Peel Hunt morning mining comment
EMPIRE METALS NEW BOARD APPT. Phillip Brumit will be a NED with effect from 1 Feb 2025. Phil brings over 40 years of extensive experience with FREEPORT, LUNDIN, and NEWMONT which positions him to be a vital resource for the company. He will help the co navigate key milestones, including the development of a pilot plant and the completion of scoping and feasibility studies for the Pitfield Project. Pitfield has the potential to be a world class globally significant mine capable of producing large tonnages of high-purity TITANIUM, a critical mineral for which demand is expected to double in the next five years. |
Gta5, you have a clear run mate, good luck |
I know I've said this many times, but please lock up your shares if it's of no real difference to you. I am 100% convinced that doing so tightens the supply for borrowing shares for MM accumulation & shorting. It had a monumental affect on BMN years back when over 50 holders did it over the course of a week. I've all mine on a limit sell at 100p. If it executes, so be it ?And if anyone does it, DOUBLE CHECK that you have set the right limit. I don't want anyone knocking on the door of my yacht saying it's my fault they set it at 10p and not 100p and got sold out ???Enjoy your weekendsML |
Also, please, no one get excited!
-I have some more topping up to do sub 10p-
(Cevod, hands off. leave some for the rest of us, please)
Have a nice weekend.
GTA |
I think the expectation is for some tangible updates very soon,
-and with the addition of Mr. Brumit it's starting to look quite intriguing....
Would love to trade the swings on the way up, but let's face it; waaay to risky to be out of this... :)
GL, GTA. |
Can't say I blame them. |
Someone wants in |
manlord1
The billions in share cap mentioned above clearly puts the share cap of EEE into context.....as we have been saying under 10p down here is a great price to be adding.....IMHO |
Steady as she goes. Looking very good here. |
Australian Govt increases funding for critical metal development.
AUSTRALIA DOUBLES DOWN ON GOVERNMENT SUPPORT. While Trump's EO looks to clamp down on federal funds being disbursed on energy projects and infrastructure the Aussies are going the other way. The government is putting a further A$2bn into the Clean Energy Finance Corp to seed further investment in critical minerals projects and renewable energy investments. The sense is that investment into these sectors has stalled (in Australia) and further funding is needed to unlock the ability to raise additional capital. |
Peel Hunt morning mining comment
EMPIRE METALS NEW BOARD APPT. Phillip Brumit will be a NED with effect from 1 Feb 2025. Phil brings over 40 years of extensive experience with FREEPORT, LUNDIN, and NEWMONT which positions him to be a vital resource for the company. He will help the co navigate key milestones, including the development of a pilot plant and the completion of scoping and feasibility studies for the Pitfield Project. Pitfield has the potential to be a world class globally significant mine capable of producing large tonnages of high-purity TITANIUM, a critical mineral for which demand is expected to double in the next five years. |
Phillip Brumit doesn't waste his time on small potatoes either, he deals with very high Mcap companies with a proven track record amongst these giants. I think we can all see where this is heading.1. Freeport-McMoRan Inc. $55.32 billion2. Filo Corp. $4.38 billion4. Lundin Mining Corp. $10.49 billion5. Newmont Corporation $47.5 billionThey all started somewhere, Empire will start at Pitfield. ML |
I think this is the last major project Phillip Brumit was involved with before he went "self employed" according to his Linked-In profile. Josemaria Resources sold to Lundin Mining 15 months after he started, he left 3 months later. Mine construction hadn't even started. An interesting read indeed.
hxxps://lundinmining.com/news/lundin-mining-to-acquire-josemaria-resources-mean-123057/ |
 SP Angel . Morning View .
Empire Metals* (EEE LN) 7.9p, Mkt Cap £50m – Top mining executive joins Board
Empire reports that Phillip Brumit will join the Empire board as Non-executive Director.
Mr Brumit held leadership positions at Freeport-McMoRan, Lundin Mining and Newmont.
Operationally, Mr Brumit was VP Projects and Operations at Josemaria, which is currently under JV between BHP and Lundin.
At Freeport, he was President of the African Division focused on Tenke-Fungurume, and at Newmont he was General Manager of Operations at the Batu Hijau Mine.
He views Pitfield as a ‘truly world class deposit that can become a globally significant mine capable of producing large tonnages of high-purity titanium, a critical mineral essential to the world’s manufacturing industry and transition to green renewable energy.’
Mr Brumit will receive 2,000,000 share options, expiring January 2030, at an exercise price of 10p.
