Empire Metals (GB:EEE)
LSE:EEE
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Empire Metals
(LSE:EEE)
Select Model
Select Model
Rating:44Neutral
Price Target:
36.00 p
▼(-20.88% Downside)
Action:ReiteratedDate:03/26/26
The score is held down primarily by the lack of revenue, ongoing losses, and persistent cash burn, which increase funding dependence. Technicals also reflect a downtrend with weak momentum as the price sits below major moving averages. A low-debt balance sheet is the main stabilizing factor, but it does not yet translate into profitability.
Positive Factors
Low leverage / Balance sheet strength
Very low financial leverage and minimal nominal debt materially reduce solvency risk for an exploration company. This provides durable financial flexibility to fund exploration programs, negotiate farm-outs or survive prolonged commodity cycles without immediate default pressure, improving strategic optionality over months.
Negative Factors
Pre-revenue business model
Being pre-revenue with persistent operating losses means the business lacks internally generated cash to fund operations or convert assets to production. Over months this raises execution risk, extends the timeline to value realization and makes dependence on external financing a structural constraint.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / Balance sheet strength
Very low financial leverage and minimal nominal debt materially reduce solvency risk for an exploration company. This provides durable financial flexibility to fund exploration programs, negotiate farm-outs or survive prolonged commodity cycles without immediate default pressure, improving strategic optionality over months.
Read all positive factors
Empire Metals (EEE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£265.87M
Dividend YieldN/A
Average Volume (3M)8.01M
Price to Earnings (P/E)―
Beta (1Y)0.32
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees3
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding710,893,250
10 Day Avg. Volume6,971,629
30 Day Avg. Volume8,014,831
Financial Highlights & Ratios
PEG Ratio3.32
Price to Book (P/B)15.39
Price to Sales (P/S)0.00
P/FCF Ratio-86.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Empire Metals Business Overview & Revenue Model
Company Description
Empire Metals Limited engages in the exploration and development of properties in the United Kingdom, Australia, and Austria. Its principal property is 75% owned the Eclipse Gold Project located to the north of Kalgoorlie, Western Australia. The c...
How the Company Makes Money
null...
Empire Metals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
66
Positive
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -47.49K | -56.60K | -23.35K | -300.00 | -1.42K |
| EBITDA | -3.50M | -4.13M | -2.24M | ― | -2.33M |
| Net Income | -3.54M | -4.09M | -2.80M | -1.16M | -589.00K |
Balance Sheet | |||||
| Total Assets | 17.82M | 8.42M | 7.71M | 4.88M | 4.25M |
| Cash, Cash Equivalents and Short-Term Investments | 9.64M | 3.52M | 2.85M | 1.47M | 2.21M |
| Total Debt | 62.51K | 12.43K | 21.38K | 0.00 | 0.00 |
| Total Liabilities | 712.69K | 154.36K | 751.67K | 110.30K | 124.54K |
| Stockholders Equity | 17.10M | 8.26M | 6.95M | 4.77M | 4.13M |
Cash Flow | |||||
| Free Cash Flow | -3.04M | -4.62M | -1.05M | -2.31M | -2.50M |
| Operating Cash Flow | -2.94M | -3.06M | -998.82K | -972.40K | -990.54K |
| Investing Cash Flow | -3.20M | -1.56M | -1.93M | -1.34M | 793.27K |
| Financing Cash Flow | 12.27M | 5.39M | 4.22M | 1.57M | 118.00K |
Empire Metals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | £251.06M | 3.84 | 14.10% | 2.58% | 24.10% | 182.94% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | £82.89M | -22.80 | -13.02% | ― | ― | ― | |
53 Neutral | £529.64M | -16.62 | -25.01% | ― | ― | ― | |
44 Neutral | £265.87M | -74.29 | -24.90% | ― | ― | ― | |
41 Neutral | £91.49M | 7.11 | -7.12% | ― | 220.69% | -400.00% |
* Basic Materials Sector Average
GB:EEE
Empire Metals
37.40
26.30
236.94%
GB:EUA
Eurasia Mining
3.10
-1.52
-32.90%
GB:SLP
Sylvania Platinum
97.00
51.91
115.10%
GB:FMET
Fulcrum Metals Plc
8.75
4.00
84.21%
GB:GMET
Golden Metal Resources Plc
273.00
232.00
565.85%
GB:HEX
Helix Exploration Plc
42.40
30.25
248.97%
Empire Metals Corporate Events
Business Operations and StrategyM&A Transactions
Empire Metals Extends Eclipse Licence Sale to Sharpen Focus on Pitfield Titanium
Positive
Mar 31, 2026
Empire Metals has extended by one month, to 30 April 2026, the deadline for completing the sale of its 75% interest in the Eclipse Mining Licence, after the purchaser requested more time to finish due diligence. The buyer has drilled 10 reverse-ci...
Business Operations and StrategyExecutive/Board ChangesDelistings and Listing ChangesFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Empire Metals Posts Transformational Year on Giant Pitfield Titanium Resource
Positive
Mar 23, 2026
Empire Metals reported a transformational year to 31 December 2025, highlighted by a maiden JORC mineral resource at its Pitfield titanium project of 2.2 billion tonnes grading 5.1% TiO₂, including 113 million tonnes of contained titanium di...
Business Operations and Strategy
Empire Metals Confirms High-Grade Titanium Zone at Pitfield as Major Drill Campaign Advances
Positive
Mar 17, 2026
Empire Metals has reported results from a late-2025 diamond drilling campaign at its Pitfield Project in Western Australia, confirming a near-surface high-grade central zone of titanium dioxide at the Thomas Prospect. Eight diamond holes over 745 ...
Business Operations and Strategy
Empire Metals joins WA critical minerals mission to court North American investors
Positive
Mar 2, 2026
Empire Metals has joined the 2026 Western Australia Critical Minerals Delegation to North America, a state-backed initiative aligned with the U.S.-Australia Critical Minerals Framework aimed at strengthening secure and sustainable supply chains. T...
Business Operations and StrategyDelistings and Listing Changes
Empire Metals Gains DTC Eligibility to Boost U.S. Liquidity for Titanium-Focused Miner
Positive
Feb 26, 2026
Empire Metals has secured eligibility for its common shares to be cleared and settled electronically in the United States through the Depository Trust Company, a move that should streamline trading on the OTCQX under the EPMLF ticker. The company ...
Business Operations and Strategy
Empire Metals launches largest drilling push to grow giant Pitfield titanium resource
Positive
Feb 17, 2026
Empire Metals has launched its largest drilling campaign to date at the Pitfield titanium project in Western Australia, aiming to expand and upgrade its existing Mineral Resource Estimates at the Thomas and Cosgrove prospects. The fully funded pro...
Business Operations and Strategy
Empire Metals Advances Metallurgical Breakthroughs at Pitfield Titanium Project
Positive
Jan 27, 2026
Empire Metals has reported strong progress at its Pitfield titanium project in Western Australia, with metallurgical, engineering and environmental workstreams converging toward a defined process flowsheet that will underpin a Scoping Study later ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.