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Empire Metals Limited (LON:EEE), the AIM-quoted and OTCQB-traded exploration and development company,is pleased to announce the commencement of a major drilling campaign at the Pitfield Project in Western Australia ('Pitfield' or the 'Project'). This programme will target high-grade titanium mineralisation within the in-situ weathered cap at the Thomas Prospect, with the objective of delivering a maiden JORC Compliant Mineral Resource Estimate ('MRE').
Highlights
- A total of 164 drill holes planned:
- 124 Air Core ('AC') drillholes for approximately 6,700 metres, and
- 40 Reverse Circulation ('RC') drillholes for approximately 4,000 metres,
- totalling 10,700 metres of drilling.
- The Thomas Prospect was selected for the maiden MRE due to the extensive, thick and high-grade titanium mineralisation hosted within the broad, in-situ weathered zone.
- This programme, the largest at Pitfield to date, will cover over 11 square kilometres and aims to deliver a globally significant MRE.
- Notable intercepts within the in-situ weathered cap from previous drilling at Thomas include:
- 51m @ 7.88% TiO₂ from surface (AC25TOM039)
- 57m @ 7.48% TiO₂ from surface (AC25TOM040)
- 52m @ 7.43% TiO₂ from surface (AC25TOM042)
Shaun Bunn, Managing Director, said:"We are pleased to commence this important drilling campaign at Pitfield, focused on delivering our maiden MRE from the Thomas Prospect.The Thomas Prospect contains broad, continuous, high-grade zones of high-purity titanium dioxide mineralisation within the in-situ weathered cap: confirmed by assay results from the February 2025 AC drill campaign, averaging 6.20% TiO₂ over an average depth of 54m (announced 28 April 2025).
"This fully funded campaign, scheduled to run over the next four to five weeks, is the largest undertaken to date at Pitfield. With 164 holes planned over an 11 square kilometre area and to an average depth of 65 metres, this work is designed to deliver a globally significant Mineral Resource Estimate."
MRE Drilling Programme
The location and spacing of the planned AC drillholes have been designed, with the input of mineral resource consultants Snowden-Optiro, to provide the necessary drill assay data density to allow the preparation of an MRE at the Thomas Prospect. The programme consists of 124 AC drillholes, on a 400 x 200m drillhole-spaced grid with an average forecast depth of 54.1m, for a total of 6,700 metres, and 40 RC drillholes within the AC drilling grid, to a depth of 100m, for a total of 4,000 metres. The overall drillhole grid extends 5.2km by 2.2km and totals an area of 11.4 sq km (refer Figure 1).
The drilling is targeting the near surface, highly weathered zones within the Thomas Prospect; drilling has now commenced and will run over several weeks, with laboratory analysis scheduled for completion in August.
Figure 1. Planned Air Core drill hole collar locations within the Thomas Prospect priority area.
The near-surface, in-situ weathered cap at the Thomas Prospect contains a high percentage of the key titanium bearing minerals, primarily anatase and rutile. The drilling targets areas were selected on the basis of three key parameters: high-purity TiO2 mineral assemblage, high average TiO2 grades and significant depth of weathering (refer Table 1).
The AC and RC drillholes will be geologically logged and sub-sampled on 2m intervals and geochemically analysed; this data will provide the basis for geological modelling and for the development of the MRE at the Thomas Prospect.
Air core drilling has previously been utilised at Pitfield to drill-test the weathered cap and collect bulk metallurgical samples (announced 28 April 2025). It is a cost-effective and efficient drilling method that is commonly used for shallow exploration projects and the success of the previous campaign confirmed its suitability for the preparation of the MRE.
Table 1: Weathered Zone drill intercepts from the Thomas Prospect (previously released results) including high-grade intervals to be followed up by MRE drilling
Hole ID | Easting | Northing | Depth From (m) | Depth To (m) | EOH (m) | Weathered Interval (m) | Grade TiO2 (%) |
RC24TOM021 | 373699 | 6724326 | 4 | 76 | 154 | 72 | 6.75 |
including | 4 | 58 | 54 | 6.90 | |||
including | 4 | 12 | 8 | 9.03 | |||
including | 8 | 10 | 2 | 9.98 | |||
RC24TOM022 | 373329 | 6724796 | 0 | 54 | 154 | 54 | 7.02 |
including | 4 | 12 | 8 | 8.54 | |||
RC24TOM023 | 373639 | 6724978 | 0 | 58 | 154 | 58 | 5.68 |
including | 6 | 20 | 14 | 6.09 | |||
DD24TOM006 | 373947 | 6724741 | 0 | 46.5 | 70.5 | 46.5 | 5.94 |
including | 4.5 | 45 | 40.5 | 6.10 | |||
including | 10.5 | 22.5 | 12 | 6.95 | |||
AC25TOM021 | 373250 | 6724746 | 0 | 49 | 49 | 49 | 7.49 |
including | 20 | 26 | 6 | 10.71 | |||
AC25TOM036 | 373358 | 6725089 | 2 | 54 | 54 | 52 | 7.21 |
AC25TOM039 | 373506 | 6724612 | 0 | 51 | 51 | 51 | 7.88 |
AC25TOM040 | 373599 | 6724639 | 0 | 57 | 57 | 57 | 7.48 |
including | 6 | 22 | 16 | 10.00 | |||
AC25TOM041 | 373572 | 6724737 | 0 | 54 | 54 | 54 | 7.19 |
including | 4 | 18 | 14 | 10.06 | |||
including | 4 | 12 | 8 | 11.67 | |||
AC25TOM042 | 373546 | 6724823 | 0 | 52 | 52 | 52 | 7.43 |
including | 4 | 16 | 12 | 10.17 | |||
including | 4 | 12 | 8 | 11.32 |
The Pitfield Titanium Project
Located within the Mid-West region of Western Australia, near the northern wheat belt town of Three Springs, the Pitfield titanium project lies 313km north of Perth and 156km southeast of Geraldton, the Mid West region's capital and major port. Western Australia is ranked as one of the top mining jurisdictions in the world according to the Fraser Institute's Investment Attractiveness Index published in 2023, and has mining-friendly policies, stable government, transparency, and advanced technology expertise. Pitfield has existing connections to port (both road & rail), HV power substations, and is nearby to natural gas pipelines as well as a green energy hydrogen fuel hub, which is under planning and development (refer Figure 2).
