Alien Metals’ JV Partner Raises A$3.2m to Drive 2026 Silver Exploration at Elizabeth Hill

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

Alien Metals has highlighted that its joint venture partner West Coast Silver has secured firm commitments for a A$3.2 million equity placement to institutional and professional investors, which will leave Alien holding 8.7% of West Coast’s enlarged share capital on completion expected in early January 2026. The fresh capital will fund drilling, assay work, follow-up exploration and regional target evaluation at the historically high‑grade Elizabeth Hill Silver Project and its broader consolidated land package, positioning the venture to accelerate exploration and news flow in 2026 and potentially enhance the value of Alien’s retained 30% interest in the project and its wider precious metals exposure in Western Australia.

More about Alien Metals Ltd

Alien Metals Limited is a mining exploration and development company listed on London’s AIM market, pursuing a portfolio strategy across iron ore and precious and base metals projects in Western Australia. Its principal asset is the 90%-owned Hancock Iron Ore Project in the Pilbara, which hosts a JORC-compliant 8.4Mt resource at 60% Fe and is being advanced toward a potential 2Mtpa, 10-year mining operation with road access to the export hub of Port Hedland. The company also holds interests in the Brockman and Vivash iron ore projects, a 30% free-carried stake in the Munni Munni PGM–gold project via a joint venture with GreenTech Metals, and a 30% interest in the Elizabeth Hill Silver Project through a joint venture with West Coast Silver Limited, giving it exposure to one of Australia’s historically highest-grade silver deposits.

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