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Alien Metals Ltd ( (GB:UFO) ) just unveiled an announcement.
Alien Metals Limited has announced a conditional sale agreement with GreenTech Metals Limited, allowing GreenTech to acquire a 70% interest in the Munni Munni Platinum Group Metals Project in West Pilbara. Alien will retain a 30% interest and enter a joint venture with GreenTech, which will manage and fund the project through to a bankable feasibility study. This strategic move aligns with Alien’s approach to enhance its asset base and maximize shareholder value while minimizing its financial commitment. The transaction, subject to GreenTech’s capital raise and shareholder approval, positions Alien to benefit from potential district-scale opportunities without additional exploration costs.
More about Alien Metals Ltd
Alien Metals Limited is a minerals exploration and development company focused on advancing its asset base through targeted technical work and strategic partnerships. The company operates primarily in the mining sector, with interests in platinum group metals, iron ore, and other mineral resources.
Average Trading Volume: 90,734,281
Technical Sentiment Signal: Sell
Current Market Cap: £11.82M
For detailed information about UFO stock, go to TipRanks’ Stock Analysis page.