REG - Empire Metals Ltd - Eclipse Mining Licence Sale Extension

Empire MetalsAnnouncement

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RNS Number : 7065Y  Empire Metals Limited  31 March 2026

Empire Metals Limited / LON: EEE, OTCQX: EPMLF / Sector: Natural Resources

 

31 March 2026

Empire Metals Limited

("Empire" or "the Company")

 

Eclipse Mining Licence Sale Extension

 

Empire Metals Limited, the AIM-quoted and OTCQX-traded exploration and
development company, notifies the market that the sale of its 75% interest in
the Eclipse Mining Licence ("Eclipse ML") has been extended by one month to 30
April 2026, with the purchaser granted additional time to complete due
diligence following delays to drilling assay results.

 

The sale of Empire's 75% interest in the Eclipse ML is ongoing. The extension
reflects the following:

·    The purchaser has completed a drill programme, with a total of 10 RC
holes drilled for 514 metres.

·    Assay results have been delayed due to longer laboratory turnaround
times than anticipated, and the purchaser requires additional time to complete
their analysis.

·    As per the RNS dated 30 December 2025, A$50,000 non-refundable
deposit has been received, with the balance of A$700,000 due at settlement,
pending successful due diligence.

 

The Eclipse ML sale is consistent with Empire's strategy to divest non-core
assets and focus capital on the Pitfield Titanium Project.

 

Market Abuse Regulation Disclosure

Certain information contained in this announcement would have been deemed
inside information for the purposes of Article 7 of Regulation (EU) No
596/2014, as incorporated into UK law by the European Union (Withdrawal) Act
2018, until the release of this announcement.

**ENDS**

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

 Empire Metals Ltd                                              Tel: 020 4583 1440

 Shaun Bunn / Greg Kuenzel / Arabella Burwell

 S. P. Angel Corporate Finance LLP (Nomad & Joint Broker)      Tel: 020 3470 0470

 Ewan Leggat / Adam Cowl

 Canaccord Genuity Limited (Joint Broker)                      Tel: 020 7523 8000

 James Asensio / Christian Calabrese / Charlie Hammond

 Shard Capital Partners LLP (Joint Broker)                     Tel: 020 7186 9950

 Damon Heath

 Tavistock (Financial PR)                                      empiremetals@tavistock.co.uk (mailto:empiremetals@tavistock.co.uk)

 Emily Moss / Josephine Clerkin                                Tel: 020 7920 3150

 

About Empire Metals Limited

Empire Metals Ltd (AIM: EEE and OTCQX: EPMLF) is an exploration and resource
development company focused on the commercialisation of the Pitfield Titanium
Project, located in Western Australia. The titanium discovery at Pitfield is
of unprecedented scale and hosts one of the largest and highest-grade titanium
resources reported globally, with a Mineral Resource Estimate (MRE) totalling
2.2 billion tonnes grading 5.1% TiO₂ for 113 million tonnes of contained
TiO₂.

Titanium mineralisation at Pitfield occurs from surface and displays
exceptional grade continuity along strike and down dip. The MRE extends across
just 20% of the known mineralised footprint, providing substantial potential
for further resource expansion.

Conventional processing has already produced a high-purity product grading
99.25% TiO₂, suitable for titanium sponge metal or pigment feedstock. With
excellent logistics and established infrastructure, Pitfield is strategically
positioned to supply the growing global demand for titanium and other critical
minerals.

 

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