New Risk • 22h
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr19m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr19m free cash flow). Share price has been highly volatile over the past 3 months (43% average weekly change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (124% increase in shares outstanding). Revenue is less than US$1m (kr726k revenue, or US$76k). Minor Risk Market cap is less than US$100m (€17.6m market cap, or US$20.2m). Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Board Member Eckhard Cordes was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • May 12
Eurobattery Minerals AB announced that it expects to receive SEK 60 million in funding from Loft Capital Limited Eurobattery Minerals AB announced that it has entered into a convertible bond issuance agreement with new investor, Loft Capital Limited to issue 600 convertible bond each with a par value of SEK 100,000 for gross proceeds of SEK 60,000,000 on May 11, 2026. The offering will be structured in four tranches of SEK 15,000,000 each. The first tranche is composed of two sub-tranches: a first sub-tranche of SEK 10,000,000 available at closing, and a second sub-tranche of SEK 5,000,000 available 40 trading days thereafter. The bond will be convertible at a fixed conversion price of SEK 0.35 per share. The bonds will mature in 12 months from the date of subscription of each tranche. The bonds bear no interest rate. The maximum number of shares issuable under the facility shall not exceed 25% of the company’s total issued share capital at any time. In consideration for the facility, the company shall pay to Loft Capital a commitment fee equal to 2.5% of the principal amount of each tranche, in cash by way of set-off against the subscription price of such tranche. The bonds are not listed on any financial market. Simultaneously with the execution of the agreement, the company has submitted a drawdown notice for the first sub-tranche of SEK 10,000,000. Net proceeds to the company, after deduction of the commitment fee and legal fees, amount to SEK 9,150,000. Annonce • Feb 27
Eurobattery Minerals AB announced that it expects to receive SEK 2.299532 million in funding Eurobattery Minerals AB announced a private placement of 25,550,359 Common Shares of the company at a price per share of SEK 0.09 for gross proceeds of SEK 2,299,532.31 on February 26, 2026. The transaction involves participation from three existing long-term shareholders via a Swiss-based Multi-Family Office (MFO) and one German investor. The transaction has been approved by Board of Director of the company. The subscription price of SEK 0.09 per share has been determined through arm’s length negotiations with the external investors participating in the transaction. The price reflects the outcome of arm’s length negotiations with independent investors and limited financing alternatives justify the terms. The current market price may not be fully representative of the share’s long-term value. Discounts are customary for directed issues, particularly for micro-cap companies and significant premium over prior capital raises. In connection to this transaction, the number of shares in the Company increases by 25,550,359 shares, corresponding to a dilution of approximately 3% of the number of shares and votes, calculated based on the number of shares in the Company after registration of the conversion described above but before registration of the transaction. Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Board Member Eckhard Cordes was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Board Member Eckhard Cordes was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jul 03
FinnCobalt Oy Submits the Subsidiary Package to the Environmental Permit Application for the Hautalampi Battery Mineral Project in Eastern Finland Eurobattery Minerals AB announced that its Finnish subsidiary FinnCobalt Oy has submitted the supplementary documentation package to the Environmental Permit Application (EPA) for the Hautalampi battery mineral project in eastern Finland. Eurobattery Minerals has submitted the requested supplementary documentation for the environmental permit application of the Hautalampi project, marking another key milestone. This proactive step not only advances the permitting process, but also strengthens the project's alignment with the strategic requirements of the EU Critical Raw Materials Act - reinforcing Hautalampi's role as a future-proof, responsible source of critical battery metals. The updated submission includes among other things: Detailed groundwater and surface water modelling, Leaching potential assessments, An extractive waste management plan, and Natura 2000 assessment. New Risk • Sep 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (86% average weekly change). Shareholders have been substantially diluted in the past year (316% increase in shares outstanding). Market cap is less than US$10m (€2.02m market cap, or US$2.24m). New Risk • Mar 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (65% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (296% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€3.29m market cap, or US$3.60m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). New Risk • Feb 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 296% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (70% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (296% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€4.26m market cap, or US$4.59m). Annonce • Jan 24
Eurobattery Minerals AB has completed a Composite Units Offering. Eurobattery Minerals AB has completed a Composite Units Offering.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 28,288,737
Price\Range: SEK 0.8
Transaction Features: Rights Offering New Risk • Nov 14
New major risk - Revenue and earnings growth Earnings have declined by 29% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (40% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (121% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€3.95m market cap, or US$4.29m). New Risk • Aug 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.20m (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (121% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€9.20m market cap, or US$9.94m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (kr12m net loss in 2 years). New Risk • Jul 27
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: kr21m Forecast net loss in 2 years: kr27m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr9.0m free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Shareholders have been substantially diluted in the past year (104% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr27m net loss in 2 years). Market cap is less than US$100m (€11.6m market cap, or US$12.7m). Recent Insider Transactions • Jun 22
