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Share Price: 7.30

Bid: 7.20

Ask: 7.40

Change: -0.10 (-1.35%)

Spread: 0.20 (2.778%)

Open: 7.40

High: 7.40

Low: 7.30

Prev. Close: 7.40

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IN BRIEF: Empire Metals sells Georgian Copper & Gold 50% stake

Thu, 10th Jun 2021 14:33

Empire Metals Ltd - London-based resource exploration and development company - Completes sale of its 50% interest in Georgian Copper & Gold for USD3.3 million in cash.

Managing Director Shaun Bunn comments: "Having now completed the sale of our 50% interest in GCG our cash at bank now sits at a healthy GBP3.1 million, putting us in a strong financial position to continue to create shareholder value principally from the Eclipse and Central Menzies Gold Projects in Western Australia."

Empire Metals' primary focus is on the Eclipse and Central Menzies gold projects in Western Australia but it also holds a portfolio of three precious metals projects in Austria.

Current stock price: 2.99 pence, down 2.0% Thursday afternoon

Year-to-date change: down 21%

By Will Paige; willpaige@alliancenews.com

More News

25 Oct 2022 08:56

LONDON MARKET OPEN: HSBC drags FTSE 100 lower; sterling awaits Suank

(Alliance News) - London's FTSE 100 was struggling to find its footing on Tuesday morning, with HSBC sinking more than 5%, while local investors wait for the new UK prime minister to announce his Cabinet.

21 Sep 2022 21:55

IN BRIEF: Empire Metals posts encouraging survey results

Empire Metals Ltd - London-based minerals explorer and developer - Says the airborne electro-magnetic survey at its Pitfield copper-gold project in Western Australia identified a suite of anomalous conductive features. Confirms that the Yandanooka Basin contains "geological features" that make it an attractive copper exploration target.

14 Sep 2022 14:09

IN BRIEF: Empire Metals swings to loss on lack of disposal gain

Empire Metals Ltd - London-based minerals explorer and developer - Swings to a pretax loss of GBP588,808 for the six months to June 30, from a profit of GBP682,770 a year earlier, as a result of a gain of GBP1.8 million derived from the prior year's sale of Georgian Copper & Gold JSC.

18 Aug 2022 12:07

Empire Metals identified 'significant structure' at Pitfield

(Sharecast News) - Resource explorer and developer Empire Metals announced the identification of a "significant structure" after an airborne magnetic survey in June at the Pitfield Copper-Gold Project in Western Australia.

18 Aug 2022 10:48

Empire Metals rises on Pitfield airborne magnetic survey results

(Alliance News) - Empire Metals Ltd shares were lifted on Thursday, as new survey results pointed to the possibility of copper and magnetite at Pitfield in Western Australia.

16 Aug 2022 17:33

IN BRIEF: Empire Metals reports intercepts from Eclipse-Ginalbie

Empire Metals Ltd - London-based minerals exploration and development in Australia - Following the reverse circulation drilling programme completed at the Eclipse-Gindalbie gold project in Australia, several holes have discovered significant intercepts at the Homeward Bound, Budd's Find and Bulletin targets.

16 Aug 2022 15:06

Empire reports multiple significant intercepts from recent drilling

(Sharecast News) - Resources explorer and developer Empire Metals reported multiple "significant" intercepts from the reverse circulation drilling recently completed at the Eclipse-Gindalbie gold project on Tuesday, 55 kilometres north-east of Kalgoorlie in Western Australia.

24 Jun 2022 12:22

Losses widen slightly as Empire Metals aggressively expands

(Sharecast News) - Empire Metals updated the market on its full year of operations on Friday, after it 'significantly expanded' its exploration footprint across "highly prospective" areas of its target jurisdiction in Australia, as its loss for the year widened slightly to £0£0.59m from £0.57m.

24 Jun 2022 09:12

IN BRIEF: Empire Metals posts wider loss in 2021 as admin expenses up

Empire Metals Ltd - London-based minerals exploration and development in Australia - Reports wider loss in 2021 as administrative costs surge. Pretax loss worsens to GBP2.3 million from GBP953,769 in 2020. Administrative expenses increase to GBP1.9 million from GBP958,694. Part of administrative costs are fees of GBP438,059 paid in shares in 2021, compared to nothing in 2020, plus a share option expense of GBP473,336 in 2021, compared to GBP14,118 in 2020.

22 Jun 2022 14:41

IN BRIEF: Empire Metals starts drilling at Eclipse-Gindalbie project

Empire Metals Ltd - minerals exploration and development in Australia - Starts reverse circulation drilling at the Eclipse-Gindalbie gold project in Western Australia. The campaign consists of over 3,290 metres of drilling across 26 drill holes to target high grade mineralisation.

22 Jun 2022 13:14

Empire Metals starts new drilling at Eclipse-Gindalbie

(Sharecast News) - Empire Metals announced the start of its next campaign of reverse circulation (RC) drilling at the combined Eclipse-Gindalbie gold project in Western Australia on Wednesday.

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.

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.

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:

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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IN BRIEF: Empire Metals sells Georgian Copper & Gold 50% stake

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