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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 |
|---|---|---|---|---|---|---|---|
63 Neutral | £221.40M | 3.84 | 7.47% | 2.58% | 24.10% | 182.94% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | £199.05M | -25.56 | -44.94% | ― | ― | ― | |
48 Neutral | £371.20M | -16.62 | -25.01% | ― | ― | ― | |
41 Neutral | £90.02M | 7.11 | -7.12% | ― | 220.69% | -400.00% |
Empire Metals Corporate Events
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 metres delivered thick intervals grading above the current resource average, with several intercepts approaching 10% TiO₂ in the weathered cap, providing strong geological, geochemical and metallurgical datasets to improve resource confidence and inform mine design.
The company has launched a fully funded, large-scale air core and reverse circulation drilling programme for 2026, targeting 754 holes over 41,250 metres to upgrade the Thomas resource into higher-confidence categories and significantly expand the Cosgrove resource. With drilling costs kept below A$90 per metre and completion expected by mid-April ahead of an updated mineral resource estimate in the third quarter of 2026, the campaign is set to materially advance Pitfield toward development studies and could enhance Empire’s strategic position in the titanium supply chain.
The most recent analyst rating on (GB:EEE) stock is a Hold with a £38.00 price target. To see the full list of analyst forecasts on Empire Metals stock, see the GB:EEE Stock Forecast page.
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. The company will present at PDAC’s Australia Day in Toronto and hold investor and industry meetings in New York and Washington, positioning its Pitfield titanium project more prominently with North American stakeholders and potentially enhancing its visibility and strategic role within the critical minerals sector.
The delegation underscores the growing strategic partnership between Australia and the United States in critical minerals, and highlights Pitfield’s potential contribution to long-term titanium supply security. Empire has also released an updated corporate presentation to support engagement with investors, signalling a push to capitalise on the project’s scale and high-grade resource as global demand for titanium and related critical minerals continues to expand.
The most recent analyst rating on (GB:EEE) stock is a Hold with a £38.00 price target. To see the full list of analyst forecasts on Empire Metals stock, see the GB:EEE Stock Forecast page.
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 expects this change to broaden its reach across U.S. brokerage networks, improve liquidity, and make participation in its growth story more accessible to a wider pool of American investors, reinforcing its efforts to enhance shareholder value as it advances the large-scale Pitfield titanium project.
Management framed DTC eligibility as a strategic milestone that simplifies trading for existing U.S. holders while potentially attracting new institutional and retail interest. By reducing frictions in cross-border settlement and aligning with standard U.S. market infrastructure, Empire strengthens its capital markets presence at a time when its titanium resource in Western Australia is positioned to benefit from growing global demand for critical minerals.
The most recent analyst rating on (GB:EEE) stock is a Hold with a £38.00 price target. To see the full list of analyst forecasts on Empire Metals stock, see the GB:EEE Stock Forecast page.
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 programme will deploy three air core and two reverse circulation rigs to complete 754 holes totalling 41,250 metres by mid-April, with updated resource figures targeted for the third quarter of 2026.
The work is designed to increase the proportion of Measured and Indicated resources at Thomas and significantly grow the current 430 million tonne resource at Cosgrove, focusing on the near-surface weathered zones that have shown high-grade TiO₂ mineralisation. By extending drilling coverage from less than 20% to as much as 60–70% of the known mineralised footprint, the campaign is expected to sharpen Empire’s understanding of Pitfield’s scale, support mine design and study work, and strengthen the project’s standing as a globally significant titanium resource.
The most recent analyst rating on (GB:EEE) stock is a Hold with a £38.00 price target. To see the full list of analyst forecasts on Empire Metals stock, see the GB:EEE Stock Forecast page.
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 in 2026. Recent test work has confirmed that whole-of-ore flotation can selectively recover titanium minerals while rejecting more than 80% of gangue material, achieving concentrate grades above 34% TiO2 and recoveries of around 70%, and that atmospheric sulphuric acid leaching of these concentrates offers a potentially simpler, lower-temperature and lower-acid alternative to conventional acid-bake routes. The company plans to complete flowsheet selection in the first quarter of 2026, commence large-scale batch and pilot-scale metallurgical tests by mid‑year, and is simultaneously advancing engineering studies, environmental assessments and a new cooperation agreement with Mid West Ports Authority, collectively aimed at de-risking development, streamlining permitting and strengthening Pitfield’s competitive position in the global titanium supply chain.
The most recent analyst rating on (GB:EEE) stock is a Hold with a £40.00 price target. To see the full list of analyst forecasts on Empire Metals stock, see the GB:EEE Stock Forecast page.
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.