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Stockholm, 24 May 2022 – The mining company Eurobattery Minerals AB (Nordic Growth Market: BAT and Börse Stuttgart: EBM; in short: “EBM”, “Eurobattery” or “the Company”), today announces 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.
“We are very pleased that we have now completed this important step. The environmental impact assessment is a key part in our business strategy to establish a battery mineral mine and provide responsible mined European minerals. The report is comprehensive and includes all the environmental aspects of the Hautalampi project,” comments Roberto García Martínez, CEO of Eurobattery Minerals AB.
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.
The report has been compiled by Envineer Oy together with FinnCobalt Oy own personnel and other consultants and is available (in Finnish) at the following links:
About Eurobattery Minerals
Eurobattery Minerals AB is a Swedish mining company listed on Swedish Nordic Growth Market (BAT) and German Börse Stuttgart (EBM). With the vision to make Europe self-sufficient in responsibly mined battery minerals, the company’s focus is to realize numerous nickel-cobalt-copper projects in Europe to supply critical raw materials and, as such, power a cleaner world.
Please visit www.eurobatteryminerals.com for more information. Feel free to follow us on LinkedIn and Twitter as well.
Contact Eurobattery Minerals AB
Roberto García Martínez – CEO
E-mail: info@eurobatteryminerals.com
Contact Investor Relations
Linda Lenz
Phone: +49 (0) 172 834 18 92
E-mail: ir@eurobatteryminerals.com
Mentor
Augment Partners AB is the mentor to Eurobattery Minerals AB: Phone: +46 (0) 86 042 255, e-mail: info@augment.se.
Stockholm, 16th of May 2022 – The Board of Directors of Eurobattery Minerals AB (Nordic Growth Market: “BAT” and Börse Stuttgart: “EBM”; in short: “EBM”, “Eurobattery” or “the Company”) has decided that the Company’s Annual General Meeting, which was scheduled for Wednesday, 8th of June 2022, will be postponed. The reason for the decision is delays in the audit of the 2021 Annual Report by the auditor. The Board will shortly convene the Annual General Meeting again.
About Eurobattery Minerals
Eurobattery Minerals AB is a Swedish mining company listed on Swedish Nordic Growth Market (BAT) and German Börse Stuttgart (EBM). With the vision to make Europe self-sufficient in responsibly mined battery minerals, the company’s focus is to realize numerous nickel-cobalt-copper projects in Europe to supply critical raw materials and, as such, power a cleaner world.
Please visit www.eurobatteryminerals.com for more information. Feel free to follow us on LinkedIn and Twitter as well.
Contact Eurobattery Minerals AB
Roberto García Martínez – CEO
E-mail: info@eurobatteryminerals.com
Contact Investor Relations
Linda Lenz
Phone: +49 (0) 172 834 18 92
E-mail: ir@eurobatteryminerals.com
Mentor
Augment Partners AB is the mentor to Eurobattery Minerals AB: Phone: +46 (0) 86 042 255, e-mail: info@augment.se.
Stockholm, 8th February 2022 – Eurobattery Minerals AB (Nordic Growth Market: “BAT” and Börse Stuttgart: “EBM”), a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, today announces that FinnCobalt Oy has informed the company about its expansion in eastern Finland with a new granted reservation for applying an exploration permit over the highly prospective Varislahti prospect (“the Varislahti prospect”). The prospect covers over 23.6 km2 of ground highly prospective for Outokumpu-type deposits (cobalt-copper-nickel-zinc-gold). Eurobattery Minerals has the option to acquire 100% of FinnCobalt Oy in a staged acquisition.
“To meet Europe’s high and ever-increasing demand for battery minerals, the region needs to open more mines for these critical raw materials. Based on this demand, exploring new mineral deposits is a fundamental part of our business and I am very pleased that we are expanding our operations further in Finland, one of the most mining friendly countries in Europe”, said Roberto García Martínez, CEO of Eurobattery Minerals.
Key points:
- FinnCobalt expands its footprint in eastern Finland being granted a reservation for exploration over the highly prospective Varislahti project.
