Director and PDMR share purchases

RNS Number : 7781H

Alien Metals Limited

28 November 2022

 

  

Trading Symbols

AIM: UFO

FWB: I3A1

28 November 2022

Alien Metals Ltd ("Alien" or "the Company")

Director and PDMR share purchases . Holdings in Company.

Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to update shareholders of director and PDMR dealings in relation to the managed sell down of Artemis Resources Limited's remaining shareholding in Alien Metals Ltd.

Roderick ("Rod") McIllree, Executive Chairman, has purchased an additional 48,833,333 shares in Alien Metals Ltd. Accordingly, Rod now holds 127,404,762 shares in the Company representing 2.5% of the Company's issued share capital which has been purchased entirely "on market". Mark Culbert, an independent non-executive director, purchased an additional 1,666,666 shares and thereby holds 6,666,666 Shares in the Company. Dan Smith, non-executive director has purchased a further 2.5m shares and thereby holds 4,517,715 shares in the Company. Troy Whittaker, the CEO of Iron Ore Company of Australia Pty Limited ("IOCA"), the Company's 100% owned subsidiary, has purchased a further 11,666,666 shares and accordingly now holds 18,809,523 shares in total.

In addition, a further 44,999,999 shares were acquired by the Company PDMR's and employees. The balance went to existing shareholders of Alien Metals Ltd with the process managed by WH Ireland, the Company's broker at a price of 0.30 pence per share.

The shares were purchased from Artemis Resources Ltd, who after being released from escrow early, have now sold the remaining balance of their holding of 215,617,818 shares, representing 4.26% of the Company's total issued share capital.

Accordingly, Artemis Resources is no longer a shareholder in the Company.

For further information please visit the Company's website at www.alienmetals.uk, or contact:

Alien Metals Limited

Rod McIllree, Executive Chairman

Tel: [phone]

Beaumont Cornish Limited (Nomad)

James Biddle / Roland Cornish

Tel: [phone]

WH Ireland Ltd (Joint Broker)

Harry Ansell / Katy Mitchell

Tel [phone]

BlytheRay (Financial PR)

Tim Blythe / Megan Ray / Said Izagaren

Tel: [phone]

Notes to Editors

Alien Metals Ltd is a mining exploration and development Company listed on the AIM market of the London Stock Exchange (LSE: UFO). The Company's focus is on delivering a profitable, long life direct shipping iron ore operation based out of the Pilbara in Western Australia. In 2019, the Company acquired 51% of the Brockman and Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects and in November 2022 exercised its option to move to 90% once certain CP's are satisfied. The Company also acquired 100% the Vivash Gorge Iron Ore project in the west Pilbara in July 2022.

The Company acquired 100% of the Elizabeth Hill Silver Project, which consists of the Elizabeth Hill Historic Silver Mine Mining Lease and the 115km2 exploration tenement around the mine.

In March 2022 the Company acquired 100% of the former joint venture interest in the Munni Munni Platinum Group Metals and Gold Project in the West Pilbara, Western Australia, one of Australia's major underexplored PGE and base metals projects. Munni Munni holds a historic deposit containing 2.2Moz 4E PGM: Palladium, Platinum, Gold, Rhodium.

The Company also holds silver, copper and base metal projects in Mexico however is currently looking at the best way to divest these for the benefit of shareholders.

 Roderick McIllree

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Roderick McIllree
2	Reason for notification
a)	Position / status	Executive Chairman
b)	Initial notification/Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Alien Metals Limited
b)	LEI	213800KS2BKR6QBRHE44
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument identification code	51,333,333 Common Shares of Alien Metals Limited ISIN VGG017351021
	Nature of the transaction	Director's share purchase
c)	Price(s) and volumes(s)	Price(s) Volumes(s) 0.30 pence 51,333,333
d)	Aggregated information	n/a
e)	Date of the transaction	28th November 2022
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

Mark Culbert

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Culbert
2	Reason for notification
a)	Position / status	Non-Executive Director
b)	Initial notification/Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Alien Metals Limited
b)	LEI	213800KS2BKR6QBRHE44
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument identification code	1,666,666 Common Shares of Alien Metals Limited ISIN VGG017351021
	Nature of the transaction	Director's share purchase
c)	Price(s) and volumes(s)	Price(s) Volumes(s) 0.30 pence 1,666,666
d)	Aggregated information	n/a
e)	Date of the transaction	28 November 2022
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

Dan Smith

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dan Smith
2	Reason for notification
a)	Position / status	Non-Executive Director
b)	Initial notification/Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Alien Metals Limited
b)	LEI	213800KS2BKR6QBRHE44
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument identification code	2,500,000 Common Shares of Alien Metals Limited ISIN VGG017351021
	Nature of the transaction	Director's share purchase
c)	Price(s) and volumes(s)	Price(s) Volumes(s) 0.30 pence 2,500,000
d)	Aggregated information	n/a
e)	Date of the transaction	28 November 2022
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

Troy Whittaker

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Troy Whittaker
2	Reason for notification
a)	Position / status	PDMR
b)	Initial notification/Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Alien Metals Limited
b)	LEI	213800KS2BKR6QBRHE44
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument identification code	11,666,666 Common Shares of Alien Metals Limited ISIN VGG017351021
	Nature of the transaction	PDMR share purchase
c)	Price(s) and volumes(s)	Price(s) Volumes(s) 0.30 pence 11,666,666
d)	Aggregated information	n/a
e)	Date of the transaction	28th November 2022
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

Lloyd Edmunds

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lloyd Edmunds
2	Reason for notification
a)	Position / status	PDMR
b)	Initial notification/Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Alien Metals Limited
b)	LEI	213800KS2BKR6QBRHE44
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument i dentification code	11,666,666 Common Shares of Alien Metals Limited ISIN VGG017351021
	Nature of the transaction	PDMR share purchase
c)	Price(s) and volumes(s)	Price(s) Volumes(s) 0.30 pence 11,666,666
d)	Aggregated information	n/a
e)	Date of the transaction	28 November 2022
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

 

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