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Pin to quick picksEmpire Metals Share News (EEE)

Share Price Information for Empire Metals (EEE)

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Share Price: 12.50
Bid: 12.20
Ask: 12.80
Change: 0.05 (0.41%)
Spread: 0.60 (4.918%)
Open: 12.25
High: 12.65
Low: 12.20
Prev. Close: 12.15
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AIM WINNERS & LOSERS: STM surges on potential takeover offer

Tue, 11th Jul 2023 10:29

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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STM Group PLC, up 82% at 50 pence, 12-month range 22.35p-62.6p. The London-based financial services provider reveals it has agreed in principal to a potential cash takeover offer at 70p per share. Its shares had closed at 27.90p on Monday. The possible offer is from PSF Capital GP II Ltd as general partner of PSF Capital Reserve LP. PSF provides pension savings and pension risk transfers. Should an offer be made at the price suggested, the STM board would recommend it unanimously to shareholders, the company says.

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Empire Metals Ltd, up 13% at 2.54p, 12-month range 0.75p-3.2p. The London-based minerals explorer and developer says the first petrographic and mineralogical studies on the high-grade titanium discovery at the Pitfield project in Western Australia confirm the presence of ilmenite. Ilmenite is an "important economic titanium-iron oxide mineral", it explains. "Since announcing the titanium discovery on May 30 we have been able to demonstrate the scale of this mineral system and confirm that the host sedimentary rocks have been extensively replaced by titanium and iron minerals," says Managing Director Shaun Bunn. This sets Pitfield apart from typical titanium deposits, which are either lower grade heavy mineral beach sand deposits, or hard-rock igneous deposits which hard to beneficiate, Bunn continues.

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AIM - LOSERS

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Totally PLC, down 7.3% at 11.82p, 12-month range 11.21p-48p. The frontline healthcare services provider extends Monday's losses, having fallen 28% upon publishing its annual results. Despite higher profit and revenue in the financial year ended March 31, the firm's shares came under pressure due to its guidance for a weaker revenue performance in the year ahead. It spoke of "increasingly challenging operating conditions".

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
25 Sep 2023 11:09

Empire Metals raises GBP3 million to expand exploration at Pitfield

(Alliance News) - Empire Metals Ltd on Monday said it has raised GBP3 million through a placing, to expand exploration at its Pitfield project in Western Australia.

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13 Sep 2023 19:50

Empire Metals confirms next drilling phase at Pitfield project

(Alliance News) - Empire Metals Ltd on Wednesday said that the first phase of its next major exploration campaign at Pitfield project in Western Australia is due to begin next week.

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29 Aug 2023 14:15

Empire Metals announces potential titanium mineralisation at Pitfield

(Alliance News) - Empire Metals Ltd on Tuesday said results for an airborne gravity survey identified the potential for higher grade titanium mineralisation at the Pitfield project in Western Australia.

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2 Aug 2023 11:29

IN BRIEF: Empire Metals completes airborne gravity survey at Pitfield

Empire Metals Ltd - London-based minerals explorer and developer - Says an airborne gravity survey has been completed at its Pitfield project in Western Australia. Says gravity data will be used to identify potential drill targets. Adds a drill programme will be carried out to confirm the scale of the titanium-enriched mineral system.

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11 Jul 2023 10:26

Empire Metals shares surge on presence of ilmenite at Pitfield project

(Alliance News) - Empire Metals Ltd on Tuesday said it has confirmed the presence of ilmenite, a key titanium mineral, at its Pitfield mine in Western Australia.

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3 Jul 2023 10:46

IN BRIEF: Empire Metals sees high-grade titanium footprint at Pitfield

Empire Metals Ltd - London-based minerals explorer and developer - Says that maiden reconnaissance drilling programme confirms extensive titanium-rich minerals associated covering virtually the entire 40 kilometre by 8.0 kilometre magnetics anomaly found in September 2022 aeromagentic data at its Pitfield project, Western Australia. Empire Metals said Pitfield has the potential to be one of the largest primary titanium mineral sources in the world. Empire Metals notes that titanium is on the "critical mineral list" in countries including the US, EU, Japan and Australia.

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19 Jun 2023 10:06

Empire Metals annual loss narrows as Australian footprint grows

(Alliance News) - Empire Metals Ltd on Monday said its annual loss narrowed and its administrative expenses declined.

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30 May 2023 16:53

LONDON MARKET CLOSE: FTSE 100 in the red ahead of US debt ceiling vote

(Alliance News) - The FTSE 100 closed firmly in the red on Tuesday despite investors breathing a sigh of relief that an agreement had been reached between US President Joe Biden and House Speaker Kevin McCarthy to temporarily suspend the US debt ceiling.

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30 May 2023 16:22

Empire Metals reports very positive results from Pitfield drilling

(Sharecast News) - Empire Metals announced successful results from its maiden reverse circulation drill programme at the Pitfield Project in Western Australia on Tuesday, which confirmed the presence of a vast hydrothermal mineral system enriched in titanium and copper.

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30 May 2023 10:50

Empire Metals shares surge on 'giant' titanium and copper discovery

(Alliance News) - Empire Metals Ltd on Tuesday confirmed the presence of a giant-scale hydrothermal titanium and copper mineral system at its Pitfield project in Western Australia.

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30 May 2023 10:31

AIM WINNERS & LOSERS: Empire Metals surges on Pitfield results

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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26 Apr 2023 14:16

Empire Metals says exploration licence granted for Walton project

(Alliance News) - Empire Metals Ltd on Wednesday said an exploration licence for the Walton copper-gold-lithium project in Western Australia has been granted.

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26 Apr 2023 13:08

Empire Metals granted exploration licence for Walton

(Sharecast News) - Resource explorer and developer Empire Metals announced the granting of the exploration licence for the Walton copper-gold-lithium project in Western Australia on Tuesday, in which it holds a 70% interest.

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24 Apr 2023 17:26

TRADING UPDATES: Cobra ups Wudinna ownership; DX Group opens new sites

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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