- Located ~10km west from the FinnCobalt Hautalampi project, Varislahti contains similar prospective rocks known to contain Co-Cu-Ni-Zn deposits.
- In the area there is already one known deposit, Riihilahti deposit with historical mineral resources defined at total 0.7 Mt @ Cu 0.72 %, Co 0.09 %, Ni 0.03 %, Zn 0.09 %, Au 0.3 ppm, Ag 6 ppm, S 3.84 %
- In addition, the area has historical drilling with some very interesting battery metals drill core intersections including:
- Usi-11 8.6m @ Cu 0.23 %, Co 0.25 % inc. 1.25m @ Cu 0.46 %, Co 0.61 %
- Usi-10 0.95m @ Cu 0.59 %, Co 0.09 %
- FinnCobalt Oy will commence works in the area by compiling existing geological information and will prepare a plan for future exploration in the area.
The Varislahti cobalt-copper-nickel-zinc prospect is ideally located to infrastructure and FinnCobalt’s current base of operations being approximately 10 km west of the Hautalampi project (Fig. 1).
Importantly, the prospective Outokumpu-type rock formations occur in the reservation area. The same formation hosts the Hautalampi Ni-Co-Cu deposit and other major mineral prospects and deposits. A reservation gives priority right to FinnCobalt to apply for an exploration permit over the area.
Figure 1. Varislahti reservation area (green area) in relation to Hautalampi project (red).
For more information, please contact:
Roberto García Martínez, CEO of Eurobattery Minerals
Follow us:
LinkedIn: https://www.linkedin.com/company/eurobattery-minerals-ab/
Twitter: https://twitter.com/eurobatterymin
About Eurobattery Minerals
Eurobattery Minerals AB is a Swedish mining company listed on NGM Nordic SME (BAT) and Börse Stuttgart (EBM). As the foundation of the battery value chain, the company’s vision is to help Europe become self-sufficient in ethical and fully traceable battery minerals for the electric vehicle industry. The company is focused on exploration and development of several nickel-cobalt-copper projects in Europe to supply sustainably mined raw materials critical to the rapidly growing battery market.
Visit www.eurobatteryminerals.com for more information.
Augment Partners AB, e-mail: info@augment.se, phone: +46 8-604 22 55, is the company’s Mentor.
Stockholm, 28 December 2021 – Eurobattery Minerals AB (Nordic Growth Market: “BAT” and Börse Stuttgart: “EBM”), a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, today 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.
“We are pleased to announce the completion of the drilling campaigns in both the Hautalampi and Corcel projects, where we see great potential for mining battery minerals on European soil. We are now eagerly awaiting the results from the lab,” comments Roberto Garcia, CEO of Eurobattery Minerals.
About the Hautalampi project drilling campaign
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.
Based on the visual observations of the drill cores, the campaign is expected to reach all the goals set.
Map of the drilling operations in the Hautalampi project
About the Corcel project drilling campaign
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%.
A total of seven diamond drill holes were completed at a total drilled length of 1,134 metres. Work 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 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. Work will continue with the logging and sampling of the drill holes and is expected to be completed in the first quarter of 2022.
The objective of this campaign was to fully recognise this anomaly and obtain a resource estimate in this area. Based on the core observations in the boreholes, the campaign is expected to achieve its objective and a proven resource estimate in accordance with National Instrument 43-101 – Standards for Disclosure for Minerals Projects (“NI 43-101”) is expected in the first quarter of 2022.
Image 1. DDH realised in the 2021 campaign.
For more information, please contact:
Roberto García Martínez, CEO of Eurobattery Minerals
Follow us:
LinkedIn: https://www.linkedin.com/company/eurobattery-minerals-ab/
Twitter: https://twitter.com/eurobatterymin
About Eurobattery Minerals
Eurobattery Minerals AB is a Swedish mining company listed on NGM Nordic SME (BAT) and Börse Stuttgart (EBM). As the foundation of the battery value chain, the company’s vision is to help Europe become self-sufficient in ethical and fully traceable battery minerals for the electric vehicle industry. The company is focused on exploration and development of several nickel-cobalt-copper projects in Europe to supply sustainably mined raw materials critical to the rapidly growing battery market.
