Aterian hails milestone in growth strategy amid deal focused on Rwanda
Aterian PLC on Wednesday said it agreed to terms of a new trade finance facility with a ‘leading’ international trading house.
The Africa-focused mining company with projects in Botswana, Morocco and Rwanda said the deal marked ‘a significant milestone in its ongoing growth and expansion strategy.’
The agreement is a key component of its broader strategy, which is centred on the exploration and development of critical minerals, mainly copper and lithium assets, across Rwanda which started in late 2023.
Chair Charles Bray said: ‘This transaction underscores our trading model’s robustness and ability to capitalise on emerging opportunities within the critical metals sector. This is more than just a financial milestone-it is a game-changer for Aterian and its shareholders. Our partnership-driven approach has already demonstrated tangible success, exemplified by our lithium joint venture with Rio Tinto [PLC] in Rwanda. As we await assay results, we wish to stress that we have added value to a key Aterian asset whether the focus ultimately is on lithium and/or tantalum and niobium.’
Aterian shares rose 1.1% to 45.00 pence each on Wednesday afternoon in London.
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