The British mining company ATERIAN PLC, listed on the London Stock Exchange and engaged in strategic metal projects in Africa, announced on Thursday a worsening of its loss before taxes, increased to 1.6 million pounds sterling (approximately 20.2 million dirhams), against 1.1 million (almost 13.9 million dirhams) in 2023.
A rising actress in the exploration of critical minerals, Aterian operates in Morocco, Rwanda and Botswana. For the first time, she gave a turnover, modest, of 42,000 pounds (around 530,000 dirhams), against zero the previous year – an amount that fully covers its cost of sales.
Administrative costs were established at 1.7 million pounds (almost 21.4 million dirhams), up 13 %, driven by the increase in the workforce and associated charges, although tempered by the reduction of legal and professional costs. In addition, the sale of certain equipment has generated a gain of 10,000 pounds (125,000 dirhams), against 272,000 pounds (3.4 million dirhams) in 2023.
“We remain convinced of the underlying value of our assets, in particular in our anchor regions, and we approach the coming year with intact confidence,” said President Charles Bray. He also underlined the importance of the partnership established with Rio Tinto around lithium in Rwanda, considered to be long -term structuring, regardless of the future evolution of this alliance.
“2025 could be a year of decisive crossing for Aterian, with concrete advances expected both in the field and at the strategic plan,” he added.
Aterian also announced that he had collected 468,000 pounds (nearly 5.9 million dirhams) per issue of convertible bonds taken out by new investors and historic shareholders. These titles, with an annual coupon of 8 %, expired on April 28, 2028.
“This support marks a pivotal step. We build a balanced model, combining exploration on first -rate sites and income -generating activities. a conclu M. Bray.
