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Alien Metals Ltd ( (GB:UFO) ) has provided an announcement.
Alien Metals has announced that shareholders of its proposed joint venture partner, GreenTech Metals, have approved GreenTech’s acquisition of a 70% stake in the Munni Munni platinum-palladium-copper-nickel project in Western Australia, with Alien retaining a 30% interest free carried to bankable feasibility study. With the deal now moving through final administrative steps and drilling at Munni Munni restarted to update historic resources to current JORC standards, the consolidation of Munni Munni with GreenTech’s nearby Whundo project positions the partners for a potential district-scale, multi-commodity development hub in the West Pilbara at a time of strengthening PGE and copper markets, potentially enhancing project economics and Alien’s strategic exposure to critical metals.
The most recent analyst rating on (GB:UFO) stock is a Hold with a £0.14 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 down primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow despite improvement in 2024). Technical signals are moderately positive and provide some support, but valuation remains unattractive given negative earnings and no indicated dividend yield.
To see Spark’s full report on GB:UFO stock, click here.
More about Alien Metals Ltd
Alien Metals Limited is a mining exploration and development company listed on London’s AIM market, pursuing a balanced strategy of advancing and monetising its asset portfolio through technical work, project development, partnerships, and joint ventures. Its principal focus is the 90%-owned Hancock Iron Ore Project in Western Australia’s Pilbara region, which hosts a JORC-compliant resource and is being targeted for a 2Mtpa iron ore operation over 10 years with direct highway access to Port Hedland. Alien also holds exploration interests in the Brockman and Vivash iron ore projects, and retains 30% free-carried and joint venture interests in the advanced Munni Munni PGE project with GreenTech Metals and the Elizabeth Hill Silver Project with West Coast Silver, giving it exposure to platinum group metals, gold, copper, nickel and high-grade silver.
Average Trading Volume: 77,116,121
Technical Sentiment Signal: Buy
Current Market Cap: £14.43M
Find detailed analytics on UFO stock on TipRanks’ Stock Analysis page.