Figure 2. Pitfield Project Location showing the Mid-West Region Infrastructure and Services
Competent Person Statement
The technical information in this report that relates to the Pitfield Project has been compiled by Mr Andrew Faragher, an employee of Empire Metals Australia Pty Ltd, a wholly owned subsidiary of Empire. Mr Faragher is a Member of the Australian Institute of Mining and Metallurgy. Mr Faragher has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Faragher consents to the inclusion in this release of the matters based on his information in the form and context in which it appears.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014, as incorporated into UK law by the European Union (Withdrawal) Act 2018, until the release of this announcement.
**ENDS**
For further information please visit www.empiremetals.co.uk or contact:
Empire Metals Ltd Shaun Bunn / Greg Kuenzel / Arabella Burwell | Tel: 020 4583 1440 |
S. P. Angel Corporate Finance LLP (Nomad & Broker) Ewan Leggat / Adam Cowl | Tel: 020 3470 0470 |
Shard Capital Partners LLP (Joint Broker) Damon Heath | Tel: 020 7186 9950 |
St Brides Partners Ltd (Financial PR) Susie Geliher / Charlotte Page | Tel: 020 7236 1177 |
About Empire Metals Limited
Empire Metals is an AIM-listed and OTCQB-traded exploration and resource development company (LON: EEE) with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia.
The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep. Drill results have indicated excellent continuity in grades and consistency of the mineralised beds and confirm that the sandstone beds hold the higher-grade titanium dioxide (TiO₂) values within the interbedded succession of sandstones, siltstones and conglomerates. The Company is focused on two key prospects (Cosgrove and Thomas), which have been identified as having thick, high-grade, near-surface, bedded TiO₂ mineralisation, each being over 7km in strike length.
An Exploration Target* for Pitfield was declared in 2024, covering the Thomas and Cosgrove mineral prospects, and was estimated to contain between 26.4 to 32.2 billion tonnes with a grade range of 4.5 to 5.5% TiO2. Included within the total Exploration Target* is a subset that covers the weathered sandstone zone, which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO2.
The Exploration Target* covers an area less than 20% of the overall mineral system at Pitfield which demonstrates the potential for significant further upside.
Empire is now accelerating the economic development of Pitfield, with a vision to produce a high-value titanium metal or pigment quality product at Pitfield, to realise the full value potential of this exceptional deposit.
The Company also has two further exploration projects in Australia; the Eclipse Project and the Walton Project in Western Australia, in addition to three precious metals projects located in a historically high-grade gold producing region of Austria.
*The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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Empire Metals
Investor Insight
Empire Metals (OTCQB:EPMLF, AIM:EEE) is unlocking one of the world’s largest and purest titanium deposits at its flagship Pitfield project in Western Australia. With growing global demand, a looming supply deficit, and near-term development milestones, Empire offers a compelling investment opportunity in the critical minerals space.
Overview
Empire Metals (OTCQB:EPMLF, AIM:EEE) is an Australian focused exploration and resource development company rapidly gaining international attention for its discovery and rapid development of what is believed to be the world’s largest titanium deposit.
The company is focused on advancing its flagship asset, the Pitfield project, located in Western Australia, a tier 1 mining jurisdiction. With a dominant landholding of more than 1,000 sq km, and a titanium mineral system that spans 40 km in strike length, Pitfield is emerging as a district-scale “giant” discovery with the potential to reshape the global titanium supply landscape.
Empire’s strategic focus on titanium comes at a pivotal time. Titanium is officially recognized as a critical mineral by both the European Union and the United States, owing to its essential role in aerospace, defense, medical technologies, clean energy and high-performance industrial applications. Global demand for titanium dioxide — the most widely used form of titanium — is surging due to its unmatched properties as a pigment and as a feedstock for titanium metal. Titanium supply chains are also increasingly being constrained by geopolitical risks, mine depletion and environmental challenges associated with traditional production. More than 60 percent of the global supply chain is currently concentrated in a handful of countries, notably China and Russia, creating significant vulnerabilities for Western markets.
Titanium has been designated as a critical mineral in both the EU and the US.
Against this backdrop, Empire Metals offers investors a compelling opportunity to gain exposure to a strategically vital metal through a large-scale, high-grade and clean titanium discovery. Unlike many traditional titanium sources, Pitfield's mineralization is exceptionally pure — free from detrimental amounts of uranium, thorium, chromium and other contaminants — making it ideally suited for premium, high-purity end markets. Furthermore, the mineralized zone is near-surface and laterally extensive, allowing for low-strip and scalable bulk mining with conventional processing technologies.
With more than 22,000 meters of drilling already completed and only a fraction of the mineral system tested, Empire is aggressively advancing Pitfield towards a maiden JORC-compliant mineral resource estimate, targeted for H2-2025. Alongside this work, the company is also undertaking bulk sampling and metallurgical processing to advance flowsheet design and optimize product specifications. It is also engaging with industry players to assess product suitability for premium pigment and titanium sponge markets. Empire is planning to finalize, during the current calendar year, a mining study to evaluate the potential for a low-cost strip mining approach, utilizing continuous mining techniques.
The company is supported by a seasoned leadership team with deep expertise in exploration, resource development, mining, metallurgy and capital markets — ensuring that strategic decisions are guided by both technical excellence and a strong track record of value creation.
Company Highlights
- The flagship Pitfield project is the world’s largest known titanium discovery. It’s a district-scale “giant” titanium mineral system, characterised by high-grade, high-purity titanium mineralisation exhibiting exceptional continuity.
- Titanium is in a global supply deficit and recognized as a critical mineral by the EU and US.
- Drill intercepts at Pitfield include up to 202 meters at 6.32 percent titanium dioxide (TiO2) from surface, confirming vast scale and grade.
- Empire Metals operates in one of the world’s most secure, mining-friendly jurisdictions: Western Australia.
- The company is led by an experienced, agile team, with proven expertise in exploration, mine development, and value creation across multiple commodities.
- With a number of key development catalysts planned for 2025, including a maiden resource estimate, bulk sampling for scale-up of metallurgical testwork, and product optimisation, Empire remains significantly undervalued relative to its peers.
Key Projects
Pitfield Project – A World-Class Titanium Discovery
Located in Western Australia, the Pitfield project is Empire Metals’ flagship asset and represents one of the most exciting titanium discoveries globally. Spanning an area of approximately 1,042 sq km, the project has revealed a colossal mineral system measuring 40 km in length and up to 8 km in width, with geophysical indications of mineralization extending to at least a depth of 5 km.
Pitfield’s prime location in Western Australia
Extensive drilling across the project has intercepted thick, laterally continuous zones of high-grade titanium dioxide mineralization, highlighting the system’s enormous scale and consistency.
The titanium at Pitfield occurs predominantly in the minerals anatase and rutile within a weathered, in-situ cap that begins at surface. These minerals are exceptionally pure, often exceeding 90 percent titanium dioxide. They are free from harmful amounts of contaminants like uranium, thorium, chromium and phosphorus — qualities that are likely to make the deposit uniquely suitable for premium, high-purity titanium applications in aerospace, defense and clean technologies.
Pitfield is strategically located near the town of Three Springs, approximately 150 km southeast of the port city of Geraldton. The project benefits from direct access to essential infrastructure, including sealed highways, rail lines and an available water supply. This connectivity significantly enhances development potential by reducing logistics costs and simplifying future project build-out. Moreover, the Western Australian government actively supports critical mineral development, and Empire is operating within a stable, mining-friendly jurisdiction known for streamlined permitting and investment security.
Empire has completed more than 22,000 meters of drilling, confirming standout titanium dioxide (TiO2) results such as 154 meters at 6.76 percent TiO2, 148 meters at 6.49 percent TiO2, and 150 meters at 6.44 percent TiO2. Notably, mineralization remains open at depth in all tested zones, and to date, only around 5 percent of the interpreted system has been drilled. This underscores the immense upside potential for resource expansion.
The project’s development advantages are equally compelling: the mineralization is near-surface and amenable to simple, bulk mining methods with conventional processing. Its location in a tier-one mining jurisdiction offers access to infrastructure, a skilled workforce and strong regulatory support.
The Pitfield project presents a scalable processing pathway. Photo shows a gravity flotation test in process (left) and a close-up of a flotation test (right)
Pitfield is advancing toward a maiden JORC-compliant mineral resource estimate, expected by H2-2025. The project is already being recognized as a potential cornerstone asset in the global titanium supply chain.
Other Projects
In addition to Pitfield, Empire Metals maintains a portfolio of early-stage exploration assets offering optionality and exposure to other strategic and precious metals. Empire holds interests in two Western Australian projects — the Walton and Eclipse gold projects — both situated in historically productive mineral belts. While these assets are not the current focus, they contribute exploration upside and optionality within the company’s broader strategy.
Board and Management Team
Neil O’Brien - Non-executive Chairman
Neil O’Brien is the former SVP exploration and new business development at Lundin
Mining, until he retired in 2018. He has an extensive global mining career as a PhD economic geologist, exploration leader and board executive.
Shaun Bunn - Managing Director
Shaun Bunn is a metallurgist based in Perth, Western Australia, with expertise in international exploration, mining, processing and development. He has a successful track record managing mining projects through all stages of development.
Greg Kuenzel - Finance Director
Based in London, Greg Kuenzel is a chartered accountant, and corporate finance and financial management expert. He has extensive experience working with resources-focused AIM listed companies.
Peter Damouni - Non-executive Director
With more than 20 years of corporate and finance experience focused in the natural resources sector, Peter Damouni holds executive and director roles in TSXV and LSE listed companies where he has played key roles in significantly enhancing shareholder value.
Phil Brumit - Non-executive Director
Phil Brumit is a veteran mining engineer and operations expert, delivering major global operations. His previous roles include international leadership positions at Freeport-McMoRan, Lundin Mining and Newmont Corporation.
Narelle Marriott - Process Development Manager
Narelle Marriott is a former BHP senior process engineer. Most recently, she was the general manager for process development for Hastings Technology Metals.
Andrew Faragher - Exploration Manager
Andrew Faragher is a former Rio Tinto exploration manager with more than 25 years of experience working across multiple commodities.
Arabella Burwell - Corporate Development
Arabella Burwell is a former Senior Director Corporate Development at NASDAQ-listed GoDaddy and a Partner, Capital Raising and Strategic Partnerships, at Hannam & Partners in London and South Africa.
Carrie Pritchard – Environmental Manager
Carrie brings over 20 years of international experience in environmental management, project development, regulatory approvals, and impact assessment. Her expertise spans mine closure and reclamation, stakeholder engagement, and the remediation of contaminated sites. She has led projects across Australia (Western Australia and Victoria) and New Zealand and has also contributed to initiatives in Malawi and Greenland.
David Parker – Commercial Manager
David Parker brings over 20 years of experience in equity capital markets, with a strong focus on the mining, industrial, and technology sectors. He has held senior roles as director and company secretary for several ASX-listed companies, providing strategic leadership and commercial oversight across diverse corporate environments.
Advancing a game-changing, globally significant titanium project in Western Australia.
Empire Metals Limited Announces £4.5m Subscription by Institutional Investors
Shaun Bunn, Managing Director, said:"I am pleased to confirm the successful completion of this Subscription, which has increased participation from our institutional shareholders in Asia andAustralia. The Subscription was led by Asian Investment Management Services Ltd, an existing shareholder.
"The continued support from institutional investors highlights the scale and quality of the titanium discovery at Pitfield, and the opportunities that it brings. The additional funds strengthen our balance sheet, increasing our cash position to £7.1 million, and will be deployed to expand the planned drilling programme with the objective of establishing a globally significant Mineral Resource Estimate ('MRE'); progress the bulk metallurgical testwork so as to deliver high-purity TiO2 product samples to end users; and bring forward the commencement of economic studies.
"With momentum building in 2025, Empire is in a strong position to advance Pitfield and capitalise on the global focus on critical minerals such as titanium."
Use of Funds
The proceeds of the Subscription, together with existing cash reserves of £2.6 million, will be primarily used to:
- Expand the Pitfield titanium mineral resource development drilling programme to define a globally significant MRE;
- Appoint additional metallurgical and engineering personnel to accelerate the development of the process flowsheet;
- Upscale the bulk metallurgical testwork to provide high-purity TiO2 product samples to potential end users; and
- Accelerate the commencement of mining studies, well ahead of schedule.
Laboratory testwork results to date have been encouraging and the use of conventional processing techniques has increased management's confidence that the process flowsheet can deliver high-value commercial end products. Development focus now has turned to optimising the various processing steps and commencing mine option studies. Proceeds from this equity placement fully fund the Company through these important, project development workstreams.
Application for Admission and Total Voting Rights
The Subscription Shares will rank pari passu in all respects with the existing ordinary shares of no par value in the capital of the Company. Application has been made to the London Stock Exchange for the Subscription Shares to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective on or around 30 May 2025. As a result of the issue of the Subscription Shares as described above, the issued share capital of the Company now consists of 689,633,233 ordinary shares of no-par value.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014, as incorporated into UK law by the European Union (Withdrawal) Act 2018, until the release of this announcement.
**ENDS**
For further information please visit www.empiremetals.com or contact:
About Empire Metals Limited
Empire Metals is an AIM-listed and OTCQB-traded exploration and resource development company (LON: EEE) with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia.
The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep. Drill results have indicated excellent continuity in grades and consistency of the mineralised beds and confirm that the sandstone beds hold the higher-grade titanium dioxide (TiO₂) values within the interbedded succession of sandstones, siltstones and conglomerates. The Company is focused on two key prospects (Cosgrove and Thomas), which have been identified as having thick, high-grade, near-surface, bedded TiO₂ mineralisation, each being over 7km in strike length.
An Exploration Target* for Pitfield was declared in 2024, covering the Thomas and Cosgrove mineral prospects, and was estimated to contain between 26.4 to 32.2 billion tonnes with a grade range of 4.5 to 5.5% TiO2. Included within the total Exploration Target* is a subset that covers the weathered sandstone zone, which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO2.
The Exploration Target* covers an area less than 20% of the overall mineral system at Pitfield which demonstrates the potential for significant further upside.
Empire is now accelerating the economic development of Pitfield, with a vision to produce a high-value titanium metal or pigment quality product at Pitfield, to realise the full value potential of this exceptional deposit.
The Company also has two further exploration projects in Australia; the Eclipse Project and the Walton Project in Western Australia, in addition to three precious metals projects located in a historically high-grade gold producing region of Austria.
*The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
Metals and Mining Virtual Investor Conference: Presentations Now Available for Online Viewing
The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download investor materials from the company's resource section.
Select companies are accepting 1x1 management meeting requests through May 13th.
May 6th
| Presentation | Ticker(s) |
| Northern Superior Resources Inc. | (OTCQB: NSUPF | TSXV: SUP) |
| Luca Mining Corp. | (OTCQX: LUCMF | TSXV: LUCA) |
| Castille Resources Limited | (OTCQB: CLRSF | ASX: CST) |
| Sun Summit Minerals Corp. | (OTCQB: SMREF | TSXV: SMN) |
| Amex Exploration Inc. | (OTCQX: AMXEF | TSXV: AMX) |
| Ucore Rare Metals, Inc. | (OTCQX: UURAF | TSXV: UCU) |
| Kootenay Silver Inc. | (OTCQX: KOOYF | TSXV: KTN) |
| Camino Minerals Corp. | (Pink: CAMZF | TSXV: COR) |
| Precipitate Gold Corp. | (OTCQB: PREIF | TSXV: PRG) |
| Callinex Mines Ltd. | (OTCQX: CLLXF | TSXV: CNX) |
May 7th
| Presentation | Ticker(s) |
| Canada Nickel Company Inc. | (OTCQX: CNIKF| TSXV: CNC) |
| Anfield Energy Inc. | (OTCQB: ANLDF | TSXV: AEC) |
| Newcore Gold Ltd. | (OTCQX: NCAUF | TSXV: NCAU) |
| Empire Metals Ltd. | (OTCQB: EPMLF | AIM: EEE) |
| Cerrado Gold Inc. | (OTCQX: CRDOF | TSXV: CERT) |
| Silver Tiger Metals Inc. | (OTCQX: SLVTF | TSXV: SLVR) |
| Horizon Copper Corp. | (OTCQX: HNCUF | TSXV: HCU) |
| Kodiak Copper Corp. | (OTCQB: KDKCF | TSXV: KDK ) |
| Rua Gold Inc. | (OTCQB: NZAUF | TSXV: RUA) |
| DynaResource, Inc. | (OTCQX: DYNR) |
May 8 th
| Presentation | Ticker(s) |
| Novo Resources Corp. | (OTCQB: NSRPF | TSX: NVO) |
| Ecora Resources PLC | (OTCQX: ECRAF | TSX: ECOR) |
| Power Metallic Mines Inc. | (OTCQB: PNPNF | TSXV: PNPN) |
To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .
About Virtual Investor Conferences ®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
Media Contact:
OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com
Virtual Investor Conferences Contact:
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com
News Provided by GlobeNewswire via QuoteMedia
Metals and Mining Virtual Investor Conference: Presentations Now Available for Online Viewing
Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Metals and Mining Virtual Investor Conference, held May 6 th -8th are now available for online viewing.
The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download investor materials from the company's resource section.
Select companies are accepting 1x1 management meeting requests through May 13th.
May 6th
| Presentation | Ticker(s) |
| Northern Superior Resources Inc. | (OTCQB: NSUPF | TSXV: SUP) |
| Luca Mining Corp. | (OTCQX: LUCMF | TSXV: LUCA) |
| Castille Resources Limited | (OTCQB: CLRSF | ASX: CST) |
| Sun Summit Minerals Corp. | (OTCQB: SMREF | TSXV: SMN) |
| Amex Exploration Inc. | (OTCQX: AMXEF | TSXV: AMX) |
| Ucore Rare Metals, Inc. | (OTCQX: UURAF | TSXV: UCU) |
| Kootenay Silver Inc. | (OTCQX: KOOYF | TSXV: KTN) |
| Camino Minerals Corp. | (Pink: CAMZF | TSXV: COR) |
| Precipitate Gold Corp. | (OTCQB: PREIF | TSXV: PRG) |
| Callinex Mines Ltd. | (OTCQX: CLLXF | TSXV: CNX) |
May 7th
| Presentation | Ticker(s) |
| Canada Nickel Company Inc. | (OTCQX: CNIKF| TSXV: CNC) |
| Anfield Energy Inc. | (OTCQB: ANLDF | TSXV: AEC) |
| Newcore Gold Ltd. | (OTCQX: NCAUF | TSXV: NCAU) |
| Empire Metals Ltd. | (OTCQB: EPMLF | AIM: EEE) |
| Cerrado Gold Inc. | (OTCQX: CRDOF | TSXV: CERT) |
| Silver Tiger Metals Inc. | (OTCQX: SLVTF | TSXV: SLVR) |
| Horizon Copper Corp. | (OTCQX: HNCUF | TSXV: HCU) |
| Kodiak Copper Corp. | (OTCQB: KDKCF | TSXV: KDK ) |
| Rua Gold Inc. | (OTCQB: NZAUF | TSXV: RUA) |
| DynaResource, Inc. | (OTCQX: DYNR) |
May 8 th
| Presentation | Ticker(s) |
| Novo Resources Corp. | (OTCQB: NSRPF | TSX: NVO) |
| Ecora Resources PLC | (OTCQX: ECRAF | TSX: ECOR) |
| Power Metallic Mines Inc. | (OTCQB: PNPNF | TSXV: PNPN) |
To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .
About Virtual Investor Conferences ®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
Media Contact:
OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com
Virtual Investor Conferences Contact:
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com
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Empire Metals Limited Announces Conference Presentations in Australia & N America
An updated corporate presentation, reflecting the Company's latest developments, is available on the Company's website at: https://www.empiremetals.com/investors/shareholder-documents/presentations/.
**ENDS**
For further information please visit www.empiremetals.co.uk or contact:
About Empire Metals Limited
Empire Metals is an AIM-listed and OTCQB-traded exploration and resource development company (LON:EEE)(OTCQB:EPMLF) with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia.
