Latest news with #Aterian
Zawya
28-07-2025
- Business
- Zawya
Africa's Lithium Market Expansion Ahead of African Mining Week (AMW) 2025
Africa's lithium industry is gaining strong momentum in 2025, marked by new project launches, significant discoveries, increased capital inflows and progress in local value addition. In a major milestone for downstream development, Zimbabwe's Verify Engineering announced in July the successful production of the country's first locally manufactured lithium-ion battery. The development aligns with Zimbabwe's national strategy to ban unprocessed lithium exports by 2027 – a move aimed at driving beneficiation, enhancing domestic industrial capacity and positioning the country as a competitive player in the global battery value chain. These advancements lay the foundation for the upcoming African Mining Week (AMW) 2025 – Africa's premier gathering for mining stakeholders – which will spotlight emerging opportunities across the continent's lithium value chain. AMW serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@ New Discoveries As the official platform for advancing Africa's mining prospects, AMW 2025 will provide global stakeholders with key updates on the continent's latest lithium discoveries and project developments. Among these, UK-based Aterian and global major Rio Tinto announced Rwanda's first lithium find at the HCK Lithium Project in July 2025 – marking a pivotal milestone in the country's mining sector. Meanwhile, in Ivory Coast, Atlantic Lithium reported the discovery of spodumene-bearing pegmatites at its Agboville and Rubino licenses in March 2025. The find comes as the company progresses its flagship Ewoyaa Lithium Project in Ghana, set to become the country's first industrial-scale lithium operation. First Production Milestones AMW 2025 will also spotlight Africa's growing lithium production capacity and its rising contribution to the global battery mineral supply chain, as several first-production milestones are achieved across the continent. In July, Premier African Minerals commenced operations at its Zulu Lithium Plant in Zimbabwe, reinforcing the country's role as a leading global lithium producer. Earlier in February, UK-based Kodal Minerals began spodumene concentrate production at its Boungouni Project in Mali, targeting a steady monthly output of 10,000 tons, primarily destined for export to China. Meanwhile, Mali's Goulamina Project – operated by China's Ganfeng Lithium – achieved first production in January, with Phase 1 capacity reaching 506,000 tons, positioning the site among the largest lithium operations worldwide. New Financing Unlocking Africa's Potential AMW will also showcase financing deals and innovative mechanisms accelerating the growth of the lithium sector. In July, Canada's Lithium Africa raised over C$3.4 million through a private placement to fund exploration and development projects across Morocco, the Ivory Coast, Guinea, Mali and Zimbabwe. That same month, Nigeria's Continental Lithium expanded its working capital through a strategic merger with Chariot Corporation to support its hard rock lithium assets in Oyo and Kwara states. Meanwhile, in May, U.S. startup KoBold Metals pledged $1 billion to develop the Manono Lithium Project in the Democratic Republic of Congo, following its acquisition of project operator AVZ Minerals. As Africa rapidly positions itself as a major hub for lithium production, AMW serves as the focal point for industry dialogue. The event will spotlight investment-ready opportunities and facilitate deal-making between African stakeholders and global financiers, advancing the continent's ambitions in the lithium space. Distributed by APO Group on behalf of Energy Capital&Power.
