC drilling programme. The disposal of Eclipse forms part of Empire’s broader portfolio rationalisation strategy to reduce exposure to non-core assets, cut holding and resourcing costs and redeploy capital and management attention towards accelerating development of its flagship Pitfield Titanium Project, with settlement targeted for early April and further reviews of other non-core assets ongoing.
More about Empire Metals
Empire Metals Limited is a London AIM-quoted and OTCQX-traded natural resources company focused on exploration and resource development, primarily centred on commercialising the large-scale Pitfield Titanium Project in Western Australia. Pitfield hosts one of the world’s largest and highest-grade titanium resources, with a 2.2 billion tonne Mineral Resource Estimate grading 5.1% TiO₂, and has demonstrated the ability to produce high-purity titanium product suitable for sponge metal or pigment feedstock, positioning the company to benefit from rising global demand for titanium and critical minerals.
Average Trading Volume: 4,058,972
Technical Sentiment Signal: Buy
Current Market Cap: £256.6M
For an in-depth examination of EEE stock, go to TipRanks’ Overview page.