Press releases-arkiv - Page 13 of 28

This information is of the kind that the Company is required to disclose in accordance with the EU’s Market Abuse Regulation. The information was issued for publication through the agency of the contact person set out above on 20th of May 2021 at 08:00 CEST.

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.

Eurobattery Minerals AB (NGM; “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 publish its annual report for 2020. Eurobattery Minerals AB’s annual report for 2020 is attached to this press release and is available to download from the Company’s website: https://eurobatteryminerals.com/en/economic-reports/.

For further information, please contact:

Roberto García Martínez, CEO

About Eurobattery Minerals

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.

FinnCobalt Oy has informed Eurobattery Minerals that it has commenced preparation of the updated mineral resource estimate for the Hautalampi Ni-Co-Cu Project, which Eurobattery Minerals has the option to acquire by 100 percent.
Tier-1 process consulting company AFRY (ÅF Pöyry) will prepare the estimation.
Results of new resource estimates are expected in 6 months.

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 hired a Tier-1 process consulting company AFRY to prepare a mineral resource estimate for the Hautalampi project (“Hautalampi”; “the Project”). AFRY will also provide other technical and economical evaluations and guidance for FinnCobalt Oy. The results are expected in 6 months. Eurobattery Minerals has the option to acquire 100% of FinnCobalt Oy in a staged acquisition.

“We are very thrilled to see the results of the new resource estimate, it’s an important background factor in developing a battery mineral mine. Our hypothesis’s of the Hautalampi mineralisation extending North-East from the Hautalampi mine was confirmed by last year’s drilling. Now it remains to see the results in numbers”, comments Roberto García Martínez, CEO of Eurobattery Minerals.

The new resource estimate will cover the whole Hautalampi project area including the results from the year 2020 drilling programme at the Project, in eastern Finland. The drilling confirmed significant resource expansion potential from 800m to 1,400m along strike to the northeast of the historical mineral resource, as well as continuity of the westernmost mineralised horizon in a southwest direction towards the historic Hautalampi mineral resource.

Also, the already estimated Hautalampi mine mineral resource will be updated using updated metal price forecasts and results from the recent metallurgical test work, which was completed by GTK Mintec and Outotec Oyj during the years 2018-2019.

AFRY (ÅF Pöyry) is a Swedish-Finnish engineering, consulting and design company within the fields of energy, industry, infrastructure and information technology. It was formed in 1895 and is one of the biggest Scandinavian consulting giants with headcount close to 17,500 consultants all over the world. AFRY is the new common brand resulting from the merger between ÅF (originally, Aktiebolaget Ångpanneföreningen (The Steam-Boiler Association) and Pöyry Oyj.

For further information, please contact:

Roberto García Martínez, CEO

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 8 604 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

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.

Fourth quarter 2020 (same period previous year)

Net sales amounted to SEK 0 thousand (SEK 0 thousand).
Operating income after depreciation/amortisation and financial items totalled SEK –5,336 thousand (SEK –2,939 thousand).
Earnings per share after depreciation/amortisation and financial items amounted to SEK –0.34 (SEK –0.30).
Cash flow from operating activities was SEK –5,786 thousand (SEK –3,493 thousand).

Full year 2020 (same period previous year)

Net sales amounted to SEK 0 thousand (SEK 0 thousand).
Operating income after depreciation/amortisation and financial items totalled SEK –14,028 thousand (SEK –11,809 thousand).
Earnings per share after depreciation/amortisation and financial items amounted to SEK –0.89 (SEK –1.26).
Cash flow from operating activities was SEK –14,203 thousand (SEK –12,317 thousand).

