Company posted a net loss of £1.7 million for the period ended June 30, 2025
LONDON: Empire Metals Limited (LON:EEE; OTCQX:EPMLF) on Thursday reported its interim results for the six months ended June 30, 2025, spotlighting a series of milestones that position its Pitfield project as a globally significant titanium asset.
Empire posted a net loss of £1.7 million for the period ended June 30, 2025 compared with the loss of £1.39 million in the corresponding period last year.
The company confirmed Pitfield as the world’s most important new titanium discovery, citing its exceptional scale, high-grade consistency, and purity. Empire’s largest drilling campaign to date at the Thomas Prospect revealed a near-surface core averaging approximately 6% TiO₂ across a 3.6-kilometer strike.
Metallurgical testing delivered a 99.25% TiO₂ product, indicating a highly efficient and potentially lower-cost processing route. The company said Pitfield’s weathered ore is well-suited to conventional mineral separation and refining, offering advantages over ilmenite-based projects that typically face lower recoveries and higher environmental costs.
Empire expects to release its maiden Mineral Resource Estimate (MRE) in the coming weeks. In May, the company raised £4.5 million to accelerate development, backed by strong institutional support.
The board and technical team were further strengthened with the appointments of Phil Brumit as Non-Executive Director, Alan Rubio as Study Manager, and Pocholo Aviso as Hydro-metallurgist. Empire also commenced trading on the OTCQX in the United States, expanding access for international investors.
“The first half of 2025 has been a period of remarkable activity and momentum,” said Managing Director Shaun Bunn. “Pitfield is fast becoming recognised as a project of global importance, with results that continue to exceed expectations. We are exceptionally well positioned for the next phase of growth.”
Empire plans to advance testwork, initiate pilot-scale operations, and begin direct engagement with end-users in high-value sectors such as aerospace and defense.