CEO & Director recently bought €90k worth of stock On the 20th of June, Roberto Martínez bought around 591k shares on-market at roughly €0.15 per share. This transaction amounted to 62% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Roberto's only on-market trade for the last 12 months. Breakeven Date Change • Feb 23
Forecast to breakeven in 2025 The analyst covering Eurobattery Minerals expects the company to break even for the first time. New forecast suggests the company will make a profit of kr19.5m in 2025. Average annual earnings growth of 30% is required to achieve expected profit on schedule. Annonce • Dec 13
Eurobattery Minerals AB to Report Fiscal Year 2022 Final Results on May 17, 2023 Eurobattery Minerals AB announced that they will report fiscal year 2022 final results on May 17, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman of the Board Henrik Johannesson was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Sep 29
Eurobattery Minerals AB Receives an Updated Resource Estimate on the Hautalampi Project Eurobattery Minerals AB announced that it has received an updated resource estimate on the Hautalampi project. The independent JORC-compliant estimate prepared by AFRY Finland Oy concludes that compared to previous analysis in 2021, the available mineral resources in the mine project has almost doubled with almost 40% more metals. Eurobattery Minerals owns 40% of the Hautalampi project and have the option to acquire 100% from its current majority owner FinnCobalt. text-align:justifyKey information and findings: New area covered: The new resource estimate prepared by AFRY Finland Oy includes newly estimated Hautalampi area and its North-Eastern extension known as the Mökkivaara area. Both areas have been the target of the year 2021 core drilling campaign, which was completed in December 2021. Significant tonnage increase: Compared to the estimate by AFRY Finland Oy in 2021, the total tonnage in the measured, indicated, and inferred resource categories tonnage has almost doubled and contained metal increased approximately 39% in the mine lease area. JORC-code compliant: The estimate has been prepared and reported in accordance with the recommendations of the 2012 Australasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves (JORC-code). The mineral resource is estimated using a database containing approximately 86,500 meters of diamond core drilling including 4,600 meters drilled during the 2021 campaign. Next steps: With the resource update in hand, Eurobattery Minerals will now conduct further technical and economical evaluations of the project viability. This includes investigate different downstream processing and off-take options to receive maximum revenue especially from the Nickel-Cobalt concentrate. text-align: justifyDetails about the Hautalampi and Mökkivaara deposit measured and indicated mineral resource: 9.3 million tonnes (Mt) at an average grade of Ni 0.28%, Cu 0.19% Cu and Co 0.07%; Contained metal Ni 26,100 tonnes, Cu 17,700 tonnes and Co 6,200 tonnes in the measured and indicated category; Additional inferred resources at Hautalampi area 0.2 Mt at an average grade of Ni 0.21%, Cu 0.12% and Co 0.02%. The north-east extension of the mineralization, Mökkivaara deposit, with following inferred resource: 3.2 Mt at an average grade of Ni 0.22%, Cu 0.13% and Co 0.05%; Contained metal: Ni 7,000 tonnes, Cu 4,100 tonnes and Co 1,600 tonnes. The mineral resource is estimated using a database containing approximately 86,500 meters of diamond core drilling including 4,600 meters drilled during the 2021 campaign. Annonce • Aug 30
Eurobattery Minerals Submits Necessary Information for the Environmental and Operating Permit for Spanish Corcel Project Eurobattery Minerals AB and Börse Stuttgart: EBM announces that it has submitted the necessary document to the Energy & Mining Service of La Coruña, Spain, to complete the Environmental Impact Statement and the Operating Permit for its Spanish battery mineral project Corcel. Completion of the Environmental Impact Statement and the Operating Permit is fundamental for the start of mining operations in Corcel. In order to obtain these permits, Eurobattery Minerals has now submitted the Exploitation Project (1), the Environmental Impact Study (2), and the Restoration Plan (3) to the local authorities. The Exploitation Project (1) justifies that the Ni-Co-Cu resources within the Corcel project allow for developing a technically and economically viable mining project. The Environmental Impact Study (2) analyses the current state of the area where the project will be developed and identifies the possible impacts of the mining project's implementation on the environment. Based on the Environmental Study, the proposed Restoration Plan (3) will be designed for the area's environmental and landscape integration and ecological improvement. The Restoration Plan justifies that the development of the Corcel mining project adds value to a resource declared as strategic by the European Union due to its scarcity and increased demand in recent years. Furthermore, the development of the Corcel mine is contributing to the "ecological transition" and decarbonisation. It allows the development of an economic activity that generates wealth and employment and positively impacts the area where the project will be implemented. Annonce • Jun 01
Eurobattery Minerals AB (NGM:BAT) acquired 40% stake in FinnCobalt Oy. Eurobattery Minerals AB (NGM:BAT) acquired 40% stake in FinnCobalt Oy on May 31, 2022. FinnCobalt Oy, which owns the ground and all mining rights of the Finnish Hautalampi nickel-cobalt-copper project. This is the first time Eurobattery Minerals has exercised its option to acquire 100% of the shares in FinnCobalt Oy in a staged process. The acquisition plays a significant role in the development of the company and in achieving its goal to establish a battery mineral mine followed by production and sales of critical battery minerals starting in 2023. The board of directors of Eurobattery Minerals has informed the founders of FinnCobalt Oy that they will exercise the first option to the contract that became effective on May 27, 2020, so that in the next 60 days before July 27, 2022 Eurobattery Minerals would make said option effective by paying in corresponding cash €0.25 million as stipulated in the contract and a subscription of €1 mullion in EBM shares to the three founders. These two actions will be taken parallelly and simultaneously.