Yahoo
25-06-2025
- Business
- Yahoo
Aterian Expands Presence on Mercado Libre into Chile, Colombia, and Argentina
Extends Product Footprint in Latin America with PurSteam, Mueller, and Squatty Potty Brands SUMMIT, N.J., June 25, 2025 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER), a consumer products company, today announced the expansion of its presence on Mercado Libre, Latin America's leading e-commerce platform. Building on its 2024 launch on Mercado Libre's Mexico marketplace, Aterian began offering select products from its PurSteam, Mueller, and Squatty Potty brands on Mercado Libre's platforms in Chile, Colombia, and Argentina during the second quarter of 2025 reflecting a continued focus on categories such as home, kitchen, and wellness. 'The expansion of our partnership with Mercado Libre advances Aterian's long-term vision to scale our e-commerce presence beyond the U.S. to access new customers and positions us to capitalize on increasing demand in emerging e-commerce markets,' said Arturo Rodriguez, Chief Executive Officer. 'While this program is still in its early stages, entering these new markets marks an important step toward building a long-term, durable brand ecosystem in Latin America. As with all our strategic expansions, we are approaching this opportunity with focus, discipline, and a long-term commitment to value creation.' Founded in 1999, MercadoLibre, Inc. is the leading company in e-commerce and financial technology in Latin America, with operations in 18 countries. Learn more at About Aterian, Inc. (Nasdaq: ATER) a consumer products company that builds and acquires leading e-commerce brands across multiple categories, including home and kitchen appliances, health and wellness, and air quality devices. The Company sells across the world's largest online marketplaces, including Amazon, Walmart, and Target as well as its own direct-to-consumer websites. Aterian's brands include Mueller Living, PurSteam, hOmeLabs, Squatty Potty, Healing Solutions, and Photo Paper Direct. To learn more, visit Forward Looking StatementsAll statements other than statements of historical facts included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements including, in particular, our ability to expand our operations internationally and access new customers. These forward-looking statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties and other factors, all of which are difficult to predict and many of which are beyond our control and could cause actual results to differ materially and adversely from those described in the forward-looking statements. These risks include, but are not limited to, those related to our ability to continue as a going concern, the effect of tariffs and other costs on our results, our ability to continue to operate following our reduction in workforce, our ability to meet financial covenants with our lenders, our ability to maintain and to grow market share in existing and new product categories; our ability to continue to profitably sell the SKUs we operate; our ability to maintain Amazon's Prime badge on our seller accounts or reinstate the Prime badge in the event of any removal of such badge by Amazon; our ability to create operating leverage and efficiency when integrating companies that we acquire, including through the use of our team's expertise, the economies of scale of our supply chain and automation driven by our platform; those related to our ability to grow internationally and through the launch of products under our brands and the acquisition of additional brands; those related to consumer demand, our cash flows, financial condition, forecasting and revenue growth rate; our supply chain including sourcing, manufacturing, warehousing and fulfillment; our ability to manage expenses, working capital and capital expenditures efficiently; our business model and our technology platform; our ability to disrupt the consumer products industry; our ability to generate profitability and stockholder value; international tariffs and trade measures; inventory management, product liability claims, recalls or other safety and regulatory concerns; reliance on third party online marketplaces; seasonal and quarterly variations in our revenue; acquisitions of other companies and technologies and our ability to integrate such companies and technologies with our business; our ability to continue to access debt and equity capital (including on terms advantageous to the Company) and the extent of our leverage; and other factors discussed in the 'Risk Factors' section of our most recent periodic reports filed with the Securities and Exchange Commission ('SEC'), all of which you may obtain for free on the SEC's website at Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, even if subsequently made available by us on our website or otherwise. We do not undertake any obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Investor Contact: The Equity GroupDevin Sullivan, Managing Directordsullivan@ Conor Rodriguez, Associatecrodriguez@ in to access your portfolio
Yahoo
11-06-2025
- Business
- Yahoo
Aterian's PurSteam and Mueller Living Brands Launch Products in Walmart Stores
