GreenTech Metals Limited (ASX:GRE) entered into a conditional sale agreement to acquire 70% stake in Munni Munni Tenements Project from Alien Metals Australia Pty. Ltd. for AUD 3.9 million on December 1, 2025. A cash consideration of AUD 0.5 million will be paid by GreenTech Metals Limited. The consideration consists of 47 million common equity of GreenTech Metals Limited to be issued for assets of Munni Munni Tenements Project. GreenTech Metals Limited has been granted an option to acquire an additional 10% interest in the Munni Munni Tenements, potentially increasing its stake to 80%, with the option exercisable within 12 months of completion. The company will solely fund the joint venture, while the Vendor will be free-carried until the completion of a Bankable Feasibility Study (BFS). Alien Metals Australia Pty. Ltd. will enter into the JV Agreement with GreenTech to facilitate the exploration and development of the Project. Pursuant to the terms of the JV Agreement, a joint venture holding the Project (the "Joint Venture") will be formed. Alien will hold a 30% interest in the Joint Venture, with GreenTech holding 70% and acting as manager of the Joint Venture. Completion of the transaction will take place 10 business days after all Conditions Precedent are satisfied. Upon completion, GreenTech Metals Limited will pay AUD 0.5 million in cash, issue Acquisition Consideration Shares, and execute necessary agreements with the Vendor. The Vendor is required to maintain all tenements in good standing and refrain from third-party negotiations until completion. Post-completion, both parties have a 10-business-day right to match any third-party offers on their interests. Additionally, GreenTech Metals Limited will assume a AUD 0.4 million royalty obligation to Franco-Nevada upon commercial mining. Also GreenTech Metals Limited will pay advisory fees consisting of 6 million shares to be paid in relation to the transaction subject to approval by shareholders.

The completion of the transaction is contingent upon several conditions, including a capital raising of AUD 3 million, obtaining shareholder approvals, securing necessary regulatory consents, and executing supporting agreements. Once these conditions are met, GreenTech Metals Limited will issue the consideration and take over as the operator. The expected completion of the transaction is January 13, 2026. As of December 3, 2025 5.24 million has been raised through private placement to fund the Munni Munni Project, existing minerals exploration programmes and for working capital.

James Harris and James Dance of Strand Hanson Limited acted as financial advisor for Alien Metals Australia Pty. Ltd. On January 21,2026, it was announced that the transaction has been approved by the shareholders of GreenTech Metals Limited (ASX:GRE) at the General Meeting and is now progressing the relevant administrative process to complete the transaction.

GreenTech Metals Limited (ASX:GRE) completed the acquisition of 70% stake in Munni Munni Tenements Project from Alien Metals Australia Pty. Ltd. on February 2, 2026.