REG - Aterian PLC - Q1 2026 Rwanda Trading Update

AterianAnnouncement

Today 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:20260407:nRSG3893Za&default-theme=true

RNS Number : 3893Z  Aterian PLC  07 April 2026

7 April 2026

Aterian Plc

("Aterian" or the "Company")

Q1 2026 Rwanda Trading Update

 

Aterian plc (LSE: ATN), the critical minerals exploration and development
company, is pleased to provide an update on its Rwandan mineral trading
operations for the first quarter ended 31 March 2026.

 

The Company continued to deliver strong growth in its trading activities
during the period, generating an unaudited gross profit of approximately
US$306,000. This represents a significant increase from the US$145,000
reported in Q4 2025, reflecting both higher volumes and improved operational
efficiency.

 

This performance highlights the continued successful execution of the
Company's strategy to complement its exploration portfolio with near-term,
cash-generative trading activities. The Company remains focused exclusively on
responsibly sourced, fully traceable mineral supply chains. The emphasis
remains on maintaining high traceability compliance and general margin
discipline, along with continued supply growth from compliant sources.

Aterian Executive Chairman Charles Bray commented:

"We have witnessed further growth in the development of Eastinco's trading
platform, with Q1 2026 unaudited gross profit increasing to approximately
US$306,000, more than doubling the US$145,000 reported in Q4 2025.

 

This strong improvement reflects a more robust and scalable trading model
capable of delivering meaningful cash generation alongside our exploration
activities. We are particularly encouraged by the growing consistency of
supply from compliant sources and the strengthening demand environment,
supported by favourable commodity pricing and increasing global requirements
for responsibly sourced materials. This positions Aterian as a credible and
differentiated participant in the international critical minerals market.

 

The progress achieved during the quarter provides clear validation of our
strategy to integrate trading as a core component of the Company's value
proposition. As we move to a larger processing facility and continue to scale
operations, we expect further improvements in both volumes and profit
potential, supported by enhanced working capital solutions and deepening
relationships with strategic partners.

 

Looking ahead, we remain confident that the trading business will play an
increasingly important role in underpinning Aterian's financial profile,
reducing reliance on external funding, and creating a strong platform from
which to advance our broader portfolio of exploration and development assets."

Outlook

Building on the positive momentum highlighted in the Company's 23 March 2026
update announcing the strategic trading JV with Wogen Resources, this latest
performance demonstrates continued delivery against strategy. The Company
expects further operational progress throughout 2026 as trading volumes
increase and efficiencies improve.

 

The Company will provide further updates on its trading operations and
strategic developments as appropriate.

 

- 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:

AlbR Capital Limited

David Coffman / Dan Harris

Colin Rowbury

Tel: +44 (0)207 7469 0930

 

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.

 

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 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 holds
an exploration licence in southern Rwanda, where it is evaluating the tantalum
and niobium opportunities and further exploring for pegmatite-hosted lithium.

 

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  TSTIFMPTMTMMBFF



            Copyright 2019 Regulatory News Service, all rights reserved