Aterian PLC - Transformational AI-Led JV with Lithosquare SAS

Exciting times ahead for Aterian plc! I'm thrilled by this announcement which is an important validation of the value embedded in our exploration portfolio.

Why this matters:

• The JV implies at least a value of 7.0 million euros for the top eight exploration assets and brings a 1.4m euro exploration work programme across Morocco and Botswana in exchange for a 20% equity and 0.5% NSR stakes in the projects with zero dilutiion for Aterian shareholders.

• The collaboration represents a transformational shift in how we unlock value - moving beyond traditional exploration, deploying advanced technology to rapidly advance multiple projects in parallel, at scale and speed.

• The JV underscores the strength and potential of our existing portfolio - it signals a new era for exploration: smarter, faster, and more capital efficient.