Aterian completes acquisition of Atlantis Metals
Published by Jane Bentham,
Editorial Assistant
Global Mining Review,
Aterian Plc, the critical metal-focused exploration and development company, has announced that it has received the 'Change of Control' approval from the Ministry of Minerals and Energy in the Republic of Botswana to formally complete the acquisition of the controlling 90% interest in Atlantis Metals (Pty) Ltd, a private Bostwana registered entity holding mineral prospecting licences in of Botswana.
The company has also announced the award of six new prospecting licences in the world-renowned Kalahari Copperbelt.
Highlights:
- The acquisition of a 90% interest in Atlantis, which holds prospecting licences in Botswana, has been completed.
- Six new copper-silver prospecting licences, totaling 970.08 km2, recently awarded in the world-renowned Kalahari Copperbelt (KCB).
- Atlantis hold a portfolio of ten strategically located copper-silver and lithium projects in Botswana, covering 4486.11 km2.
- The original Atlantis-awarded KCB licence, is 50 km east of MMG’s Zone 5 deposit (92.9 million t grading 2.00% Cu and 21 g/t Ag).
- Three licences held, covering a combined 2516.93 km2 within the Makgadikgadi Pans, considered highly prospective for Lithium brine.
- Target generation is underway, with independent consultants acquiring and reprocessing airborne geophysical data for the Kalahari Copperbelt project.
Charles Bray, Chairman of Aterian, commented:
“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.
“Our strategy is to responsibly explore and develop critical minerals and metals across Africa, a region vital for a successful energy transition. Completing this acquisition and portfolio expansion further expands our presence on the continent. It perfectly fits our strategy of focusing on critical metals, copper and lithium, in stable and business-friendly jurisdictions.
“These copper and lithium licences in Botswana underscore and support our exploration efforts in Rwanda, where we have an earn-in JV with Rio Tinto, and in Morocco where we are actively exploring for copper. We have been busy and look forward to updating the market on our continued exploration effort to develop these critical energy transition metals.”
Read the article online at: https://www.globalminingreview.com/exploration-development/09042024/aterian-completes-acquisition-of-atlantis-metals/
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