Visit www.eurobatteryminerals.com for more information.
Augment Partners AB, e-mail: info@augment.se, phone: +46 8-604 22 55, is the company’s Mentor.
- FinnCobalt Oy has joined BATTRACE, a Finnish research project focusing on traceability and sustainable processing of battery metals. Eurobattery Minerals has the option to acquire 100% of FinnCobalt Oy in a staged acquisition.
- FinnCobalt’s role in the project will be the delivery of nickel-cobalt concentrate material from the Hautalampi mine development project for further traceability studies.
- The BATTRACE project, which will extent over three years, involves several industry partners, of which FinnCobalt Oy is one.
Stockholm,22 November 2021. Eurobattery Minerals AB (Nordic Growth Market: “BAT” and Börse Stuttgart “EBM”), today announced that FinnCobalt Oy has informed the company that it has joined BATTRACE, a Finnish research project focusing on traceability and sustainable processing of battery metals. Eurobattery Minerals has the option to acquire 100% of FinnCobalt Oy in a staged acquisition.
“Identification of the geographical origin of battery minerals, and the ability to track this along the value chain – from mine to battery cell – will create a competitive edge for future battery manufacturing. Joining this project will help our acquisition target FinnCobalt Oy and the Hautalampi mine project to participate in and monitor developments in this important area,” said Roberto García Martínez, CEO of Eurobattery Minerals.
FinnCobalt’s role in the project will be the delivery of nickel-cobalt concentrate material from the Hautalampi mine development project for further traceability studies. FinnCobalt has obtained this battery metals concentrate from its earlier extensive process development testing work, which was conducted by GTK Mintec and Outotec Oyj metallurgical laboratories, Finland.
The three-year BATTRACE project (Sustainable processing and traceability of battery metals, minerals, and materials), run by research partners VTT Technical Research Centre of Finland and Geological Survey of Finland (GTK), focuses on the traceability of battery metals, minerals and materials, and the optimisation of production processes. The project involves several industry partners, of which FinnCobalt Oy is one.
The traceability of raw materials is becoming increasingly important as the raw materials produced by the mining industry are required to come from well-known and responsibly operated sources. At present, it is not clear to what extent different analytical methods could be used to verify the origin of the metals used in the production of batteries. Verification of the origin of metals is important in the sustainable production of batteries. Each ore deposit has its own fingerprint based on its mineralogical and geochemical composition. The BATTRACE project identifies this fingerprint and investigates its preservation along the value chain. Improving the sustainability of battery production also requires optimised production processes that recover metals from ores and process them into raw materials for responsible battery producers.
For more information about BATTRACE, visit https://bit.ly/3CZd4g6.
For more information, please contact:
Roberto García Martínez, CEO of Eurobattery Minerals
Follow us:
LinkedIn: https://www.linkedin.com/company/eurobattery-minerals-ab/
Twitter: https://twitter.com/eurobatterymin
About Eurobattery Minerals
Eurobattery Minerals AB is a Swedish mining company listed on NGM Nordic SME (BAT) and Börse Stuttgart (EBM). As the foundation of the battery value chain, the company’s vision is to help Europe become self-sufficient in ethical and fully traceable battery minerals for the electric vehicle industry. The company is focused on exploration and development of several nickel-cobalt-copper projects in Europe to supply sustainably mined raw materials critical to the rapidly growing battery market.
Visit www.eurobatteryminerals.com for more information.
Augment Partners AB, e-mail: info@augment.se, phone: +46 8-604 22 55, is the company’s Mentor.
- The new drilling campaign, starting in mid-October 2021, will target the Hautalampi project resource increase
- The campaign will cover the previously non-drilled gap area between the Hautalampi deposit and the north-eastern extension of the project known as the Mökkivaara deposits aiming to verify resources between these already established deposits.
