REG - Empire Metals Ltd - Admission to Trading on OTCQB in the United States

Empire MetalsAnnouncement

14/03/2025 07:00

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RNS Number : 6449A  Empire Metals Limited  14 March 2025

Empire Metals Limited / LON: EEE / Sector: Natural Resources

 

14 March 2025

Empire Metals Limited

("Empire" or "the Company")

 

Admission to Trading on OTCQB in the United States

 

Empire Metals Limited (LON: EEE), the AIM-quoted resource exploration and
development company, is pleased to announce that its Ordinary Shares have been
approved to trade on the OTCQB Market ("OTCQB") in the United States of
America (the "US") and will commence trading at the market open today under
the ticker symbol "EMPLF".

 

The cross-trading of Empire Metals' ordinary shares on the OTCQB will provide
significant benefits to investors, including enhanced access to trading for
US-based investors and greater liquidity from a broader pool of potential
investors globally. By trading on the OTCQB, Empire Metals will engage
directly with US investors, providing them with the same level of information
and disclosure available to shareholders in the United Kingdom, but through
US-facing platforms and portals. Additionally, the OTCQB cross-trading
facility will enable US investors to access Empire Metals' ordinary shares in
US dollars, during US market hours.

 

Shaun Bunn, Managing Director, said: "Trading on OTCQB opens Empire Metals to
a new and diverse pool of potential investors in the US, who are keen for
exposure to strategic metals. Titanium is on the critical minerals list in
many countries, including the United States. The growing global demand for
titanium, particularly in industries like defence and aerospace, underpins our
objective to accelerate development at our Pitfield Project, the world's
largest known titanium discovery, towards commercialisation. Empire Metals is
working to become an industry disruptor by producing high-value titanium
pigments and/or titanium metal from a Tier 1 mining jurisdiction in Australia,
which we believe will drive strategic interest internationally from investors
and consumers alike.

 

"Trading on the OTCQB is an important component of this vision as we take
Pitfield to the international stage, offering investors a significant and
responsibly sourced pathway to gain exposure to this high-growth and
strategically important commodity.  The Company will be presenting to
investors in the US next week, as well as presenting at the Critical Minerals
North America conference on 20 March, and we are delighted to provide US
investors with the opportunity to invest in Empire Metals."

 

About OTCQB

 

The ability to trade Empire Metals' existing ordinary shares on AIM will
remain unaffected by the OTCQB listing, and no new shares will be issued.
Empire Metals will continue to make announcements and disclosures to the
London Stock Exchange via the Regulatory News Service and will not be subject
to Sarbanes-Oxley or US Securities and Exchange Commission ("SEC") reporting
requirements.

 

The OTCQB is recognised as an Established Public Market by the SEC.  To be
eligible for the OTCQB, companies must be current in their financial
reporting, meet a minimum bid price test, and undergo annual company
verification and management certification. As a verified market with efficient
access to US investors, OTCQB supports companies as they seek to build
shareholder value, enhance liquidity, and achieve fair valuation.

 

US investors can access real-time quotes, market information, and updates on
Empire Metals via www.otcmarkets.com.

 

Empire Metals has not yet made, and does not expect to make, a determination
as to whether it, or any of its subsidiaries, are Passive Foreign Investment
Companies ("PFIC") for U.S. tax purposes for any taxable year.

 

**ENDS**

 

For further information please visit www.empiremetals.co.uk
(http://www.empiremetals.co.uk) or contact:

 Empire Metals Ltd

 Shaun Bunn / Greg Kuenzel / Arabella Burwell                                            Tel: 020 4583 1440
 S. P. Angel Corporate Finance LLP (Nomad & Broker)                                      Tel: 020 3470 0470

 Ewan Leggat / Adam Cowl
 Shard Capital Partners LLP (Joint Broker)                                               Tel: 020 7186 9950

 Damon Heath
 St Brides Partners Ltd (Financial                                                       Tel: 020 7236 1177
 PR)

 Susie Geliher / Charlotte Page

 

About Empire Metals Limited

 

Empire Metals is an AIM-listed exploration and resource development company
(LON: EEE) with a primary focus on developing Pitfield, an emerging giant
titanium project in Western Australia.

 

The high-grade titanium discovery at Pitfield is of unprecedented scale, with
airborne surveys identifying a massive, coincident gravity and magnetics
anomaly extending over 40km by 8km by 5km deep. Drill results have indicated
excellent continuity in grades and consistency of the mineralised beds and
confirm that the sandstone beds hold the higher-grade titanium dioxide
(TiO₂) values within the interbedded succession of sandstones, siltstones
and conglomerates. The Company is focused on two key prospects (Cosgrove and
Thomas), which have been identified as having thick, high-grade, near-surface,
bedded TiO₂ mineralisation, each being over 7km in strike length.

 

A JORC Exploration Target* for Pitfield was declared in 2024, covering the
Thomas and Cosgrove mineral prospects, and was estimated to contain between
26.4 to 32.2 billion tonnes with a grade range of 4.5 to 5.5% TiO(2).
Included within the total Exploration Target* is a subset that covers the
weathered sandstone zone, which extends from surface to an average vertical
depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion
tonnes with a grade range of 4.8 to 5.9% TiO(2).

 

The Exploration Target* covers an area less than 20% of the overall mineral
system at Pitfield which demonstrates the potential for significant further
upside.

 

Empire is now accelerating the economic development of Pitfield, with a vision
to produce a high-value titanium metal or pigment quality product at Pitfield,
to realise the full value potential of this exceptional deposit.

 

The Company also has two further exploration projects in Australia; the
Eclipse Project and the Walton Project in Western Australia, in addition to
three precious metals projects located in a historically high-grade gold
producing region of Austria.

*The potential quantity and grade of the Exploration Target is conceptual in
nature. There has been insufficient exploration to estimate a Mineral Resource
and it is uncertain if further exploration will result in the estimation of a
Mineral Resource.

 

 

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