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Alien Metals Ltd ( (GB:UFO) ) just unveiled an announcement.
Alien Metals Ltd has announced a successful placement of 2 billion new common shares, raising £1.8 million to support its operations and strategic initiatives. This funding will aid in advancing the company’s iron ore projects in Western Australia and strengthen its balance sheet by reducing existing debt. Additionally, the company plans to appoint Michael Carter as a new independent non-executive director, bringing significant capital markets experience to its board. The company is also working on various projects, including silver assays at Elizabeth Hill and PGM drilling at Munni Munni, indicating strong operational momentum and a clear pathway for growth in 2026.
More about Alien Metals Ltd
Alien Metals Ltd is a minerals exploration and development company focused on a diversified portfolio that includes silver, platinum group metals, copper, nickel, and iron ore. The company operates primarily in the mining sector and is involved in strategic joint ventures to advance its asset portfolio.
Average Trading Volume: 79,311,824
Technical Sentiment Signal: Sell
Current Market Cap: £10.66M
See more data about UFO stock on TipRanks’ Stock Analysis page.