Eastinco Mining and Exploration plc (LSE: ATN), the critical and strategic metal-focused exploration and development company, announces that following the completion of the acquisition of Aterian Resources Limited and Admission to the Main Market of the London Stock Exchange, the name of the Company has been changed from Eastinco Mining and Exploration plc to Aterian plc with immediate effect.
For further information, please visit the Company’s website: www.aterianplc.com or contact:
Aterian Plc:
Charles Bray, Executive Chairman – charles.bray@aterianplc.com
Simon Rollason, Director – simon.rollason@aterianplc.com
Financial Adviser and Broker:
Novum Securities Limited
David Coffman / George Duxberry
Colin Rowbury
Tel: +44 (0)207 399 9400
Financial PR:
Yellow Jersey PR – aterian@yellowjerseypr.com
Tom Randell / Henry Wilkinson / Laurie Gellhorn
Tel: +44 (0)20 3004 9512
Notes to Editors:
About Aterian plc
Aterian plc is an exploration and development company with a diversified portfolio in Africa of critical and strategic metals projects.
Aterian plc is actively seeking to acquire and develop new critical and strategic metal resources to strengthen its existing asset base, whilst supporting ethical and sustainable supply chains. The supply of these metals is vital for the development of the renewable energy, automotive and electronic manufacturing sectors that are playing an increasing role in reducing carbon emissions and meeting climate ambitions globally.
The Company currently has three joint ventures in Rwanda where it is exploring and developing small-scale tantalum-niobium-tin mining operations and recently acquired Aterian Resources Ltd, a wholly owned and battery metals-focused subsidiary of Elemental Altus Royalties Corp (formerly Altus Strategies plc). Aterian owns a portfolio of 15 copper and silver projects with a project area of 762 km2 in the Kingdom of Morocco.
The Company’s strategy to seek new exploration and production opportunities across the African continent and to develop new sources of strategic and critical mineral assets for exploration, development, and trading.
End (Eastinco Mining – Change of Name).
Aterian Secures Trade Finance to Expand Mineral Trading
Aterian Plc secures a major trade finance facility, marking a transformational step in its growth. This deal strengthens mineral trading operations across Africa, accelerates revenue generation, and reinforces Aterian’s partnership-driven strategy—building on its lithium joint venture with Rio Tinto in Rwanda.
Aterian Completes Private Placement & Issues EBT Shares
Aterian Plc has completed a £140,000 private placement at a 29.9% premium, alongside issuing 361,000 shares to its Employee Benefit Trust for executive incentives.
Aterian Resumes Mineral Trading in Rwanda
Aterian Plc has announced that its subsidiary, Eastinco Limited, has resumed mineral trading operations in Rwanda after successfully implementing the Inkomane trading system established by the Rwanda Mines, Petroleum and Gas Board. The company is also finalising negotiations for a new trade finance facility to significantly increase trading volumes.
Rwanda Exploration Update (August 2024)
Mr. Charles Bray, Chairman of Aterian plc, commented: We will now focus on conducting drilling to establish the presence, extent, and grade of any spodumene-bearing lithium mineralization. Our goal is to maximize the project’s potential and contribute to the global supply of this critical battery metal.”
Drilling to Commence at Agdz Copper-Silver Project
Aterian Plc (LSE: ATN), the critical metal-focused exploration and development company, announces that its maiden Moroccan scout drilling programme is to commence imminently at the Company’s 100% owned Agdz Copper-Silver (“Cu-Ag”) Project (“Agdz” or the “Project”).
Rwanda Exploration Update (July 2024)
Aterian plc (LSE: ATN), the critical metal-focused exploration and development company, is pleased to provide an update on Rwandan exploration efforts by its Rwandan subsidiary, Eastinco Limited (“Eastinco”).
