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Empire Metals ( (GB:EEE) ) just unveiled an announcement.
Empire Metals Limited has successfully raised £4.5 million through a subscription of new ordinary shares, increasing its cash position to £7.1 million. This funding will be used to expand the Pitfield titanium project, including drilling programs, metallurgical testwork, and economic studies, positioning the company to capitalize on the global demand for critical minerals like titanium.
More about Empire Metals
Empire Metals Limited is an AIM-listed and OTCQB-traded exploration and resource development company focused on developing the Pitfield titanium project in Western Australia. The company is known for its high-grade titanium discovery at Pitfield, which is characterized by a massive gravity and magnetics anomaly. Empire Metals is working on two key prospects, Cosgrove and Thomas, and aims to produce high-value titanium metal or pigment quality products. Additionally, the company has other exploration projects in Australia and Austria.
Average Trading Volume: 2,728,583
Technical Sentiment Signal: Buy
Current Market Cap: £64.55M
See more data about EEE stock on TipRanks’ Stock Analysis page.
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