Significant events during the period

Eurobattery Minerals joined the Initiative for Responsible Mining Assurance (IRMA). As a member, Eurobattery Minerals will participate in, and support credible independent third-party verification and certification against a comprehensive best-practice standard that addresses the range of environmental and social issues related to industrial-scale mines. [1]
FinnCobalt Oy, a company Eurobattery Minerals has the option to acquire to 100% in a staged acquisition, informed the Company about its expansion in eastern Finland with a new reservation permit granted for exploration over the highly prospective Hietajärvi Project. The Project covers over 289km2 of ground highly prospective for cobalt, copper, nickel and zinc deposits. [2]
In June and July 2020, the Company carried out a rights issue of units, consisting of shares and warrants. The exercise period for the warrants ended on 16 October, and a total of 1,895,819 warrants were exercised, corresponding to a subscription rate of approximately 96 per cent. The Company thereby received proceeds of approximately SEK 22.7 million before issue costs. [3]
The Company extended its ongoing collaboration with Uppsala University, supporting the university’s application to the Swedish innovation agency, Vinnova, for funding for a project focusing on new, modern methods of extracting REE from the shale in Fetsjön and other apatite rich discoveries in Sweden. Vinnova is expected to announce a decision at the beginning of spring 2021. [4]
Eurobattery Minerals and AGH University of Science and Technology in Krakow, Poland, extended its existing collaboration with a project that aims to identify the main mineral carriers of the battery mineral vanadium, and to come up with efficient extraction methods. 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 shale at Fetsjön includes large quantities of vanadium. [5]
FinnCobalt Oy has updated Eurobattery Minerals on assay results from last summer’s drilling programme at the Hautalampi Ni-Co-Cu Project (“Hautalampi”; “the Project”), eastern Finland. Drilling has confirmed significant extensions to the known mineralisation from 800 metres to 1,400 metres along a strike to the northeast of the historical resource. The mineralisation remains open along strike and down dip. [6]
Eurobattery Minerals announced that FinnCobalt Oy has submitted the Hautalampi project’s EIA-Programme to the North Karelia Centre for Economic Development, Transport and the Environment. [7]
Eurobattery Minerals announced that FinnCobalt Oy has received a decision on a EUR 630,000 (SEK 6.4 million) development grant for its Finnish Hautalampi mine and processing plant project from the South Savolax Centre for Economic Development, Transport and the Environment (“ELY-centre”). The European Regional Development Fund (ERDF) programme granted the funds. [8]

Significant events after the period

The Company announced its expansion to the Börse Stuttgart, under the ticker EBM, via an extension of its listing on Nordic Growth Market (NGM) in Sweden. The Company also announced that it will open an office in Berlin during the first quarter of 2021. The Company will remain a Swedish public limited company (AB) headquartered in Stockholm. [9]
FinnCobalt Oy updated Eurobattery Minerals on the final assay results from last summer’s drilling programme at the Hautalampi Ni-Co-Cu Project in eastern Finland. The drilling has confirmed significant resource expansion potential from 800 metres to 1,400 metres along a strike to the northeast of the historical mineral resource, as well as continuity of the westernmost mineralised horizon in a southwesterly direction towards the historic Hautalampi mineral resource. Eurobattery Minerals has the option to acquire 100% of FinnCobalt Oy in a staged acquisition. [10]
The Company announced a positive initial result from its collaboration with AGH University of Science and Technology in Krakow on developing an efficient method of extracting vanadium and rare earth elements (REE) from minerals in black shale. The technology used in the experiment allows cost-effective and sustainable enrichment of vanadium and REE at relatively low temperatures, without the use of any chemicals. The research further concludes that the previously confirmed large quantities of vanadium in the Fetsjön black shale is partly tied to the mineral rutile and partly to clays and mica fraction. [11]

Summary of comments from Eurobattery Minerals CEO Roberto García Martínez:

“Q4 rounds of a very active year for Eurobattery Minerals and I am proud of the progress the company made in 2020 in delivering on our vision of being the foundation of the battery and electric vehicle value chain by producing ethical and fully traceable battery minerals in Europe.

Specifically, I’d like to highlight our progress in Finland during the quarter where we have received the final assays from our drilling campaign in Hautalampi project that confirmed a significant resource expansion. Further to this the same project has been awarded a development grant and we have also submitted the EIA-programme for it – in all, we are ready for the next step in Hautalampi”.

Eurobattery Minerals AB Year-end Report January – December 2020 is attached to this press release and is available to download from the Company’s website:

https://eurobatteryminerals.com/en/economic-reports/

For further information, please contact:

Roberto García Martínez, CEO

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] Eurobattery Minerals becomes memeber of global responsible mining initative. Press release 07/10/20

[2] New granted reservation permit for exploration in Finland. Press release 14/10/20.

[3] Eurobattery Minerals receives approximately SEK 22.7 million through warrant redemption. Press release 16/10/20.

[4] Eurobattery Minerals supports Uppsala University’s Vinnova application for new scientific approach to extracting battery minerals. Press release 19/11/20.

[5] Research on vanadium enters next phase in Eurobattery Minerals’ Fetsjön project. Press release 25/11/20.

[6] Assays confirm resource expansion at the Hautalampi project, Finland. Press release 30/11/20.

[7] Finncobalt OY’s Hautalampi mine development project environmental assessment (“EIA”) programme published and submitted. Press release 14/12/20.

[8] Finnish Hautalampi project awarded a development grant of SEK 6.4 million. Press release 16/12/20.

[9] Eurobattery Minerals expands to Germany via dual listing and new office. Press release 15/01/21.

