Aterian bags funding for Moroccan, African mineral projects

Aterian has announced it has secured £500,000 in funding to aid in pursuing its strategic initiatives, with a focus on advancing exploration drilling in Agdz, Morocco, alongside operations in Rwanda and Botswana.

Firm’s Chair Charles Bray confirmed the report and said the firm’s focus on Morocco, where it manages a portfolio of 17 projects targeting copper, silver, and other base metals, aligns with global trends towards electrification and renewable energy production. These metals are experiencing growing demand, positioning Aterian well to capitalize on emerging opportunities in the market.

Equity financing

He highlighted the importance of this capital infusion, noting the challenging context of equity financing for small caps. Charles Bray also expressed gratitude towards investors reflecting their trust in Aterian’s vision and strategy, indicating a strong partnership between the company and its stakeholders. The alignment between management and shareholders further emphasizes a collective commitment to value creation and the realization of Aterian’s objectives.

“This capital has been issued at a premium and in a challenging small-cap equity funding environment. Further, with this capital injection, we are poised to launch our strategic initiatives in Morocco, starting with the Agdz drill programme. We are deeply grateful for the trust and confidence demonstrated by our investors, and their continued support. This equity capital strengthens and underscores the alignment between management and shareholders in driving the company’s strategy and ultimately creating value from an excellent portfolio of Moroccan copper and silver exploration assets,” said Charles Bray.