TIDMATN
RNS Number : 5771A
Aterian PLC
25 May 2023
25 May 2023
Key Advisory Appointments & Issue of Equity
Aterian Plc
(" Aterian " or the " Company")
Aterian Plc (LSE: ATN), the exploration, trading, and
development company advancing its portfolio of African-focused
critical and strategic metal assets, is delighted to announce the
appointments of Voltaire Minerals Partners (
https://www.voltaireminerals.com/ ) as a strategic advisor to the
Company, and Bald Voodoo as the Company's new Financial
Communications/PR firm. These exciting appointments mark a pivotal
moment in our journey toward advancing our objective of becoming a
leading exploration, trading, and development company of critical
and strategic metals.
At the same time, Aterian Plc announces the issue of 24,476,022
New Ordinary Shares at their par value of 1p. The New Ordinary
Shares are to compensate advisors and suppliers in lieu of cash
compensation and serve as long term performance
incentivisation.
Application will be made for the New Ordinary Shares to be
admitted to trading on the Main Market of the London Stock Exchange
which is expected to be on or around 31 May 2023. These shares rank
pari passu with the existing ordinary shares of the Company. .
Voltaire Minerals brings a wealth of knowledge, experience, and
key contacts in the mining and energy transistion sector. As our
newly appointed strategic advisor, Voltaire Minerals will play a
vital role in providing strategic guidance in securing key industry
partnerships, to both leverage and monetise our many valuable
assets. With their deep industry insights and commitment to
environmental stewardship, Voltaire Minerals is perfectly
positioned to help propel Aterian toward new horizons of growth,
profitability, and innovation while maintaining our resolute
dedication to sustainability.
Voltaire Minerals' vast industry experience, will enhance the
Company's ability to identify and maximise promising energy
transition opportunities including key industry partnerships. This
specialist appointment as a strategic advisor marks an exciting new
chapter in Aterian's journey.
Bald Voodoo, a boutique tactical communications, business
development and investor relations agency, will deliver a clear,
unified and coherent communications strategy to allow Aterian to
articulate more effectively with multiple stakeholder audiences
including, but not limited to, shareholders, industry bodies,
corporates and media. Bald Voodoo Founder, Ben Kilbey, has a wealth
of experience in the metals, mining and energy transition industry
and will assist, alongside Voltaire Minerals, in strengthening
Aterian's business plan and delivery.
Following the issue of the New Ordinary Shares, the Company's
issued share capital will comprise 989,170,115 Ordinary Shares. The
Company does not hold any shares in treasury. The above figure of
989,170,115 should be used by shareholders of the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
Charles Bray, Chairman of Aterian, commented:
"Given our recent positve exploration and operational updates,
it was critical to the Board and the management team that we sought
advice and brought on board those key strategic advisors with a
broad set of industry contacts and with the relevant experience in
negotiation to assist us in maximising the value to shareholders
from our increasingly valuable asset base. We believe strongly that
this share issuance is a value added transaction as the
appointments will allow us to engage with a broader audience of
industry partners. We are genuinely excited to add both Voltaire
Minerals and Bald Voodoo to our shareholder list and look forward
to working with them both and updating the market as to our
progress over the next weeks and months . "
- ENDS -
This announcement contains information which, prior to its
disclosure, was inside information as stipulated under Regulation
11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310
(as amended).
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:
Bald Voodoo - ben@baldvoodoo.com
Ben Kilbey
Tel: +44 (0)7811 209 344
Notes to Editors:
About Aterian plc
www.aterianplc.com
Aterian plc is an exploration, trading, and development company
with a diversified portfolio in Africa of critical and strategic
metals projects.
Aterian plc seeks 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 developing the renewable energy,
automotive, and electronic manufacturing sectors, which are playing
an increasing role in reducing carbon emissions and meeting climate
ambitions globally.
The Company currently has three partnerships in Rwanda,
exploring and developing small-scale tantalum-niobium-tin mining
opportunities and recently acquired Aterian Resources Ltd, which
owns a portfolio of 15 copper and silver projects with a project
area of 762 km(2) in the Kingdom of Morocco.
The Company is currently launching a new OECD compliant metals
concentrate trading business Rwanda, via its subsidiary Eastinco
Ltd.
The Company's strategy is 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.
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END
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May 25, 2023 02:00 ET (06:00 GMT)
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