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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: 9.50
Bid: 9.30
Ask: 9.70
Change: 0.05 (0.53%)
Spread: 0.40 (4.301%)
Open: 9.45
High: 9.70
Low: 9.50
Prev. Close: 9.45
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UK TRADING UPDATE SUMMARY: Prime People Hurt As Covid Hits Job Market

Thu, 10th Sep 2020 16:01

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

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Prime People PLC - London-based recruiter - Says revenue for year ended March 31 fell 3.3% to GBP23.9 million from GBP24.7 million. Net fee income down 2.5% to GBP15.4 million from GBP15.8 million. Pretax profit 27% lower at GBP1.8 million from GBP2.5 million. Will not pay final dividend.

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Dev Clever Holdings PLC - careers guidance platform developer - Trading for year ending October 31 currently in line with internal expectations. Says agreements with Lenovo Group Ltd and Veative Labs Pte ltd are attracting "significant interest" from potential clients. Recently secured "largest commercial contract" worth USD1.2 million. Technology investor Asimilar Group PLC notes Dev Clever announcement.

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Iconic Labs PLC - media and technology firm - Completes data insights project for "multinational" consumer goods firm. Continuing to provide social content through JOE Media in UK as part of separate services contract. Adds it will not serve notice to lenders European High Growth Opportunities Fund to draw down funds as company is now "experiencing material growth in activity".

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Gfinity PLC - esports firm - Appointed by Cadbury to deliver Cadbury Heroes Parents League gaming tournament with final hosted by Gfinity in its Fulham site. Tournament consists of one gaming influencer playing alongside a parent. Gfinity paid "six-figure fee" to deliver tournament.

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Aeorema Communications PLC - London-based live events agency - Reports "encouraging" number of blue-chip client wins so far in 2020 and notes virtual events offering has grown. Affirms pretax loss for year to June 30 to be between GBP150,000 and GBP250,000.

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LoopUp Group PLC - cloud communications provider - Signs new deal with one of world's "top-five law firms". Says LoopUp meetings to be rolled out globally to client and it may end up being one of LoopUp's largest contract to date. Expands pacts with C&W Communications in Caribbean and Latin America which runs to financial 2022.

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Alpha FX Group PLC - London-based currency management firm - Says directors and senior management, including Chief Executive Officer Morgan Tillbrook, sell 3.8 million shares in total at 910 pence each.

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City Of London Group PLC - investment company - Subsidiary Recognise Financial Services Ltd progressing with banking licence application with Prudential Regulation Authority. City Of London plans to raise GBP30 million, GBP25 million through subscription with investor and GBP5 million in placing.

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CAP-XX Ltd - Australia-headquartered supercapacitors and energy management systems maker - Says fit out of Seven Hills factory largely complete. Output of supercapacitors with newly installed equipment to begin in October. Costs of project tipped to be below initial AUD5.3 million, GBP3.0 million, estimate. Expects to receive AUD3.3 million payment from Australian Taxation Office in fourth quarter of 2020.

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U&I Group PLC - London-based regeneration firm and investor - Secures GBP23 million in government funding for first phase of Mayfield project in Manchester. Seeing "good momentum" in larger projects and progress in smaller projects. Has 74% of June quarter rent either collected or subject to alternative payment arrangements. March quarter rent collection at 63%.

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Transense Technologies PLC - Bicester-based sensor systems provider - Agrees final fee for transfer of iTrack trading assets to Bridgestone Corp. Fee is USD1.3 million.

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Verditek PLC - London-based solar panel manufacturer - Receives notice of conversion of GBP100,000 worth of convertible loan notes.

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SDCL Energy Efficiency Income Trust PLC - energy efficiency investor - Buys UK energy efficiency portfolio from GET Solutions for initial GBP5 million, with potentially an additional GBP12 million to acquire follow-on pipeline of projects. Initial portfolio includes heat and power systems installed at Holiday Inn and Crowne Plaza hotels, owned by InterContinental Hotels Group PLC. Increases revolving credit facility with Investec Bank PLC to GBP40 million from GBP25 million.

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Westmount Energy Ltd - South America-focused energy investor - Purchases 1.6 million shares in JHI Associates Inc by issuing 18.3 million of own shares. Following investment, Westmount will hold 6.9% stake in JHI, an oil explorer focused on Guyana-Suriname Basin.

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Ascent Resources PLC - energy and natural resources company focused on Caribbean, Hispanic American and Europe - Appoints financial expert to assess total damages for claim against Slovenia of unfair treatment at Petisovci field. Continuing talks with Cuban National Oil Co over onshore producing block 9B and onshore blocks 9A, 12 and 15.

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Greatland Gold PLC - base metals exploration firm with asset in Australia - Says results from drilling of Northern Breccia zone of Havieron, Australia were "excellent". On track to deliver Havieron initial resource in fourth quarter of 2020. Western Australian Department of Mines, Industry Regulation & Safety grants mining licence for gold and copper asset.

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Arkle Resources PLC - Irish Gold and Zinc resources discovery company - Commence drilling at 23%-owned Stonepark zinc project.

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Union Jack Oil PLC - UK focused onshore conventional hydrocarbon production - Notes speculation over potential fundraise. Says West Newton drilling and expenditure currently funded. But adds any proceeds from potential fundraise to be used to further company projects. On track for first oil at Wressle in fourth quarter of 2020.

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BlueRock Diamonds PLC - diamond mining company with asset in South Africa - Recovers 9.7 carat diamond at Kareevlei, South Africa worth USD75,000 according to initial independent assessment. Second high value stone recovered at asset during quarter, BlueRock said.

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Strategic Minerals PLC - battery materials minerals company with asset in Australia - Says programme for environment protection and rehabilitation at Leigh Creek copper mine lodged with South Australian government. Expects approval before year end and full scale operations to begin in 2021.

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Empire Metals Ltd - exploration and development company with asset in Australia - Raises GBP1.3 million in placing with net proceeds primarily used to fund work at Eclipse gold project, Australia.

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Bacanora Lithium PLC - lithium exploration and development company with asset in Mexico - Says bulk sampling at pilot plant of Sonoro project, Mexico have been completed. On schedule to commence initial site works at Sonoro in second half of 2021 and begin output in 2023. Cadence Minerals PLC notes announcement.

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Tri-Star Resources PLC - minerals processing firm - Delays interim results by one month.

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Panther Metals PLC - Canada-focused mineral explorer - Reports strategic taking of 28 mining claims bordering its Big Bear gold project, Canada.

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Dekel Agri-Vision PLC - West Africa focused agriculture company - Reports 3.6% annual increase in crude palm oil output at Ayenouan project, Cote d'Ivoire. Output in August up to 1,551 tonnes from 1,497 tonnes.

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Science Group PLC - Cambridge-based scientific consultancy group - Reports recovering in trading during summer months, particularly at Frontier unit. As of September 1, all staff back from furlough. Expects adjusted operating profit for 2020 to be in line or possibly slightly ahead of original expectations. To pay an interim dividend of 2.0 pence.

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Speedy Hire PLC - Merseyside-based equipment hire company - Says revenue has improved in recent months as lockdowns ease and economic activity picks up. Pre-disposals, revenue is roughly 23% lower annually in year to date. Overhead costs reduced year-on-year with staff numbers cut roughly 7% to 3,222 at the end of August from 3,464 at the end of March. Further 50 staff members placed at risk of redundancy in September and further 200 remained furloughed at August end.

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John Menzies PLC - aviation services firm - Revises covenant structure with lenders. Says new package provides "additional flexibility". Net leverage covenant replaced with a minimum earnings before interest, tax, depreciation and amortisation quarterly covenant test. Says trading has remained challenging but notes flight schedules picking up. Says first-half revenue declined by a third at constant currency.

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Victoria PLC - Worcestershire-headquartered flooring firm - Says trading "resilient" since July market update as demand recovering.

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ReNeuron Group PLC - cell-based therapeutics firm - Dosing has begun in US trial of hRPC cell therapy candidate in retinitis pigmentosa retina disorder trial.

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Benchmark Holdings PLC - biotechnology company - Says Committee for Medicinal Products for Veterinary Use, part of European Medicine Agency, recommends inclusion of BMK08 as an allowed substance. Benchmark says this is an important step on way to launch of BMK08 and CleanTreat water purification system.

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Zoetic International PLC - CBD company - Secures second international distribution agreement for Chill brand of tobacco alternative CBD product. Agreement means product now available in 15 markets across European Union.

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Vintana PLC - cash shell - Shares cancelled as unable to seal a reverse transaction before deadline. Currently working with potential takeover target but talks in early stages.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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25 Oct 2022 10:44

AIM WINNERS & LOSERS: Scancell signs deal; Empire Metals seeks copper

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25 Oct 2022 10:41

Empire Metals shares soar as review reveals Pitfield potential

(Alliance News) - Empire Metals Ltd shares surged on Tuesday, as the firm shared a very promising update on its Pitfield copper-gold project in Western Australia.

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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.

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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.

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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.

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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.

Read more
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.

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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.

Read more
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.

Read more
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.

Read more
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.

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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.

Read more
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.

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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.

Read more

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