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Empire is beginning to build up a good store of knowledge on the Eclipse project Empire Metals Ltd (LON:EEE) reported a loss of £572.989 in the year to 31 December 2020 and said it had cash in the bank of £1.23mln as of 16 April 2021. Non-executive chairman Neil O’Brien described 2020 as a “year of significant forward momentum,” and hailed “the emergence of a new and reenergised strategy, a new flagship asset and a new jurisdiction of focus.” Empire now holds a 75% interest in the Eclipse gold project, characterised by O’Brien as “a highly prospective gold asset which i...

19 April 2021 | 08:59am StockMarketWire.com - Exploration and resource development company Empire Metals reported wider losses as higher costs and a plunge in revenue dented performance. For the year ended 31 December 2020, pre-tax losses widened to £0.95 million from £0.68 million year-on-year as revenue slumped to £1,204 from £0.11 million. Looking ahead, the company said it was focussed on moving its Eclipse gold project exploration activities through to resource definition and into the feasibility phase, but also said it would be on the lookout for additional value-accretive acqu...