West Coast Silver Placement Completion of A$3.2m
Alien Metals Limited announced that its joint venture partner, West Coast Silver Limited, has completed a placement, issuing 16,842,105 ordinary shares and raising A$3.2 million. Following this placement, Alien Metals now holds an 8.7% interest in West Coast Silver's issued share capital.
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West Coast Silver Placement Completion of A$3.2 million
Alien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to advise that its joint venture partner, West Coast Silver Limited (ASX: WCE) ("West Coast" or "West Coast Silver") has issued 16,842,105 fully paid ordinary shares following completion of the Placement announced on 31 December 2025.
Following completion of the Placement, Alien holds an 8.7% interest in the issued share capital of West Coast.
The full text of the announcement issued by West Coast Silver is provided below in Appendix A.
Terms used but not defined in this announcement have the same meaning as set out in the Company's announcement released on 31 December 2025.
For further information, please visit the Company's website at www.alienmetals.uk or contact:
Strand Hanson (Financial and Nominated Adviser)
James Harris / James Dance / Edward Foulkes
Zeus Capital Limited (Joint Broker)
Harry Ansell / Katy Mitchell Tel +44 (0) 203 829 5000
Turner Pope (Joint Broker)
Andy Thacker / James Pope
Yellow Jersey (Financial PR)
Charles Goodwin / Shivantha Thambirajah
Appendix A - ASX: WCE ANNOUNCEMENT
Placement Completion of $3.2 million
West Coast Silver Limited (ASX: WCE) (West Coast Silver or the Company) is pleased to advise it has issued 16,842,105 fully paid ordinary shares as completion of the Placement announced on 31 December 2025.
The updated fully paid ordinary shares is summarised below.
| Securities | Number of securities |
|---|---|
| Fully paid ordinary shares * | 350,707,258 |
| Unlisted options exercisable at $0.40 each expiring 21 April 2026 | 2,000,000 |
| Unlisted options exercisable at $0.18 each expiring 30 October 2026 | 3,525,000 |
| Unlisted options exercisable at $0.12 each expiring 23 March 2027 | 5,000,000 |
| Unlisted options exercisable at $0.12 each expiring 30 July 2027 | 100,000 |
| Unlisted options exercisable at $0.20 each expiring 23 September 2027 | 5,000,000 |
| Unlisted options exercisable at $0.117 each expiring 25 November 2027 | 1,200,000 |
| Unlisted options exercisable at $0.04 each expiring 18 May 2028 | 9,750,000 |
| Unlisted options exercisable at $0.155 each expiring 24 September 2028 | 6,775,142 |
| Unlisted options exercisable at $0.25 each expiring 19 November 2028 | 1,500,000 |
| Performance rights expiring 21 April 2027 | 5,000,000 |
| Performance rights expiring 18 May 2028 | 10,000,000 |
| Performance rights expiring 19 November 2028 | 2,000,000 |
* Refer to the Appendix 2As lodged on ASX on 7 January 2026 for further information.
This ASX announcement has been authorised for release by the Board of Directors of West Coast Silver Limited.
- Previous mining operation ceased in 2000: because of low silver prices (US$5)[2].
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Figure 1: Tenement Location.
[2] www.kitco.com/charts/silver
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.