Alien Metals Highlights Progress Toward Munni Munni JV with GreenTech Metals

Alien Metals Ltd ( (GB:UFO) ) has provided an update.

Alien Metals has notified the market that its proposed joint venture partner at the Munni Munni platinum-group metals and base metals project in the Pilbara, GreenTech Metals, has released its quarterly activities report for the period to 31 December 2025. The two companies are working through final administrative steps to conclude their Munni Munni transaction, under which Alien will retain a 30% interest in one of Australia’s largest PGM systems on a free-carried basis to completion of a bankable feasibility study, a structure that could allow Alien to preserve capital and focus on its flagship Hancock Iron Ore Project while still retaining exposure to potential upside in the PGM and base metals market.

The most recent analyst rating on (GB:UFO) stock is a Hold with a £0.20 price target. To see the full list of analyst forecasts on Alien Metals Ltd stock, see the GB:UFO Stock Forecast page.

Spark’s Take on GB:UFO Stock

According to Spark, TipRanks’ AI Analyst, GB:UFO is a Neutral.

The score is held back primarily by weak financial performance (pre-revenue business model, recurring losses, and ongoing cash burn), only partly offset by a strong technical setup with price above major moving averages and positive momentum. Valuation also screens poorly due to negative earnings and no dividend support.

To see Spark’s full report on GB:UFO stock, click here.

More about Alien Metals Ltd

Alien Metals Ltd is a mining exploration and development company listed on London’s AIM market, pursuing a balanced strategy of advancing and strengthening its asset portfolio through technical work, project development and value-enhancing partnerships, joint ventures and selective monetisation. The company’s principal focus is its 90%-owned Hancock Iron Ore Project in Western Australia’s Pilbara region, which hosts a JORC-compliant resource of 8.4Mt at 60% Fe and is being advanced toward a potential 2Mtpa, 10-year mining operation with road access to export facilities at Port Hedland; Alien also holds iron ore exploration interests at Brockman and Vivash, and maintains 30% interests in the Munni Munni PGM project via a conditional joint venture with GreenTech Metals and the Elizabeth Hill Silver Project through a joint venture with West Coast Silver.

Average Trading Volume: 98,838,277

Technical Sentiment Signal: Buy

Current Market Cap: £22.4M

Learn more about UFO stock on TipRanks’ Stock Analysis page.