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Aterian PLC ( (GB:ATN) ) just unveiled an announcement.
Aterian PLC announced successful initial drilling results from its HCK Project in Rwanda, a joint venture with Rio Tinto. The results confirmed high-grade lithium mineralization, with Rio Tinto exercising its Stage 1 earn-in rights, gaining a 51% interest in the project. This development allows Rio Tinto to further explore the region and potentially increase its stake to 75% by investing an additional $7.5 million over three years. The drilling campaign revealed significant spodumene-bearing pegmatite intersections, indicating promising potential for further exploration and development. The findings underscore the project’s viability and the strategic importance of the joint venture in advancing Aterian’s exploration activities in the region.
More about Aterian PLC
Aterian PLC is an Africa-focused critical minerals exploration and development company. It primarily engages in the exploration of lithium and other critical minerals, with a focus on projects in Rwanda.
Average Trading Volume: 22,620
Technical Sentiment Signal: Hold
Current Market Cap: £4.61M
Learn more about ATN stock on TipRanks’ Stock Analysis page.