REG - Aterian PLC - Key Advisory Appointments & Issue of Equity

AterianAnnouncement

25/05/2023 07:00

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RNS Number : 5771A  Aterian PLC  25 May 2023

25 May 2023

 

Key Advisory Appointments & Issue of Equity

Aterian Plc

("Aterian" or the "Company")

Aterian Plc (LSE: ATN), the exploration, trading, and development company
advancing its portfolio of African-focused critical and strategic metal
assets, is delighted to announce the appointments of Voltaire Minerals
Partners (https://www.voltaireminerals.com/
(https://www.voltaireminerals.com/) ) as a strategic advisor to the Company,
and Bald Voodoo as the Company's new Financial Communications/PR firm. These
exciting appointments mark a pivotal moment in our journey toward advancing
our objective of becoming a leading exploration, trading, and development
company of critical and strategic metals.

At the same time, Aterian Plc announces the issue of 24,476,022 New Ordinary
Shares at their par value of 1p. The New Ordinary Shares are to compensate
advisors and suppliers in lieu of cash compensation and serve as long term
performance incentivisation.

Application will be made for the New Ordinary Shares to be admitted to trading
on the Main Market of the London Stock Exchange which is expected to be on or
around 31 May 2023. These shares rank pari passu with the existing ordinary
shares of the Company. .

Voltaire Minerals brings a wealth of knowledge, experience, and key contacts
in the mining and energy transistion sector. As our newly appointed strategic
advisor, Voltaire Minerals will play a vital role in providing strategic
guidance in securing key industry partnerships, to both leverage and monetise
our many valuable assets. With their deep industry insights and commitment to
environmental stewardship, Voltaire Minerals is perfectly positioned to help
propel Aterian toward new horizons of growth, profitability, and innovation
while maintaining our resolute dedication to sustainability.

Voltaire Minerals' vast industry experience, will enhance the Company's
ability to identify and maximise promising energy transition opportunities
including key industry partnerships. This specialist appointment as a
strategic advisor marks an exciting new chapter in Aterian's journey.

 

Bald Voodoo, a boutique tactical communications, business development and
investor relations agency, will deliver a clear, unified and coherent
communications strategy to allow Aterian to articulate more effectively with
multiple stakeholder audiences including, but not limited to, shareholders,
industry bodies, corporates and media. Bald Voodoo Founder, Ben Kilbey, has a
wealth of experience in the metals, mining and energy transition industry and
will assist, alongside Voltaire Minerals, in strengthening Aterian's business
plan and delivery.

 

Following the issue of the New Ordinary Shares, the Company's issued share
capital will comprise 989,170,115 Ordinary Shares. The Company does not hold
any shares in treasury. The above figure of 989,170,115 should be used by
shareholders of the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under the
Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

Charles Bray, Chairman of Aterian, commented:

"Given our recent positve exploration and operational updates, it was critical
to the Board and the management team that we sought advice and brought on
board those key strategic advisors with a broad set of industry contacts and
with the relevant experience in negotiation to assist us in maximising the
value to shareholders from our increasingly valuable asset base. We believe
strongly that this share issuance is a value added transaction as the
appointments will allow us to engage with a broader audience of industry
partners.  We are genuinely excited to add both Voltaire Minerals and Bald
Voodoo to our shareholder list and look forward to working with them both and
updating the market as to our progress over the next weeks and months."

 

- 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 Broker:

Novum Securities Limited

David Coffman / George Duxberry

Colin Rowbury

Tel: +44 (0)207 399 9400

 

Financial PR:
Bald Voodoo - 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 exploration, trading, and development company with a
diversified portfolio in Africa of critical and strategic metals projects.

Aterian plc seeks to acquire and develop new critical and strategic metal
resources to strengthen its existing asset base whilst supporting ethical and
sustainable supply chains. The supply of these metals is vital for developing
the renewable energy, automotive, and electronic manufacturing sectors, which
are playing an increasing role in reducing carbon emissions and meeting
climate ambitions globally.

 

The Company currently has three partnerships in Rwanda, exploring and
developing small-scale tantalum-niobium-tin mining opportunities and recently
acquired Aterian Resources Ltd, which owns a portfolio of 15 copper and silver
projects with a project area of 762 km(2) in the Kingdom of Morocco.

 

The Company is currently launching a new OECD compliant metals concentrate
trading business Rwanda, via its subsidiary Eastinco Ltd.

 

The Company's strategy is to seek new exploration and production opportunities
across the African continent and to develop new sources of strategic and
critical mineral assets for exploration, development, and trading.

 

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