Alien Metals Limited announced that its joint venture partner at the Munni Munni Project, GreenTech Metals Limited, has successfully raised A$7.5 million through a share placement to fund Phase II exploration and development activities. Alien Metals sold a portion of its GreenTech holding, realizing approximately A$700,000 in cash proceeds, and will retain a 10% stake in GreenTech following the placement's completion. This capital raise, bringing GreenTech's total fundraising to over A$12.0 million in six months, is viewed by Alien Metals' directors as strong validation of the Munni Munni Project's potential.