Conclusion: Mr Brumit’s appointment as Non-executive Director of Empire is a strong vote of confidence in the development potential of the Pitfield titanium project.
Recent roles within the Lundin group, including at Filo Corp (sold to BHP/Lundin for C$4.1bn, leave Mr Brumit well positioned to support Pitfield’s progression to pilot plant and feasibility studies.
*SP Angel acts as nomad and broker to Empire Metals |
SP Angel comment
Empire Metals* (EEE LN) 7.9p, Mkt Cap £50m – Top mining executive joins Board
Empire reports that Phillip Brumit will join the Empire board as Non-executive Director.
Mr Brumit held leadership positions at Freeport-McMoRan, Lundin Mining and Newmont.
Operationally, Mr Brumit was VP Projects and Operations at Josemaria, which is currently under JV between BHP and Lundin.
At Freeport, he was President of the African Division focused on Tenke-Fungurume, and at Newmont he was General Manager of Operations at the Batu Hijau Mine.
He views Pitfield as a ‘truly world class deposit that can become a globally significant mine capable of producing large tonnages of high-purity titanium, a critical mineral essential to the world’s manufacturing industry and transition to green renewable energy.’
Mr Brumit will receive 2,000,000 share options, expiring January 2030, at an exercise price of 10p.
Conclusion: Mr Brumit’s appointment as Non-executive Director of Empire is a strong vote of confidence in the development potential of the Pitfield titanium project. Recent roles within the Lundin group, including at Filo Corp (sold to BHP/Lundin for C$4.1bn, leave Mr Brumit well positioned to support Pitfield’s progression to pilot plant and feasibility studies.
*SP Angel acts as nomad and broker to Empire Metals |
So where is this guy based? His linkedin seems to suggest Georgia US..
I know he's non-exec, but I'd assume he's relocating to WA to bring "hands on" value?
Interesting times.
GTA. |
hxxps://simplywall.st/stocks/gb/consumer-services/aim-trb/tribal-group-shares/news/empire-metals-leads-the-pack-of-3-uk-penny-stocks |
Due to the insider rules & regs he can only buy from now onwards [post this mornings RNS] |
Why, he doesn't start until February, he has plenty of time. |
If our new board member was going to buy, he would have done it already. Mind you, that might have been construed as insider trading. |
I like the way we have been drifting up for a while. Under the radar. I wonder if this news pings multiple radars.
Really like the fundamentals here and the way the reports are written. Seems genuine to me. |
Our new big hitter might even buy in the market Geko5trade!?!?! |
 We have risks, we have challenges but market valuations for mid-tier titanium producers range significantly based on resource size and development stage. If Pitfield meets its estimated resource potential and achieves commercial production, our market cap could grow substantially, rivaling peers in the $500M$1B range over time. This projection depends on successfully navigating the outlined risks and maintaining favorable market conditions but SB firmly believes we have a good chance of having 10-15% of that $30b market. Do the maths guys ?.The Pitfield project has immense potential to transform the company into a major player in the titanium market. Continued focus on processing solutions and resource definition will be crucial for our long-term success & the team are currently fully focused on achieving this key target. Keep the head up, if investing was easy, we'd all be doing it & we'd all be rich. Sadly it doesn't work like that. Stop watching the share price (although it's hard) & try to engage the logic area of your investing brain. Things are going well, it's us who see it, others will see it soon and today's appointment of PB is yet another solid indication that we have something very special on our hands. Philip Brumit is a seasoned mining executive with over 40 years of experience in property evaluation, engineering, project management, construction, start-up, and operations within the mining industry. Empire Metals Limited: Appointed as a Non-Executive Director, effective February 1, 2025. Brumit's extensive industry experience is expected to be instrumental in advancing the company's Pitfield Project, a significant titanium deposit in Western Australia. Filo Mining Corp.: Served as a director, bringing his vast experience to support the company's operations. Luca Mining Corp.: Joined the board as an Independent Director, contributing to the company's strategic initiatives. Minera Candelaria (Lundin Mining Corporation): Held the position of President and Managing Director, overseeing operations in Chile. Freeport-McMoRan: Served as President of the African Division, focusing on the Tenke Fungurume Mine in the Democratic Republic of Congo. Newmont Corporation: Acted as North American Manager of Operations, managing various mining operations across the continent. PT Newmont Nusa Tenggara: Served as General Manager of Operations for the Batu Hijau mine in Indonesia, overseeing significant mining activities. His extensive career reflects a strong track record in leading and developing globally significant mining projects, contributing to the growth and success of multiple mining companies worldwide.DYORML |
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