31st Dec 2025 10:04
Alien Metals Ltd - London-based mining firm focused on Australia - Joint venture partner West Coast Silver Ltd secures firm commitments to raise AUD3.2 million, about GBP1.6 million, through a share placement to both existing and new institutional and professional investors. Alien says it will have an 8.7% stake in West Coast Silver following the equity raise, which is expected to complete next week. The fresh funds will go toward exploration at Elizabeth Hill in Western Australia and to "progress regional target evaluation across West Coast's consolidated project area", Alien says.
Current stock price: 0.14 pence, up 7.7% on Wednesday morning in London
12-month change: up 56%
By Christopher Ward, Alliance News reporter
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