REG - Aterian PLC - Collaborative Launch of AI-Driven Exploration Tech

AterianAnnouncement

15/08/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250815:nRSO4103Va&default-theme=true

RNS Number : 4103V  Aterian PLC  15 August 2025

 

15 August 2025

 

Aterian plc

("Aterian" or the "Company")

 

Collaborative Launch of AI-Driven Exploration Tech

Aterian plc (LSE: ATN), the critical mineral exploration and development
company, is pleased to announce that it has entered into a pioneering
Memorandum of Understanding ("MoU") with a stealth-stage, machine learning
start-up ("MLS") specialising in advanced computational modelling for mineral
exploration. MLS is spun out from the University of Cambridge and backed by
the Royal Academy of Engineering and Entrepreneurs First - a global talent
investor co-founded by Matt Clifford (former AI Opportunities Advisor to Keir
Starmer, UK Prime Minister).

Under the MoU, the parties will collaborate on a multi-phase pilot programme
applying MLS's multimodal, explainable network inference technology to
Aterian's exploration portfolio, with an initial focus on the portfolio in
Morocco.

Phase 1 of the pilot will use historical exploration data from Morocco to
develop and back-test a machine learning model designed to identify promising
drill targets, aiming to achieve a significant reduction in drilling
requirements while maintaining or improving resource estimation confidence.

Phase 2, subject to the successful completion of Phase 1 and agreement on
commercial terms, will adapt the model to planned future exploration across
Aterian's portfolio of pipeline projects, delivering significant cost savings
and accelerating discovery timelines.

MLS's proprietary algorithms have been developed by a team with deep expertise
in geophysics, artificial intelligence, and energy transition infrastructure.
They are designed to enhance exploration efficiency, reduce costs, and
mitigate project development risks.

Charles Bray, Chairman of Aterian, commented:

"This groundbreaking collaboration combines Aterian's strong portfolio of
African-focused critical mineral assets with advanced AI technology being
developed by a University of Cambridge spin-out stealth company. We already
see significant potential for this partnership to deliver faster, more
intelligent exploration targeting, ultimately enhancing value for our
shareholders while supporting the global energy transition's demand for
responsibly sourced metals.

 

Harnessing the power of AI to analyse and interpret complex geological data in
ways never before possible opens an entirely new chapter in how we explore and
discover mineral resources. We see immense potential for this partnership to
accelerate Aterian's exploration planning, unlock hidden value in our
portfolio, and deliver transformational benefits for our shareholders while
contributing to the global energy transition's demand for responsibly sourced
metals."

 

MLS commented:

"We are excited to work with Aterian to demonstrate the potential of our
technology to materially improve exploration outcomes while reducing drilling
requirements. By leveraging historical and new data, we aim to help Aterian
unlock critical mineral discoveries more efficiently and sustainably."

 

- ENDS -

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).

 

Engage directly with the Aterian plc management team by asking questions,
watching video
summaries, and seeing what other shareholders have to say.
Please navigate to our interactive investor
hub here:
https://aterianplc.com/s/fcf8eb (https://aterianplc.com/s/fcf8eb)

 

 

For further information, please contact:

 

 Investor questions on this announcement

 We encourage all investors to share questions   https://aterianplc.com/s/fcf8eb (https://aterianplc.com/s/fcf8eb)

 on this announcement via our investor hub

Aterian plc:

Charles Bray, Executive Chairman - charles.bray@aterianplc.com
(mailto:charles.bray@aterianplc.com)

Simon Rollason, Director - simon.rollason@aterianplc.com
(mailto:simon.rollason@aterianplc.com)

 

Financial Adviser and Joint Broker:

Novum Securities Limited

David Coffman / Anastassiya Eley

Colin Rowbury

Tel: +44 (0)207 399 9400

 

Joint Broker:

SP Angel Corporate Finance LLP

Ewan Leggat / Adam Cowl

Tel: +44 20 3470 0470

 

Financial PR:

Bald Voodoo - ben@baldvoodoo.com (mailto:ben@baldvoodoo.com)

Ben Kilbey

Tel: +44 (0)7811 209 344

 

Subscribe to our news alert service: https://atn-l.investorhub.com/auth/signup
(https://atn-l.investorhub.com/auth/signup)

Notes to Editors:

About Aterian plc

www.aterianplc.com (http://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 while supporting ethical and
sustainable supply chains as the world transitions to a sustainable, renewable
future. The supply of these metals is vital for developing the renewable
energy, automotive, and electronic manufacturing sectors, which are
increasingly important in reducing carbon emissions and meeting global climate
ambitions.

 

The Company has entered into a joint venture agreement with Rio Tinto Mining
and Exploration Limited. Rio Tinto are earning into the HCK project in
southern Rwanda, exploring and developing a lithium-tantalum-niobium-tin
mining operation. The Company also holds an exploration licence in Rwanda.
Aterian has a portfolio of multiple copper-silver (+ gold) and base metal
projects in Morocco. Aterian holds a 90% interest in Atlantis Metals. This
private, Botswana-registered company holds ten mineral prospecting licences
for copper-silver in the world-renowned Kalahari Copperbelt and three for
lithium brine exploration in the Makgadikgadi Pans region.

 

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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDUSOVRVOUWAAR