Business
Transaction secured for JV partner at Munni Munni
Alien Metals Limited has completed a significant transaction with GreenTech Metals Limited, forming a joint venture for the Munni Munni Platinum Group Metals Project where GreenTech acquires a 70% interest and Alien retains 30%. GreenTech will fund the project through to a bankable feasibility study, meaning Alien's interest is free carried, and Alien received A$0.5 million cash plus 47 million GreenTech shares valued at approximately A$6.11 million as of January 30, 2026, bringing the total consideration value to approximately A$6.61 million. Additionally, Alien retains a 30% interest in the project's silver rights, also free carried through to a decision to mine. Disclaimer*
About this update from Alien Metals Ltd
[{"type":"text","content":"\n\n \n\nTrading Symbols\nAIM: UFO\nFWB: I3A1\n2 February 2026\n \nAlien Metals Limited\n(\"Alien\" or the \"Company\")\nAlien Metals completes significant transaction to secure joint venture partner for Munni Munni Platinum Group Metals Project\nAlien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to announce that further to the Company's announcement on 1 December 2025 (the \"Announcement\"), it has completed its partial asset sale and joint venture transaction with Australian publicly listed company; GreenTech Metals Limited (ASX: GRE) (\"GreenTech\") in respect of the Munni Munni Platinum-Palladium-Copper-Nickel Project (\"Munni Munni\" or the \"Project\") and surrounding tenements in the West Pilbara region of Western Australia (\"Transaction\").\nHighlights\n· GreenTech has completed the acquisition of a 70% interest in the Project, comprising four Mining Leases and two Exploration Licences (~180km²), with Alien (via its wholly owned subsidiary, Alien Metals Australia Pty Ltd (\"AMA\")) retaining the remaining 30% interest in the Project.\n· All conditions precedent to the Transaction have been satisfied or waived, and, pursuant to the terms of the Transaction, a project joint venture holding the Project (the \"JV\") has now been formed. Alien holds 30% interest in the JV, with GreenTech holding a 70% interest and acting as manager of the JV.\n· GreenTech will operate and solely fund the JV through to completion of a bankable feasibility study, meaning Alien's 30% interest is free carried through this period. During this free-carry period, Alien retains the right, inter alia, to be consulted and be party to the making of material decisions in relation to the JV via meetings of the management committee, which has been established from completion of the Transaction.\n· Consideration for the Transaction comprises:\no A$0.5 million cash payment to AMA which has now been settled; and\no the issue to AMA of 47 million ordinary shares (the \"Consideration Shares\") in the capital of GreenTech (\"GreenTech Shares\"). As at the GRE closing share price of A$0.13 on 30 January 2026, the value of Consideration Shares is A$6.11 million.\n· Alien may sell down up to 9,090,909 Consideratio...