Eurobattery Minerals AB (NGM:BAT) completed the acquisition of 40% stake in FinnCobalt Oy on May 31, 2022 Annonce • May 31
Eurobattery Minerals AB, Annual General Meeting, Jun 22, 2022 Eurobattery Minerals AB, Annual General Meeting, Jun 22, 2022. Annonce • May 24
Eurobattery Minerals AB Completes Another Step Towards Realization of Finnish Battery Mineral Project Hautalampi Eurobattery Minerals AB announced that FinnCobalt Oy, current owner of the Hautalampi project, has submitted the Hautalampi project Environmental Impact Assessment (EIA) Report to the North Karelia Centre for Economic Development, Transport and the Environment ("ELY-centre") for official review. The EIA report will present the current status of the environment of the Hautalampi mine project, the environmental impact of the assessed options as well as their significance. As soon as the environmental compatibility of the Hautalampi project is officially confirmed, one of the conditions for Eurobattery Minerals to start mining at Hautalampi will be fulfilled. The report comprises two different options for the Tailings Storage Facility and two options for the discharge waters and has been drafted based on the EIA-programme and the competent authority's official conclusion on the programme. The official conclusion of the Environmental Impact Assessment report is expected on 22 September 2022. FinnCobalt Oy will commence the preparation of the Environmental Permit Application immediately and will submit the application in due course. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman of the Board Henrik Johannesson was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 02
Eurobattery Minerals AB, Annual General Meeting, Jun 07, 2022 Eurobattery Minerals AB, Annual General Meeting, Jun 07, 2022. Annonce • Apr 01
Eurobattery Minerals AB Announces First Results from Phase 2 Drilling Campaign At Finncobalt Hautalampi Ni-Co-Cu Project Eurobattery Minerals AB announced first results from the phase 2 drilling campaign completed at the FinnCobalt Hautalampi Ni-Co-Cu project in eastern Finland, a project Eurobattery Minerals have the option to acquire to 100 %. The results indicate a connection and resource expansion potential between the earlier defined Hautalampi and Mökkivaara resources making intended future mining operations more efficient and economic. Complete results initially planned for in First Quarter 2022) are delayed due to Covid-19 problems at the external ALS Laboratory, Ireland. Results and a mineral resource update in accordance with the JORC code, is now expected in Q2. The first received assay results and visual observations from phase 2 drilling campaign in Hautalampi Ni-Co-Cu project give a strong indication that Hautalampi and Mökkivaara resources are connected. The company expects to receive final assays results based on the 1,600 samples from 45 drill holes completed in phase 2 drilling campaign including a mineral resource update in the second quarter of 2022. Complete results (initially planned for in First Quarter 2022) are delayed due to Covid-19 at the external ALS laboratory in Ireland. Results and a mineral resource update in accordance with the JORC code, is now expected in Q2. Previous drilling campaign in 2020 confirmed a resource increase of approximately 100%. FinnCobalt Oy commenced the new drilling campaign (Phase 2) in mid-October 2021 in the Hautalampi mine project development area. The campaign covered the previously non-drilled gap area between the Hautalampi deposit and the north-eastern extension of the project, known as the Mökkivaara deposit, and aimed to verify resources between these already established deposits. The goals of the Phase 2 drilling campaign were: Fill the drilling gap between the existing Hautalampi resource area and the north-eastern extension known as the Mökkivaara resource area (Central-Gap fill). Convert inferred resource to indicated resource at the Hautalampi resource area through drilling the most important gaps in the currently existing indicated resource zone (Hautalampi-Resource conversion). Extend the Hautalampi resource area further to the northeast (Central-Resource extension). Create an indicated mineral resource of the Mökkivaara resource by increasing the drilling density. Phase 2 drilling campaign was completed in late 2021. In total 45 drill holes were completed for a total of 4,606 meters. More than 1,600 samples will be submitted for geochemical assaying at ALS Geochemistry in Outokumpu and Ireland. The first received assay results and visual observations give a strong indication that Hautalampi and Mökkivaara resources are connected. Assay results from the first 18 holes. The true width of the intercepts is estimated to be mainly 80 - 90 percent and in minimum 75 percent of the intercept length. In HA21-125 and HA21-126 the true width is estimated to be lower than in other holes because of oblique drilling against the strike. All core loss is assigned a 0 value. Notable core loss occurs in HA21-120 between 64.42m - 65.62m, totalling 1.2 m. Annonce • Mar 29
Eurobattery Minerals AB Announces New Results from Spanish Corcel Support the Estimated 60 Million Tonnes with 0.25% Nickel Eurobattery Minerals AB announces that additional assay results have been received from the drill holes carried out in the 2021 diamond drilling campaign on its Spanish Corcel project, initiated in June 2021 and completed according to the budget in December 2021. Because of Covid-19, the ALS lab is delayed providing the necessary data needed for the Qualified Person to issue the accredited resource certification (Ni 43-101). This is now expected during the second quarter of 2022. Results have been received for 5 drill holes (COR005, COR006, COR007, COR008 and COR011) of the 7 drill holes drilled in the 2021 campaign. · Elevated levels of nickel (Ni), copper (Cu) and cobalt (Co) intersected in all the drill holes for which results are available. Assay highlights from these drill holes include: 17.6 m @ 0.27% Ni, 0.03% Cu and 0.01% Co (COR005). 24.1 m @ 0.40% Ni, 0.13% Cu and 0.01% Co (COR006). 20.1 m @ 0.41% Ni, 0.07% Cu and 0.01% Co (COR007). 