Business
Exercise of Options and Receipt of Funds
Alien Metals Limited announced that its joint venture partner, West Coast Silver Limited, has received approximately A$500,000 from the exercise of unlisted options, which will be used for working capital and to advance the company's 2026 drilling and exploration program. This cash injection supports the ongoing development of West Coast Silver's projects, including the Elizabeth Hill Silver Project, which has historically produced high-grade silver. Disclaimer*
About this update from Alien Metals Ltd
[{"type":"text","content":"\n\n \n\nTrading Symbols\nAIM: UFO\nFWB: I3A1\n30 December 2025\n \nAlien Metals Limited\n(\"Alien\" or the \"Company\")\nWest Coast Silver Exercise of Options and Receipt of Funds\nAlien Metals Limited (AIM: UFO), a minerals exploration and development company, announces that its joint venture partner, West Coast Silver Limited (ASX: WCE) (\"West Coast\" or \"West Coast Silver\") has received a cash injection of approximately A$500,000 following the exercise of unlisted options exercisable at A$0.155 each expiring 24 September 2028.\nThe full text of the announcement issued by West Coast Silver is provided below in Appendix A.\n \nFor further information, please visit the Company's website at www.alienmetals.uk or contact:\nStrand Hanson (Financial and Nominated Adviser)\nJames Harris / James Dance / Edward Foulkes\nTel: +44 (0) 207 409 3494\n \nZeus Capital Limited (Joint Broker)\nHarry Ansell / Katy Mitchell\nTel +44 (0) 203 829 5000\n \nTurner Pope (Joint Broker)\nAndy Thacker / Guy McDougall\nTel: +44 (0) 203 657 0050\n \nYellow Jersey (Financial PR)\nCharles Goodwin / Shivantha Thambirajah\nTel: +44 (0) 203 004 9512\n \nNotes to Editors\nAlien Metals Ltd is a mining exploration and development company listed on the AIM market of the London Stock Exchange (AIM: UFO). The Company follows a balanced strategy of advancing and strengthening its asset portfolio through targeted technical work and project development, while evaluating partnerships, joint ventures, and selective monetisation opportunities that are value-enhancing for shareholders. At the same time, Alien will continue to consider opportunities to expand our asset base through carefully selected acquisition opportunities which meet the Board's prudent criteria.\n \nAlien's principal focus is the advancement and development of its 90%-owned Hancock Iron Ore Project in the central Pilbara region of Western Australia. The Hancock tenements contain a JORC-compliant resource of 8.4Mt at 60% Fe and offer significant exploration upside, which is targeted to deliver a mining operation of 2Mtpa for 10 years. The Project benefits from direct access to the Great Northern Highway, providing a route to export facilities at Port Hedland, one of the world's largest iron ore export hubs. Alien also holds exploration interests in the Brockman...