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An announcement from Empire Resources Limited ( (AU:ERL) ) is now available.
Empire Resources Limited has issued 1,000,000 ordinary fully paid shares at $0.008 each under the second tranche of a previously announced placement, following shareholder approval at an extraordinary general meeting on 24 March 2026. The tranche two shares can be issued within three months of the meeting without using the company’s 15% annual placement capacity, and the company has lodged the required cleansing notice confirming compliance with continuous disclosure and financial reporting obligations under the Corporations Act.
The placement strengthens Empire’s funding position as it advances its gold and copper exploration and development projects in Western Australia, potentially supporting ongoing work at its Yuinmery Copper-Gold and Penny’s Gold projects. By preserving its placement capacity and affirming regulatory compliance, the company maintains flexibility for future capital raisings while signalling operational continuity to investors and other stakeholders.
More about Empire Resources Limited
Empire Resources Limited is an Australian gold and copper-focused exploration and development company listed on the ASX. It owns the Yuinmery Copper-Gold Project in the Youanmi Greenstone Belt northeast of Perth and the Penny’s Gold Project in the Eastern Goldfields Region of Western Australia, and targets value creation through direct exploration and complementary investments.
Average Trading Volume: 3,702,342
Technical Sentiment Signal: Sell
Current Market Cap: A$18.78M
Learn more about ERL stock on TipRanks’ Stock Analysis page.