**Summary**
Aterian PLC, an African-focused critical mineral exploration company, has announced a transformational AI-led joint venture (JV) with Lithosquare SAS, a Paris-based exploration firm specializing in AI and data science. The JV, valued at up to €1.4 million, aims to accelerate exploration across eight priority copper and critical mineral projects in Morocco and Botswana, covering 2,898 km² of highly promising copper belts.
Key terms include
Lithosquare will fund a €1.4 million exploration program, with an initial €500,000 for AI-driven target generation, geophysics, mapping, and scout drilling, followed by €900,000 for additional drilling.
Lithosquare can earn up to 49.9% equity and a 2.0% net smelter return (NSR) based on exploration success and value creation.
The JV allows Aterian to fast-track projects without shareholder dilution, leveraging Lithosquare’s AI technology and geological expertise.
Both companies emphasized the strategic importance of the partnership, with Aterian CEO Simon Rollason calling it a "transformational step" and Lithosquare CEO Aymeric Preveral-Etcheverry highlighting access to world-class exploration grounds. The JV positions Aterian as a leader in modern, AI-driven exploration in Africa, aiming to rapidly convert high-potential licenses into drill-ready targets. Further updates will be provided as the agreement progresses.