Business
EIA Approval for Agdz Cu-Ag Project and Funding
Aterian plc has received Environmental Impact Assessment approval for its Agdz Cu-Ag Project in Morocco, a significant regulatory milestone that de-risks the project and allows for further advancement. Previous drilling has confirmed shallow copper-silver mineralization, with results including 1.24% Cu and 101 g/t Ag over 3 meters at the Makarn (North) prospect. The company also raised £100,000 from existing shareholders to fund project development, issuing new ordinary shares at 25 pence each, along with warrants exercisable at 32.5 pence. This funding and regulatory progress position Agdz as a development-ready copper asset in a jurisdiction with strong infrastructure. Disclaimer*
About this update from Aterian Plc
[{"type":"text","content":"\n\n26 February 2026\n \nAterian plc\n(\"Aterian\" or the \"Company\" or the \"Group\")\n \nEIA Approval for Agdz Cu-Ag Project and Funding\n \nAterian plc (AIM: ATN), the Africa-focused critical metals exploration company, is pleased to announce the approval of it's recently commissioned Environmental Impact Assessment (''EIA'') for the 100%-owned Agdz Mining Licence, part of the Agdz (\"Cu-Ag\") Project (\"Agdz\" or the \"Project\") in the Kingdom of Morocco (\"Morocco\").\n \nIn the current global mining environment, the approval of the EIA represents a major regulatory milestone and materially de-risks the Project as Aterian advances toward systematic drilling and development readiness.\n \nHighlights:\n· Environmental Impact Assessment plan approved at the Agdz Cu-Ag Project.\n· The Regional Centre of Investment of Errachidia approval represents a key milestone and allows for further project advancement.\n· Confirms strong local, regional and national stakeholder support.\n· Material regulatory de-risking of the Agdz Project in a tightening global permitting environment.\n· Previous drilling has confirmed shallow Cu-Ag mineralisation across multiple prospects, including:\no 1.24 % Cu with 101 g/t Ag over 3 m from 8 m (downhole) - Makarn (North) prospect\no 0.45 % Cu with 3 g/t Ag over 11 m from 32 m (downhole) - Makarn (South) prospect\no 0.79 % Cu with 5 g/t Ag over 6 m from 6 m (downhole) - Amzwaro prospect\n· £100,000 raised from existing shareholders to fund project advancement toward development readiness.\nCharles Bray, Chairman of Aterian, commented:\n\"Securing Moroccan EIA approval for the Agdz Mining Licence is a major step forward for Aterian. In a tightening global permitting environment, being regulatorily cleared to advance a copper project is a significant competitive advantage.\n \nOur focus now shifts decisively to drilling for scale to develop this asset. The objective is clear: expand the mineralised footprint, build toward a defined resource base, and position Agdz as a development-ready copper asset in a jurisdiction with strong infrastructure and mining heritage. The integration...