Alien Metals has pointed to a useful funding development for the Munni Munni Platinum-Palladium-Copper-Nickel Project in Western Australia, after joint venture partner GreenTech Metals raised A$7.5 million to support exploration across Munni Munni and Whundo.
This srengthens GreenTech’s ability to fund the next phase of work at Munni Munni, while Alien Metals keeps exposure to the project without carrying near-term funding pressure. Alien holds a 30% interest in Munni Munni and is free carried through to completion of a bankable feasibility study.
Munni Munni is moving forward with fresh capital behind it, and Alien Metals remains aligned to the asset through its retained stake. The company is not required to contribute to the costs of advancing the project at this stage, which helps preserve its balance sheet while keeping it connected to a critical minerals opportunity.
GreenTech’s latest A$7.5 million raise follows earlier project funding, taking its recent fundraising linked to Munni Munni and Whundo to more than A$12 million over the past six months. That level of funding support improves the practical ability to maintain field activity, progress exploration plans and support the technical work needed to move the project further along the development curve.
Munni Munni is considered prospective for platinum group metals, copper and nickel. These metals remain relevant to investors because they sit across established industrial demand, battery-related supply chains and broader energy transition themes. The project’s location in Western Australia also gives it exposure to a well-established mining jurisdiction, which can be important when assessing execution risk, infrastructure access and future development potential.
Alien Metals Ltd (LON:UFO) is a global minerals exploration and development company that will shortly make the transition to iron ore producer.
