Alien Metals Issues New Shares After Warrant Exercise, Expands AIM Share Capital

Alien Metals Ltd ( (GB:UFO) ) has issued an update.

Alien Metals has raised £11,500 through the exercise of warrants over 8,518,519 new ordinary shares at 0.135 pence each, modestly bolstering its working capital as it advances its Australian mining portfolio. The new shares, which will rank pari passu with existing stock, are expected to begin trading on AIM around 2 March 2026, taking the company’s total issued share capital with voting rights to 11,616,635,378 shares.

The incremental funding and enlarged share base underline ongoing investor engagement, albeit at a small scale relative to the company’s overall capital structure. The move comes as Alien continues to pursue a balanced strategy of progressing its Hancock Iron Ore flagship project and related Pilbara interests, while leveraging joint ventures and selective asset monetisation to enhance shareholder value.

The most recent analyst rating on (GB:UFO) stock is a Hold with a £0.21 price target. To see the full list of analyst forecasts on Alien Metals Ltd stock, see the GB:UFO Stock Forecast page.

Spark’s Take on GB:UFO Stock

According to Spark, TipRanks’ AI Analyst, GB:UFO is a Neutral.

The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow) despite improved 2024 loss and cash-burn trends and low leverage. Technicals are comparatively strong with price above key moving averages and positive MACD, while valuation remains constrained by the company’s loss-making profile and lack of dividend support.

To see Spark’s full report on GB:UFO stock, click here.

More about Alien Metals Ltd

Alien Metals Ltd is a mining exploration and development company listed on AIM in London, focused primarily on iron ore projects in Western Australia’s Pilbara region. Its flagship Hancock Iron Ore Project, in which it holds a 90% stake, has a JORC-compliant 8.4Mt resource at 60% Fe and is targeted to support a 2Mtpa operation over 10 years with access to export routes via Port Hedland.

The company also holds exploration interests in the Brockman and Vivash iron ore projects and maintains minority, free-carried stakes in advanced precious and base metal assets. These include a 30% interest in the Munni Munni PGM-gold project through a joint venture with GreenTech Metals and a 30% interest in the historically high-grade Elizabeth Hill Silver Project via a joint venture with Crest.

Average Trading Volume: 138,387,048

Technical Sentiment Signal: Hold

Current Market Cap: £19.73M

See more data about UFO stock on TipRanks’ Stock Analysis page.