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Aterian PLC
(LSE:ATN)
Aterian PLC (ATN) vs. iShares MSCI United Kingdom ETF (EWC)
Aterian PLC Business Overview & Revenue Model
Aterian PLC Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 62.00K | 42.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 11.00K | -24.00K | -16.00K | -22.00K | -2.00K | -23.00K |
| EBITDA | -1.91M | -1.53M | -992.00K | -4.35M | -1.35M | -241.00K |
| Net Income | -1.81M | -1.62M | -1.06M | -4.38M | -1.37M | -281.00K |
Balance Sheet | ||||||
| Total Assets | 3.65M | 3.70M | 4.21M | 4.09M | 3.78M | 3.65M |
| Cash, Cash Equivalents and Short-Term Investments | 47.00K | 64.00K | 73.00K | 110.00K | 196.00K | 52.00K |
| Total Debt | 754.00K | 666.00K | 225.00K | 151.00K | 158.00K | 219.00K |
| Total Liabilities | 1.85M | 1.39M | 793.00K | 747.00K | 355.00K | 329.00K |
| Stockholders Equity | 1.80M | 2.31M | 3.42M | 3.34M | 3.42M | 3.32M |
Cash Flow | ||||||
| Free Cash Flow | -1.05M | -1.26M | -1.19M | -819.00K | -1.44M | -959.00K |
| Operating Cash Flow | -976.00K | -1.14M | -1.18M | -809.00K | -1.20M | -528.00K |
| Investing Cash Flow | 179.00K | 112.00K | -5.00K | -118.00K | -243.00K | -431.00K |
| Financing Cash Flow | 965.00K | 1.02M | 1.13M | 841.00K | 1.59M | 767.00K |
Aterian PLC Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | £4.90M | -1.28 | -44.38% | ― | 1.77% | 33.33% | |
45 Neutral | £4.33M | -1.67 | -68.64% | ― | ― | ― | |
44 Neutral | £14.74M | -2.12 | -10.34% | ― | -93.51% | 12.50% | |
43 Neutral | £4.53M | -0.78 | -44.29% | ― | ― | ― | |
41 Neutral | £3.34M | -2,196.99 | -0.07% | ― | ― | ― |
Aterian PLC Corporate Events
Aterian has reported encouraging early-stage surface sampling results from its 100%-owned Agdz Est copper-silver project in central Morocco, identifying multiple structurally controlled mineralised fault zones that materially extend the known footprint of copper and silver at Agdz. Mineralisation has so far been confirmed over only about 10% of the permit, with four sub-parallel structures mapped over strike lengths of up to 0.9 km and remaining open along strike, returning promising copper and silver grades that support the interpretation of a broader, district-scale system. The company plans ground magnetic surveys, trenching and further mapping to test continuity, scale and structural controls on mineralisation, while feeding new data into its AI-based exploration partnership with Lithosquare to prioritise drill targets. Management is positioning Agdz as a potential flagship copper-silver asset within its portfolio, with the results reinforcing the project’s scale potential and its strategic location within a key Moroccan mining district, which could enhance Aterian’s growth prospects and long-term value for shareholders if future drilling confirms a substantial resource.
The most recent analyst rating on (GB:ATN) stock is a Hold with a £25.00 price target. To see the full list of analyst forecasts on Aterian PLC stock, see the GB:ATN Stock Forecast page.
Aterian plc has reported positive results from an independent geophysical study over its wholly owned Prospecting Licence PL265/2025 in Botswana’s Kalahari Copperbelt, confirming the licence’s position within a proven copper-silver district roughly 60km south of Sandfire Resources’ Motheo mine. The study has identified three priority target areas, favourable thrust and folding structures, coincident copper-in-soil anomalies and conductive horizons associated with the prospective Lower D’Kar Formation, materially enhancing the perceived scale and quality of the project and supporting the company’s investment case. In response, Aterian plans a first-phase exploration programme including detailed ground or drone-based magnetic surveys and targeted electromagnetic work to refine drill targets, a move that advances its critical metals strategy and could strengthen its longer-term positioning in the copper market amid tightening supply and rising prices.
The most recent analyst rating on (GB:ATN) stock is a Sell with a £21.50 price target. To see the full list of analyst forecasts on Aterian PLC stock, see the GB:ATN Stock Forecast page.
Aterian Plc has disclosed that its Executive Chairperson and director, Charles Bray, purchased 100,000 ordinary shares in the company on 6 January 2026 at a price of £0.25795 per share, for a total consideration of £25,795. The director dealing, conducted in London, modestly increases insider ownership and may be interpreted by investors as a signal of confidence in Aterian’s strategic metal exploration and development activities in Africa.
