Alien Metals (AIM:UFO), in its financial results statement, highlighted that it had completed binding joint ventures in 2025 that materially reduced its near‑term funding burden while retaining 30% project exposure.
The AIM‑listed minerals exploration and development company, during the year, sold a 70% stake in the Elizabeth Hill asset to West Coast Silver (ASX:WCE), for A$500,000 cash and 44.5 million WCE shares, and retained the other 30% as a free‑carried interest (through to a decision to mine).
Since then, the stake was boosted by 'bonanza' silver assays in WCE drill results, and the partner is working toward a resource update in calendar Q4 2026, whilst around 6,000 metres of new drilling is expected to bring the project towards a scoping study.
Elsewhere, Alien divested a 70% stake in the Munni Munni project to GreenTech Metals (ASX:GRE), similarly for cash and shares, and it also retains a 30% stake, free-carried to bankable feasibility.
Tuesday's results statement also noted that the small-cap firm continued to advance its Pilbara iron‑ore portfolio in the period.
"2025 was a transformational year for Alien Metals, with the completion of two strategic joint ventures that I believe significantly strengthened the Company's position whilst reducing funding requirements and retaining substantial future upside," said Bruce Garlick, Alien's Executive Chairman.
