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Pin to quick picksAlien Metals Share News (UFO)

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Alien Metals falls on termination of earn-in deal

Thu, 10th Jun 2021 09:06

(Sharecast News) - Minerals exploration and development company Alien Metals said on Thursday that it has been advised by Capstone Mining of the termination of the earn-in agreement between Alien, Estrella de Plata, Capstone Mining and Capstone Gold, effective from 9 July.
The AIM-traded firm initially announced the agreement on 22 October last year.

It said the earn-in agreement related to its Donovan 2 copper-gold project in Mexico.

"Capstone have decided not to proceed with the exploration on Donovan 2 advising that their corporate strategy has shifted and also that they did not receive sufficient confidence from their maiden drilling recently completed on Donovan 2 to continue," said chief executive officer and technical director Bill Brodie Good.

"Capstone advised that their work was not exhaustive and with coincidental work just done a couple of days ago by Alien we are already starting to think about how we may approach further exploration work.

"It has been great working with the Capstone team and we appreciate their input to date which we hope to build and develop on for the future of the project."

At 1528 BST, shares in Alien Metals were down 12.56% at 0.94p.
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15 Mar 2024 16:31

Alien Metals announces short-term funding for exploration project

(Alliance News) - Alien Metals Ltd on Friday announced a funding package worth up to AUD2.0 million through a convertible loan note.

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15 Mar 2024 13:28

Alien Metals secures AUD 2m short-term funding

(Sharecast News) - Alien Metals announced a short-term funding facility worth up to AUD 2m (£1.03m) via a convertible loan note on Friday.

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8 Feb 2024 20:13

TRADING UPDATES: Seeing Machines revenue grows; Baron Oil strikes deal

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

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8 Feb 2024 14:27

Alien Metals takes wraps off Hancock development study

(Sharecast News) - Alien Metals unveiled promising outcomes of a development study on its Hancock Iron Ore Project in Western Australia's Pilbara region on Thursday.

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27 Dec 2023 09:02

IN BRIEF: Alien Metals prepares new team as CEO Troy Whittaker resigns

Alien Metals Ltd - exploration and development in Australia - Chief Executive Officer Troy Whittaker resigns, with effect from December 31. Alien Metals doesn't provide an explanation for Whittaker's departure. Non-Executive Chair Alwyn Vorster and Executive Director Guy Robertson will provide the "necessary support", as Alien Metals finalises details of the new management team. Expects to make an announcement about the new team, who are expected to start early January, in the coming week.

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14 Dec 2023 12:26

Alien Metals inks mining deal with Nyiyaparli People in Australia

(Alliance News) - Alien Metals Ltd on Thursday said it has struck a deal with the Karlka Nyiyaparli Aboriginal Corp RNTBC to collaborate on the Hancock iron ore project in Pilbara, Western Australia.

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28 Nov 2023 14:34

IN BRIEF: Alien Metals signs accord with Pilbara Ports for iron export

Alien Metals Ltd - Australia-focused minerals exploration and development company, currently developing a near-term, direct shipping, iron ore operation at the Hancock project in Pilbara, Western Australia - Enters memorandum of understanding with Pilbara Ports to access its Utah Bulk handling facility, multi-user berth in Port Hedland, which is a town in Western Australia. Says the agreement is a step towards getting Pilbara Ports to export the iron ore produced by Alien Metals' Hancock project.

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3 Nov 2023 11:56

IN BRIEF: Alien Metals issues 26.3 million shares to consultant

Alien Metals Ltd - Australia-focused minerals exploration and development company, currently developing a near-term, direct shipping, iron ore operation at the Hancock project in Pilbara, Western Australia - Issues 26.3 million shares at a deemed price of GBP0.0019 per share for services rendered to a geological consultant for exploration services on its Pinderi Hills and Mexico projects during 2023, in lieu of a cash payment. Expects that admission will become effective and dealings in the common shares will begin on AIM on November 8.

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10 Oct 2023 16:42

Alien Metals signs heritage agreement for Vivash Gorge

(Sharecast News) - Minerals explorer and developer Alien Metals announced on Tuesday that its subsidiary, the Iron Ore Company of Australia (IOCA), has finalised a Heritage Agreement (HPA) with the PKKP Aboriginal Corporation RNTBC (PKKP AC).

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10 Oct 2023 13:57

Alien Metals inks heritage deal with PKKP AC for Vivash project

(Alliance News) - Alien Metals Ltd on Tuesday said that its subsidiary, Iron Ore Company of Australia Pty Ltd, has signed a heritage agreement with the PKKP Aboriginal Corporation RNTBC for the Vivash Gorge exploration licence.

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4 Oct 2023 11:20

Alien Metals says KNAC withdraws objection to miscellaneous licence

(Alliance News) - Alien Metals Ltd on Wednesday said that the Karlka Nyiyaparli Aboriginal Corp RNTBC has withdrawn its objection to the application for a miscellaneous licence by Iron Ore Co of Australia.

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3 Oct 2023 10:53

Alien Metals hails collaboration on signing of heritage agreements

(Alliance News) - Alien Metals Ltd on Tuesday said that its subsidiary, Iron Ore Co of Australia, has signed heritage agreements with the Karlka Nyiyaparli Aboriginal Corp RNTBC for two exploration licences, as well as one miscellaneous licence.

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3 Oct 2023 10:48

Alien Metals inks heritage agreements over Hancock project

(Sharecast News) - Minerals explorer and developer Alien Metals updated the market on its Hancock iron ore project on Tuesday, announcing the execution of heritage agreements (HPAs) with the Karlka Nyiyaparli Aboriginal Corporation.

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29 Sep 2023 14:39

EARNINGS: R&Q Insurance loss swells, Jade Road still selling assets

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News:

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27 Sep 2023 15:49

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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