Aterian PLC - CLN Conversion and Issue of new shares

Aterian PLC has announced the conversion of £542,197 in CLNs and creditor balances, resulting in the issue of 774,566 new ordinary shares. The funds will be used for Moroccan exploration and general corporate purposes. The admission of these new shares is expected around 1 July 2024 and will bring the total issued share capital to 11,666,276 shares.

The company's strategy focuses on acquiring and developing critical metal resources to support sustainable supply chains. Aterian has joint ventures with Rio Tinto and multiple projects in Africa, including copper-silver and base metal projects in Morocco. This move aligns with global efforts to reduce carbon emissions and meet climate goals.