Alien Metals Limited (LSE:UFO) has signed a conditional sale agreement with GreenTech Metals Limited that will see GreenTech acquire a 70% stake in the Munni Munni Platinum Group Metals Project in the West Pilbara region. Under the arrangement, Alien will retain a 30% interest and form a joint venture with GreenTech, which will oversee and finance the project through to a bankable feasibility study. The structure supports Alien’s strategy of strengthening its asset portfolio and delivering value to shareholders while limiting its own capital outlay. Pending GreenTech’s capital raise and shareholder approval, the deal enables Alien to maintain exposure to potential district-scale upside without incurring further exploration expenditure.
More about Alien Metals Ltd
Alien Metals Limited is a minerals exploration and development company focused on growing its project pipeline through technical evaluation and strategic alliances. The company operates across a range of commodities, with interests in platinum group metals, iron ore, and other mineral resources.
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