Member Info for Manlord

Element,

I’d converse with you in detail but given you just stated the following, I’m going to pass as your thoughts are so far from reality, it’s actually pointless trying to engage.

“50–60% dilution ahead to fund at PFS”

I wish you well

ML

Hi RedRed,

Good to have your perspective here on the real world applications, uses and costs.

ML

“Social media is not a reason to invest. Neither is hope”

Which is why we’ve invested on fundamentals.

Given your continued and unfounded negativity towards Empire, I’d suggest you spend some time reading and educating yourself on the FACTS Element.

23/03/23

Maiden Drilling Campaign at Pitfield Project

03/07/23

High Grade TiO2 over entire 40km system

29/08/23

Potential for Higher Grade Titanium at Pitfield

13/11/23

Extensive Ti Mineralisation across Giant Pitfield System

20/11/23

Thick High Grade Ti Mineralisation Intercepted

29/11/23

Highest Grade Results reported to date at Pitfield

19/12/23

Drill Results, Additional High Grade Titanium

22/01/24

Saudi Strategic Investor Lead Placing to Raise £3 Million

06/02/24

Appointment of Process Development Manager

05/03/24

Favourable Metallurgical Characteristics Confirmed

27/03/24

Pitfield Development Plan

25/04/24

Drill Results Confirm Widespread High Grade TiO2

15/05/24

Higher Grade Mineralisation Identified

05/06/24

Major New Titanium Mineral Discovery

22/08/24

High Purity Anastas Confirmed Within Weathered Cap

04/09/24

Positive Results from Initial Processing Test Work

25/09/24

Environmental Studies to Commence at Pitfield

30/09/24

Oversubscribed Placing to Raise £2.5 Million

07/11/24

Positive Drilling and Metallurgical Update

09/12/24

Exceptional Test Work Results Achieved at Pitfield

23/01/25

Appointment of World Renowned Mining Executive to Board

13/02/25

Significant Progress Achieved on Process Flow Sheet

17/02/25

Major Drilling Campaign to Commence at Pitfield

10/03/25

High Purity TiO2 Product Achieved

14/03/25

Admission to OTCQB

28/04/25

Extensive High Grade Titanium Zones Confirmed

23/05/25

£4.5 Million Subscription by Institutional Investors

02/06/25

Major Drilling Campaign Targeting Maiden MRE

09/06/25

Exceptional High Purity TiO2 Product Achieved

16/06/25

Team Expansion and Bulk Metallurgical Testing Commences

28/08/25

Breakthrough in Process Development

03/09/25

Empire Upgrades to OTCQX

12/09/25

Directors Shareholding Increases

17/09/25

Appointment of Marketing Manager

24/09/25

Inclusion in FTSE AIM 100 Index

14/10/25

MRE Confirms World Dominant Titanium Discovery

30/10/25

Placing to Raise £7m

Should be enough to keep you busy. Let me know how you get on Element.

Progress is and has been monumental. See you next Summer for a mid- year review.

ML

Correction in my latest post - apologies.

The ASX listing in “H1” next year looks like a really smart move.

Hopefully late H1 with some feasibility studies completed or soon to be.

ML

As most know I’ve been asking, hoping, reminding the company about the ASX since Feb 24 when I had it as a specific topic of discussion with SB so I’m most pleased about that update. The ASX listing in Q1 next year looks like a really smart move. The Aus market has a massive pool of sophisticated investors who actually understand mining and critical minerals plays. It’s a different world to the AIM market where funds and HNW investors there are used to backing exploration/development/producing projects and are not afraid of early stage risk when the upside is clear.

For a company like us, it means access to much deeper capital, a bigger investor base, and a market that genuinely values these types of assets properly. The ASX is full of billion dollar resource companies that started out at small cap level, and the valuations are often stronger because investors know how to price future resource potential, not just current revenue of which we have none to date.

It also brings more liquidity and visibility, which tends to lift the market cap as more institutional money can come in. Basically, it’s putting Empire on the right platform to scale up and get the kind of recognition and valuation the Pitfield project deserves.

Ignore the noise and invest in wagons - they will be circled soon.

My opinion hasn’t changed one bit - I’m thinking LT, nothing else.

GLA

ML

And proves the quality of the board and our mgt team.

Anyone who attempts to see this as anything other than very positive news has ulterior motives. I’m struggling to think of even 1 other company on AIM who have achieved similar funding THIS ENTIRE YEAR.

