Aterian PLC - Fundraising of £1,000,000

Aterian PLC has successfully raised £1,000,000 through the issuance of 100,000,000 new ordinary shares at a price of 1.00 pence each, a premium of 11% to the previous closing price. This fundraising provides financial flexibility to support the company's goal of becoming a leading supplier of responsibly sourced critical minerals. The proceeds will be used for exploration activities in Morocco and Rwanda and general working capital purposes. Additionally, the company is exploring opportunities to unlock value from existing assets, such as the recent deal with Rio Tinto Exploration and Mining Ltd.

The fundraising is conditional on the admission of the new ordinary shares to the Standard Segment of the Official List and trading on the LSE. Each subscribed share will come with newly issued warrants, split for exercisability at different prices within set timeframes post-admission. The total voting rights post-fundraising will be 1,089,170,115, with each ordinary share equating to one vote.