Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Aterian PLC on Wednesday reported ‘strong prospectivity’ at two of its three new licence areas in Botswana.
The London-based mining company targets African critical minerals. Aterian’s 90%-owned subsidiary, Atlantis Metals Ltd, secured three prospecting licences in the Kalahari copperbelt earlier in August.
The latest additions bring the total area of Aterian’s assets in the region to roughly 2,298 square kilometres.
Based on a preliminary desktop review, the firm said two of the three new sites warrant further exploration. Aterian pointed to historical ‘world-class’ copper and silver deposits in the D’Kar and Ngwaka formations, which are located inside the license zones, as well as ‘clearly defined magnetic structures’.
Chair Charles Bray commented: ‘Our recent expansion within the Kalahari Copperbelt - one of the world’s most prospective copper-silver districts - significantly strengthens our portfolio and enhances the opportunity to create substantial shareholder value. With increasing global demand for copper driven by the energy transition, we believe these assets position us to unlock major discovery potential.’
Aterian shares were up 3.9% at 40.00 pence on Wednesday afternoon in London. The stock has fallen 36% in the last 12 months.
Copyright 2025 Alliance News Ltd. All Rights Reserved.