Empyrean Energy PLC (EME) · 2026-10-26
Empyrean Energy expects to acquire a 10% economic interest in the GOLD Cluster in Upper Austria, subject to an Exploration and Investment Agreement and related partnership agreements being finalised. Site construction is scheduled to start on 27 October 2026, with GOLD-1 drilling expected in the first week of January 2027.
Empyrean Energy PLC (EME) · 2026-09-16
Empyrean Energy raised £1,000,000 through a 2,000,000,000-share placing at 0.05p per share, which the company acknowledges is dilutive. Net proceeds will fund its share of GOLD-1 drilling costs and working capital ahead of planned Q4 2026 drilling.
Empyrean Energy PLC (EME) · 2026-09-14
Empyrean Energy will be entitled to 10% of net revenues after royalties from the GOLD Cluster partnership while bearing 10% of future costs, with approximately €555,400 committed if GOLD-1 succeeds. A proposed equity placing is being considered to fund the commitment.