Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Alien Metals Ltd - London-based mining firm focused on Australia - Joint venture partner West Coast Silver Ltd secures firm commitments to raise A$3.2 million, about £1.6 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%
Copyright 2025 Alliance News Ltd. All Rights Reserved.