Empire Metals Restricted Declares Putting to Increase £7 million

Empire Metals Restricted (LON: EEE, OTCQX: EPMLF), the AIM-quoted and OTCQX-traded useful resource exploration and growth firm, is happy to announce that’s has raised gross proceeds of £7 million by the use of a subscription of 17,500,000 new unusual shares of no par worth within the capital of the Firm at a worth of 40 pence per unusual share (the ‘Subscription Shares’) to present institutional shareholders (the ‘Subscription’).

Rationale for the Subscription:

• The Subscription funds will probably be used to keep up momentum throughout key workstreams together with useful resource growth, superior metallurgical testwork, and the graduation of pilot-scale manufacturing in 2026, with the objective of delivering high-purity TiO₂ product samples to potential finish customers and supporting preliminary engineering and financial research.
• Product growth will moreover concentrate on routes to optimally produce lab and bulk samples of merchandise for the titanium steel provide chain, similar to TiCl₄.
• The Firm can even deploy further capital to strengthen its group for its subsequent section of growth and to pursue worth accretive company alternatives, together with a potential twin itemizing on the ASX focused for H1 2026, with Canaccord Genuity (Australia) anticipated to behave as lead adviser.

Shaun Bunn, Managing Director, stated:“I’m very happy to announce the profitable completion of this Subscription, which was executed at a premium to the present share worth and displays elevated participation from our institutional shareholders in Asia andAustralia. This continued help underscores each the size and strategic worth of the Pitfield Challenge and strengthens the Firm as we transfer right into a important section or our growth. With this Subscription, our money place is now £11 million, offering a strong stability sheet to drive the subsequent section of growth.”

Use of Funds
The proceeds of the Subscription along with present money reserves of £4 million will probably be primarily used for:

• Exploration and Mineral Useful resource Drilling
• Challenge Administration and Challenge Growth together with:
  • Common growth associated research together with environmental, social and advertising
  • Preliminary engineering and financial research protecting mining, course of plant, infrastructure and power
  • Metallurgical growth together with mineral separation and hydrometallurgical steady piloting
• Company overheads

Software for Admission and Complete Voting Rights
The Subscription Shares will rank pari passu in all respects with the present unusual shares of no par worth within the capital of the Firm. Software has been made to the London Inventory Trade for the Subscription Shares to be admitted to buying and selling on AIM (‘Admission’). It’s anticipated that Admission will turn into efficient at 8:00 a.m. on 5 November 2025. On account of the difficulty of the Subscription Shares as described above, the issued share capital of the Firm now consists of 710,893,221 unusual shares of no-par worth.

**ENDS**

For additional info please go to www.empiremetals.com or contact:

About Empire Metals Restricted
Empire Metals Ltd (AIM: EEE and OTCQX: EPMLF) is an exploration and useful resource growth firm targeted on the speedy commercialisation of the Pitfield Titanium Challenge, positioned in Western Australia. The titanium discovery at Pitfield is of unprecedented scale and hosts one of many largest and highest-grade titanium sources reported globally, with a Mineral Useful resource Estimate (MRE) totalling 2.2 billion tonnes grading 5.1% TiO₂ for 113 million tonnes of contained TiO₂.

The MRE, which covers solely the Thomas and Cosgrove deposits, features a weathered zone useful resource of 1.26 billion tonnes at 5.2% TiO₂ and a big Indicated Useful resource of 697 million tonnes at 5.3% TiO₂, predominantly from the Thomas deposit. Titanium mineralisation at Pitfield happens from floor and shows distinctive grade continuity alongside strike and down dip. The MRE extends throughout simply 20% of the recognized mineralised footprint, offering substantial potential for additional useful resource growth.

Typical processing has already produced a high-purity product grading 99.25% TiO₂, appropriate for titanium sponge steel or pigment feedstock. The friable, in-situ weathered zone helps low-cost, strip mining with out the necessity for blasting or overburden removing.

With glorious logistics and established infrastructure, together with rail hyperlinks to deep-water ports with direct entry to Asia, the USA, Europe and Saudi Arabia, Pitfield is strategically positioned to provide the rising international demand for titanium and different important minerals.

Empire is now accelerating the financial growth of Pitfield, with a imaginative and prescient to provide a high-value titanium steel and/or pigment high quality product at Pitfield, to grasp the total worth potential of this distinctive deposit.

The Firm additionally has two additional exploration initiatives in Australia; the Eclipse Challenge and the Walton Challenge in Western Australia, along with three treasured metals initiatives positioned in a traditionally high-grade gold producing area of Austria.

This info is supplied by RNS, the information service of the London Inventory Trade. RNS is accepted by the Monetary Conduct Authority to behave as a Major Info Supplier in the UK. Phrases and situations regarding the use and distribution of this info might apply. For additional info, please contact rns@lseg.com or go to www.rns.com.

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