Alien has announced a placing (the ‘Placing’) of new common shares (the ‘Fundraising Shares’) to raise £1.0m (gross) from certain institutional and other investors. The issue price of 0.08p, represents a discount of 15.8% to the mid-market closing price of 0.0925p on 21 May 2025. Each three new common shares will have one warrant attached, exercisable at 0.12p for a period of 12 months from the date of issuance. It is expected that Admission will become effective and dealings in the Fundraising Shares will commence at 08:00 am on or around 30 May 2025. Providing additional flexibility, a funding facility secured last year with Bennelong Resources with AUD$0.4m remaining undrawn has now also been extended to 31 December 2025. With multiple near-term catalysts across the Group’s highly prospective/high impact projects in Western Australia’s Pilbara region, Alien remains focused on unlocking value while preserving shareholder capital through targeted exploration and non-dilutive partnerships. TPI will be appointed as Alien’s joint broker from Admission of the Fundraising Shares.
Alien Metals: Turner Pope
May 23, 2025Disclaimer & Declaration of Interest
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