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Empire Metals ( (GB:EEE) ) has issued an update.
Empire Metals Limited has announced the exercise of options for 3,850,000 new ordinary shares, raising an aggregate cash value of £365,750. This move will result in the company’s share capital consisting of 642,264,810 ordinary shares. The new shares are expected to be admitted to AIM by early February 2025. This development highlights Empire Metals’ strategic efforts to enhance its financial standing as it continues to focus on its significant titanium project in Western Australia and other exploration endeavors.
More about Empire Metals
Empire Metals Limited is an AIM-listed exploration and resource development company focused on developing the Pitfield titanium project in Western Australia. The company has identified major prospects at Pitfield with substantial titanium dioxide potential and is working on accelerating the economic development of these resources. In addition to Pitfield, Empire Metals has projects in Western Australia and Austria, focusing on both titanium and precious metals.
YTD Price Performance: 40.15%
Average Trading Volume: 2,283,156
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £60.92M
For a thorough assessment of EEE stock, go to TipRanks’ Stock Analysis page.
