Aterian PLC has recently completed a joint venture agreement with Lithosquare SAS, securing exploration funding for selected projects in Botswana and Morocco. This partnership combines Aterian's mineral portfolio with Lithosquare's technology to accelerate exploration and potentially increase shareholder value. Lithosquare plans to invest €1.0 million in nine projects, earning a 15% interest and NSR royalties.

This agreement provides non-dilutive funding, preserving exposure to exploration upside and future value creation. The 2026 exploration program includes drilling campaigns in Morocco and Botswana to enhance geological understanding and create value through target generation and project advancement. Management believes these programs will provide multiple opportunities for value inflection.