Hill Dickinson advises AIM-listed Alien Metals on £2m fundraise

Law firm Hill Dickinson has recently advised AIM-listed client Alien Metals Limited (AIM:UFO) on a placing that raised gross proceeds of £2 million from investors. 

Alien Metals is a mining exploration and development company that is focusing on delivering a profitable, long-life direct shipping iron ore operation based out of the Pilbara in Western Australia. In 2019, the company acquired 51% of the Brockman and Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects and in December 2022 moved to 90% legal and beneficial ownership. The company also acquired 100% the Vivash Gorge iron ore project in the West Pilbara in July 2022.

Alien Metals Ltd (LON:UFO) is a global minerals exploration and development company that will shortly make the transition to iron ore producer. The company was formed from Arian Silver in late 2018, retaining some of the companies more valuable Mexican projects before embarking on an acquisition led strategy, headed up by an excellent geological team and targeted entirely on Western Australia.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn

More articles like this

Alien Metals and Australia’s Platinum Group Metals potential

Australia’s history with platinum group metal (PGM) deposits is mixed, with numerous unsuccessful attempts to develop operations since the market’s initial excitement in 1985. However, current conditions might favour the resurgence of these metals. Rob Mosig,

Iron Ore as a pillar of industrial and economic progress

Iron ore is an essential component of steel production, offering several notable benefits. This renewable resource is extracted from the earth’s surface and requires minimal energy for extraction. However, the extraction process itself demands substantial energy

Iron Ore futures poised for second weekly gain

Iron ore futures prices were stable on Friday but were poised for a second weekly gain, driven by sustained optimism for increased demand in China, the top consumer, fuelled by a series of property stimulus measures.