REG - Aterian PLC - Temporary Amendment of Warrant Exercise Price

AterianAnnouncement

05/11/2025 12:00

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RNS Number : 3195G  Aterian PLC  05 November 2025

05 November 2025

 

Aterian Plc
("Aterian", the "Company" or the "Group")

Temporary Amendment of Warrant Exercise Price

Aterian plc (LSE: ATN), the critical and strategic metals-focused exploration
and trading company, announces that the directors have approved a temporary
amendment to the terms of the Company's Series 12 Warrants, which were issued
on 12 October 2022 and are due to expire on 30 December 2025.

Under the amendment, the effective exercise price of the Series 12 Warrants
will immediately,  and temporarily, be reduced for a two-week period from 150
pence per share to 32.5 pence per share. This amendment will apply only where
the Company receives a notice of exercise and the full consideration on or
before 21 November 2025.

Following that date, the exercise price of the Series 12 Warrants will revert
to 150 pence per share for the remainder of the warrant term.

The Board believes this amendment provides warrant holders with an opportunity
to participate in the Company's recent equity placing price, while also
strengthening Aterian's balance sheet through potential new capital inflows.

- 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 with the Aterian PLC management team directly 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 / 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 hold an exploration licence in southern Rwanda, where it is
evaluating the tantalum and niobium opportunity, in addition to further
exploring for pegmatite-hosted lithium. 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.

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