- Previous drilling campaign in 2020 confirmed a resource increase of approximately 100%
- With a target of approximately 5,000 meters of new drilling, the campaign will be finalized in early 2022
Stockholm, 14th October 2021. Eurobattery Minerals AB (Nordic Growth Market: “BAT” and Börse Stuttgart “EBM”), a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, today announces that FinnCobalt Oy is about to commence drilling at the Hautalampi nickel (Ni), cobalt (Co), copper (Cu) project (“Hautalampi”; “the project”) in Outokumpu, eastern Finland. Eurobattery Minerals has the option to acquire 100% of FinnCobalt Oy in a staged acquisition. Eurobattery Minerals is assuming the full cost for this drilling campaign as part of the option agreement between Eurobattery Minerals and FinnCobalt Oy.
“We are pleased to start a new drilling campaign at our nickel-copper and cobalt Hautalampi-project. Last year’s drilling campaign verified a 100% increase in the mineral resources of the area. We are now excited to see, if the Hautalampi and the Mökkivaara deposits are connected to each other as anticipated. This connection would make the production from Mökkivaara deposit economically more feasible as development works could be done in ore body,” said Roberto García Martínez, CEO of Eurobattery Minerals.
A diamond drill rig and crew are scheduled to arrive at the site on Wednesday 13th October with drilling to commence immediately. The experienced Finnish drilling contractor, Northdrill has previously worked on the project in 2017-2018 and 2020.
The main goals of this drilling campaign are:
- Converting 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).
- Extending the Hautalampi resource area further to the NE (Central-Resource extension).
- Filling the drilling gap between the existing Hautalampi resource area and the north-eastern extension known as the Mökkivaara resource area (Central-Gap fill).
- Creating an indicated mineral resource of the Mökkivaara resource through increasing the drilling density.
Figure 1. Location map of Hautalampi Project, eastern Finland
Figure 2. Plan view of Hautalampi and Mökkivaara resources highlighting proposed drill hole collar locations (red dots).
About the Hautalampi project
The Hautalampi Project is located at the same site as the famous Keretti (Outokumpu) copper mine (Figure 1). Approximately 28.5Mt @ 3.8% Cu was mined at Keretti from 1912 – 1989. The Hautalampi Ni-Co-Cu orebody is located parallel and above the exploited copper deposit. Existing surface and underground infrastructure, including a high voltage power line, concrete foundations and roads, provide significant location advantages to the project. Approximately €10-15M has been invested in Hautalampi by previous owners, including 26,000m of core drilling, a decline and additional underground mine development works (2,100m), mineral resource and reserve estimates, multiple mineral processing studies and a feasibility study. The previous investment enables FinnCobalt Oy and BAT to fast-track the project to an updated feasibility study status.
For more information, please contact:
Roberto García Martínez, CEO of Eurobattery Minerals
Follow us:
LinkedIn: https://www.linkedin.com/company/eurobattery-minerals-ab/
Twitter: https://twitter.com/eurobatterymin
About Eurobattery Minerals
Eurobattery Minerals AB is a Swedish mining company listed on NGM Nordic SME (BAT) and Börse Stuttgart (EBM). As the foundation of the battery value chain, the company’s vision is to help Europe become self-sufficient in ethical and fully traceable battery minerals for the electric vehicle industry. The company is focused on exploration and development of several nickel-cobalt-copper projects in Europe to supply sustainably mined raw materials critical to the rapidly growing battery market.
Visit www.eurobatteryminerals.com for more information.
Augment Partners AB, e-mail: info@augment.se, phone: +46 8-604 22 55, is the company’s Mentor.
Stockholm, 21. September 2021, Eurobattery Minerals AB (Nordic Growth Market: “BAT” and Börse Stuttgart “EBM”), today announced the result of a new survey on electric cars and sustainability. The survey is conducted in Sweden and Germany by the research company YouGov in August 2021 targeting Swedes and Germans who currently owns or leases, or are interested in buying or leasing, an electric or hybrid car.
