25 September
2024
Aterian Plc
("Aterian" or the
"Company")
Issue of Equity and Grant of Warrants
Aterian Plc
(LSE: ATN), the critical and strategic
metal-focused exploration and development company, announces the
issue of 13,534 new ordinary shares of 10p ("New Ordinary Shares") at a price of 70p per
share to a financial investor as part of its trade finance funding
arrangement. The Company has also granted the investor 81,256
warrants to subscribe for new ordinary shares, exercisable at £1.00
per share at any time until 30 August 2027.
Application is being made for the 13,534 New
Ordinary Shares to be admitted to the Official List and to trading
on the Main Market of the London Stock Exchange which is expected
to be on or around 30 September 2024. These shares rank pari passu
with the existing ordinary shares of the Company.
Following the issue of the 13,534 New Ordinary
Shares, the Company's issued ordinary share capital shall consist
of 11,679,810 ordinary shares.
This figure of 11,679,810 represents the total
voting rights in the Company and should be used by shareholders as
the denominator for the calculation by which they can determine if
they are required to notify their interest in, or a change to their
interest in, the Company under the Financial Conduct Authority's
Disclosure Guidance & Transparency Rules.
This announcement contains information which,
prior to its disclosure, was inside information as stipulated under
Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations
2019/310 (as amended).
For further
information, please visit the Company's website:
www.aterianplc.com or
contact:
Aterian Plc:
Charles Bray,
Executive Chairman -
charles.bray@aterianplc.com
Simon Rollason,
Director - simon.rollason@aterianplc.com
Financial Adviser and Joint
Broker:
Novum Securities
Limited
David Coffman / George
Duxberry
Colin
Rowbury
Tel: +44 (0)207 399
9400
Joint Broker:
SP Angel Corporate
Finance LLP
Ewan Leggat / Kasia
Brzozowska
Tel: +44 20 3470
0470
Financial PR:
Bald Voodoo -
ben@baldvoodoo.com
Ben Kilbey
Tel: +44 (0)7811 209 344
Notes to Editors:
About Aterian plc
www.aterianplc.com
Aterian plc is an LSE-listed exploration and
development company with a diversified African portfolio of
critical metals projects.
Aterian plc is actively seeking to acquire and
develop new critical metal resources to strengthen its existing
asset base whilst supporting ethical and sustainable supply chains
as the world transitions to a sustainable, renewable future. The
supply of these metals is vital for the development of the
renewable energy, automotive and electronic manufacturing sectors
that are playing an increasing role in reducing carbon emissions
and meeting climate ambitions globally.
The Company entered into a joint venture
agreement with Rio Tinto Mining and Exploration Limited for Rio
Tinto to earn into the HCK project in southern Rwanda to explore
and develop lithium-tantalum-niobium-tin mining operations. Aterian
currently holds a portfolio of multiple copper-silver and base
metal projects in the Kingdom of Morocco, with a total area of 897
km2. In January 2024, the Company announced the acquisition of a 90
% interest in Atlantis Metals. This private Botswana registered
company holds seven mineral prospecting licences for copper-silver
in the Kalahari Copperbelt and three for lithium brine exploration
in the Makgadikgadi Pans region. The total licence area in Botswana
is 4,486 km2.
The Company's strategy is to seek new
exploration and production opportunities across the African
continent and to develop new sources of critical mineral assets for
exploration, development, and trading.