Business
New Licences and Atlantis Metals Acquisition
New Licences and Atlantis Metals Acquisition.
About this update from Aterian Plc
[{"type":"text","content":"\n\n8 April 2024\n \nNew Licences Awarded in Botswana\nAtlantis Metals Acquisition Completed\n \nAterian Plc\n(\"Aterian\" or the \"Company\")\n \nAterian Plc (LSE: ATN), the critical metal-focused exploration and development company, is pleased to announce that it has received the 'Change of Control' approval from the Ministry of Minerals and Energy in the Republic of Botswana (\"Botswana\") to formally complete the acquisition of the controlling 90% interest in Atlantis Metals (Pty) Ltd (\"Atlantis\"), a private Bostwana registered entity holding mineral prospecting licences in of Botswana. The Company also announces the award of six new prospecting licences in the world-renowned Kalahari Copperbelt.\n \nHighlights:\n· The acquisition of a 90 % interest in Atlantis, which holds prospecting licences in Botswana, has been completed.\n· Six new copper-silver prospecting licences, totaling 970.08 km2, recently awarded in the world-renowned Kalahari Copperbelt (\"KCB\").\n· Atlantis hold a portfolio of ten strategically located copper-silver (\"Cu-Ag\") and lithium (''Li'') projects in Botswana, covering 4,486.11 km2.\n· The original Atlantis-awarded KCB licence, announced on 8 January 2024, is 50 km east of MMG's Zone 5 deposit (92.9 million tonnes grading 2.00 % Cu and 21 g/t Ag).\n· Three licences held, covering a combined 2,516.93 km2 within the Makgadikgadi Pans, considered highly prospective for Lithium brine.\n· Target generation is underway, with independent consultants acquiring and reprocessing airborne geophysical data for the Kalahari Copperbelt project.\n \nCharles Bray, Chairman of Aterian, commented:\n \n\"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.\n \n\"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...