https://www.miningweekly.com
Environment|Exploration|Financial|PROJECT|Sustainable
Environment|Exploration|Financial|PROJECT|Sustainable
environment|exploration|financial|project|sustainable

Aterian sells portion of its royalty over Rwanda lithium project

29th April 2024

By: Darren Parker

Creamer Media Contributing Editor Online

     

Font size: - +

London-listed critical metal-focused exploration and development company Aterian has sold its portion of the net smelter return royalty (NSR) over the HCK lithium project, in Rwanda, for £200 000.

The company announced on April 29 that it had signed an agreement to sell an interest of 1.4% of the Rio Tinto joint venture NSR to Elemental Altus Royalties. This royalty reduces to 1.25% upon the Musasa licence being issued in Rwanda.

Aterian said it had engaged strategic advisers Collingwood Capital Partners to approach several royalty companies to gain expressions of interest in buying the NSR and to provide third-party oversight in the sale of the NSR to Elemental Altus, which proved to be the best option.

"The sale of the Rwandan royalty interest to Elemental Altus aligns with our overarching strategy of prioritising financial discipline, strengthening the balance sheet and maximising shareholder value. We want this to be the first of many new asset value realisation efforts across our portfolio.

“We believe this transaction, marking the first royalty sale in Rwanda, positions us for continued success in a challenging market environment, enabling us to capitalise on our portfolio assets and deliver sustainable long-term growth," Aterian chairperson Charles Bray said.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Projects

Central lime project, Papua New Guinea
Updated 1 hour 4 minutes ago By: Sheila Barradas
IMAGE OF GOLD BARS
Berg gold project, Canada
Updated 1 hour 4 minutes ago By: Sheila Barradas

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
14th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.222 0.261s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: