REG - Aterian PLC - Equity Capital Financing

AterianAnnouncement

17/10/2025 15:30

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RNS Number : 8971D  Aterian PLC  17 October 2025

17 October 2025

 

Aterian Plc

("Aterian" or the "Company")

 

Equity Capital Financing

Aterian Plc (LSE: ATN), the Africa-focused critical minerals exploration and
development company, is pleased to announce it has successfully secured signed
subscriptions for GBP 455,000 of equity capital through the issue of 1.4m new
ordinary shares ("Subscription Shares") to both new and existing investors at
a price of 32.5p per Subscription Share.    This financing round follows
the recently secured mezzanine capital which will facilitate Aterian's rapidly
expanding, revenue-generating mineral trading operations in Rwanda.

Additionally, the Company is issuing 500,000 shares to the Company's Employee
Benefit Trust to incentivise employees  ("EBT Shares") and 100,000 shares to
a creditor to settle an outstanding debt for $45,000 ("Creditor Shares").

An application will be made for the Subscription Shares, EBT Shares and
Creditor Shares, (together "the New Ordinary Shares") to be admitted to the
Official List and to trading on the London Stock Exchange, with admission
expected to occur on or around 23 October 2025. The New Ordinary Shares will
rank pari passu with the existing Ordinary Shares of the Company. Following
the issue of the New Ordinary Shares, the Company's enlarged issued share
capital will comprise 14,802,044 Ordinary Shares.

This figure of 14,802,044 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.

Charles Bray, Executive Chairman of Aterian, commented:

"The raise, which has secured a minimum of £455,000 through the issue of 1.4
million new ordinary shares at 32.5 pence per share, was well supported by
both new and existing investors. On behalf of the Board, I would like to
extend my sincere appreciation to all those who participated and to our
advisers for their efforts in completing the transaction efficiently and
transparently.

The new funds provide Aterian with the flexibility to advance its operational
objectives and maintain momentum across our core exploration and trading
businesses. The proceeds will be directed primarily toward:

·      Expanding the Company's minerals trading platform, ensuring
steady throughput volumes and supply-chain visibility from source to export;

·      Progressing exploration and development programmes within our
Moroccan copper-silver and Botswana copper and lithium portfolios; and

·      Supporting working capital and corporate readiness as we
transition toward cash-generative operations and a stronger, self-sustaining
group structure.

Over the past year, Aterian has made substantial progress in building a
platform that bridges responsible sourcing, traceability, and commercial
scalability in Africa's critical minerals sector. The combination of
exploration expertise and trading capability positions Aterian uniquely among
London-listed peers - offering investors exposure to both discovery upside and
immediate revenue opportunities.

Our near-term focus remains on expanding trading operations through our
Rwandan subsidiary, Eastinco Ltd, while continuing technical and permitting
work across our Moroccan copper projects at Agdz, Jebilet Est, and Tata and in
Botswana over the Kalahari Copper Belt licences. The groundwork laid in recent
months ensures that the capital raised today will translate directly into
measurable progress on the ground.

As always, our operational expansion will remain underpinned by strong
governance and adherence to international ESG standards - including the OECD
Due Diligence Guidance and the Responsible Minerals Initiative (RMI). We
continue to reinforce our internal compliance frameworks and community
partnerships, particularly in Rwanda, where partnerships with, and
formalisation and traceability of artisanal mining remain a cornerstone of our
approach.

With a reinforced balance sheet, Aterian is well placed to deliver on its dual
mission: advancing exploration assets toward commercialisation and scaling
mineral trading into sustainable profitability.

I would like to thank our shareholders for their continued confidence, our
employees for their hard work and dedication, and our partners across Africa
for their collaboration and trust. The Board and I remain confident that
Aterian's strategy - combining responsible sourcing with value creation in
critical minerals - will deliver significant long-term benefits for all
stakeholders."

- 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).

 

For further information, please visit the Company's website:
www.aterianplc.com (http://www.aterianplc.com) or contact:

 

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:

AlbR Capital Limited

David Coffman

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

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.

 

Aterian has a portfolio of multiple copper-silver (+ gold) and base metal
projects in Morocco. Aterian holds a 90% interest in Atlantis Metals, a
private Botswana-registered company holding seven 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.

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