Empire Metals highlights robust cash position as Pitfield project advances

Mining General Mining & Base Metals Written by: Jamie Ashcroft 15:32 Thu 27 Aug 2026 --> Proactive has a commercial relationship with Empire Metals Ltd. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Jamie Ashcroft Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a first-class degree in Business and Economics and qualifications in software design and development. As one of the early external hires at Proactive in 2009, Jamie contributed... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Empire Metals Ltd ( AIM:EEE OTCQX:EPMLF ) View Price & Profile Empire Metals highlights robust cash position as Pitfield project advances Last updated: 15:32 27 Aug 2026 BST, First published: 07:59 27 Aug 2026 BST Empire Metals Ltd (AIM:EEE, OTCQX:EPMLF) ended the first half with £12.4 million of cash, giving it funding to push ahead with engineering, pilot-scale processing and economic studies at its Pitfield titanium project in Western Australia. The balance compared with £6.3 million a year earlier and followed an £8 million institutional subscription at 30p a share in May. Empire, which is still pre-revenue, reported a six-month loss of £1.88 million versus £1.70 million previously, while exploration and evaluation expenditure rose sharply to £3.35 million. Operational work centred on Pitfield, where Empire completed its largest drilling campaign to date, comprising 712 holes for 34,844 metres. That programme contributed to the post-period upgrade of the mineral resource to 8.16 billion tonnes grading 4.3% TiO₂, including the project's first Measured Resource. Empire has also completed an integrated processing flowsheet designed to produce high-purity TiO₂ pigment and titanium sponge feedstock using conventional processing methods. Continuous pilot-scale testing and engineering studies are now underway, while an ASX dual listing remains on track for the second half of 2026 and a further resource upgrade is targeted for mid-2027. Continue reading