22.0 m @ 0.30% Ni, 0.05% Cu and 0.01% Co (COR008) 18.40 m @ 0.29% Ni, 0.05% Cu and 0.01% Co (COR011). These results, together with those obtained in the 2019 campaign, confirm the interest of the Ni-Cu-Co deposit of the Corcel project and, taking into account the size of the anomalous zone, the company may be looking at a deposit of considerable size (around 60 million tonnes with 0.25% Ni). The results of the last two drill holes carried out in the 2021 campaign are awaited and are expected at the end of March, according to laboratory forecasts (ALS). Due to delays resulting from Covid-19 at the ALS lab in Ireland, the lab has been unable to finalize the necessary data needed for the Qualified Person to issue the accredited resource certification through the NI 43-101 technical report. This was originally planned for the first quarter of 2022 but is now expected during the second quarter of 2022. In 2021 a total of 7 diamond drill holes have been completed with a total drilled length of 1,134 meters. Work has focused on the "West Anomaly" where the company's previous exploration work recorded ground anomalies of up to 0.33% Ni coincident with an increase in the magnetic response of the underlying rocks. DDH COR003 (19DD0001) confirmed the source of the anomaly in this area with an average grade of 69 m @ 0.30% Ni, 0.038% Cu and 0.01% Co from 78 m depth, including 21m @ 0.345% Ni, 0.045% Cu and 0.011% Co from 78 m depth. Annonce • Jan 18
Eurobattery Minerals AB Announces Highly Satisfactory Results from Drillings At the Spanish Corcel Project: Estimated 60 Million Tonnes with 0.25% Nickel Eurobattery Minerals AB announced that the first assay results have been received from the drill holes carried out as part of the 2021 diamond drilling campaign on its Spanish Project (Corcel Project), initiated in June 2021 and completed on time and on budget. The company believes the results are highly satisfactory for the continued projection of the Corcel resource. The first assay results have been received from the first two drill holes (COR005 and COR006) of the seven drill holes carried out in 2021 in the Corcel Project. Elevated levels of nickel (Ni), copper (Cu) and cobalt (Co) intersected in drill holes COR005 & COR006. Assay highlights from the first two drill holes include: 17.6 m @ 0.27% Ni, 0.03% Cu and 0.01% Co (COR005). 23.2 m @ 0.24% Ni, 0.03% Cu and 0.01% Co (COR006). The first assay results of this campaign verify the interesting potential of the "West Anomaly", where drill hole COR003 (19DD001) confirmed at depth the good results obtained in the geochemical campaign, with an average of 69 m @ 0.30% Ni, 0.04% Cu and 0.01% Co. Assay results pending from the remaining drill holes. Results anticipated in the first months of 2022 to obtain the accredited resource certification (Ni 43-101) in the first quarter of 2022. Based on the results obtained in the 2019 campaign and the first results received this year, and taking into account the size of the anomalous zone, there is potentially a deposit of considerable size (around 60 million tonnes with 0.25% Ni). The 2021 drilling campaign was designed to define - from surface to a depth of approximately 150 metres - the existing resources of Ni, Cu and Co in an area that is approximately 150 metres in length along the western anomaly defined in the 2019 campaign, which has a North-South length of approximately 1,200 meters and an East-West width of approximately 375 meters. The results of the sample assays from the current drilling campaign are mostly pending. To date, only those corresponding to hole COR005 and part of hole COR006 have been received. The assay results available to date are highly satisfactory and corroborate the interesting potential of the "West Anomaly" as can be seen in the table below, which presents the intersections of these drill holes determined at a 0.15% Ni cut-off grade (normally applied in Ni open-pit mines). Annonce • Dec 28
Eurobattery Minerals Announces On-Schedule Completion of Drilling Campaigns in Finland and Spain Eurobattery Minerals AB announces the completion of the drilling campaigns in its Hautalampi project in Finland and its Corcel project in Spain. The campaigns have been completed on schedule and on budget. The drill cores have been dispatched to a laboratory operated by ALS to verify the resources. Due to delays at the lab because of the Covid-19 pandemic, the results will be presented in the first quarter of 2022. FinnCobalt Oy has informed Eurobattery Minerals that the recent core drilling campaign at the Hautalampi Mine development project ("Phase 2") has been completed on schedule and on budget. Eurobattery Minerals has the option to acquire 100% of FinnCobalt Oy in a staged acquisition. FinnCobalt Oy commenced a new drilling campaign in mid-October 2021 in the Hautalampi mine project development area. The campaign covered the previously non-drilled gap area between the Hautalampi deposit and the north-eastern extension of the project, known as the Mökkivaara deposits, and aimed to verify resources between these already established deposits. In total, 45 holes have been completed totalling 4,606 metres in length. The Phase 2 drilling campaign will continue with core logging and assaying, which is expected to be completed during the first quarter of 2022. This will be followed by the mineral resource update to be completed in the second quarter of 2022. The main goals of the Phase 2 drilling campaign were: Convert inferred resource to indicated resource at the Hautalampi resource area through drilling the most important gaps in the currently existing indicated resource zone (Hautalampi-Resource conversion). Extend the Hautalampi resource area further to the north-east (Central-Resource extension). Fill the drilling gap between the existing Hautalampi resource area and the north-eastern extension known as the Mökkivaara resource area (Central-Gap fill). Create an indicated mineral resource of the Mökkivaara resource by increasing the drilling density. The diamond drilling campaign in Eurobattery Minerals' Spanish Corcel project initiated in June 2021 has been completed on budget and on schedule. Key points from the 2021 drilling campaign: The drilling campaign initiated in June 2021 at the Corcel Project has been completed. A total of seven diamond drill holes were completed at a total drilled length of 1,134 metres. Work in this campaign focused on the "West Anomaly," where drill hole COR003 (19DD001) confirmed at depth the favourable results obtained in the geochemical campaign, with an average of 69m @ 0.30% Ni, 0.038% Cu, 0.01%. Board Change • Jul 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman of the Board Henrik Johannesson was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jul 07
Eurobattery Minerals AB Announces Mineral Resource Report from Hautalampi Project in Finland Available Eurobattery Minerals AB has been informed that FinnCobalt Oy has received a complete JORC 2012 compliant Mineral Resource report entitled "Hautalampi Ni-, Cu-, Co-Deposit Mineral Resource Estimate, Outokumpu, Finland" for the Hautalampi Mine development project. The Mineral Resource Report provides an update for the Hautalampi deposit and adjoining Mökkivaara deposit resources. Eurobattery Minerals has the option to acquire 100% of FinnCobalt Oy in a staged acquisition. The resource estimate is based on the database containing ca. 82 000 meters, 457 holes of core drilling including 3 768 meters, 29 holes which were drilled during 2020. The new resource estimate covers the whole Hautalampi project area including the results from the year 2020 drilling program at the project, in eastern Finland. The drilling confirmed significant resource expansion from 800m to 1 400m along strike to the northeast of the historical Hautalampi mineral resource to the Mökkivaara area. Mineral resource notes and assumptions: (1) The mineral resource estimate has an effective date of June 21, 2021. (2) Mineral resources do not have demonstrated economic viability. (3) The estimate has been prepared and reported in accordance with the recommendations of the 2012 Australasian Code for Reporting of Mineral Resources and Ore Reserves (JORC 2012). (4) Exchange rate used: USD/EUR 1.18. (5) Base case cut-off grade for the estimate of the mineral resources is 0.3 % NiEq. (6) NiEq = nickel equivalent percentage. NiEq grade calculated using (USD prices of) nickel USD 17,500 /t, copper USD 7,500 /t and cobalt US$ 45,000 /t. No metallurgical or recovery factors have been assumed at this early stage of the Project. NiEq grade calculation = Ni% + (Co%45,000+Cu%7,500)/17,500. (7) It is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated or measured mineral resources with continued exploration. (8) FinnCobalt is not aware of any legal, political, environmental, or other risks that could materially affect the potential development of the mineral resources. The Ordinary Kriging method ("OK") algorithm for grade interpolation was used for the Hautalampi Mineral Resource using an experimental variogram models created for the elements Ni, Cu, Co, S, Fe, and Zn. Mökkivaara Mineral Resource estimation was carried out using the Inverse Distance Squared method ("ID2") algorithm using a search ellipsoid oriented to the average strike, plunge and dip of the mineralised zone. Samples within the wireframes were composited to 1.5 m intervals. The estimate is based on a block size of 5 m (X)by 5 m (Y) by 5m (Z), with sub-blocks of 2.5m by 2.5m by 2.5m. The block model is rotated -45 degrees around Z -axis to match the general strike of the mineralization. A bulk density value of 2.82t/m³ was assigned to all materials (ore and waste). Competent Person's Statement: The Information in this release that relates to Mineral Resources is based on information compiled by Mr. Ville-Matti Seppä, a Competent Person who has an EurGeol qualification. Mr. Seppä is a full-time employee of AFRY Finland Oy. Mr. Seppä has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves". Mr. Seppä has reviewed, verified, and approved the contents of this news release as they relate to the mineral resource estimate. Mr. Seppä owns no shares in FinnCobalt Oy or Eurobattery Minerals AB. Annonce • Jun 24
Eurobattery Minerals AB Announces the Start of Fieldwork in New Finnish Project Eurobattery Minerals AB has been informed about the next steps for FinnCobalt Oy´s granted reservation permit for the Hietajärvi project with fieldwork starting this summer.Eurobattery Minerals has the option to acquire 100% of FinnCobalt Oy in a staged acquisition. During the winter months FinnCobalt has reviewed historical exploration data frorm its 290 km2 Hietajärvi reservation area. The area is allready known to include two Outokupu-type mineral deposits - Hietajärvi: 0.341 Mt @ 0.71 % Cu, 0.15 % Co, 0.18 % Ni and Kettukumpu: 0.4 Mt @ 0.44 % Cu, 0.07 % Co and 0.18 % Ni. Together with the Geological Survey of Finland, FinnCobalt and its consultants have used novel technology and prepared a new prospectivity map of the area. During the coming field season, FinnCobalt will do fieldwork on the previously unknown exploration targets generated in the area.Below is a map illustrating where the Hietajärvi project is located in relation to the Hautalampi project. Annonce • Jun 22
Eurobattery Minerals AB Informes Finncobalt Oy Receives A New Maiden Mineral Resources Estimate Results from Its Hautalampi Mine Development Project Eurobattery Minerals AB has been informed that FinnCobalt Oy has received a new maiden mineral resources estimate results from its Hautalampi mine development project. The new resource estimate includes newly estimated Hautalampi area and its North-Eastern extension known as the Mökkivaara deposit area, which was the target of the year 2020 core drilling campaign. Eurobattery Minerals has the option to acquire 100% of FinnCobalt Oy in a staged acquisition. The resource estimate is based on database containing ca. 82 000 meters, 457 holes of core drilling including 3 768 meters, 29 holes which were drilled during 2020. (1) The mineral resource estimate has an effective date of June 21, 2021. (2) Mineral resources do not have demonstrated economic viability. (3) The estimate has been prepared and reported in accordance with the recommendations of the 2012 Australasian Code for Reporting of Mineral Resources and Ore Reserves (JORC 2012). (4) Exhange rate used: USD/EUR 1.18. (5) Base