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.