• Raised A$1.910 million through Tranche 2 placement
• Tranche 2 placement includes shares issued to unrelated participants and Dr Ruane
• Tranche 1 placement completed in February 2026, raising A$2.908 million

Empire Resources Limited (ASX:ERL) has announced the completion of Tranche 2 of its share placement, raising A$1.910 million through the issue of 238,750,000 ordinary fully paid shares at an issue price of $0.008 per share. This follows the completion of Tranche 1 of the placement in February 2026, which raised approximately A$2.908 million through the issue of 363,478,311 fully paid ordinary shares at the same price of $0.008 per share. Tranche 2 of the placement, which includes shares issued to unrelated participants and Dr Ruane, was approved by shareholders at the company's Extraordinary General Meeting held on 24 March 2026. A portion of the Tranche 2 shares has been issued under the company's existing placement capacity under ASX Listing Rule 7.1, with the balance issued in accordance with ASX Listing Rule 10.11 following shareholder approval. The company has also provided a cleansing notice under the Corporations Act, stating that it has complied with the relevant provisions and there is no excluded information that is required to be disclosed.