Innovative Appliances Designed to Enhance Everyday Living, Expand Retail Reach, and Strengthen Aterian's Brand Portfolio SUMMIT, N.J., June 11, 2025 (GLOBE NEWSWIRE) -- Aterian, Inc (Nasdaq: ATER), a consumer products company, today announced the national launch of two of its most innovative home appliances - the PurSteam Steam Station Max and the Mueller Living Cordless Portable Vacuum Sealer - now available nationwide across Walmart locations. 'These launches reflect Aterian's broader mission to expand our omni-channel presence by bringing high-quality consumer products to both digital and physical retail platforms,' said Arturo Rodriguez, Chief Executive Officer of Aterian. 'The increased brand visibility, coupled with mass-market accessibility, is designed to strengthen the Company's growth trajectory and retail partnerships.' Product Launch Descriptions The PurSteam Steam Station Max delivers premium ironing performance at an accessible price point. Featuring rapid 1.5-minute preheat, strong continuous steam output, and a large 50.7 oz water tank, it's built for speed and convenience. A ceramic soleplate ensures smooth gliding across all fabrics, while integrated anti-calc, anti-drip, and auto shut-off features enhance safety and extend appliance life. Also launching is the Mueller Living Cordless Portable Vacuum Sealer, a compact, high-performance food preservation tool that seals up to 60 bags on a single charge. With universal compatibility, fast 3-hour charging, and a cordless design, it's ideal for everyday kitchens, meal prepping, or on-the-go storage. 'Whether it's the commercial-grade power of our PurSteam Steam Station Max or the flexible, space-saving design of our Mueller Living Cordless Portable Vacuum Sealer, our goal is to deliver intelligent products that make life at home better,' Mr. Rodriguez continued. 'These launches exemplify our commitment to combining thoughtful design with the power, safety, and everyday convenience that households demand.' About PurSteamPurSteam, an Aterian brand, is dedicated to revolutionizing the way people clean and care for their homes. From high-performance steam irons to state-of-the-art steam mops, PurSteam delivers products that combine advanced technology, superior quality, and exceptional value. To learn more, visit About Mueller LivingMueller Living, part of the Aterian brand portfolio, believes the kitchen is the heart of the home. Known for its premium, affordable kitchen tools, Mueller Living inspires cooks of all levels with products that blend comfort, design, and durability. To learn more, visit About Aterian, Inc. (Nasdaq: ATER) is a technology-enabled consumer products company that builds and acquires leading e-commerce brands across multiple categories, including home and kitchen appliances, health and wellness, and air quality devices. The Company sells across the world's largest online marketplaces, including Amazon, Walmart, and Target as well as its own direct-to-consumer websites. Aterian's brands include Mueller Living, PurSteam, hOmeLabs, Squatty Potty, Healing Solutions, and Photo Paper Direct. To learn more, visit Forward Looking StatementsAll statements other than statements of historical facts included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements including, in particular, our ability to expand our omni-channel presence, and strengthen our growth trajectory and retail partnerships. These forward-looking statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties and other factors, all of which are difficult to predict and many of which are beyond our control and could cause actual results to differ materially and adversely from those described in the forward-looking statements. These risks include, but are not limited to, those related to our ability to continue as a going concern, the effect of tariffs and other costs on our results, our ability to continue to operate following our reduction in workforce, our ability to meet financial covenants with our lenders, our ability to maintain and to grow market share in existing and new product categories; our ability to continue to profitably sell the SKUs we operate; our ability to maintain Amazon's Prime badge on our seller accounts or reinstate the Prime badge in the event of any removal of such badge by Amazon; our ability to create operating leverage and efficiency when integrating companies that we acquire, including through the use of our team's expertise, the economies of scale of our supply chain and automation driven by our platform; those related to our ability to grow internationally and through the launch of products under our brands and the acquisition of additional brands; those related to consumer demand, our cash flows, financial condition, forecasting and revenue growth rate; our supply chain including sourcing, manufacturing, warehousing and fulfillment; our ability to manage expenses, working capital and capital expenditures efficiently; our business model and our technology platform; our ability to disrupt the consumer products industry; our ability to generate profitability and stockholder value; international tariffs and trade measures; inventory management, product liability claims, recalls or other safety and regulatory concerns; reliance on third party online marketplaces; seasonal and quarterly variations in our revenue; acquisitions of other companies and technologies and our ability to integrate such companies and technologies with our business; our ability to continue to access debt and equity capital (including on terms advantageous to the Company) and the extent of our leverage; and other factors discussed in the 'Risk Factors' section of our most recent periodic reports filed with the Securities and Exchange Commission ('SEC'), all of which you may obtain for free on the SEC's website at Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, even if subsequently made available by us on our website or otherwise. We do not undertake any obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Investor Contact: The Equity GroupDevin Sullivan, Managing Directordsullivan@ Conor Rodriguez, Associatecrodriguez@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
11-06-2025
- Business
- Associated Press
Aterian's PurSteam and Mueller Living Brands Launch Products in Walmart Stores
