- London-listed Aterian secures £455,000 ($610,000) from investors.
- Funds to support operations in Rwanda, Botswana, and Morocco.
- Company expands focus on copper, lithium, and coltan projects across Africa.
London-listed mining company Aterian Plc has secured formal investor commitments for a £455,000 ($610,000) share placement. The new fundraising comes shortly after the company announced in late September that it had raised $325,000 to support its general operations.
According to details released on Friday, October 17, Aterian said the funds will mainly support its activities in Rwanda, Botswana, and Morocco.
In Rwanda, the company is developing a trading platform for tantalum-niobium (coltan) concentrates sourced from artisanal and small-scale miners. It also operates the HCK and Musasa lithium and tantalum projects in the country. In Botswana, Aterian is advancing the Sua Pan lithium project and copper exploration across the Kalahari Copperbelt. In Morocco, its focus remains on copper exploration through the AGDZ, Jafra, Tata, and Jebilet Est projects.
“Our near-term focus remains on expanding trading operations through our Rwandan subsidiary, Eastinco Ltd, while continuing technical and permitting work across our Moroccan copper projects at Agdz, Jebilet Est, and Tata and in Botswana over the Kalahari Copper Belt licences,” said Aterian Executive Chairman Charles Bray.