leadf
logo-loader
viewAlien Metals Ltd

Alien Metals raises £2.5mln to fund exploration and development work across portfolio

Alien has silver and base metals assets in Mexico and Australia

Alien Metals Ltd -

Alien Metals Ltd (LON:UFO) has raised £2.5mln via an oversubscribed placing of shares at 1.1p per share.

The group said the money raised will be used to extend and accelerate a range of exploration activities across the company's portfolio, with immediate programs to be expanded in both Mexico and Western Australia.  

Based on current budgets and in the absence of exceptional circumstances the company's existing work programs are now fully funded through to end-2021.

These programmes included drilling at Los Campos and San Celso, to be followed by economic studies, as well as exploration work at Elizabeth Hill and Hammersley.

Following the placing, Alien has cash of over £4.3mln.

Quick facts: Alien Metals Ltd

Price: 1.075 GBX

LSE:UFO
Market: LSE
Market Cap: £36.8 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Alien Metals Ltd named herein, including the promotion by the Company of Alien Metals Ltd in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

FTSE falls back down to earth after vaccine injected highs

FTSE 100 started the last day of the week on the back foot as positive vaccine news are now archived in the past. London’s leading index dropped 44 points to 6,294 in early trades. Tesco PLC (LON:TSCO) is speeding up environmental goals and plans to reach net-zero carbon emissions by 2035,...

on 13/11/20

2 min read