Eclipse Mining Licence Sale Extension
Empire Metals Limited has announced an extension of the sale of its 75% interest in the Eclipse Mining Licence by one month to April 30, 2026, due to delays in assay results from a completed drill program of 10 RC holes for 514 metres. The purchaser requires additional time for due diligence and analysis of these results. The company has already received a non-refundable deposit of A$50,000, with the remaining A$700,000 due at settlement, aligning with Empire's strategy to divest non-core assets and focus on the Pitfield Titanium Project.
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Empire Metals Limited, the AIM-quoted and OTCQX-traded exploration and development company, notifies the market that the sale of its 75% interest in the Eclipse Mining Licence ("Eclipse ML") has been extended by one month to 30 April 2026, with the purchaser granted additional time to complete due diligence following delays to drilling assay results.
The sale of Empire's 75% interest in the Eclipse ML is ongoing. The extension reflects the following:
- The purchaser has completed a drill programme, with a total of 10 RC holes drilled for 514 metres.
- Assay results have been delayed due to longer laboratory turnaround times than anticipated, and the purchaser requires additional time to complete their analysis.
- As per the RNS dated 30 December 2025, A$50,000 non-refundable deposit has been received, with the balance of A$700,000 due at settlement, pending successful due diligence.
The Eclipse ML sale is consistent with Empire's strategy to divest non-core assets and focus capital on the Pitfield Titanium Project.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.