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EEE Empire Metals Limited

7.25
0.15 (2.11%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Empire Metals Limited LSE:EEE London Ordinary Share VGG3036T1012 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.15 2.11% 7.25 1,613,587 09:00:08
Bid Price Offer Price High Price Low Price Open Price
7.10 7.40 7.25 7.10 7.10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores -1.16M -0.0019 -38.16 42.52M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:27:13 O 13,614 7.316 GBX

Empire Metals (EEE) Latest News

Empire Metals (EEE) Discussions and Chat

Empire Metals Forums and Chat

Date Time Title Posts
27/7/202400:18EMPIRE METALS 2024 - An Unprecedented Discovery1,373
26/7/202409:20EMPIRE METALS 2023 - MAJOR DISCOVERY ON A GLOBAL SCALE11,130
24/7/202411:55Empire Metals "Be Careful Now" 4,415
05/7/202413:01loans5
25/3/202408:18New Name hopefully better end game79

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Empire Metals (EEE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:27:147.3213,614996.00O
2024-07-26 14:54:467.125,810413.38O
2024-07-26 14:52:057.1226118.57O
2024-07-26 14:44:007.20101,5647,312.61O
2024-07-26 14:08:137.326,782496.44O

Empire Metals (EEE) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Empire Metals Daily Update
Empire Metals Limited is listed in the Gold Ores sector of the London Stock Exchange with ticker EEE. The last closing price for Empire Metals was 7.10p.
Empire Metals currently has 598,850,524 shares in issue. The market capitalisation of Empire Metals is £43,416,663.
Empire Metals has a price to earnings ratio (PE ratio) of -38.16.
This morning EEE shares opened at 7.10p
Posted at 12/7/2024 14:35 by klosters65
It is annoying that the share price seems to depend upon news releases. It is as thou no one really comprehends the size and value of the discovery. Rio Tinto should dump Sovereign Metals and start talking to Shaun Bunn , CEO of EEE.
Posted at 09/7/2024 14:21 by geko5trade
OneDayRodders, Your story isn't dissimilar to mine. The company formed part of my portfolio in its previous incarnation. When the market turned I cut fairly ruthlessly anything that smacked of career management, dodgy jurisdictions etc. EEE still ticked boxes as a very promising speculative investment and tempted me to take a decent position as a contrarian play. Hence a very low share price At first I liked SB's commitment to western australian jurisdictions and thought the positives of getting out of Georgia - the very thing that was sending the price down - outweighed the negatives. When I realised he had ambition to build scale the company ticked another major box. I think we were all thinking copper back then and it's fascinating to go back through the progression. I'm glad they have 'parked' the copper and definitely right not to spend cash on that right now. Having said that there must be copper there, SB and team have stated that, and almost certainly in quantity. Some of the early grabs, as you say, were exceptionally promising. Sentiment with speculative stocks is very mercurial and the switch of focus from Cu to Ti was perceived as a negative. Now the market is beginning to wake up to the opportunity. But one day as potential income streams from Ti are proven one could well see the promise of Cu resurface as a driver. It might take time but let's face it they aren't likely to run short of Ti any time soon!
Posted at 09/7/2024 09:38 by klosters65
Rodders - that is a lot of wisdom and sense for a Peckham boy. I'm sure you'll make some serious dosh – at some point and well done getting in so low. Rio Tinto are investing in a Sovereign Metals Limited titanium project in Malawi. EEE in Western Australia would seem to have a superior project. If Rio Tinto started sniffing around then you would see the share price shift.
Posted at 25/6/2024 10:50 by apotheki
SP Angel . Morning View .

Empire Metals* (EEE LN) – Industry presentation highlights growing appetite for natural rutile products

Empire Metals hosted a ‘Titanium Breakfast’ presentation last week, with industry expert Gerry Colamarino.

Managing Director Shaun Bunn provided an update on the Company’s large-scale, sedimentary hosted Pitfield titanium project.

The Company has recently identified a shallow-lying, weathered body dominated by Rutile and Anatase.

The TIO2 minerals are believed to have been weathered into form from titanite, which makes up the majority of mineralisation in the lower-lying bedrock.

Empire’s focus is currently on developing a processing route for the higher-value rutile/anatase, given its easy access for cost-effective strip mining at bulk scale.

The sector presentation highlighted the various products utilized in the industry, ranging from sulfate and chloride feedstocks and titanium metal sponge.

Whilst chloride feedstock is dominated by integrated producers such as China, Tronox and Eramet, ilmenite feedstock supply remains vulnerable from a fragmented group of juniors in higher risk jurisdicitons.

The longer term supply of pigment industry feedstock remains challenged by a limited number of projects in challenging jurisdiction.

Whilst short term supply of sulfate ilmenite products is expected to suffice, longer term tightness is anticipated.

However, synthetic rutile producers in China are driving increasing demand for ilmenite which remains limited by climbing OPEX costs and declining rutile/zircon reserves and persistent grade decline.