The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep. Drill results have indicated excellent continuity in grades and consistency of the mineralised beds and confirm that the sandstone beds hold the higher-grade titanium dioxide (TiO₂) values within the interbedded succession of sandstones, siltstones and conglomerates. The Company is focused on two key prospects (Cosgrove and Thomas), which have been identified as having thick, high-grade, near-surface, bedded TiO₂ mineralisation, each being over 7km in strike length.
An Exploration Target* for Pitfield was declared in 2024, covering the Thomas and Cosgrove mineral prospects, and was estimated to contain between 26.4 to 32.2 billion tonnes with a grade range of 4.5 to 5.5% TiO2. Included within the total Exploration Target* is a subset that covers the weathered sandstone zone, which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO2.
The Exploration Target* covers an area less than 20% of the overall mineral system at Pitfield which demonstrates the potential for significant further upside.
Empire is now accelerating the economic development of Pitfield, with a vision to produce a high-value titanium metal or pigment quality product at Pitfield, to realise the full value potential of this exceptional deposit.
The Company also has two further exploration projects in Australia; the Eclipse Project and the Walton Project in Western Australia, in addition to three precious metals projects located in a historically high-grade gold producing region of Austria.
*The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
Juggernaut Files for Final Approval of Oversubscribed Financing
(TheNewswire)
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Vancouver, British Columbia TheNewswire - May 30, 2025 Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the "Company" or "Juggernaut"), further to its April 14 th April 23 rd April 25 th 2025, and May 15, 2025, news releases, the Company is pleased to announce that it has filed documents with the TSX Venture Exchange (the "Exchange") seeking final approval to close its private placement financing (the "Financing") for aggregate gross proceeds of $10,362,735.
The Company is seeking approval to close the Financing with this second and final tranche, issuing 2,040,000 $0.825 charity flow-through units ("CFT Units"), with each CFT Unit consisting of 1 flow-through common share of the Company and 1 common share purchase warrant, each warrant being exercisable at $0.75 for 5 years, subject to the right of the Company to accelerate the exercise period to 30 days if, after the 4-month hold has expired, shares of the Company close at or above $1.50 for 10 consecutive trading days, for aggregate gross proceeds of $1,683,000.
On May 16, 2025 the Company closed the first tranche of the Financing, issuing 9,308,770 CFT Units, and 2,000,000 $0.50 non-flow-through units ("NFT Units"), each NFT Unit consisting of 1 common share and 1 common share purchase warrant, each warrant being exercisable at $0.75 for 5 years, subject to the right of the Company to accelerate the exercise period to 30 days if, after the 4-month hold has expired, shares of the Company close at or above $1.50 for 10 consecutive trading days, for aggregate gross proceeds of 8,679,735.
The proceeds will be used to explore Juggernaut's properties located in Northwestern B.C. and for general working capital.
Cash finders' fees totaling $221,963 have been paid and 439,925non-transferable broker warrants have been issued in accordance with TSXV Polices. All securities issued in the first tranche closing are subject to a 4-month-plus-one-day hold, expiring September 17, 2025, and all securities issued in the second tranche closing are subject to a 4-month-plus-one-day hold expiring October 2, 2025.
One insider subscribing for 2,000,000 NFT Units, a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"), is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.
About Juggernaut Exploration Ltd.
Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings and geopolitical safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active supporter of CASERM, an organization representing a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut's key strategic cornerstone shareholder is Crescat Capital.
For more information, please contact
Dan Stuart
President, Director, and Chief Executive Officer
604-559-8028
info@juggernautexploration.com
Qualified Person
Rein Turna P. Geo is the independent qualified person as defined by National Instrument 43-101, for Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.
Grab samples are selected samples and may not represent true underlying mineralization.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FORWARD LOOKING STATEMENT
Certain disclosures in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut's operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements. NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.
Copyright (c) 2025 TheNewswire - All rights reserved.
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Finlay Minerals Announces Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units
/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/
finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF ) ("Finlay" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement (the " Private Placement ") consisting of the issuance of any combination of: (i) common shares of the Company to be issued on a flow-through basis under the Income Tax Act ( Canada ) (each, a " FT Share ") at a price of $0.11 per FT Share, and (ii) non-flow-through units of the Company (each, a " NFT Unit ") at a price of $0.10 per NFT Unit, for aggregate gross proceeds to the Company of up to $1,000,000 . The Private Placement is subject to a minimum offering amount of $500,000 to be raised through any combination of FT Shares and NFT Units.
Each NFT Unit will be comprised of one non-flow-through common share of the Company (each, a " NFT Share ") and one non-flow-through common share purchase warrant (a " Warrant "). Each Warrant will be exercisable by the holder thereof to acquire one NFT Share at an exercise price of $0.20 per NFT Share for a period of two years from the date of issuance of the Warrant (the " Warrant Expiry Date "), subject to acceleration. The Warrant Expiry Date may, at the Company's sole discretion, be accelerated if at any time following the Closing Date (as defined herein), the common shares of the Company trade at a daily volume-weighted average trading price above $0.30 per common share for a period of 30 consecutive trading days on the TSX Venture Exchange (the " TSXV ") or on such other stock exchange where the majority of the trading occurs (the " Trading Target ") and the Company provides notice to the Warrant holders by way of press release announcing that such Trading Target has been achieved, provided that the accelerated expiry date of the Warrants falls on the earlier of (unless exercised by the holder prior to such date) (the " Accelerated Expiry Date "): (i) the 30th day after the Company provides notice to the Warrant holders of its intention to accelerate the Warrant Expiry Date; and (ii) the Warrant Expiry Date. The failure of the Company to give notice in respect of a Trading Target will not preclude the Company from giving notice of any subsequent Trading Target. All Warrants that remain unexercised following the Accelerated Expiry Date shall immediately expire and all rights of holders of such Warrants shall be terminated without any compensation to such holders.
