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The latest announcement is out from Aterian PLC ( (GB:ATN) ).
Aterian PLC has announced the termination of its joint venture with Rio Tinto in Rwanda after geological exploration revealed that the local region does not meet the scale required for a Tier-1 lithium mine. Despite this, Aterian sees the regained control of the HCK Project as a strategic opportunity to capitalize on the exploration data provided by Rio Tinto, particularly focusing on the potential for tantalum and niobium mining. The company plans to advance exploration and integrate Rio Tinto’s data to enhance its mineral target generation, positioning itself as a key player in Rwanda’s conflict-free mineral supply chain.
More about Aterian PLC
Aterian PLC is a critical mineral exploration and development company, primarily focused on exploring and developing mineral resources. The company operates in the mining industry, with a specific emphasis on critical minerals such as tantalum, niobium, and lithium. Aterian is the only LSE-listed company with an operating presence in Rwanda, where it also runs a mineral trading facility.
Average Trading Volume: 16,563
Technical Sentiment Signal: Sell
Current Market Cap: £5.33M
See more data about ATN stock on TipRanks’ Stock Analysis page.