Aterian PLC - Rio Tinto Drilling Update, Rwanda

Aterian PLC is pleased to update investors on the progress of drilling operations on the HCK Project in Rwanda, supervised by Rio Tinto. The drilling has resumed after the holidays, with promising results from the initial two holes. Geological and mineralogical analysis is ongoing, and initial assay results are expected by Q1/2025. This project represents a significant step in advancing our strategic objectives in exploring critical metals, specifically lithium and tantalum.<br/><br/>We have a Joint Venture and Operating Agreement with HCK Mining Company Limited, with Rio Tinto investing up to US$7.5 million to explore and develop the Licence. Our focus remains on creating sustainable value for our shareholders, utilizing knowledge gained from HCK across our exploration portfolio. The positive advancements in Rwanda complement our projects in Morocco and Botswana, showcasing exceptional potential.<br/><br/>We invite investors to ask questions and engage with us to understand further how these developments impact the company's long-term success. Your trust and support are integral to our mission of delivering value and growth. Stay updated on our progress at HCK and our commitment to creating value across all our assets. For more information, visit our website or contact us directly. Thank you for your continued support.