Aterian’s Rwanda unit raises £180,000 for tungsten trial

Aterian Plc's Rwandan subsidiary, Eastinco Limited, has raised £180,000 to commence trial trading of tungsten ore and concentrates. The funding, raised through a zero-coupon Convertible Loan Note, will be used to support operational systems and premises expansion to segregate and purchase tungsten-bearing material. The trial programme aims to establish reliable sources of tungsten ore, consistent product grades, appropriate pricing mechanisms, and working capital cycle requirements.

Aterian, which holds interests in copper-silver and base-metal projects in Morocco, Botswana, and Rwanda, plans to leverage this platform across a broader range of critical commodities.

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