case cut-off grade for the estimate of the mineral resources is 0.3 % NiEq. (6) NiEq = nickel equivalent percentage. NiEq grade calculated using (USD prices of) nickel $17,500 /t, copper USD 7,500 /t and cobalt USD 45,000 /t. No metallurgical or recovery factors have been assumed at this early stage of the Project. NiEq grade calculation = Ni% + (Co%45000+Cu%7500)/17500. (7) It is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated or measured mineral resources with continued exploration. (8) FinnCobalt is not aware of any legal, political, environmental, or other risks that could materially affect the potential development of the mineral resources. The Ordinary Kriging method ("OK") algorithm for grade interpolation was used for the Hautalampi Mineral Resource using an experimental variogram models created for the elements Ni, Cu, Co, S, Fe and Zn. Mökkivaara Mineral Resource estimation was carried out using the Inverse Distance Squared method ("ID2") algorithm using a search ellipsoid oriented to the average strike, plunge and dip of the mineralised zone. Samples within the wireframes were composited to 1.5 m interval. The estimate is based on a block size of 5 m (X)by 5 m (Y) by 5m (Z), with sub-blocks of 2.5m by 2.5m by 2.5m. The block model is rotated -45 degrees around Z -axis to match the general strike of the mineralization. A bulk density value of 2.82t/m³ was assigned to all material (ore and waste). Annonce • Jun 15
Eurobattery Minerals Starts New Drilling Campaign At Corcel Project in Spain Eurobattery Minerals AB announces the start of a new drilling campaign as part of its Spanish Corcel project. The new drilling campaign will target the Castriz prospect zone. Castriz is one of three primary prospects in the larger Corcel project, together with Monte Mayor and Monte Castello. The aim of the drilling campaign is to obtain an estimate of inferred resources, as stipulated in the JORC code. The drilling campaign and the JORC resource estimate will be finalised in December 2021. The Corcel project is located in northwest Spain, some 50 kilometres from the city of La Coruña. The drilling campaign will begin in June and be finalised in December 2021, with a target of carrying out new drilling totalling approximately 1,000 metres. The aim of the new campaign is to define an accredited resource estimation using the JORC code. The code sets out the minimum standards, recommendations and guidelines for estimating and public reporting of exploration results, mineral resources and ore reserves. The previous drilling campaign in 2019 demonstrated extensive Ni-Cu-Co anomalies with higher grade values than initially expected (especially in Ni). The final results of the work carried out in 2019 showed that the mineralised area prospected was more significant than initially expected. The drilling results considerably increased the size of the prospective resource, confirmed the grade and demonstrated the continued potential for large tonnage resource. The results of the mineral test conducted by SGS Lakefield in Canada and ALS GLOBAL in Perth, Australia, confirmed the economical grade nickel sulphide found in the Corcel Project. The results from the analytical method utilised by ALS Global (ME-ICP09) confirmed that 75-85% of the nickel in the samples submitted is attributable to nickel sourced from economic sulphide minerals. The mineral studies conducted by SGS Lakefield in Canada (QEMSCAN and EPMA) determined the predominant Ni-sulphide mineral pentlandite with very minor millerite and violarite. Silicate minerals, iron oxides and chromite contain relatively low nickel concentrations. The 2021 drilling works will focus on the "western anomaly," in the vicinity of the DDH COR003 (19DD0001), where the company's previous exploration activities recorded soil anomalies up to 0.33% Ni coincident, with an increase in the magnetic response of the underlying rocks. The DDH COR003 (19DD0001) confirmed the source of the anomaly in this area with an average grade of 69m @ 0.30% Ni, 0.038% Cu, 0.01% Co from 78m, including 21m @ 0.345% Ni, 0.045% Cu, 0.011% Co from 78m depth. Due to the results obtained during the last campaign, the objective of the work in 2021 is to fully recognise the anomaly and to be able to obtain resources from this area by the end of the year. In order to carry out the drilling work, an agreement has been reached with the owners of the land where the anomaly is located. Annonce • Feb 04
Eurobattery Minerals AB, Annual General Meeting, Jun 01, 2021 Eurobattery Minerals AB, Annual General Meeting, Jun 01, 2021. Annonce • Feb 02
Eurobattery Minerals AB Announces A Positive First Result from Its Collaboration with the AGH University of Science and Technology Eurobattery Minerals AB announced a positive first result from its collaboration with the AGH University of Science and Technology in Krakow. The joint research project has two goals; to identify the main mineral carriers of the battery mineral vanadium and to develop optimal sustainable methods for extracting the metal from vanadium-rich minerals. Vanadium is a critical raw material in batteries and a key component for the electric vehicle (EV) industry. Key points: Positive first results from AGH University of Science and Technology in Krakow on developing an optimal technology of extracting vanadium and rare earth elements (REE) from minerals in black shales; The technology used in the experiment allows cost-effective and sustainable enrichment of vanadium and REE at relatively low temperatures and no use of chemicals; The research further concludes that the previously confirmed large quantities of vanadium in the Fetsjön black shales is partly tied to the mineral rutile and partly to clays and mica fraction; Next step is further tests on separation and extraction of vanadium and REE; The research project is part of the ongoing collaboration between the universities in Krakow and Uppsala and Eurobattery Minerals. Via experimental studies on vanadium-rich black shales from Eurobattery Minerals Fetsjön-project, the scientists have concluded that part of the vanadium is tied to the mineral rutile (TiO\2\) and part to clays and mica minerals. The scientists have managed to thermally concentrate vanadium-enriched fractions to identify the vanadium-bearing minerals and additional rare earth elements (REE) in the black shales. The separation has been successful already at relatively low temperatures meaning that less power is needed. Furthermore, the process allows for separation without using chemicals. Producing a low-cost metal-enriched concentrate may be a new method in extracting vanadium. Is New 90 Day High Low • Feb 02
New 90-day high: €2.88 The company is up 115% from its price of €1.34 on 04 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 64% over the same period. Is New 90 Day High Low • Jan 09
New 90-day high: €1.77 The company is up 20% from its price of €1.48 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 53% over the same period. Annonce • Dec 16
Eurobattery Minerals AB Announces That FinnCobalt Oy Has Submitted Hautalampi Projects EIA-Programme to the North Karelia Centre for Economic Development, Transport and the Environment Eurobattery Minerals AB announced that FinnCobalt Oy has submitted Hautalampi projects EIA-Programme to the North Karelia Centre for Economic Development, Transport and the Environment (ELY-centre). FinnCobalt Oy expects to submit the final EIA-report before May 2021. The Company has the option to acquire 100% of FinnCobalt Oy in a staged acquisition. The EIA-programme is a plan defining the impacts to be assessed during the EIA-procedure and the methods of the assessment. The programme includes basic information on FinnCobalt Oy's planned mining and processing operations and the options under assessment, a plan of communications during the EIA procedure as well as an assessment on the schedule of the project and the EIA procedure. According to the Act on Environmental Impact Assessment, the EIA procedure will examine the environmental effects resulting from Hautalampi projects mining operations and processing operations. These effects concern: people's health, living conditions and well-being in the area; surface and ground waters, soil, air, climate, vegetation, organisms and diversity of nature; community structure, buildings, landscape and cultural heritage as well as; the relationships between these factors. Three options will be evaluated in the EIA-procedure: Option 0: No project development at all. Option 1: Underground mine with adjoining flotation plant to produce copper- and nickel-cobalt concentrate will be developed. Concentrates will be sold and trucked off-site for further processing. Option 2: Underground mine with adjoining flotation plant to produce copper- and nickel-cobalt concentrate will be developed. Copper concentrate will be sold and trucked off-site; nickel-cobalt concentrate will be processed on-site to produce chemicals for further battery production. The most essential steps in the EIA procedure include: an assessment of the current state of the environment; definitions of various project alternatives, assessments of their environmental impacts, and a comprehensive picture of the impacts of the project and its implementation alternatives, presented together with assessments of the scale and significance of such impacts; plans for the mitigation of detrimental impacts; and the publication of an accurate and coherent EIA report. It must assess impacts on nature, human beings and the built environment and cover exceptional situations, environmental accidents, and means to mitigate adverse impacts. Annonce • Dec 02
Eurobattery Minerals AB Announces FinnCobalt Oy Updated the Company on Additional Assay Results from Summers Drilling Programme At the Hautalampi Ni-Co-Cu Project Eurobattery Minerals AB announced that FinnCobalt Oy has updated the Company on additional assay results from summers drilling programme at the Hautalampi Ni-Co-Cu Project ("Hautalampi"; "the Project"), eastern Finland. The Company has the option to acquire 100% of FinnCobalt Oy in a staged acquisition. Additional assay results have been received from the drilling programme completed at the Hautalampi nickel (Ni), cobalt (Co), copper (Cu) project in eastern Finland. · Drilling has confirmed significant extensions to the known mineralisation from 800 meter to 1,400 meter along strike to the northeast of the historical resource. Mineralisation still open along strike and down dip. Annonce • Nov 25
Eurobattery Minerals AB and AHG University of Science and Technology Announces an Extension of its Existing Project Collaboration Eurobattery Minerals AB and the AHG University of Science and Technology announced an extension of its existing project collaboration. The goal of the project is to identify the main mineral carriers of the battery mineral vanadium and methods to extract the metal efficiently. In this research project, scientists will use black shale rock material from Eurobattery Minerals exploration project Fetsjön in northern Sweden. Previous results from 52 exploration boreholes and chemical analyses confirm that the black shales at Fetsjön include large quantities of vanadium. Dr Maciej Manecki at the Department of Mineralogy, Petrography and Geochemistry at AGH University of Science and Technology conducting this scientific project, hypothesize that vanadium in this kind of rock is bound to oxide and mica minerals. This hypothesis is supported by previous research at Fetsjön and other parts of the world with similar rock formations. To identify the vanadium-bearing minerals, the scientists will thermally remove the carbonaceous substance of the shales and then use a sequence of procedures for the separation of mica and heavy minerals to obtain and identify the vanadium-enriched fractions. Annonce • Nov 19
Eurobattery Minerals Supports Uppsala University's Vinnova Application for New Scientific Approach to Extracting Battery Minerals Eurobattery Minerals AB announced an extension of its ongoing collaboration with Uppsala University. The company supports the university in its application to the Swedish innovation agency Vinnova in a project that focuses on new and modern methods of extracting REE from the shales in Fetsjön and other apatite rich discoveries in Sweden. As part of this project, Eurobattery Minerals will provide both mineralised samples from Fetsjön as well as financial funding. Vinnova is expected to announce their decision in the beginning of spring 2021. The scientist from the Department of Earth Sciences at Uppsala University has figured out an efficient way of extracting REE from phosphates typically located in black shales, such as in Fetsjön. The next step is now to create a small experimental plant and run the University led REE beneficiation experiments on a bigger scale. Annonce • Oct 13
