Empire Metals Limited (GB:EEE) has released an update.
Empire Metals Limited has announced the termination of its acquisition of the Stavely Project in Victoria, Australia, due to the non-grant of the tenement and a strategic shift to focus on its Pitfield Titanium Project in Western Australia. The company prioritizes the development of Pitfield, aiming to establish a maiden resource by 2024 and start the construction of a demonstration plant the following year. The decision allows Empire Metals to concentrate its resources and efforts on the titanium project, which shows potential for significant value.
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