Patience is required during what has been an easy time for some to criticise the company but like all times previous - SB will prove his doubters wrong.

ML

As I was saying, the geopolitical importance of critical minerals should not be underestimated.

Nice mention for Empire. Saudi and our strategic investor Mr.Tamini may have a part to play going forward.

https://www-cnbc-com.cdn.ampproject.org/c/s/www.cnbc.com/amp/2025/10/28/rare-earths-mining-firms-embrace-bumper-interest-from-the-middle-east.html

This is the real world focus and it’s only a matter of time before we are involved directly.

ML

"Going into 2026, the team is focused on setting up continuous piloting and we're going to try and look at how we can leverage off the local industry here."

The development approach emphasises leveraging existing infrastructure and capabilities rather than building everything internally. This strategy reduces both capital requirements and development risks while accelerating the path to production. The company's track record of meeting or exceeding announced milestones provides additional confidence in the proposed timeline.

Scoping and pre-feasibility studies will run in parallel with piloting activities, enabling rapid progression through traditional development phases. This integrated approach reflects modern project development best practices and positions Empire Metals for efficient capital deployment.

For those who haven’t reviewed the company timelines, it’s important to be aware of the FACTS rather than listening to others who make up stories to suit their trading position.

The next 9 months should be even more transformative than the last 9 months WHICH HAVE BEEN INCREDIBLE.

Up 500% in 12 months

Up 1000% in 24 months

xxxx% in 36 months.

It’s a tough choice I can see :-)

HTTps://youtu.be/eAaMy7JAjgE?si=VuOlGrIRYa2S4st1

ML

This is the future!

https://www.linkedin.com/posts/rogeratkins_rareearths-supplychains-batteries-activity-7383801059389128704-DkGy?utm_medium=ios_app&rcm=ACoAAAf7tiYB_f_0iCqUItGnPP3DD_AmTXPhyQA&utm_source=social_share_send&utm_campaign=copy_link

ML

SB is fully focused on our MRE being converted to ore reserves. We’ll then release the PFS / DFS, presumably with very strong economics. Offtskes have been mentioned multiple times and maybe then discussions or NDAs with majors begin? 2026 will be very exciting for shareholders. Forget discussing 39p or back 50p, oh no, who sold 250k shares, it’s all inconsequential in the grand scheme of things. If the daily and weekly are inportant to you, then I would ask why are you not thinking with the bigger picture in focus? If you have short term exit needs, then that’s fine, but if that’s the case, we’ll definitely have different views on the current status of Empire and a different opinion on their current performance. It’s just one of those things as everyone has different wants and needs from their holdings.

The development of Pitfield since May 2023 have been nothing short of impeccable and seriously impressive. It won’t suit everyone, we can certainly see that, but the prize is not a market cap in the hundreds of millions, it way beyond that IMHO.

GLA

ML

Post rec’d UKM,

If we can progress Pitfield and convert our resource into proven ore reserves, a buyout by a major becomes very realistic. Once we move beyond exploration into a defined, economically mineable reserve with feasibility data, larger companies start paying serious attention, and given our board members reputations and experience in such matters, many will be watching with interest as to how the next 9 months go.

With a JORC compliant reserve, completed PFS/DFS with credible capex and opex and permits secured, Pitfield becomes a de risked, large scale, strategic titanium asset. It’s not “if anyone will be interested” it’s “who moves first.”

Majors like Rio, BHP, Iluka, Tronox, or even INEOS for example could have different motives for engaging with SB & Co. Some would want secure feedstock for their processing plants, others would act to prevent competitors locking up a a tier 1, friendly TiO2 source. Most of the majors above with existing processing and export capacity could integrate Pitfield easily into their current business, so no worries there.

A deal would usually start as a farm-in or JV, then into full takeover once they are confident in scale, metallurgy, and economics which were planning to have confirmed by mid 2026. It’s only around the corner.

In terms of numbers, resource stage projects can reach billions in value. Take Tronox’s acquisition of Cristal’s TiO2 business in 2019 for $2.2b, it clearly shows how valuable high-quality feedstock can be and Pitfield is set to outshine that in every way possible.

Whilst that all sounds great, alternatively, with full ore reserves, we would just a likely have government backing or funding to go it alone. People think this isn’t possible given our size, but it certainly is. Given the tier 1 jurisdiction and likely political support for titanium, taking full control independently, possibly with a part JV could make more sense than giving away the crown jewels

Century’s 30% stake is valuable. It helps “circle the wagons” to push any potential offers higher and prevent sneaky takeover bids. Parking my minor idealistic Century views aside, it’s better for Century to remain involved. Once a major starts serious due diligence, the chance of less than full value being offered is almost zero. It’s a matter of time, not if it happens and it could be a frenzy of activity. This is a unicorn deposit afterall, not a run of the mill beach sands operation.

CTD…

Quote from mining expert on LinkedIn

“ The Pentagon is going long on miners.

The #Trump administration has instructed the #DepartmentofWar to take a 10% stake in Trilogy Metals Inc. and to help fund South32’s Arctic copper and zinc project in Alaska. This follows a 5% equity position in Lithium Americas Corp. earlier this month.

Alongside that, the #Pentagon and the U.S. Department of Energy (DOE) have deployed billions across #NorthAmerican projects including MP Materials, Graphite One Inc., Electra Battery Materials Corporation, Lynas Rare Earths Ltd and Perpetua Resources.

#Washington is no longer acting as a passive supporter. It is behaving like a strategic investor, using equity, grants and loans to secure the metals it needs for defence and industry. While #Canada is taking a more cautious path, offering grants and fast-track approvals but stopping short of direct ownership.

The real question is whether we are entering an era where mineral financing becomes an instrument of state policy. When the government starts taking equity, the market stops being neutral.

#US #criticalminerals #mining”

Global politics and national security will play a part in Empires future funding. I’m convinced of it.

ML

Enjoy the trip JT.

Well said 👍🏼

ML

Hey TJ, I’ve got green boxes all over the place at the moment, but since you replied to the thread, just checking, was it me you were referring to? If so, I can confirm I do not work for Empire Metals!

Haha I wish I did though, but sadly not. I currently work a 7 till 10 but get paid a 9 till 5, spend 90 minutes a day crawling around what must be the worst city ring road in Europe (M50 Dublin), and get to enjoy nine months of cold rain every year 😃

So no, I’m definitely not working for Empire Metals, although I’d happily trade places with anyone heading into summer in WA.

Now, on the subject of the chat here, the level of utter rubbish written by some, who flip-flop up and down to suit whatever narrative they’re chasing, is outrageous. I’m absolutely on the side of positive, reasoned discussion, because Empire is clearly on a positive trajectory. I don’t think anyone can argue otherwise and if they do, we’ll……….

I’ve referenced the challenges and potential pitfalls plenty of times before, but the truth of the matter is that Empire have recently (3 years) found the world’s biggest titanium play. The simple facts are that it’s a positive time for the company. So yes, guilty as charged for being in favour of what’s ahead for the company and its shareholders.

It’s always been a long term play measured in years, not days, and nothing has changed. The share price has climbed from sub 1p to now 40p, giving a very healthy return for me personally which I could ride off into the sunset, but this is far from my exit point based on being nowhere near my planned exit timeframe or similar exit point in terms of company development.

The funny thing is, some of the same people who were happily talking it up and had similar positivity last week did a full 180 minutes after the MRE and started talking it down, and then some flipped again to suit their purchases. They are not discussing the company fundamentals, they are momentum trading, which is a different type of shareholder. It’s irrelevant to me what they say, but for less experienced holders, it can be quite unsettling, especially when fear is manufactured and driven by those who then act like nothing happened once it recovers.

It’s laughable to think these people are the ones offering clarity or honest commentary. We’ve all seen them. You know who they are. I’ve got them green boxed now, 35 of the last 70 posts, in fact.

Anyway, hope that answers your question, TJ. Good luck with your investment, and let’s hope we’re sitting a lot higher this time next year. All signs suggest that could very well be the case.

2 hour meeting now on budget planning 2026, let’s hope this time next year I’m not in charge of budget planning 2027 😂

Enjoy your weekends all.

ML

“Workshop”

Arghhh! Sorry Cev 😜

ML

“Soft rock”

ML

Hi Danno,

It’s of course a possibility but from what I can see I don’t think we really are a direct competitor to Iluka. Iluka’s operations focus on heavy mineral sands like ilmenite and rutile, while Pitfield is a hard rock system with very different geology and processing needs.

Iluka’s plants are primarily designed for mineral sands, not the material we’re is working with, but could certainly adjust their process to meet requirements. It’s not one or the other if you get me.

In reality, there’s strong potential for synergies, not competition. Im hoping we can ultimately produce a beneficiated titanium concentrate that complements Iluka’s feedstock mix. That would increase Iluka’s throughput and revenue while giving us a ready made processing route, a win-win rather than a rivalry.

Iluka supplies raw feed to third parties (pigment producers, metal refiners whereas we will be focused (hopefully) on producing a value added titanium concentrate ready for use or toll refining, effectively a step further down the value chain - different type of customer.

In some ways it’s a competitor, but not really.

Like a premium car dealership with a 6 bay valet area, they get approached by the used car dealership down the road to have their cars valeted. Both sell cars but aren’t competing directly against each other. The used car guy saves on capex opening his valet bays and the premium dealer is now at workbsy capacity and selling far more workshop hours.

Only example I can think of sorry.

ML

There’s also the wider context as government frameworks like the AUKUS Critical Minerals agreement and WA’s Strategic Minerals Infrastructure Fund favour integrated processing and collaboration. There has been so much media discussion on this in the last week alone. Partnering with Iluka could unlock shared infrastructure, reduce environmental footprint, create local jobs, and strengthen WA’s strategic critical minerals position.

The logistics are a no brainer. 40km is a short haul - I’d ask ArticDriver but he’s filtered 😆

So transport costs would be minimal, and other shared infrastructure is possible, power, water, chemical storage, tailings handling, even workforce and training efficiencies. The advantages and savings would be P&L worthy.

On the R&D side, there’s genuine upside. Iluka’s expertise in leaching and solvent extraction could complement our unique approach to liberating ultra high purity TiO2. Joint testwork could improve recovery, optimise processes, and maybe even develop hybrid products for green tech, EVs, or aerospace which I covered recently too.

In summary I don’t see us as competing companies , more so we’d complement Iluka. They get extra throughput, revenue, and strategic credibility. Empire gets low cost access to world class refining and a fast path to market.

Fair play again to Wild Bill and Andorbea for connecting the dots. This could quietly turn into a serious strategic advantage and a meaningful link between two major players in WA’s critical minerals scene.

Ignore the noise and focus on the real world company development.

ML

Thanks to Wild Bill on ADVFN for flagging this one with me, as I’d completely missed it, and also to Andorbea for initially suggesting it as a discussion topic and laying out his thoughts, I had mentioned this on the Telegram group way back when but it’s as good a time as any to reiterate the potential opportunity to tie up with Iluka.

Their newly planned Eneabba refinery, set to be open in 12-18 months sits about 280km north of Perth, and with Pitfield being relatively close near the Three Springs town, we are around 313km north, so roughly 40km apart by road along the highway. In WA terms, we’re very close neighbours. Both located in the Mid West corridor which you’ve heard SB mention the mid-west wheat belt many times, connected to the same power, water, and transport infrastructure, not far from Geraldton Port which again I’ve mentioned previously.

So the big question is, would Empire be competition to Iluka, or could a tolling arrangement actually make sense? That’s the crux of the debate.

From Iluka’s perspective there are pros and cons. The upside is obvious, if Eneabba has spare capacity after commissioning, taking our feedstock could boost utilisation and generate predictable revenue through tolling fees, without the headaches of new product marketing. It diversifies Iluka away from single product risk and strengthens their regional presence. There’s also a huge strategic angle, government and offtake partners want more local processing, so hosting our Pitfield product could score points politically and open up potential grant or funding opportunities.

The potential downsides are manageable IMO but need to be referenced. If our product directly competed with something Iluka plans to market, there could be some cannibalisation. They would also need to manage technical risk if feedstock chemistry is tricky or carries contaminants but were told endlessly by SB, that our product is in fact the opposite. Operationally it would require coordination, but that’s far from a deal breaker given their experience with titanium mineral sands.

From our side, the advantages are huge. Building a standalone refinery would have big capex and time constraints but again SB says continuous piloting is available via multiple commercial size labs. Toll processing at Eneabba could theoretically cut 40% to 60% of capex, accelerate our first sales, and tap directly into a proven processing network. With Eneabba and Pitfield both coming online around 2027, the timing could line up perfectly. Certainly something I’d expect SB to be aware of and investigating, Iluka too for that matter.

CTD….

This share is being played like a fiddle.

Imagine trying to trade it “successfully” 🙄

Makes you wonder how all these people tell you they sold the top and bought the low over & over and all at the same times 😂🤦🏻‍♂️

Frustrating to watch for the majority but ever so interesting to sit back and watch it play out. I couldn’t think of anything less appealing than to try to time this again and again and get it right all the time, one wrong move and you’re out.

Up 13% and now flat! It’s not a coincidence that’s for sure.

ML