Business
GreenTech raise A$5.2m for Munni Munni exploration
Alien Metals Limited has announced a significant update regarding its conditional transaction with GreenTech Metals Limited for the Munni Munni PGE-Cu-Ni Project, as GreenTech has successfully secured firm commitments for an approximately A$5.2 million capital raise at A$0.055 per share. This placement, which was oversubscribed, satisfies a key condition precedent for the transaction, and the proceeds are earmarked for immediate exploration work at Munni Munni, including drilling commencing imminently with approximately 20 holes planned. Alien shareholders will benefit from a 30% free carried interest through to a bankable feasibility study, and the company will receive A$0.5 million cash and 47 million GreenTech shares, representing a 17.37% stake. Completion of the transaction remains subject to GreenTech shareholder approval and the execution of the Joint Venture Agreement and ancillary documents. Disclaimer*
About this update from Alien Metals Ltd
[{"type":"text","content":"\n\n \n\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (596/2014/EU) AS THE SAME HAS BEEN RETAINED IN UK LAW AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.\nTrading Symbols\nAIM: UFO\nFWB: I3A1\n3 December 2025\n \nAlien Metals Limited\n(\"Alien\" or the \"Company\")\nTransaction Update - GreenTech announces A$5.2m capital raise to expedite exploration at Munni Munni PGE-Cu-Ni project\nCapital Raising Condition Satisfied\nAlien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to provide an update on the conditional transaction announced on 1 December 2025 between its wholly owned subsidiary, Alien Metals Australia Pty Ltd (\"AMA\"), and GreenTech Metals Limited (ASX: GRE) (\"GreenTech\") regarding the Munni Munni PGM-Cu-Ni Project (the \"Project\").\nOne of the key conditions precedent has been satisfied\nGreenTech has today announced that it has secured firm commitments of approximately A$5.2 million at A$0.055 per share from institutional and sophisticated investors in an oversubscribed placement (\"the Placement\").\nThis satisfies one of the key conditions precedent under the Sale Agreement announced on 1 December 2025.\nGreenTech will require shareholder approval to finalise the Placement in full.\nRemaining Conditions Precedent\nCompletion of the Transaction remains subject to the satisfaction or waiver of the remaining conditions precedent under the Sale Agreement, including:\no GreenTech shareholder approval for the issue of the Consideration Shares in accordance with ASX Listing Rule 7.1, and for the Placement.\no Execution of the Joint Venture Agreement between AMA and GreenTech.\no Execution of ancillary agreements required for the Joint Venture to proceed.\no Any remaining third-party or regulatory approvals required under the Transaction documents.\nCompletion will occur ten Business Days following satisfaction or waiver of all condition...