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Alien Metals (UFO) Shares Gain After It Ends Exclusivity Agreement

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Updated: 30 Jul 2021

Alien Metals (LON: UFO) shares are climbing on Friday after it announced it has ended the exclusivity agreement with the owner of the Elizabeth Hill silver tailings project located on the Elizabeth Hill Silver Project site in Western Australia.

UFO agreed with Wombat Resources to assess the potential acquisition, with a further 45-day exclusivity period decided in May and another 30-day extension announced in June.

“With a number of key project developments and priority technical work in the pipeline, we have decided to suspend our current work and review of the Project. We still see potential in the silver tailings, and may revisit the Project in due course when other projects will allow for this,” commented Bill Brodie Good, CEO and Technical Director of Alien Metals.


The company's shares are currently up 4.6% at 0.837p.

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