Restart of Rwanda Mineral Trading Operations

Aterian Plc (LSE: ATN), the critical metal-focused exploration and development company, is pleased to announce that its wholly owned subsidiary, Eastinco Limited ("Eastinco"), has resumed mineral trading operations in Rwanda following the successful implementation of the Inkomane trading system as established by the Rwanda Mines, Petroleum and Gas Board ("RMB"). The Company had previously announced the temporary suspension of trading operations due to challenges encountered with the Inkomane system's initial rollout and a consequential market activity slowdown. Following wide-scale adoption and stabilisation of the system, Eastinco is now well-positioned to recommence trading operations, in accordance with all regulatory requirements.

As a fully registered participant in the Inkomane platform, Eastinco remains committed to upholding the highest standards of regulatory compliance, transparency, and ethical sourcing in the mineral supply chain. The Company has worked diligently alongside the RMB and other stakeholders to ensure adherence to international best practices in mineral trading. Eastinco continues to operate in full compliance with the Responsible Minerals Initiative ("RMI") and the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas. This commitment ensures robust traceability mechanisms are in place to promote responsible sourcing and sustainability in mineral trade.

The Company also reports that it is in final negotiations with an international trading house to provide a new trade finance facility and logistical support for the trading operations with the intent to significantly increase volumes.

Charles Bray, Executive Chairman of Aterian Plc, commented:

"We are pleased to restart our mineral trading activities in Rwanda and reaffirm our commitment to maintaining the highest standards of transparency and governance. We will continue to work closely with various stakeholders and adhere to global best practices thereby continuing to support ethical and sustainable mineral supply chains. With trading activities now resumed, Eastinco is positioned to capitalise on renewed market opportunities while reinforcing its role as a trusted partner in Rwanda's mineral sector. The Company looks forward to further collaboration with industry participants, regulators, and stakeholders generally to maintain a secure, efficient, and transparent mineral trading environment."

For further information, please visit the Company's website: www.aterianplc.com or contact:

Aterian Plc:

Charles Bray, Executive Chairman - charles.bray@aterianplc.com

Simon Rollason, Director - simon.rollason@aterianplc.com

Financial Adviser and Joint Broker:

Novum Securities Limited

David Coffman

Colin Rowbury

Joint Broker:

SP Angel Corporate Finance LLP

Ewan Leggat / Adam Cowl

Financial PR:

Bald Voodoo - ben@baldvoodoo.com

Ben Kilbey