The Company intends to use the gross proceeds of the Private Placement for exploration of the Company's SAY, JJB and Silver Hope properties, and for general working capital purposes. The Company will use the gross proceeds from the issuance of FT Shares to incur "Canadian exploration expenses" and qualify as "flow-through mining expenditures", as such terms are defined in the Income Tax Act ( Canada ).
Subject to compliance with applicable regulatory requirements, the Private Placement is being conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions and in reliance on the Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption . The securities issued to purchasers in the Private Placement will not be subject to a hold period under applicable Canadian securities laws. There is an offering document related to the Private Placement that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.finlayminerals.com . Prospective investors should read this offering document before making an investment decision.
The closing of the Private Placement is expected to occur on or about June 9, 2025 (the " Closing Date "). The closing of the Private Placement is subject to certain closing conditions, including the approval of the TSXV. The Company may pay finder's fees in cash and securities to certain arm's length finders engaged in connection with the Private Placement, subject to the approval of the TSXV.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933 , as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.
About finlay minerals ltd.
Finlay is a TSXV company focused on exploration for base and precious metal deposits through the advancement of its ATTY, PIL, JJB, SAY and Silver Hope Properties; these properties host copper-gold porphyry and gold-silver epithermal targets within different porphyry districts of northern and central BC. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.
Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com
On behalf of the Board of Directors,
Robert F. Brown ,
Executive Chairman of the Board & Director
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the terms and completion of the Private Placement, raising the minimum and maximum amounts of the Private Placement, the payment of finder's fees and issuance of finder's securities, the anticipated closing date and the planned use of proceeds for the Private Placement. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the ability to obtain regulatory approval for the Private Placement, the state of equity markets in Canada and other jurisdictions, market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements, and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.
SOURCE finlay minerals ltd.
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Cygnus Metals
Investor Insight
Cygnus Metals is advancing high-grade copper-gold and lithium projects in Quebec, Canada. Through asset consolidation and substantial exploration funding, the company is primed for scalable growth in a premier mining jurisdiction.
Overview
Cygnus Metals (TSXV:CYG) is a copper-gold and lithium exploration and development company focused on becoming a near-term producer in the highly prospective Chibougamau region of Québec, Canada. Leveraging a strategic portfolio of high-grade, brownfield copper and gold assets, the company is rapidly advancing toward production by capitalizing on existing infrastructure, including the centrally located Copper Rand mill. Operating in a mining-friendly jurisdiction, Cygnus Metals is executing a hub-and-spoke development model, intending to become Québec’s next significant copper producer.
Following its strategic merger with Dore Copper, Cygnus Metals has consolidated a significant 282 sq km land package in prolific mining regions in Quebec - Chibougamau (copper-gold) and James Bay (lithium) - boasting a high-grade copper and gold resource of 10.8 million tons (Mt) @ 3.5 percent copper equivalent, and existing infrastructure that includes a 900 ktpa processing facility. Doré Copper completed a preliminary economic assessment on a hub and spoke operation in June 2022.
Cygnus Metals is currently advancing its flagship Chibougamau Project, located in a region with a rich history of copper and gold production within the world-renowned Abitibi Greenstone Belt of Québec.
The Copper Rand mill is the only processing facility in the area designed for a capacity of 1,350 tonnes per day. This infrastructure is expected to significantly reduce upfront capital costs and may offer future revenue-generating opportunities through toll milling arrangements with third-party operators.
Cygnus Metals is led by a seasoned management team with a proven track record in the mining sector. President and managing director Ernest Mast brings over 30 years of experience, including senior leadership roles at Primero Mining and Minera Panama (Inmet Mining). His background in guiding junior and mid-tier mining companies through key growth stages aligns well with Cygnus Metals’ development strategy. The broader team includes experienced professionals with deep expertise in exploration, project development, and mining operations, both in Canada and internationally.
Company Highlights
- Cygnus Metals has consolidated a significant land package within the prolific mining regions of Quebec, Canada: Chibougamau and James Bay.
- The company’s focus are the copper gold projects in the Chibougamau mining camp.
- The principal deposit is the Corner Bay deposit is known for high copper grades and strong exploration potential, with the latest resource estimate of 2.7 million tonnes of indicated resources at 2.9 percent CuEq, 5.9 million tonnes of inferred resources at 3.6 percent CuEq. In addition to Corner Bay there are numerous past-producing mines that could fit into a hub and spoke operating plan.
- The 100 percent owned Copper Rand mill will be refurbished for future production and will be the only operating mill in the Chibougamau region. The mill will have extra capacity and provide the ability to process its own ore while potentially offering toll milling services to other nearby mining projects.
- Cygnus Metals is led by an experienced and highly skilled management team.
Key Project
Location of the Chibougamau Project relative to other major deposits and processing facilities
Cygnus Metals' assets are located within two well-known mining regions in Quebec, with a long history of production. The company’s current strategy revolves around a hub-and-spoke model, with the Copper Rand mill serving as the processing hub, fed by multiple satellite deposits.
