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Empire Metals Ltd shares rose on Wednesday as it said it has upgraded to trade on the OTCQX Best Market in the US. The explorer and resource developer, currently focused on the Pitfield titanium project in Western Australia, said it has upgraded from the OTCQB Venture Market and will begin trading on Wednesday under the symbol EPMLF. Shares in Empire Metals were up 7.1% at 65.35 pence in London on Wednesday morning. The firm said it expects the cross-trading of shares on OTCQX to enhance the visibility and accessibility of its shares to US investors, who will also benefit from greater liquidity from a broader pool of global investors. OTCQX is the highest-level trading venue of OTC Markets Group INC. Empire Metals said it will provide US investors with the same level of information and disclosure available to UK shareholders, but through US-facing platforms. The cross-trading facility will also allow investors to access Empire’s ordinary shares in US dollars, during US market hours. ‘I am delighted to announce our upgrade to OTCQX. Building on the company’s international shareholder base, this further enhances the accessibility and visibility of our shares to both US institutional and retail investors,’ said Managing Director Shaun Bunn. ‘Trading on OTCQX offers even more investors a pathway to participate in Empire’s growth and gain exposure to titanium - a strategically important critical mineral with strong fundamentals. We look forward to welcoming new US investors as shareholders.’ Last week, Empire Metals reported ‘significant progress’ in metallurgical testwork at its Pitfield project in Western Australia. The company said results confirmed that the weathered ore at Pitfield can be processed using conventional separation and refining techniques to deliver a high-purity titanium dioxide product. ‘These results mark a step change in Pitfield’s development. We now have clear evidence that the ore is ideally suited to conventional mineral separation and refining, producing a high-purity titanium product with strong recoveries. This sets Pitfield apart from ilmenite-based projects, which typically face lower recoveries, higher costs, and significant environmental challenges,’ said Managing Director Shaun Bunn. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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