The most recent analyst rating on (GB:ATN) stock is a Hold with a £22.50 price target. To see the full list of analyst forecasts on Aterian PLC stock, see the GB:ATN Stock Forecast page.
Aterian plc reported that its Rwandan mineral trading operations generated an unaudited gross profit of about US$145,000 in the fourth quarter of 2025, despite trading volumes falling below management targets as the company prioritised traceability compliance and margin discipline. Management said the result underlines the viability of its trading model, providing a platform for measured volume growth in 2026 and reinforcing Aterian’s strategy to differentiate itself as a fully traceability-compliant, responsibly sourced mineral supplier in response to tightening international requirements.
The most recent analyst rating on (GB:ATN) stock is a Hold with a £22.50 price target. To see the full list of analyst forecasts on Aterian PLC stock, see the GB:ATN Stock Forecast page.
Aterian PLC has been granted a new Prospecting Licence in the Kalahari Copper Belt in Botswana, enhancing its copper portfolio and expanding its landholding in the region. This strategic move, following the recent Joint Venture with Lithosquare, aims to accelerate exploration and development, positioning Aterian to capitalize on the growing demand for copper and strengthen its presence in a promising mining area.
Aterian PLC has announced a strategic joint venture with Lithosquare SAS, a Paris-based exploration company, to accelerate mineral discovery using AI technology. This €1.4 million program will focus on eight priority projects in Morocco and Botswana, aiming to fast-track exploration and unlock value without shareholder dilution, marking a significant shift in Aterian’s exploration strategy and positioning it as a leader in AI-driven mineral exploration in Africa.
Aterian PLC has announced its total voting rights as per the FCA’s Disclosure Guidance and Transparency Rules. As of November 28, 2025, the company has an issued share capital of 16,084,000 Ordinary Shares, each with one voting right, and none held in treasury. This figure is crucial for shareholders to determine their notification obligations regarding their interest in the company’s share capital.
Aterian PLC has announced the issuance of 150,200 new ordinary shares at a par value of 10p to certain advisers and suppliers as payment for services. This move will increase the company’s total issued share capital to 16,084,000 ordinary shares, which will be listed on the London Stock Exchange. The issuance of new shares reflects Aterian’s strategic approach to managing its financial obligations and could potentially impact shareholder voting rights and interests.
Aterian PLC has announced the issuance of 231,256 new ordinary shares following the exercise of warrants by holders at a price of 32.5 pence per share. This move increases the company’s total issued share capital to 15,933,800 ordinary shares, which will be listed on the London Stock Exchange, impacting shareholder voting rights and transparency obligations.
Aterian PLC has issued 114,000 new ordinary shares following the exercise of warrants by holders at a price of 32.5 pence per share. This issuance increases the company’s total share capital to 15,702,544 ordinary shares, impacting shareholders’ voting rights and requiring them to update their interests under the Financial Conduct Authority’s rules.
Aterian PLC has initiated a groundwater reconnaissance and brine sampling program at its Sua Pan Lithium Project in Botswana, aiming to establish baseline hydrogeochemical data, including lithium concentrations. This marks a significant step in Aterian’s exploration strategy, as the project is situated in a region with extensive brine systems, crucial for evaluating its strategic potential in the critical minerals market.
Aterian PLC has announced the issuance of 300,000 new ordinary shares following the exercise of warrants by holders at a price of 32.5 pence per share. This move will increase the company’s total issued share capital to 15,588,544 ordinary shares, impacting the voting rights and shareholding calculations for stakeholders under the Financial Conduct Authority’s rules.
Aterian PLC has announced the issuance of 260,000 new ordinary shares following the exercise of warrants by holders at a price of 32.5 pence per share. This move increases the company’s total issued share capital to 15,288,544 ordinary shares, impacting shareholder voting rights and requiring updates under the Financial Conduct Authority’s rules.
Aterian PLC has announced the issuance of 226,500 new ordinary shares at a par value of 10p to compensate advisors and suppliers, as well as to incentivize long-term performance. These shares will be listed on the London Stock Exchange, increasing the company’s total issued share capital to 15,028,544 ordinary shares, which will affect shareholder voting rights and transparency obligations.
Aterian PLC has announced a temporary amendment to the exercise price of its Series 12 Warrants, reducing it from 150 pence per share to 32.5 pence per share for a limited two-week period. This strategic move aims to allow warrant holders to benefit from the company’s recent equity placing price and is expected to strengthen Aterian’s balance sheet through potential new capital inflows.
Aterian PLC has announced that as of 31 October 2025, its issued share capital consists of 14,802,044 Ordinary Shares, each with one voting right. The company does not hold any shares in treasury, making the total number of voting rights 14,802,044. This figure is crucial for shareholders to determine their notification requirements under the FCA’s Disclosure Guidance and Transparency Rules.
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.