Alien Metals Ltd (LSE:UFO) has completed a £1.8 million equity placement involving the issuance of 2 billion new common shares, providing additional capital to support ongoing operations and strategic priorities. The funding will help advance the company’s iron ore projects in Western Australia and strengthen the balance sheet through debt reduction. The firm also intends to appoint Michael Carter as an independent non-executive director, adding valuable capital markets expertise to the board. Alongside these developments, Alien Metals is progressing multiple exploration initiatives—including silver assays at Elizabeth Hill and PGM drilling at Munni Munni—demonstrating growing operational momentum and setting the stage for further expansion in 2026.
More about Alien Metals Ltd
Alien Metals Ltd is a mineral exploration and development company with a diversified portfolio spanning silver, platinum group metals, copper, nickel, and iron ore. The company operates across the mining sector and often pursues strategic joint ventures to advance and unlock value within its asset base.
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