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Alien Metals Ltd ( (GB:UFO) ) has provided an update.
Alien Metals Ltd has announced the issuance of 373,531,570 new ordinary shares following the exercise of warrants, raising approximately £410,721. These shares will be admitted to trading on the AIM market of the London Stock Exchange, increasing the total number of ordinary shares to 9,226,890,356. This move is expected to enhance the company’s financial position and support its ongoing exploration and development projects, potentially impacting its market positioning and stakeholder interests.
More about Alien Metals Ltd
Alien Metals Ltd is a mining exploration and development company listed on the AIM market of the London Stock Exchange. The company focuses on delivering a profitable direct shipping iron ore operation from its 90% Hancock iron ore project in the central Pilbara region of Western Australia. Additionally, Alien Metals owns one of Australia’s largest PGM deposits, Munni Munni, and has interests in other exploration projects including the Elizabeth Hill Silver Project.
Average Trading Volume: 171,972,290
Technical Sentiment Signal: Buy
Current Market Cap: £19.48M
See more insights into UFO stock on TipRanks’ Stock Analysis page.