Aterian PLC (GB:ATN) has released an update.
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Aterian Plc, a strategic metal exploration and development firm listed on the LSE, reported interim losses of £504,000, attributed to costs in exploring and setting up a mineral trading business in Africa. The company, engaged in projects across Rwanda, Morocco, and Botswana, is expanding its portfolio with a focus on critical metals essential for renewable energy and electric vehicles. Notably, Aterian secured an off-take agreement for metal concentrates from Rwanda and a $1 million trade finance debt facility to enhance its trading operations.
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