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Hill Dickinson advises Aterian plc on Main Market IPO

Hill Dickinson advises Aterian plc on Main Market IPO

Hill Dickinson’s London Corporate team has advised mining exploration and development company Aterian plc (LSE: ATN) (name to be changed from Eastinco Mining and Exploration plc shortly) on its IPO on the Main Market of the London Stock Exchange and the admission of its shares to the Standard Segment of the Official List.   

As part of the transaction, Aterian acquired a portfolio of Moroccan copper and silver mining assets from Elemental Altus Royalties Corp, a TSX Venture Exchange listed company, through the acquisition of Aterian Resources Limited. Novum, acting as broker, completed a placing of Aterian’s shares.

Eastinco made the acquisition to diversify its portfolio of critical and strategic metals projects in Africa, which already included interest in tantalum-niobium and tin assets. The metals are integral to the development of the renewable energy, automotive and electronic manufacturing sectors which are a crucial part of the movement away from fossil fuels.

Charles Bray, executive chair of Eastinco Mining and Exploration plc, said: 
“We are very pleased to have closed this transaction despite the current economic headwinds and are very excited about the portfolio of assets we have acquired and our admission to the Main Market. We are grateful to Hill Dickinson for all their assistance during the transaction.”

Commenting on the deal, Jonathan Morris, partner, of Hill Dickinson, said: 
“We are delighted to have supported Aterian on this transaction which we hope will be a real step change for the company. We look forward to seeing the results of the exploration activities on their Agdz Project in Morocco, which hopefully will yield a maiden resource.”  

The Hill Dickinson team was led by Jonathan Morris assisted by legal director Francois de Lange, solicitor apprentice Rianne Byott and trainee Mariam El Mir.

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