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Alien Metals (UFO) Share News

IN BRIEF: Alien Metals hires new chair as acting CEO stays on

4th Aug 2023 10:10

Alien Metals Ltd - London-based minerals exploration and development company with five projects in Western Australia - Hires Alwyn Vorster as non-executive chair, cites his "extensive" experience in bulk commodities particularly iron ore. Vorster was previously interim chief executive officer of Hastings Technology Metals Ltd; he has also worked at BCI Minerals, Aquila Resources Inc and Rio Tinto PLC, and is a director at Arrow Minerals Ltd and ChemX Materials Ltd. Incumbent Executive Chair Guy Robertson will transition to new role as executive finance director. Troy Whittaker is also officially promoted to chief executive officer having "been acting as" group CEO since December 2022. Read More

IN BRIEF: Alien Metals shares fall as feasibility study begins

3rd Aug 2023 10:51

Alien Metals Ltd - Australia-focused precious and base metals explorer and developer - Says its wholly-owned subsidiary, Iron Ore Company of Australia Pty Ltd, has begun work on the definitive feasibility study for the company's Hancock Iron Ore project in Western Australia. The study will optimise the mine plan, infrastructure layouts, and the final capital and operating cost estimates for the project. Read More

IN BRIEF: Alien Metals says iron ore identified at Hancock project

2nd Aug 2023 11:43

Alien Metals Ltd - Mineral explorer and developer in Australia, Mexico and Greenland - Says subsidiary Iron Ore Company of Australia Pty Ltd completes initial investigations on direct ore shipments at tenement E47/5001, which adjoins the Hancock project in the East Pilbara, Hamersley ranges in Australia. Says iron ore has been identified and notes the potential for exploration. Read More

Alien Metals says assay results show high grade iron grades

20th Jul 2023 12:36

(Alliance News) - Alien Metals Ltd on Thursday said it has received assay results from its Hancock Iron Ore project in Western Australia, which "reinforce" the potential of the project. Read More

IN BRIEF: Alien Metals gets USD1 million convertible funding facility

3rd Jul 2023 11:42

Alien Metals Ltd - mineral explorer and developer in Australia, Mexico and Greenland - Enters convertible debt funding facility with long-term shareholder Bennelong Resource Capital Pty Ltd, which has a current stake of 6.3%. Will issue convertible securities worth of up to USD1.0 million in two equal tranches of USD500,000 each. Each can be converted into a share at a 15% discount to the market price, now or at the time of conversion, or at the price of any equity raise by Alien Metals. Until then, the securities carry an interest rate of the secured overnight financing rate plus eight percentage points. There also is a commitment fee of 3.0% of the facility and an establishment fee of USD10,000, both to be taken from the first tranche of the drawdown. Alien Metals also will issue Bennelong with warrants for 10.0 million shares at a 35% premium to the current market price, exercisable over the next three years. It says this could raise up to an additional USD1 million. Read More

EARNINGS SUMMARY: Powerhouse loss widens hugely, DCI Advisors narrows

30th Jun 2023 17:26

(Alliance News) - The following is a round-up of 2022 annual results by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More

IN BRIEF: Alien Metals renegotiates Mallina tenement acquisition deal

5th May 2023 12:17

Alien Metals Ltd - mineral exploration and development company with assets in Australia, Mexico and Greenland - Renegotiates agreement with Mallina Exploration Pty Ltd to fast track the acquisition of the E 47/3752 tenement that adjoins its flagship Hancock iron ore project in Australia and provides direct strategic access to the Great Northern Highway. Says the key terms of the agreement remain largely unchanged from that of the original agreement; negotiates the removal of the condition precedent relating to exploration drilling to earn the tenement interest. Says removal of this condition precedent allows it to focus on sterilisation drilling across the E 47/3752 licence to enable access road construction. Read More

TRADING UPDATES: Skillcast swings to loss, RM Infrastructure NAV down

26th Apr 2023 15:44

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More

Alien Metals get "encouraging" results at Elizabeth Hill in Australia

20th Feb 2023 11:20

(Alliance News) - Alien Metals Ltd on Monday reported gold findings at the Elizabeth Hill silver project in Western Australia. Read More

IN BRIEF: Alien Metals promotes subsidiary chief Troy Whittaker to CEO

30th Dec 2022 15:09

Alien Metals Ltd - Mineral exploration and development company with assets in Australia, Mexico and Greenland - Says Bill Brodie Good will step down as non-board chief executive officer. Troy Whittaker, currently CEO of subsidiary IOCA, will take over as company CEO. Read More

Alien Metals shares jump as ups stake in iron ore projects

20th Dec 2022 13:01

Alien Metals Ltd - mineral exploration in Australia, Mexico and Greenland - Completes acquisition of additional 39% interest in the Hancock and Brockman direct shipping iron ore projects from Windfield Metals Pty Ltd. Brings Alien Metal's stake to 90%. The acquisition was announced at the start of November. Chair Rod McIllree comments: "As we continue working towards production at Hancock in 2023, moving to 90% is a logical next step in the project evolution and cements our position in the Pilbara as an emerging potential producer of high grade-high purity, direct shipping, iron ore." Read More

DIRECTOR DEALINGS: Serco CEO Soames sells GBP3.2 million in shares

28th Nov 2022 22:09

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and not separately reported by Alliance News: Read More

IN BRIEF: Alien Metals completes drilling at Elizabeth Hill

23rd Nov 2022 13:32

Alien Metals Ltd - London-based minerals exploration and development business - Completes a reverse circulation drilling programme at the Elizabeth Hill silver project and Munni Munni PGE project, located in the west Pilbara of Western Australia. Says the sulphides observed in drill holes at Elizabeth Hill and Munni Munni confirm continuation of mineralising structures. Notes the initial portable X-ray fluorescence results indicate above background concentrations of both base metals and silver. Expects priority samples to be assayed in due course. Read More

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