Aterian PLC - Off-take Agreement and Trade Finance Facility

Aterian PLC has successfully completed a key Off-take Agreement and secured a Trade Finance Facility, marking significant milestones for the company. The Agreement with a major international trading house allows for the sale of tantalum-niobium and tin concentrate from Rwandan-based ASM companies, enhancing revenue generation. Additionally, the $1.0 million Facility provides working capital for trading operations, ensuring operational efficiency. The off-take agreement guarantees a minimum fee based on volume deliveries, and Eastinco has developed relationships with Rwandan miners to secure metal concentrate supply.

The Facility, with a 14.4% interest rate, covers working capital requirements and is repayable every five months. Investors have the option to convert the Facility into equity. These strategic partnerships in trading aim to drive revenue growth and support exploration efforts in Rwanda, Morocco, and Botswana. Aterian prioritizes ethical and sustainable supply chains to meet global climate ambitions.