Eurobattery Minerals AB Announces the Completion of Phase 1 Drilling at the Hautalampi Ni-Co-Cu Project, Eastern Finland Eurobattery Minerals AB announced that FinnCobalt Oyj (formerly Vulcan Hautalampi Oy) has informed the Company the completion of Phase 1 drilling at the Hautalampi Ni-Co-Cu Project, eastern Finland. The drilling campaign has confirmed resource expansion potential between 800 meters and 1,400 meters along strike from historical mineral resource estimate with consistent Ni-Co-Cu mineralisation being intersected. Eurobattery Minerals has the option to acquire 100% of FinnCobalt Oyj in a staged acquisition. Phase 1 drilling completed at Hautalampi Project in central Finland. In total 29 drill holes completed for a total of 3,769 meters. More than 1,000 samples submitted for geochemical assaying at ALS Geochemistry in Outokumpu with final assay results anticipated in 6-8 weeks. Drilling targeted resource expansion in the prospective Blue Sky zone located along trend from historical mineral resource. Drilling has confirmed resource expansion potential between 800 meters and 1,400 meters along strike from historical mineral resource estimate with consistent Ni-Co-Cu mineralisation being intersected. FinnCobalt has informed the Company that Phase 1 drilling has been completed at Hautalampi Project. All drill holes were completed within the valid Hautalampi mining concession. The Phase 1 drilling programme is the first completed since the Company announced the option to acquire the Project in May 2020[[1]]. Drilling targeted resource extensions along strike from the historic NI43-101 mineral resource estimate of 3.15Mt @ 0.43% Ni, 0.35% Cu, 0.12% Co (Fig. 1). A total of 29 drill holes were completed for 3,769m. More than 1,000 samples have so far been submitted for geochemical assaying at ALS Geochemistry in Outokumpu. Drilling has confirmed the presence of Ni-Co-Cu sulphides and resource expansion potential between 800m and 1,400m along strike from the previously defined historical mineral resource. A consistent zone of mineralisation containing Ni-Co-Cu sulphides have being intersected including high-grade Co-Ni mineralisation. Eurobattery Minerals is highly encouraged by the initial assay results which confirm the potential for economic grades of Ni-Co-Cu mineralisation being found outside the historic mineral resource area. The high-grade cobalt and nickel intersection is of particular interest for the addition of high-value resources. FinnCobalt have informed the Company that following geological logging and core processing, all remaining assays will be received over the next 6-8 weeks. Following receipt of the final assays, FinnCobalt and the Company will assess all drilling results and plan the next stage of resource expansion drilling and prefeasibility study. Annonce • Sep 22
Eurobattery Minerals AB Announces Mineral Test Results Conducted by SGS in Canada on the Nickel, Cobalt, Copper Castriz Prospect in Galicia, Northwest Spain Eurobattery Minerals AB announced mineral test results conducted by SGS in Canada on the nickel, cobalt, copper Castriz prospect in Galicia, northwest Spain. In the larger Corcel project, Castriz is one of three primary prospects together with Monte Mayor and Monte Castello. Key points: Mineral identification and characterisation studies completed on mineralised samples from Castriz Ni-Cu-Co prospect at the Corcel project. The results of the analysis conducted by SGS Lakefield in Canada confirms the economical grade nickel sulphide findings in the Corcel project and further confirms the broader prospectively of the Castriz project area. Seven samples from four diamond drill holes completed in 2019 were submitted to SGS Lakefield (Canada) for mineral identification and characterisation using QEMSCAN (Quantitative Evaluation of Materials by Scanning Electron Microscopy), chemical analysis and EPMA (electron microprobe analysis). The majority of samples were selected from the main mineralised nickel sulphide intervals previously confirmed by geochemical assaying. The objective of the study was to determine the mineral abundances and high-level analysis of liberation characteristics of sulphide and gangue (waste) minerals to aid with future mineral testing programmes. The Project: Samples submitted for analysis were sourced from mineralised intervals from the "Northern" and "Western" anomalies. The mineral studies determined the predominant Ni-sulphide mineral to be pentlandite ([Fe,Ni]\9\S\8\) with very minor millerite (NiS) and violarite (Fe[2+]Ni[3+]\2\S\4\). Silicate minerals, iron oxides and chromite contain relatively low nickel concentrations. The main silicates minerals include serpentine, pyroxenes, amphibole and chlorite. The Company announced that nickel concentrations in silicate minerals is low as this variety if nickel is refractory and physically non-recoverable. Furthermore, BAT is encouraged that the main Ni-bearing sulphide mineral is pentlandite as it is amenable to the conventional mineral recovery process of froth flotation. Initial nickel and copper mineral characteristics indicate that liberation will likely improve with decreasing grind size. Additional experimental studies are required to further understand mineral recovery parameters. Next steps: The company is encouraged by the latest evidence on the presence of nickel sulphides at Castriz which further confirms the broader prospectivity of the project area. BAT is assessing the latest mineral analysis results in relation to potential economic implications and development scenarios. Both bulk tonnage (low grade, large tonnage) and selective mining (high grade, smaller tonnage) strategies are being evaluated.