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Empire Metals ( (GB:EEE) ) has shared an announcement.
Empire Metals Limited has announced the commencement of a diamond drilling campaign at the Thomas Prospect within the Pitfield Project in Western Australia. This initiative aims to test the high-grade TiO₂-rich core identified in previous drilling and is part of a broader strategy to expand the Mineral Resource Estimate. The campaign is funded by a recent £7 million capital raising and existing cash reserves, supporting ongoing development studies and future phases of resource expansion. The Pitfield Project is strategically positioned to supply the growing global demand for titanium, with plans to transition into pilot-scale production and deliver high-purity TiO₂ product samples to potential end users.
More about Empire Metals
Empire Metals Ltd (AIM: EEE and OTCQX: EPMLF) is an exploration and resource development company focused on the rapid commercialisation of the Pitfield Titanium Project in Western Australia. The project hosts one of the largest and highest-grade titanium resources globally, with a Mineral Resource Estimate of 2.2 billion tonnes grading 5.1% TiO₂. The company aims to produce high-value titanium metal or pigment quality products, leveraging excellent logistics and infrastructure to meet global demand.
Average Trading Volume: 7,209,077
Technical Sentiment Signal: Buy
Current Market Cap: £254.5M
For an in-depth examination of EEE stock, go to TipRanks’ Overview page.