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Empire Metals ( (GB:EEE) ) just unveiled an announcement.
Empire Metals Limited has successfully raised £7 million through a subscription of new ordinary shares to existing institutional shareholders. The funds will be used to advance key workstreams, including resource expansion, metallurgical testwork, and pilot-scale production, with a focus on delivering high-purity TiO₂ product samples. The company also plans to strengthen its team and explore a dual listing on the ASX. This financial boost underscores the strategic value of the Pitfield Project and positions Empire Metals for its next development phase, enhancing its industry positioning and potential stakeholder benefits.
More about Empire Metals
Empire Metals Ltd is an exploration and resource development company focused on the rapid commercialisation of the Pitfield Titanium Project in Western Australia. The company boasts one of the largest and highest-grade titanium resources globally, with a Mineral Resource Estimate of 2.2 billion tonnes grading 5.1% TiO₂. Empire Metals aims to produce high-value titanium metal or pigment quality products, leveraging excellent logistics and infrastructure for global supply.
Average Trading Volume: 7,027,799
Technical Sentiment Signal: Buy
Current Market Cap: £242.7M
Find detailed analytics on EEE stock on TipRanks’ Stock Analysis page.