SMALL CAP IDEA: Empire Metals is the exception to mining exploration recession

No-one really doubts that. The Chinese recovery is moving in fits and starts. Inflation is ravaging western economies and consumer spending. Realisation is only just beginning to dawn about the debt hangover from Covid.

In mining exploration, the recession only counts if you are treading water.

Make a major discovery, and the world can still look like a place of optimism and hope.

And a major discovery is why, against the trend of the sector, shares in Empire Metals have risen in value by more than four times over the past 12 months.

The real uplift came in July of this year, when the company announced that its Pitfield titanium discovery in Australia was likely mineralised to a high grade across its entire 40 kilometre extent.

That’s a big discovery in anyone’s book, but although the gains thus far look impressive, there could be plenty more to come.

And for several reasons.

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Source of data and images: dailymail

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