SUMMIT, N.J., June 11, 2025 (GLOBE NEWSWIRE) -- Aterian, Inc . (Nasdaq: ATER), a consumer products company, today announced the national launch of two of its most innovative home appliances - the PurSteam Steam Station Max and the Mueller Living Cordless Portable Vacuum Sealer - now available nationwide across Walmart locations. 'These launches reflect Aterian's broader mission to expand our omni-channel presence by bringing high-quality consumer products to both digital and physical retail platforms,' said Arturo Rodriguez, Chief Executive Officer of Aterian. 'The increased brand visibility, coupled with mass-market accessibility, is designed to strengthen the Company's growth trajectory and retail partnerships.' Product Launch Descriptions 'Whether it's the commercial-grade power of our PurSteam Steam Station Max or the flexible, space-saving design of our Mueller Living Cordless Portable Vacuum Sealer, our goal is to deliver intelligent products that make life at home better,' Mr. Rodriguez continued. 'These launches exemplify our commitment to combining thoughtful design with the power, safety, and everyday convenience that households demand.' About PurSteam PurSteam, an Aterian brand, is dedicated to revolutionizing the way people clean and care for their homes. From high-performance steam irons to state-of-the-art steam mops, PurSteam delivers products that combine advanced technology, superior quality, and exceptional value. To learn more, visit About Mueller Living Mueller Living, part of the Aterian brand portfolio, believes the kitchen is the heart of the home. Known for its premium, affordable kitchen tools, Mueller Living inspires cooks of all levels with products that blend comfort, design, and durability. To learn more, visit About Aterian, Inc. Aterian, Inc. (Nasdaq: ATER) is a technology-enabled consumer products company that builds and acquires leading e-commerce brands across multiple categories, including home and kitchen appliances, health and wellness, and air quality devices. The Company sells across the world's largest online marketplaces, including Amazon, Walmart, and Target as well as its own direct-to-consumer websites. Aterian's brands include Mueller Living, PurSteam, hOmeLabs, Squatty Potty, Healing Solutions, and Photo Paper Direct. To learn more, visit Forward Looking Statements All statements other than statements of historical facts included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements including, in particular, our ability to expand our omni-channel presence, and strengthen our growth trajectory and retail partnerships. These forward-looking statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties and other factors, all of which are difficult to predict and many of which are beyond our control and could cause actual results to differ materially and adversely from those described in the forward-looking statements. These risks include, but are not limited to, those related to our ability to continue as a going concern, the effect of tariffs and other costs on our results, our ability to continue to operate following our reduction in workforce, our ability to meet financial covenants with our lenders, our ability to maintain and to grow market share in existing and new product categories; our ability to continue to profitably sell the SKUs we operate; our ability to maintain Amazon's Prime badge on our seller accounts or reinstate the Prime badge in the event of any removal of such badge by Amazon; our ability to create operating leverage and efficiency when integrating companies that we acquire, including through the use of our team's expertise, the economies of scale of our supply chain and automation driven by our platform; those related to our ability to grow internationally and through the launch of products under our brands and the acquisition of additional brands; those related to consumer demand, our cash flows, financial condition, forecasting and revenue growth rate; our supply chain including sourcing, manufacturing, warehousing and fulfillment; our ability to manage expenses, working capital and capital expenditures efficiently; our business model and our technology platform; our ability to disrupt the consumer products industry; our ability to generate profitability and stockholder value; international tariffs and trade measures; inventory management, product liability claims, recalls or other safety and regulatory concerns; reliance on third party online marketplaces; seasonal and quarterly variations in our revenue; acquisitions of other companies and technologies and our ability to integrate such companies and technologies with our business; our ability to continue to access debt and equity capital (including on terms advantageous to the Company) and the extent of our leverage; and other factors discussed in the 'Risk Factors' section of our most recent periodic reports filed with the Securities and Exchange Commission ('SEC'), all of which you may obtain for free on the SEC's website at Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, even if subsequently made available by us on our website or otherwise. We do not undertake any obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Investor Contact: The Equity Group Devin Sullivan, Managing Director [email protected] Conor Rodriguez, Associate [email protected]
Yahoo
14-05-2025
- Business
- Yahoo
Aterian: Q1 Earnings Snapshot
SUMMIT, N.J. (AP) — SUMMIT, N.J. (AP) — Aterian, Inc. (ATER) on Wednesday reported a loss of $3.9 million in its first quarter. The Summit, New Jersey-based company said it had a loss of 52 cents per share. The company posted revenue of $15.4 million in the period. In the final minutes of trading on Wednesday, the company's shares hit $2.11. A year ago, they were trading at $2.90. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ATER at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
