Announcement • Jul 01
Aterian plc and Lithosquare Commence Joint Exploration Programmes in Morocco and Botswana Aterian plc announced that field operations have commenced under its recently established strategic joint venture with Lithosquare, marking the transition from partnership formation to active exploration across the Company's priority projects in Morocco and Botswana. Following a comprehensive technical review of Aterian's exploration portfolio, the joint technical team has developed and commenced a systematic exploration strategy designed to accelerate discovery, improve drill targeting and unlock value across the Company's critical minerals assets. The programmes combine advanced exploration technologies, including hyperspectral satellite imagery, artificial intelligence-driven target generation, geophysics, geochemistry and drilling, to prioritise the Company's highest-potential projects while building a pipeline of future drilling opportunities. The programmes have been established and optimised based on Lithosquare's Geology AI. Joint exploration programmes are now underway in Morocco and Botswana. Immediate field operations have commenced following completion of the joint technical review. Exploration strategy prioritises rapid advancement of the Company's highest-value projects towards drilling while systematically generating new targets across the wider portfolio. First drilling campaigns are planned at the Agdz Project in Morocco and PL199/2025 in Botswana. Lithosquare's proprietary Geology AI and advanced exploration platform will be fully integrated with Aterian's geological, geophysical and geochemical datasets to enhance target generation and reduce exploration risk. The programmes establish a clear pipeline of exploration catalysts, expected to deliver regular operational news flow over the coming months. The commencement of exploration programmes marks the first operational milestone since the establishment of the Aterian-Lithosquare partnership. The combined technical teams have reviewed the Company's project portfolio and identified a phased exploration strategy focused on rapidly advancing the most prospective assets whilst continuing to generate additional high-quality drill targets through the application of modern exploration technologies. Rather than pursuing isolated exploration campaigns, the programmes have been designed as an integrated workflow in which geological mapping, hyperspectral satellite imagery, geophysics, geochemistry and structural interpretation are combined within Lithosquare's AI-driven exploration platform to continuously refine and prioritise targets for drilling. This approach is intended to improve exploration efficiency, accelerate decision-making, and maximise the value generated from Aterian's exploration portfolio. The Morocco exploration programme focuses on advancing three priority projects (Agdz, Azrar and Tata) through a combination of geological mapping, hyperspectral analysis, trenching, geophysics and drilling. Exploration will focus on improving structural understanding of the mineralised system through trenching and geological mapping while supporting permit renewal activities. The recently completed ground magnetic survey data at Agdz Est is currently being processed and interpreted, with results expected shortly. The trenching and geological mapping programme is underway. Work at Azrar will include hyperspectral surveys, ground magnetic and induced polarisation ("IP") surveys, geological mapping and channel sampling ahead of the first reverse circulation ("RC") drilling programme designed to test priority targets. Exploration at Tata will concentrate on defining drill targets for a future drilling campaign through airborne geophysics, drone magnetic surveys and field mapping. The hyperspectral datasets generated across Morocco will be integrated with existing geological, geophysical and geochemical information and analysed through Lithosquare's proprietary AI platform to enhance target ranking and drill planning. The Botswana programme focuses on systematically advancing multiple licences across the Kalahari Copper Belt while progressing PL199/2025 towards its first drill campaign. Work at PL199/2025 will include drone magnetic surveys and IP geophysics ahead of an initial RC drilling programme to test priority targets identified through the joint technical review. Exploration at PL157/2024 will comprise soil geochemistry and drone-based geophysics to define future drill targets. Across PL197/2025, PL265/2025, PL155/2024 and PL2622/2023, the programme will focus on systematic geophysical surveys, geochemical interpretation and target generation to prioritise future drilling opportunities, alongside ongoing environmental and permitting work. An environmental consultancy has been engaged to compile and submit the prerequisite documents required to obtain permits for so-called invasive exploration programmes, such as drilling on the licences. Results from a reconnaissance soil sampling programme for PL2622/2023 are expected in late July 2026. Drone magnetic surveys and soil sampling are expected to commence in the coming weeks as field operations begin across the Botswana portfolio. Announcement • Jun 02
Aterian plc, Annual General Meeting, Jun 25, 2026 Aterian plc, Annual General Meeting, Jun 25, 2026. Location: the offices of hill dickinson llp, the broadgate tower, 20 primrose street, ec2a 2ew, london United Kingdom Announcement • May 19
Aterian plc announced that it expects to receive £0.3 million in funding Aterian plc announced that it has entered into a subscription agreement with new and existing shareholders to issue zero-coupon convertible loan note in the principal amount of £300,000 and 600,000 series 29 warrants at n exercise price of £0.325 for gross proceeds of £300,000 on May 19, 2026. The notes will automatically convert into new ordinary shares of £0.10 at a conversion price of £0.25 on December 31, 2026 resulting in a total of 1,200,000 new ordinary shares being issued. The warrants will expire on February 15, 2028. 