As a result, Empire is in a strong position to develop its product for a feedstock-hungry downstream industry, with management looking to various end product options from Pitfield.

They also highlighted the optionality of producing a titanium sponge product to feed into the higher-value aerospace industry, which is dominated by Japanese producers.

A key thematic of the presentation was the dwindling supply of natural rutile products, which hold a 95% TIO2 concentration vs Chloride Ilmenite products at c.60% and chloride slag at 85% TIO2.

Alternatives such as synthetic rutile are expected to see supply constraints as emissions controls and carbon taxes weigh on smelting profitability.

As a result, Empire’s Pitfield project is well positioned to feed a growing and hungry market, assuming the team is able to prove a processing route at scale.

Management has highlighted their expected processing route in a recent presentation:

“Rutile, anatase and titanite considered to be “non-refractory” minerals and should dissolve readily under low temperature acidic conditions.

An initial mineral separation stage followed by acid leach is likely to produce a high-quality TiO2 product (>95% TiO2).

The flowsheet will not require an energy intensive, smelting process as used by the igneous sourced “hard rock" ilmenite miners.

Aim is to make a pigment quality product for marketing directly to the end users for use in the manufacture of paints and coatings, plastics and paper.

Potential exists to further refine the TiO2 product to produce titanium metal (sponge).”

Conclusion: Empire is well positioned to take advantage of a growing desire for long-life, alternative supply of titanium product feedstocks as supply becomes increasingly constrained by depleting reserves and deteriorating economics. The Company is exploring routes to maximise value for its shallow-lying rutile/anatase deposit alongside its substantial titanite exploration target which lies below. The team is well supported by several titanium industry specialists and is currently looking to develop a fully integrated process to produce either a high-value TIO2 pigment product or titanium metal. Pitfield benefits from accessible infrastructure, including gas pipelines,p powerlines and port infrastructure. We look forward to metallurgical results to come over the next few months as the team continues to develop the new discovery.

*SP Angel acts as nomad and broker to Empire Metals. Partners of share price Angel hold shares in Empire Metals
Posted at 25/6/2024 10:48 by saracen3
From share price Angel morning note

Empire Metals* (EEE LN) 8.8p, Mkt Cap £53m – Industry presentation highlights growing appetite for natural rutile products

(Empire holds 70% of Pitfield, Century Minerals, which is run by two geologists holds the other 30%. One of these geologists works for Empire.)

Empire Metals hosted a ‘Titanium Breakfast’ presentation last week, with industry expert Gerry Colamarino.
Managing Director Shaun Bunn provided an update on the Company’s large-scale, sedimentary hosted Pitfield titanium project.
The Company has recently identified a shallow-lying, weathered body dominated by Rutile and Anatase.
The TIO2 minerals are believed to have been weathered into form from titanite, which makes up the majority of mineralisation in the lower-lying bedrock.
Empire’s focus is currently on developing a processing route for the higher-value rutile/anatase, given its easy access for cost-effective strip mining at bulk scale.
The sector presentation highlighted the various products utilized in the industry, ranging from sulfate and chloride feedstocks and titanium metal sponge.
Whilst chloride feedstock is dominated by integrated producers such as China, Tronox and Eramet, ilmenite feedstock supply remains vulnerable from a fragmented group of juniors in higher risk jurisdicitons.
The longer term supply of pigment industry feedstock remains challenged by a limited number of projects in challenging jurisdiction.
Whilst short term supply of sulfate ilmenite products is expected to suffice, longer term tightness is anticipated.
However, synthetic rutile producers in China are driving increasing demand for ilmenite which remains limited by climbing OPEX costs and declining rutile/zircon reserves and persistent grade decline.
As a result, Empire is in a strong position to develop its product for a feedstock-hungry downstream industry, with management looking to various end product options from Pitfield.
They also highlighted the optionality of producing a titanium sponge product to feed into the higher-value aerospace industry, which is dominated by Japanese producers.
A key thematic of the presentation was the dwindling supply of natural rutile products, which hold a 95% TIO2 concentration vs Chloride Ilmenite products at c.60% and chloride slag at 85% TIO2.
Alternatives such as synthetic rutile are expected to see supply constraints as emissions controls and carbon taxes weigh on smelting profitability.
As a result, Empire’s Pitfield project is well positioned to feed a growing and hungry market, assuming the team is able to prove a processing route at scale.
Management has highlighted their expected processing route in a recent presentation:
“Rutile, anatase and titanite considered to be “non-refractory” minerals and should dissolve readily under low temperature acidic conditions.
An initial mineral separation stage followed by acid leach is likely to produce a high-quality TiO2 product (>95% TiO2).
The flowsheet will not require an energy intensive, smelting process as used by the igneous sourced “hard rock" ilmenite miners.
Aim is to make a pigment quality product for marketing directly to the end users for use in the manufacture of paints and coatings, plastics and paper.
Potential exists to further refine the TiO2 product to produce titanium metal (sponge).”
Conclusion: Empire is well positioned to take advantage of a growing desire for long-life, alternative supply of titanium product feedstocks as supply becomes increasingly constrained by depleting reserves and deteriorating economics. The Company is exploring routes to maximise value for its shallow-lying rutile/anatase deposit alongside its substantial titanite exploration target which lies below. The team is well supported by several titanium industry specialists and is currently looking to develop a fully integrated process to produce either a high-value TIO2 pigment product or titanium metal. Pitfield benefits from accessible infrastructure, including gas pipelines,p powerlines and port infrastructure. We look forward to metallurgical results to come over the next few months as the team continues to develop the new discovery.

