UK's Empire Metals annual loss narrows, cash position strengthens

Empire Metals

23/03/2026 07:12

Overview

UK mineral explorer posted no revenue and a narrowed annual loss of £3.54 mln for 2025

Company raised £11.5 mln in new equity, ending with £8.4 mln cash as of March 2026

Released maiden JORC mineral resource estimate for Pitfield project, confirming large titanium deposit

Outlook

Empire Metals plans resource expansion drilling and engineering studies at Pitfield in the next 12 months

Result Drivers

IMPAIRMENT CHARGES - Co reported charge of £29,041 under impairment of intangible assets, significantly lower compared to £1.35 mln a year ago

FUNDRAISING - Raised £11.5 mln to strengthen balance sheet and support Pitfield development

Company press release: ID:nRSW5839Xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY EPS
-GBP 0.005


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)