THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR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.

4 November 2021

Alien Metals Ltd

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

Result of Placing

Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, announces that, further to its announcement of 7.00 a.m. (London time) today, it has successfully completed and closed the Placing.

The Placing has raised, in aggregate, gross proceeds of £4 million through the placing of 470,588,223 Placing Shares to certain institutional and other investors at a price of 0.85 pence per share.

The net proceeds of the Placing will be applied towards:

·    Phase 3 infill and extensional drilling on the Hancock Iron Ore Project

·    Permitting and infrastructure planning to move the Hancock project towards mining

·    Ongoing exploration around the Elizabeth Hill Silver project

·    Exploration drilling in Mexico;

·    Early stage exploration on the Company's regional tenements including Munni Munni North and resource drilling at the Brockman Iron Ore Project and

·    General working capital

Admission and Total Voting Rights

Application will be made to the London Stock Exchange for admission of the 470,588,223  Placing Shares to trading on AIM. It is expected that admission will become effective and dealings in the Placing Shares commence on AIM at 8.00 a.m. on 18 November 2021 (or such later date as may be agreed between the Company and the Bookrunner, but no later than 30 November 2021).

The Placing 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 3,900,781,625 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 7.00 a.m. on 4 November 2021, unless the context requires otherwise.

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

Alien Metals Ltd

Bill Brodie Good, CEO & Technical Director

(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 / Joe Burgess / Matthew McHale

alienmetals@yellowjerseypr.com 

Tel: +44 (0) 20 3004 9512