*SP Angel acts as nomad and broker to Empire Metals. Partners of share price Angel hold shares in Empire Metals
Posted at 23/6/2024 06:52 by geko5trade
base7, agree the risk premium seems increasingly out of whack. What we know from the latest video is they’ve just recently received the core samples they require to carry out the research. Knowing EEE this is probably well underway since this is a lean company with an enviable work ethic. Perhaps investors here can’t understand that as the UK heads back to the 1970’s! Furthermore don’t forget those options at considerably higher prices. Clearly when those were issued it was anticipated that the share price would be much higher if news flow was positive. And we’ve had a period of exceptional news flow. SB actually stated that the resource target (and I think grades) surpassed the top end of his expectations.
My guess is in a different investment climate this disparity wouldn’t exist and probably volatility would be reduced as well. Still the longer this goes on the choice becomes more binary and the potential magnitude of the reset in MC gets greater.
The asset has been hidden in plain sight for an eternity, I’m happy to wait another few months...
Posted at 17/6/2024 12:37 by onedayrodders
Not me either, this is exactly the reaction I mentioned yesterday, so pretty chilled to be honest.

Doesn't matter how many roadshows going on, AIM in it's infinite "wisdom" (big dose of sarcasm there) has decided this is the level for now.

And I would go so far as to say if Sean is expecting the Share Price to significantly appreciate after these next presentations, then perhaps the money would be better spent accelerating the project or elsewhere.

Aside from a surprise JV or Government Funding RNS or other left field news, I am not expecting a re-rating from here until 2025 when just the proximity to huge share price gains will be too much for even the Las Vegas AIM bunch.

Just my idle thoughts, don't shoot the messenger !

Honestly, if you change your mindset not to expect fireworks until 2025, it helps you shrug off day to day noise and share price frustration.

ODR
Posted at 16/6/2024 09:53 by onedayrodders
Excellent interview .. However, IMHO the market has time and time again shown it will do nothing based on this interview or any others talking about "minerology, the team, the excitement, how far we've come, new appointments, superb grades, Ukraine etc"
And I'm not being disengenuous to Sean's superb leadership and Empire's progress to date. All what Sean say's is true but it's not going to make one iota now to the share price

Sean described our find months ago as "the most significant Titanium discovery of the last decade and if not the best ever, right up there. So another notch up on that statement is not going to win over the market".

In the Crux interview, Sean's first statement ... "Yeah extraordinary results, maybe a bit hard to fathom in some people's mind" ... that for me is a direct comment about the share price reaction since. It doesn't matter how you keep on underlying the future potential, no one is listening (except us !).

Rightly or wrongly the market has decided we are fairly valued around here (my guess 8-10p) until such time that monetisation of this resource has been proven beyond doubt.

A surprise RNS of a JV or Government Funding of course would change all that, but for the moment that's 'hope'.

Good to hear Sean mention we still have £3.5m to last through next phase.

So for me we will drift now go sideways for a while.

With my holding I Will be more pleased than anyone if I'm wrong.

ODR
Posted at 05/6/2024 11:55 by apotheki
SP Angel . Morning View .

Empire Metals* (EEE LN) 12p, Mkt Cap £70m – Near surface zone of rutile and anatase identified in boost to project economics

Conclusion: Empire continues to progress the Pitfield Project with drilling, metallurgical and mineralogical studies. Today’s announcement is an interesting development in project progression, with rutile at surface likely supporting project economics. Recent rutile DFS have assumed long term prices of $1,400/t, with spot pricing at $1,415/t. The key question for Empire now regards processing and metallurgy. Anatase presents some complications and is not currently processed elsewhere. Empire’s team has recently been bolstered by several expert titanium metallurgists who will be able to support project progression. If Empire are able to demonstrate attractive economics for the rutile / anatase process flowsheet for this new ‘high value’ zone, the size, scale and soft nature of the mineralisation bode well for future financing and development.

*SP Angel acts as nomad and broker to Empire Metals. Partners of share price Angel hold shares in Empire Metals
Posted at 05/6/2024 11:31 by master rsi
Why the share price is not higher at the moment... From the "UPS" thread earlier

Despite the very good RNS today the mark-up was well deserved still on looking at the chart that many do, we can see the share price went over the TOP Band of the Bollinger Bands ( that means overbought ) and I suspect many have taken profits after the large run with the previous BREAKOUT.
Empire Metals share price data is direct from the London Stock Exchange

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