ERL.ASX: Completion of Tranche 1 Placement and Cleansing Notice

Completion of Tranche 1 Placement and Cleansing Notice

Stock	Empire Resources Ltd (ERL.ASX)
Release Time	17 Feb 2026, 6:48 p.m.
Price Sensitive	Yes

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Empire Resources Completes Tranche 1 Placement

Key Points

Successful completion of Tranche 1 of two-tranche placement
Raised approximately A$2.908 million (before costs)
Tranche 2 subject to shareholder approval in March 2026

Full Summary

Empire Resources Limited (ASX:ERL, Empire) has announced the successful completion of Tranche 1 of the two-tranche placement to raise up to A$5,000,000 (before costs) as previously announced on Wednesday, 11 February 2026. Under Tranche 1 of the placement, the Company has issued 363,478,311 fully paid ordinary shares at an issue price of $0.008 per share, raising approximately A$2.908 million (before costs). Tranche 2 of the Placement, comprising of 261,521,689 New Shares, will be issued subject to shareholder approval which will be sought at an Extraordinary General Meeting of the Company's Shareholders in March 2026. The Tranche 1 Shares were issued using the Company's existing placement capacity under ASX Listing Rules 7.1 and 7.1A. The Company has also provided a cleansing notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) in relation to the Tranche 1 Shares.