Alien Metals Ltd (LON:UFO) has highlighted “a year of growth” as the company released its full year results for the year to December 31, 2019.
During the year, the company's technical director, Bill Brodie Good embarked on an acquisition-led strategy focussing on strengthening the company’s portfolio of diversified assets to encompass silver and precious metals projects in Mexico and newly acquired silver and iron ore projects in Western Australia. The company also holds copper assets.
As of December 31, 2019, the company had total assets of US$700,000, of which US$200,000 was cash.
The company made an operating loss of $1mln during the year, equating to a loss per share of US$0.001 cents.