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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
20 Jun 2022 13:26

Empire Metals starts exploration at Pitfield copper-gold project

(Sharecast News) - Empire Metals announced the start of exploration activities at the 615 square kilometre Pitfield copper-gold project on Monday, located in Western Australia.

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20 Jun 2022 11:03

IN BRIEF: Empire Metals commences exploration at Pitfield project

Empire Metals Ltd - minerals exploration and development in Australia - Commences exploration activities at the Pitfield copper-gold project in Western Australia, starting with an airborne electromagnetic survey and an airborne magnetic across the Pitfield tenement area.

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6 Jun 2022 12:10

TRADING UPDATES: Nanoco ups outlook; Seeing Machines wins deal

(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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16 May 2022 13:44

Empire reports drilling results from Eclipse Gold Project

(Sharecast News) - Empire Metals announced the assay results of the diamond drill programme at the Eclipse Gold Project in Western Australia on Monday.

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16 May 2022 12:05

Empire Metals says drilling confirms gold mineralisation at Eclipse

(Alliance News) - Empire Metals Ltd on Monday said recent drilling at the Eclipse gold project, Western Australia, has confirmed gold mineralisation.

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28 Apr 2022 11:36

IN BRIEF: Empire Metals raises GBP1.7 million to accelerate drilling

Empire Metals Ltd - minerals exploration and development in Australia - Places new shares to move faster on drilling. Raises GBP1.7 million through placing 85.0 million new shares at 2 pence each. The net proceeds will be used to accelerate drill programmes at the Eclipse and Gindalbie gold projects in Western Australia, scheduled for the third and fourth quarter. "Empire is now fully funded for the expanded drilling campaigns targeting the high-grade discoveries at Eclipse and Gindalbie and for further regional exploration activities across the recently acquired copper-gold projects at Pitfield, Stavely and Walton," Empire says.

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6 Apr 2022 11:15

Empire Metals acquires 70% stake in three Australian projects

(Alliance News) - Empire Metals Ltd on Wednesday purchased a 70% stake in three "highly prospective" Australian-based copper-gold projects from Century Minerals Pty Ltd.

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30 Mar 2022 16:06

LONDON MARKET CLOSE: FTSE 100 keeps head above water on oil strength

(Alliance News) - The FTSE 100 was able to outperform European peers on Wednesday - a reversal from Tuesday - as the commodity-heavy index was getting a lift from oil companies and miners.

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30 Mar 2022 13:14

Empire Metals surges on recent drilling results

(Sharecast News) - Empire Metals updated the market on the reverse circulation drilling programme recently completed at the Gindalbie Gold Project in Western Australia on Wednesday, over which it holds a tribute agreement granting exploration, development and mining rights.

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30 Mar 2022 10:06

AIM WINNERS & LOSERS: Belluscura in China pact; Team17 warns on costs

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

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30 Mar 2022 09:56

IN BRIEF: Empire Metals rises on high-grade intercepts at Gindalbie

Empire Metals Ltd - London-based exploration and development company focused on Australia - Completes reverse circulation drilling at its Gindalbie Gold project, Western Australia. Empire Metals holds the exploration, development and mining rights for the project. Company says four roles drilled the Homeward Bound target returned three "very high-grade" intercepts. Intercepts at the target include: 5 metres at 8.99 grams per tonne of gold from 31 metres downhole, 3 metres at 8.96 grams per tonne of gold from 98 metres downhole and 3 metres at 9.88 grams per tonne of gold from 46 metres downhole.

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17 Mar 2022 20:35

IN BRIEF: Empire Metals hails recent drilling at Eclipse asset

Empire Metals Ltd - Gold and copper miner with assets in Australia, Georgia and Austria - Drilling at Eclipse gold project spots gold mineralisation found to extend over strike length of more than 200 metres. "Seven RC holes for a total of 960m have been completed so far, focused mainly on demonstrating that the gold mineralisation persists at depth around the Eclipse shaft and Jack's Dream shaft, and to test for continuity along strike to the south-east," Eclipse says.

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24 Feb 2022 14:47

IN BRIEF: Empire Metals shares rise as it starts drilling at Gindalbie

Empire Metals Ltd - Gold and copper miner with assets in Australia, Georgia and Austria - Signs tribute agreement with Maher Mining Contractors Pty Ltd for Gindalbie gold project located near Gindalbie, Australia.

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8 Feb 2022 18:10

TRADING UPDATES: Mattioli reaches record client assets in first half

TRADING UPDATES: Mattioli reaches record client assets in first half

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28 Jan 2022 21:20

IN BRIEF: Empire Metals notes results from Central Menzies drilling

IN BRIEF: Empire Metals notes results from Central Menzies drilling

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