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Empire Metals
(LSE:EEE)
Empire Metals (EEE) vs. iShares MSCI United Kingdom ETF (EWC)
Empire Metals Business Overview & Revenue Model
Empire Metals Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.20K |
| Gross Profit | -63.58K | -56.60K | -23.35K | -300.00 | -1.42K | 1.20K |
| EBITDA | -4.46M | -4.13M | -2.24M | ― | -2.33M | -948.30K |
| Net Income | -4.41M | -4.09M | -2.80M | -1.16M | -589.00K | -572.99K |
Balance Sheet | ||||||
| Total Assets | 11.67M | 8.42M | 7.71M | 4.88M | 4.25M | 3.47M |
| Cash, Cash Equivalents and Short-Term Investments | 6.32M | 3.52M | 2.85M | 1.47M | 2.21M | 2.29M |
| Total Debt | 6.04K | 12.43K | 21.38K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 318.04K | 154.36K | 751.67K | 110.30K | 124.54K | 82.34K |
| Stockholders Equity | 11.35M | 8.26M | 6.95M | 4.77M | 4.13M | 3.39M |
Cash Flow | ||||||
| Free Cash Flow | -3.21K | -4.62M | -1.05M | -2.31M | -2.50M | -908.47K |
| Operating Cash Flow | -3.17K | -3.06M | -998.82K | -972.40K | -990.54K | -876.80K |
| Investing Cash Flow | -1.25M | -1.56M | -1.93M | -1.34M | 793.27K | -401.01K |
| Financing Cash Flow | 9.88M | 5.39M | 4.22M | 1.57M | 118.00K | 3.52M |
Empire Metals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | £291.35M | 18.76 | 7.47% | 2.58% | 24.10% | 182.94% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | £248.03M | -84.02 | -18.58% | ― | ― | ― | |
50 Neutral | £307.82M | -65.14 | -43.48% | ― | ― | ― | |
43 Neutral | £110.68M | -79.00 | -6.61% | ― | 220.69% | -400.00% |
Empire Metals Corporate Events
Empire Metals has agreed a conditional sale of its 75% interest in the Eclipse Mining Lease, a small non-core gold project near Kalgoorlie in Western Australia, to a reputable local mining services company for total cash consideration of A$750,000, including a non-refundable A$50,000 deposit and A$700,000 payable on completion, subject to a three-month exclusivity and due diligence period that may include a small RC drilling programme. The disposal of Eclipse forms part of Empire’s broader portfolio rationalisation strategy to reduce exposure to non-core assets, cut holding and resourcing costs and redeploy capital and management attention towards accelerating development of its flagship Pitfield Titanium Project, with settlement targeted for early April and further reviews of other non-core assets ongoing.
Empire Metals Limited has been awarded the Exploration Discovery of the Year Award for its Pitfield titanium project in Western Australia, recognized for its significant potential to develop into a major mining operation. The project has demonstrated immense potential with a high-purity TiO2 product and a substantial Mineral Resource Estimate, positioning Empire as a key player in the global titanium industry.
Empire Metals Limited announced an upcoming investor presentation to discuss progress and future milestones at its Pitfield Project, as the company moves towards commercialisation. The presentation, open to all shareholders, highlights Empire’s strategic efforts to leverage its substantial titanium resources, potentially impacting its market positioning and stakeholder interests.
Empire Metals Limited announced that several of its directors, including Dr. Neil O’Brien, Mr. Greg Kuenzel, and Mr. Peter Damouni, have purchased significant amounts of the company’s ordinary shares. This move indicates strong confidence in the company’s future prospects and its strategic focus on the Pitfield Titanium Project, which is expected to enhance its market position in the titanium industry. The directors’ increased shareholdings could positively impact stakeholder perceptions and signal a commitment to the company’s growth and development.
Empire Metals Limited has appointed Canaccord Genuity Limited as a joint corporate broker alongside S. P. Angel Corporate Finance LLP and Shard Capital Partners LLP. This strategic move aims to bolster Empire’s financial operations as it accelerates the economic development of its Pitfield Titanium Project, which is a significant global titanium resource. The appointment is expected to enhance Empire’s market positioning and support its vision to produce high-value titanium products, thereby realizing the full potential of its resources.
Empire Metals Limited has announced the commencement of a diamond drilling campaign at the Thomas Prospect within the Pitfield Project in Western Australia. This initiative aims to test the high-grade TiO₂-rich core identified in previous drilling and is part of a broader strategy to expand the Mineral Resource Estimate. The campaign is funded by a recent £7 million capital raising and existing cash reserves, supporting ongoing development studies and future phases of resource expansion. The Pitfield Project is strategically positioned to supply the growing global demand for titanium, with plans to transition into pilot-scale production and deliver high-purity TiO₂ product samples to potential end users.
Empire Metals Limited announced its participation in the TZMI Congress in Kuala Lumpur, a key event in the titanium industry, to engage with industry stakeholders and potential customers. The company’s involvement in the congress underscores its strategic efforts to enhance its market presence and leverage its significant titanium resources at the Pitfield project, aiming to capitalize on the global demand for titanium and critical minerals.
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.
Empire Metals Limited announced its participation in upcoming investment summits and conferences, including the Ignite Investment Summit in Hong Kong and LME Week in London. These events will allow the company to engage with investors and provide updates on the Pitfield Project’s Mineral Resource Estimate and plans for commercialisation. The company’s strategic focus on the Pitfield Titanium Project aims to meet the global demand for titanium, leveraging its substantial resource base and logistical advantages.
Empire Metals Limited announced a maiden Mineral Resource Estimate (MRE) for its Pitfield Project in Western Australia, revealing one of the largest and highest-grade titanium resources globally. The MRE, reported under the JORC 2012 Code, highlights the project’s potential with 2.2 billion tonnes grading 5.1% TiO2. The discovery positions Empire Metals as a significant player in the titanium market, with strategic access to global markets, and plans for further resource expansion and development to enhance commercial viability.