Alien Metals Regulatory News (UFO)

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR NEW ZEALAND OR IN OR INTO ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF ANY APPLICABLE LAW OR REGULATION.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE A PROSPECTUS OR OFFERING MEMORANDUM OR AN OFFER FOR SALE OR SUBSCRIPTION IN RESPECT OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF ALIEN METALS LTD IN ANY JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

8 September 2022

Alien Metals Ltd

("Alien Metals", the "Company" or the "Group") (AIM: UFO, FWB: I3A1)

Result of Placing and Subscription

Issue of Director and PDMR Options

Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, announces that, further to its announcement of 5.04pm (London time) yesterday, it has successfully completed and closed the Placing and Subscription (the "Fundraise").

The Fundraise has raised, in aggregate, gross proceeds of £1.5 million through the placing of 300,000,000 new Common Shares to certain investors at a price of 0.5 pence per share.

The net proceeds of the Fundraise will be applied towards:

- To accelerate its previously announced drilling program at the Brockman Iron Ore Project

- To progress a new drilling program at Sirius Ext Target Hancock

- To accelerate its previously announced drilling programme for metallurgical samples at Munni Munni

- To progress a geochemical programme for the Munni Munni Project area

- To upgrade database and geological software to support the Munni Munni project development

- To progress a resource review (and update) for the Munni Munni Project

- For general working capital purposes

Director & PDMR Participation

A Director of the Company and a PDMR participated in the Fundraise as follows:

· Roderick McIllree, a director and Chairman, participated in the Fundraise for, in aggregate, 50,000,000 new Common Shares at the Placing Price. The total Common Shares in the Company now held by Roderick McIllree is 50,000,000 Common Shares representing 0.99% of the issued share capital of the Company following the Fundraise; and

· Bill Brodie Good, CEO, participated in the Fundraise for, in aggregate, 2,000,000 new Common Shares at the Placing Price. The total Common Shares in the Company now held by Bill Brodie Good is 3,500,000 Common Shares representing 0.07% of the issued share capital of the Company following the Fundraise.

Admission and Total Voting Rights

Application will be made to the London Stock Exchange for admission of the 300,000,000 Common Shares to trading on AIM. It is expected that admission will become effective and dealings in the Commons Shares commence on AIM at 8.00 a.m. on 16 September 2022 (or such later date as may be agreed between the Company and the Bookrunner, but no later than 30 September 2022).

The Placing Shares and the Subscription Shares will be issued fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares.

Following Admission, the total number of Common Shares in the capital of the Company in issue will be 5,062,336,801 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's share capital pursuant to the Company's Articles.

Capitalised terms used but not otherwise defined in this announcement shall have the meanings ascribed to such terms in the Company's announcement made at 5.04pm on 7 September 2022, unless the context requires otherwise.

Issue of Director and PDMR Options

The Company has also completed the issue of the Options as detailed in the announcements made at 7.00am and 5.04pm yesterday. As such the Directors hold the following Options in the Company:

For further information on the Company, please visit www.alienmetals.uk or contact:

Alien Metals Ltd

Roderick McIllree, Executive Chairman

(via St-James' Corporate Services, Company Secretary)

Tel: +44 20 7796 8644

WH Ireland Limited (Joint Broker and Bookrunner)

Harry Ansell/Dan Bristowe/Katy Mitchell/Megan Liddell

T: +44 (0)20 7 220 1666

Beaumont Cornish Limited (Nominated Adviser)

James Biddle/Roland Cornish

www.beaumontcornish.com

T: +44 (0)20 7628 3396

Turner Pope Investments (TPI) Limited (Joint Broker)

Andy Thacker/James Pope

T: +44 (0)20 3657 0050

Yellow Jersey PR (Financial PR)

Sarah Hollins / Laurie Gellhorn / James Lingfield 

alienmetals@yellowjerseypr.com

Tel: +44 (0) 20 3004 9512

Roderick McIllree

Bill Brodie Good