Aterian Share Discussion Threads

[manual dexterity] 02/8/2023 16:27

!FOLLOWFEED





UK-based miner Aterian has entered a joint venture and earn-in deal with Rio Tinto and Kinunga Mining to explore and develop lithium and by-products at its HCK licence in Rwanda.


Under the terms of the Agreement, RIO has an exclusivity option to invest into Aterian's two other existing Rwandan projects, which will be subject to their own separate agreements. A management committee comprising representatives of both RIO and Aterian will be formed to provide financial and operational oversight. RIO will act as the operator for the Project.

[tomboyb] 02/8/2023 16:14

ATN -

500K MAX now -

[tomboyb] 02/8/2023 16:03

NT at 0.95 -

Lithium and RIO -

Not many companies on AIM with that connection -

[tomboyb] 02/8/2023 16:01

They were buying at 1.5p yesterday -

[tomboyb] 02/8/2023 15:16

300k max -

Limits coming down -

[tomboyb] 02/8/2023 15:07

Gone NT - !!

Seller out? -

[andrbea] 02/8/2023 13:44

I agree with ccpag. IMO, the exploration resources and logistics/experience of RTO takes the weight of the shoulders of ATN for Rwanda. Which means their (small) cash in the bank will last longer IMO. Their own cash burn will be less. As I see it anyway.

[manual dexterity] 02/8/2023 08:21

Lets see how low they take ATN. It looks likely that more deals will Rio Tinto to come as per previous RNS.

[ccpag] 01/8/2023 15:56

The Rio deal brings 4 vital elements to the ATN equity case. 1. sufficient cash to fund the proving up of a lithium & critical minerals by-product resource base 2. a demonstrable commitment of the exploration and door opening resources of a global mega miner - probably more valuable than the pure cash itself 3. it brings incremental newsflow to the stock as there will be a proper drill campaign in place. 4. it starts to re-rate Rwanda as a mining jurisdiction. Exploration plays are all about optionality. This $7.8m investment by Rios seems to provide an awful lot of optionality against a backdrop of just $12m of market cap.

[gah123] 01/8/2023 15:42

Taken a nice chunk looking good. 1.5+ very likely over next few sessions

[manual dexterity] 01/8/2023 15:33

Very difficult now below 1p.this will bounce.

[manual dexterity] 01/8/2023 15:16

Looking like a bargain now. It may go lower but I've added further.

[daar] 01/8/2023 13:04

Can see this bagging over the course of next few weeks

[manual dexterity] 01/8/2023 12:43

Just accumulate. Sellers have given opportunity to buy low here.

[daar] 01/8/2023 11:36

Buys coming in now..

[manual dexterity] 01/8/2023 09:20

Terms of agreement.

Key Terms of the Agreement

RIO has the option to incur work expenditure of US$3 million over a two-year period ("Stage 1") to earn an initial 51% interest in the Licence. RIO will also make cash payments to Aterian, totalling US$300,000, to reimburse previous operational expenses incurred by Aterian. An initial payment of US$200,000 is due upon completion of satisfactory due diligence by RIO, and an additional payment of US$100,000 will be due at the start of Stage 2.

Upon earning a 51% interest in the Licence, RIO can earn an additional 24% interest in the Licence by funding additional work expenditures of US$4.5 million over a three-year period ("Stage 2"). After Stage 2 RIO will, provided it contributes the additional funding, hold a 75% interest in the Licence.

RIO has agreed to a 2% NSR over the project with a US$50.0m cap that will be due by the future Joint Venture between RIO and Kinunga to a holder/holders to be notified by Aterian to RIO prior to the NSR agreement being entered into and such holder/holders to be subject to completion of satisfactory due diligence by RIO.

Under the terms of the Agreement, RIO has an exclusivity option to invest into Aterian's two other existing Rwandan projects, which will be subject to their own separate agreements. A management committee comprising representatives of both RIO and Aterian will be formed to provide financial and operational oversight. RIO will act as the operator for the Project.

That bodes very well indeed.

[ccpag] 01/8/2023 09:19

https://www.bloomberg.com/news/articles/2023-08-01/rio-tinto-looking-at-possible-lithium-deals-stausholm-says

[manual dexterity] 01/8/2023 08:46

Rio Tinto may have further deals for other licences for ALT. Its fascinating. I've this to my list of commodity stocks and have purchased further. The post above sums it up.

[ccpag] 01/8/2023 08:15

Rios is investing up to $7.8m to fund exploration for this one element of ATNs Rwandan land bank. Rios is only interested in tier 1 assets in lithium by scale and cost. It must see some chance of that devote the internal resources as well as the cash. Rios paid $825m to acquire their Argentine lithium asset once it had been explored and proven up. Not saying this happens here but $7.8m compares to $12m market cap for ATN and ignores the other ATN land banks in Rwanda (lithium & 3 Ts) and Morocco (copper).

[manual dexterity] 01/8/2023 08:13

Good Morning. I've added ATN to my portfolio. There is someone offloading but that represents an opportunity. Good RNS.

[goforgold1] 01/8/2023 08:03

Be carful someone dumping 500k lots

[ccpag] 01/8/2023 07:11

Rios earn-in deal on the tapehttps://polaris.brighterir.com/public/aterian_plc/news/rns/story/rgze30w