Empire Metals (GB:EEE) has released an update.
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Empire Metals Limited is bolstering its financial position with an oversubscribed £2.5 million fundraiser through the placing of new shares to advance the exploration and development of a high-purity anatase (a titanium dioxide source) deposit at Pitfield. The funds will enable the company to expedite resource drilling and studies, aiming to transform this discovery into a strategic resource for titanium markets. With these additional funds, Empire Metals’ cash reserves now approximate £4.8 million, ensuring a robust financial footing for the project’s accelerated development.
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