Chibougamau Copper Gold Project
Located within a historic, high-grade mining camp, the Chibougamau copper gold project spans 187 sq km and includes a 900 ktpa processing plant and existing major infrastructure. The project consists of seven exploration targets, three of which have an existing mineral resource 10.8 million tons @ 3.5 percent copper equivalent.
The Chibougamau region has a rich mining history dating back to the early 1900s. With 16 historic mines, the district has produced some 53.5 Mt @ 3.4 percent copper equivalent (1.8 percent copper and 2.1 grams per ton gold) for 945,000 of copper and 3.5 Moz of gold.
Metallurgical testing at Corner Bay has yielded positive results, with copper recoveries ranging from 96.8 percent to 98.2 percent, and the concentrate is of high commercial quality, making it highly attractive to smelters.
Cygnus is focused on growing the mineral resources base at the Chibougamau project and concurrently work on aspects of the project supporting a move towards a feasibility study. The resource base, which currently stands at 3.6 Mt of measured and indicated mineral resources at 3 percent copper equivalent and 7.2 Mt of inferred mineral resources at 3.8 percent copper equivalent, for a total of 10.8 Mt at 3.5 percent copper equivalent for 306 kt copper and 314 koz gold. Recent exploration results focused on the Golden Eye deposit located only 3 km from the mill with an intercept of 7.4 meters of 4.7 g/t gold, 0.9 percent copper and 5.6 g/t silver demonstrating the deposit being open down dip. Currently Golden Eye does not have a 43-101 Mineral Resource and represents a tremendous growth opportunity.
The Corner Bay deposit is the cornerstone of Cygnus Metals’ development strategy, recognized for its exceptional copper grades and significant exploration upside. The most recent resource estimate outlines 2.7 million tonnes of Indicated resources grading 2.9 percent CuEq, 5.9 million tonnes of Inferred resources at 3.6 percent CuEq. Continued drilling success is expanding mineralized zones, supporting future resource growth and extended mine life.
Devlin hosts 660,000 tonnes of indicated resources at 2.3 percent CuEq and 480,000 tonnes of inferred resources at 2 percent CuEq. While smaller in scale, Devlin offers strategic flexibility and early production potential. Ore will be transported to Corner Bay for pre-concentration, then hauled to the Copper Rand mill for final processing. Mining is expected to use room-and-pillar and drift-and-fill methods, with operations commencing shortly after Corner Bay comes online.
Cedar Bay, a past-producing mine near the Copper Rand mill, historically produced 3.9 million tonnes at an average grade of 1.63 percent copper and 3.21 g/t gold. Updated resources now include 130,000 tonnes of Indicated material grading 8.9 percent CuEq and 230,000 tonnes of inferred material at 8.5 percent CuEq. These standout grades underscore Cedar Bay’s potential as a valuable high-grade feed source and a near-term contributor to the production pipeline.
The Joe Mann deposit, located 60 kilometers south of the Copper Rand mill, adds further scale and upside. Over its mine life, Joe Mann produced 1.2 million ounces of gold and 28 million pounds of copper, with average grades of 8.26 g/t gold and 0.25 percent copper. The current resource includes 610,000 tonnes of inferred resources at 5.5 percent CuEq.
Across its portfolio, Cygnus Metals has outlined 3.6 million tonnes of measured and indicated resources at 3.0 percent CuEq and 7.2 million tonnes of inferred resources at 3.8 percent CuEq. Together, these deposits provide the foundation for a scalable, high-grade copper-gold operation centered on the refurbished Copper Rand mill, with a phased, multi-source production strategy unlocking long-term value in Québec’s historic Chibougamau mining district.
Board and Management
David Southam - Executive Chairman
David Southam is highly experienced in operations, project development and capital markets across the resources and industrial sectors. He was previously the managing director of Mincor Resources. Southam is non-executive director of Ramelius Resources and a non-executive chair of Andean Silver Limited.
Ernest Mast – President and Managing Director
Ernest Mast is a mining executive with over 30 years of global experience across operations, development, and corporate leadership. He has held senior roles at Primero Mining, New Gold, Copper Mountain, and Inmet Mining, where he led development of the $6B Cobre Panama project. Mast began his career at Noranda and serves on the board of Scottie Resources and other firms. He holds engineering degrees from McGill University and business credentials from Henley College and Universidad Catolica.
Mario Stifano – Non-executive Director
Mario Stifano is a mining executive and CPA with over 16 years of experience across exploration, development, and production. Currently CEO of Galantas Gold, he has held senior roles at Cordoba Minerals, Mega Precious Metals, Lake Shore Gold, and Ivernia. Stifano has raised over $700 million for mining projects, including $500 million to develop three gold mines now producing 180,000 oz annually as part of Pan American Silver.
Kevin Tomlinson - Non-executive Director
Kevin Tomlinson is a structural geologist and investment banker. He is the non-executive chair of Bellevue Gold and of FireFly Metals. Tomlinson has a successful track record in base and precious metals project development.
Raymond Shorrocks – Non-executive Director
Raymond Shorrocks brings a wealth of experience in corporate finance, stockbroking and financial services in Ontario. He was the previous non-executive chair of FireFly Metals and Bellevue Gold. He is the executive chair of Alicanto Minerals.
Brent Omland – Non-executive Director
Brent Omland is the co-CEO of Ocean Partners providing a range of trading services for miners, smelters and refiners globally. He is a chartered accountant and has held CFO roles for publicly listed companies in the resources industry.
Empire Metals Investor Kit
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