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IN BRIEF: Alien Metals Pretax Loss Narrows; Focus On Finding Partner

Tue, 30th Jun 2020 14:40

Alien Metals Ltd - Mexico-focused mining exploration and development company - Posts narrowed pretax loss for 2019 of GP1.0 million compared to GBP1.5 million in 2018, due entirely to a drop in administrative expenses. The company said it is committed to its strategy of advancing projects and seeking a suitable partner for an earn-in agreement of joint venture. To this end, Alien Metals is focused on using all funds invested in the company for exploration activity and business development.

Current stock price: 0.094 pence

Year-to-date change: down 57%

By Anna Farley; annafarley@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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