“We wanted to conduct this survey to get better insights on how the end consumer value sustainability in connection to electric cars and batteries and it’s clear that sustainability is really a top priority for most people thinking about an electric car. The results are also somewhat challenging for the automotive industry as a large proportion of the respondents would refrain from buying the car if the battery minerals are sourced in an unsustainable way. Today many car companies are struggling with sustainable sourcing and its obvious that we need more battery minerals mines in Europe as well as increased traceability about the production process”,says Roberto García Martínez, CEO of Eurobattery Minerals
The report with the results of the survey can be found here https://eurobatteryminerals.com/pdf/bat-survery-swe-ger.pdf.
About the survey
The survey was conducted by the analysis institute YouGov simultaneously in Sweden and Germany. A total of 2,017-computer assisted web interviews took place of Swedes and a total of 2,129 of Germans aged 18+ between 11–16 August 2021 targeting individuals who currently own or lease – or are interested in buying or leasing – an electric or hybrid car.
In the survey “sustainability” has been defined using the UN definition: meeting the needs of the present without compromising the ability of future generations to meet their own needs.
For more information, please contact:
Roberto García Martínez, CEO of Eurobattery Minerals
Follow us:
LinkedIn: https://www.linkedin.com/company/eurobattery-minerals-ab/
Twitter: https://twitter.com/eurobatterymin
About Eurobattery Minerals
Eurobattery Minerals AB is a Swedish mining company listed on NGM Nordic SME (BAT) and Börse Stuttgart (EBM). As the foundation of the battery value chain, the company’s vision is to help Europe become self-sufficient in ethical and fully traceable battery minerals for the electric vehicle industry. The company is focused on exploration and development of several nickel-cobalt-copper projects in Europe to supply sustainably mined raw materials critical to the rapidly growing battery market.
Please visit www.eurobatteryminerals.com for more information.
Augment Partners AB, e-mail: info@augment.se, phone: +46 8-604 22 55, is the company’s Mentor.
“Europe needs to move faster to meet the demand”
Eurobattery Minerals AB (Nordic Growth Market: “BAT”), a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, today presents the report, “Critical raw materials and e-mobility” produced on behalf of the company by the London-based corporate risk advisory firm, Aperio Intelligence. The report provides an overview of the supply and demand for critical raw materials within the European Union, based on the EU’s goal of developing its self-sufficiency for raw materials in the context of the electric car revolution.
The report also analyses current and future market volumes of electric and plug-in hybrid vehicles and e-bikes – with a focus on Europe and China – and their associated demand for copper, nickel and cobalt.
“The report clearly shows the need to scale up mining production and the sourcing of raw materials within the EU. We need to act quickly to enable the electric car revolution and ultimately reach the Agenda 2030 targets outlined by the UN. From the report it is clear that Europe needs to move faster to meet the demand for these materials. A sustainable car industry cannot continue to rely on unsustainable mining”, says Roberto García Martínez, CEO of Eurobattery Minerals.
Some conclusions from the report:
Global annual copper demand was around 28 million tonnes in 2020, and consumption is expected to grow by approximately 38% by 2030 to about 38 million tonnes annually. In 2019 Europe’s mined production represented 13% of total world production.
The Democratic Republic of Congo dominates global mine production of cobalt, with the EU producing just 0,9% – or 1,377 tonnes – of the world’s total annual production. [1] According to the European Commission, cobalt demand within the EU will increase by five times by 2030.
A recent study commissioned by the European Commission from the consultancy Roskill indicates that automotive electrification is expected to represent the single largest growth sector for nickel demand globally over the next 20 years. In the EU, specifically, annual demand is expected to increase by 543,0000 tonnes by 2040, from the present 17,000 tonnes (2020).
To report download please visit https://eurobatteryminerals.com/pdf/aperio-intelligence-critical-materials-and-e-mobility.pdf.
About Aperio Intelligence
Aperio Intelligence is an independent corporate intelligence and financial crime advisory firm, head quartered in London. Founded in 2014, today there are 39 members of staff, speaking 24 languages in house, with offices in Paris, Bucharest and Cluj. Aperio has four service lines: due diligence, ESG, investigations and strategic intelligence. These complementary service offerings allow us to provide a range of solutions designed to address multi-faceted financial crime, regulatory, reputation and governance risks, and to provide well-sourced, objective and robust intelligence and insights to support critical business decisions.
