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Alien Metals Ltd ( (GB:UFO) ) has provided an update.
Alien Metals Ltd has released its audited financial results for the year ended 31 December 2024, highlighting significant progress in its Hancock Iron Ore Project. The company achieved key milestones, including the completion of a Development Study and the granting of a mining lease, which are pivotal in advancing the project towards production. The study confirmed the project’s economic viability with robust financials and a production plan. Additionally, Alien Metals entered into a joint venture for lithium exploration and a partial sale agreement for the Elizabeth Hill Project, enhancing its strategic partnerships and resource development. These developments are expected to strengthen Alien Metals’ position in the mineral exploration industry and provide potential growth opportunities for stakeholders.
More about Alien Metals Ltd
Alien Metals Ltd is a global minerals exploration and development company, primarily focused on the Hancock Iron Ore Project. The company is involved in exploring and developing mineral resources, with a particular emphasis on iron ore, nickel, copper, silver, and lithium projects.
Average Trading Volume: 44,810,294
Technical Sentiment Signal: Sell
Current Market Cap: £6.86M
Learn more about UFO stock on TipRanks’ Stock Analysis page.