Alien Metals (GB:UFO) has released an update.
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Alien Metals Ltd has entered into a joint venture with Errawarra Resources Ltd to explore and potentially develop lithium resources at its Pinderi Hills Project in Western Australia. Under the agreement, Errawarra can earn up to a 50% interest by spending up to A$4 million over 60 months. This deal allows Alien Metals to continue concentrating on its primary iron ore and PGM projects while expanding its portfolio into the promising lithium sector.
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