Business
West Coast Silver Placement Completion of A$3.2m
Alien Metals Limited announced that its joint venture partner, West Coast Silver Limited, has completed a placement, issuing 16,842,105 ordinary shares and raising A$3.2 million. Following this placement, Alien Metals now holds an 8.7% interest in West Coast Silver's issued share capital. Disclaimer*
About this update from Alien Metals Ltd
[{"type":"text","content":"\n\n \n\nTrading Symbols\nAIM: UFO FWB: I3A1\n8 January 2026\n \nAlien Metals Limited\n(\"Alien\" or the \"Company\")\nWest Coast Silver Placement Completion of A$3.2 million\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 issued 16,842,105 fully paid ordinary shares following completion of the Placement announced on 31 December 2025.\nFollowing completion of the Placement, Alien holds an 8.7% interest in the issued share capital of West Coast.\nThe full text of the announcement issued by West Coast Silver is provided below in Appendix A.\n \nTerms used but not defined in this announcement have the same meaning as set out in the Company's announcement released on 31 December 2025.\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 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 fo...