07:30:35 EDT Sat 12 Jul 2025
Enter Symbol
or Name
USA
CA



Empire Metals Corp
Symbol EP
Shares Issued 139,354,162
Close 2025-07-11 C$ 0.08
Market Cap C$ 11,148,333
Recent Sedar Documents

Empire Metals closes financing, grants options

2025-07-11 18:55 ET - News Release

Subject: Empire Metals Corp. - news release PDF Document

File: Attachment EP_NR_2025_07_11_PP_Closed.pdf

July 11, 2025 Trading Symbol: EP Tel: 604.683.3288 Website: www.empiremetalscorp.com Toll Free: 1.888.880.2288

EMPIRE CLOSES $600,000 FINANCING

Empire Metals Corp. ("Empire") (TSX.V-EP) has closed its previously announced private placement financing, issuing 10,000,000 units at $0.06 per unit for proceeds of $600,000. Each unit is comprised of one common share and one five-year transferable warrant with each warrant entitling the holder to purchase one additional share at a price of $0.08 per share. $170,000 was issued on a flow-through basis. The flow-through shares comprising the 2,833,333 flow-through units and 2,833,333 flow-through shares issuable upon exercise of the warrants comprising the flow-through units will entitle holders to receive tax benefits applicable to flow-through shares in accordance with provisions of the Income Tax Act (Canada).

Proceeds of the financing will be used for general corporate purposes, exploration and development at the Company's various Canadian exploration projects, property payments, working capital, debt reduction, and maintaining and advancing Empire's existing properties and projects. The financing terms have been accepted for filing by the TSX Venture Exchange. The units are restricted from trading until November 12, 2025.

Empire also announces the grant of a total of 7,200,000 stock options to acquire common shares of the Company exercisable at $0.085 per share, for a five-year term. The options are granted pursuant to the Company's stock option plan and are subject to applicable regulatory hold periods.

Empire is a Canadian resource exploration and development company. Empire recently optioned up to a 70% interest in a Yukon Gold Project. Empire owns a 100% interest in the Buck Lake Platinum, Palladium, Nickel and Gold Project located in Ontario, Canada near the Lac Des Iles platinum palladium mine. Empire also holds a controlling interest in the Fox Creek Lithium Project in Alberta and the Gwyn Lake gold project located in the heart of the historic Beardmore-Geraldton greenstone gold belt in Ontario.

EMPIRE METALS CORP. For further information contact: Mark C. Patchett, President PER: "Mark Patchett" E-mail: mark@empiremetalscorp.com Tel: 604.683.3288 MARK PATCHETT President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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