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Hill Dickinson advises AIM-listed Alien Metals on £2m fundraise

Hill Dickinson advises AIM-listed Alien Metals on £2m fundraise

Law firm Hill Dickinson has recently advised AIM-listed client Alien Metals Limited (AIM:UFO) on a placing that raised gross proceeds of £2 million from investors. 

Alien Metals is a mining exploration and development company that is focusing 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 December 2022 moved to 90% legal and beneficial ownership. The company also acquired 100% the Vivash Gorge iron ore project in the West Pilbara in July 2022.

The funds raised will enable Alien Metals to fund exploration activities, particularly in relation to native title negotiations and field heritage survey at its Hancock range, as well as the company’s activities at Pinderi Hills. The funds raised will also be used for general working capital purposes.

The Hill Dickinson team advising Alien Metals on the transaction was led by partner Sam Hudson, with assistance from associate Cyprien Berlan and paralegal Rayona Basu.

WH Ireland acted as broker for Alien Metals in relation to the placing.
 

Energy and natural resources

We provide legal advice and related legal services to a diverse range of UK and international clients on matters relating to the energy sector, including oil and gas and all forms of renewable (green energy) resources. Our clients include exploration companies, global oil majors and large commodity houses, insurers, reinsurers and P&I clubs. We also advise service sector businesses such as offshore contractors and owners of oil platforms, rigs and multiple other offshore craft and installations.

We have particular expertise in advising fast-growing, entrepreneurially led companies and we are passionate about supporting these businesses, working closely alongside them to anticipate and guide them through the intricacies of a constantly changing legal landscape at every stage of their growth. 

We also have decades of relevant experience on the commodities side, providing dispute resolution services and advising on non-contentious matters arising from the international sale and transportation of oils, their by-products, energy and metals.