Business
West Coast Silver A$3.2m Placement
Alien Metals Limited announced that its joint venture partner, West Coast Silver Limited, has secured firm commitments to raise A$3.2 million through a placement, which will fund exploration activities at the Elizabeth Hill Silver Project in 2026. Following this placement, Alien Metals will hold an 8.7% interest in West Coast Silver. The funds will be used for drilling, assay processing, and regional target evaluation, with the placement expected to be completed around January 7, 2026. Disclaimer*
About this update from Alien Metals Ltd
[{"type":"text","content":"\n\n \n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (596/2014/EU) AS THE SAME HAS BEEN RETAINED IN UK LAW AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.\nTrading Symbols\nAIM: UFO FWB: I3A1\n31 December 2025\n \nAlien Metals Limited\n(\"Alien\" or the \"Company\")\nWest Coast Silver A$3.2m Placement to Fund 2026 Exploration at Elizabeth Hill\nAlien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to advise that its joint venture partner, West Coast Silver Limited (ASX: WCE) (\"West Coast\" or \"West Coast Silver\") has received firm commitments to raise A$3.2 million (before costs) via a placement of fully paid ordinary shares (the \"Placement\") to existing and new institutional and professional investors.\nFollowing completion of the Placement, Alien will hold an 8.7% interest in the then issued share capital of West Coast. The Placement is anticipated to be completed on or around 7 January 2026, subject to receipt of funds and completion of standard settlement procedures. A further announcement will be made at that time.\nThe Placement will provide additional funding to maintain exploration momentum at Elizabeth Hill and progress regional target evaluation across West Coast's consolidated project area.\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 Tel +44 (0) 203 829 5000\n \nTurner Pope (Joint Broker)\nAndy Thacker / James Pope\nTel: +44 (0) 203 657 0050\n \nYellow Jersey (Financial PR)\nCharles Goodwin / Shivantha Thambirajah\nTel: +44 (0) 203 004 9512\n \n\n\n \nNotes to Editors\nAlien M...