Aperio works around the world and, beyond the UK and Europe, we have particular experience in Russia & the former Soviet Union, MENA, Africa, East Asia and Latin America’s larger economies. Since inception, Aperio Intelligence has completed over 4,000 reports, in around 130 countries and territories. Our clients include a wide range of leading international financial institutions, multi-nationals and law firms.
For further information, please contact:
Roberto García Martínez, CEO, Eurobattery Minerals
roberto@eurobatteryminerals.com
https://eurobatteryminerals.com/en/
Simon Jennings, Head of ESG, Aperio Intelligence
Simon.Jennings@aperio-intelligence.com
https://www.aperio-intelligence.com/
About Eurobattery Minerals
Eurobattery Minerals AB is a Swedish mining company listed on NGM Nordic SME (BAT) and Börse Stuttgart (EBM). As the foundation of the battery value chain the company’s vision is to help Europe become self-sufficient in ethical and fully traceable battery minerals for the electric vehicle industry. The company is focused on exploration and development of several nickel-cobalt-copper projects in Europe to supply raw material critical to the expanding electric vehicle battery market. Please visit www.eurobatteryminerals.com for more information.
Augment Partners AB, e-mail: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor.
[1] According to 2018 figures, World Mining Data.
Eurobattery Minerals AB (Nordic Growth Market: “BAT”; “the Company”), a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, today announces 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.
“I am happy with the progress in the Hautalampi project and that we have now submitted the important environmental impact assessment programme. With our strong focus on ethics and traceability the EIA is a first important step in providing the EV industry with sustainably mined battery minerals,” said Roberto García Martínez, CEO of Eurobattery Minerals.
About the EIA-programme
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 under evaluation
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 EIA procedure advances from the programme to a report
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.
After the programme phase, an EIA report on the assessed environmental effects will be drafted based on the EIA programme as well as opinions and statements presented on the programme. The EIA report will present, for instance, the current state of the environment, the environmental effects of the assessed options and their significance as well as a comparison of the assessed options. In addition, the report will detail methods to prevent and mitigate harmful effects, for instance.
The EIA procedure is an open process, and residents and other stakeholders have the opportunity to take part in it. Residents and other interested parties may participate in the process by expressing their views to the Eastern Finland ELY Centre, which acts as the coordinating authority. The organisation has published the EIA-programme on the internet https://www.ymparisto.fi/hautalammenkaivosYVA.
Opinions on the EIA-programme concerning the project development may be submitted to the North Karelia Centre for Economic Development, Transport and the Environment before 8th January 2021. Opinions should be sent to kirjaamo.pohjois-karjala@ely-keskus.fi or PL 69, 80101 Joensuu.
Open meeting Thursday 17th December
An open digital meeting on the EIA programme will be held commencing on Thursday, 17th December at 17:00 EET o’clock. Invitation can be obtained by sending an e-mail to petra.paldanius@envineer.fi or from the web-page between 16th-17th December https://www.finncobalt.com/?lang=fi.
The public will have the opportunity to express their views on the environmental impact assessment. Another meeting will be held after the EIA report has been completed.
Please observe that the meeting and all material will be all Finnish language.
For further information, please contact:
Roberto García Martínez, CEO
roberto@eurobatteryminerals.com
https://eurobatteryminerals.com//en/
About Eurobattery Minerals
Eurobattery Minerals AB is a Swedish mining company listed on NGM Nordic SME (BAT). As the foundation of the battery value chain the company’s vision is to help Europe become self-sufficient in ethical and fully traceable battery minerals for the electric vehicle industry. The company is focused on exploration and development of several nickel-cobalt-copper projects in Europe to supply raw material critical to the expanding electric vehicle battery market. Please visit www.eurobatteryminerals.com for more information.
Augment Partners AB, e-mail: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor.