EMPIRE METALS LIMITED - Company Update

Empire Metals delivered a compelling investor update highlighting significant progress at its flagship Pitfield Titanium Project in Western Australia, one of the world's largest and highest-grade titanium deposits. The company outlined major operational milestones, including completion of a 68,000-metre drilling campaign, an updated Mineral Resource Estimate (MRE) expected in Q3, and the successful development of a proprietary processing flowsheet that produces high-purity titanium dioxide with the potential for low-cost, integrated production. Management emphasized the project's strategic advantages, including exceptional ore grade, minimal overburden, low-energy mining, valuable alumina by-product potential, and access to established infrastructure, supporting a competitive cost profile and attractive project economics. Empire also highlighted strong market fundamentals, with rising global demand for titanium across aerospace, defence, renewable energy, pigments, and advanced manufacturing, alongside constrained global supply. Backed by a strengthened financial position following an £8 million capital raise, the company is fully funded through key development milestones, including engineering studies, pilot processing, environmental permitting, and economic assessments. With plans for an ASX dual listing to broaden institutional investor access and a clear growth strategy focused on advancing Pitfield toward development, Empire Metals is well positioned to become a leading supplier of high-purity titanium products and create long-term shareholder value through a globally significant critical minerals project.