Aterian Plc purchases Atlantis Metals
Aterian Plc has announced a successful acquisition of the Atlantis Metals (Pty) Ltd, a company registered in Botswana holding mineral prospecting licences. The acquisitions in Botswana complement Aterian’s ongoing exploration efforts in other African countries such as Rwanda and Morocco, where it is also active in the critical metals sector.
The firm now has the authority of 90% interest in Atlantis Metals (Pty) Ltd. The company has also been awarded six new prospecting licences covering 970.08 km2 in the Kalahari Copperbelt, known for its significant copper-silver deposits.
Atlantis Metals
Atlantis Metals holds a portfolio of ten copper-silver and lithium projects in Botswana, spanning 4486.11 km2. This includes licenses in highly prospective areas such as the Kalahari Copperbelt and the Makgadikgadi Pans. One of the key licenses awarded is situated close to MMG’s Zone 5 deposit, which is known to have substantial copper and silver resources. Aterian Plc also holds licenses covering 2516.93 km2 in the Makgadikgadi Pans, which are believed to be promising for lithium brine exploration.
The company is actively engaged in target generation, with independent consultants reprocessing airborne geophysical data for the Kalahari Copperbelt project. Charles Bray, Chairman of Aterian, emphasizes the company’s commitment to responsible exploration and development of critical minerals and metals across Africa. This expansion aligns with the company’s strategy of focusing on copper and lithium in stable jurisdictions.
“I am very pleased to announce the completion of the SPA with Aterian acquiring the majority shareholding in Atlantis Metals, and also to report on the significant increase in our exploration landholding within the highly prospective Kalahari Copperbelt,” said Charles Bray.