[10] Resource upside at Hautalampi-Project in Finland. Press release 25/01/21

[11] Sustainable and cost-effective method of Fetsjön vanadium enrichment identified in research collaboration. Press release 01/02/21

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, 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 (TiO2) 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.

“We are thrilled about these early results suggesting that the vanadium in our Fetsjön project, and elsewhere, can be obtained more sustainably and cost-effectively than what we have known to date”, said Roberto García Martínez, CEO of Eurobattery Minerals.

Dr Maciej Manecki runs the research project at the Department of Mineralogy, Petrography and Geochemistry at AGH University of Science and Technology in Krakow, Poland, and he is optimistic about the results:

“The research supports my hypothesis, as well as previous research at Fetsjön and other parts of the world with similar rock formations – vanadium in black shales is bound to oxide and/or mica minerals and it’s possible to thermally concentrate the metal at relatively low temperatures and without the use of chemicals. I am looking forward to seeing the outcome from further tests on the separation and extraction of vanadium and REE”, Dr Maciej Manecki concludes.

For further information, please contact:

Roberto García Martínez, CEO

https://eurobatteryminerals.com/en/

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.

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 updated the Company on the final assay results from summers drilling programme at the Hautalampi Ni-Co-Cu Project (“Hautalampi”; “the Project”), eastern Finland. The drilling has confirmed significant resource expansion potential from 800m to 1,400m along strike to the northeast of the historical mineral resource, as well as continuity of the westernmost mineralised horizon (Blue Sky 1) in a southwest direction towards the historic Hautalampi mineral resource. Eurobattery Minerals has the option to acquire 100% of FinnCobalt Oy in a staged acquisition.

Key points:

Final assay results received from the drilling programme completed at the Hautalampi nickel (Ni), cobalt (Co), copper (Cu) project in eastern Finland.
Drilling has confirmed significant resource expansion potential from 800m to 1,400m along strike to the northeast of the historical mineral resource as well as continuity of the westernmost mineralised horizon (Blue Sky 1) in a southwest direction towards the historic Hautalampi mineral resource.
Assay highlights include:
- 5.0m @ 0.19% Ni, 0.07% Co, 0.21% Cu (0.46% NiEq)[1] from 62.0m (HA20-022), and
  - 3.0m @ 0.37% Ni, 0.02% Co (0.41% NiEq) from 74.0m (HA20-022)
- 4.7m @ 0.26% Ni, 0.03% Co, 0.11% Cu (0.38% NiEq) from 110.3m (HA20-023)
  - incl. 1.4m @ 0.47% Ni, 0.06% Co, 0.23% Cu (0.72% NiEq) from 113.6m
  - 7.15m @ 0.46% Ni, 0.06% Co, 0.10% Cu (0.64% NiEq) from 104.5m (HA20-024)
  - incl. 0.5m @ 1.15% Ni, 0.18% Co, 0.32% Cu (1.72% NiEq) from 105.5m
  - and 2.7m @ 0.51% Ni, 0.05% Co, 0.06% Cu (0.65% NiEq) from 107.15m
  - 9.0m @ 0.23% Ni, 0.05% Co, 0.04% Cu (0.38% NiEq) from 39.0m (HA20-025)
  - 9.0m @ 0.24% Ni, 0.09% Co, 0.18% Cu (0.55% NiEq) from 66.1m (HA20-026)
  - incl. 0.5m @ 0.65% Ni, 0.29% Co, 0.15% Cu (1.40% NiEq) from 66.75m
  - and 0.75m @ 0.28% Ni, 0.14% Co, 0.32% Cu (0.77% NiEq) from 68.5m
  - 8.5m @ 0.24% Ni, 0.06% Co, 0.11% Cu (0.44% NiEq) from 82.6m (HA20-027)
  - incl. 0.7m @ 1.41% Ni, 0.33% Co, 0.19% Cu (2.28% NiEq) from 89.7m
Geological and mineralisation models are being updated following analysis of diamond core and assay data. Data will be used for prioritising Phase 2 drilling and fast-tracking a mineral resource.

“The final phase 1 drilling results from the nickel-copper-cobalt Hautalampi project further demonstrate the continuity of the mineralised horizon along strike from the historic resource. This is very promising and we are confident there is still significant upside to be realised with additional drilling both along strike and downdip. We look forward to seeing the final analysis from FinnCobalt soon which will then be used for drill planning and resource definition,” said Roberto García Martínez, CEO of Eurobattery Minerals.

The Hautalampi Project

FinnCobalt has informed the Company of the final assay results received from Phase 1 drilling at the project completed in September 2020. The Phase 1 drilling targeted resource extensions to the northeast of 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 with all drill holes completed within the valid Hautalampi mining concession (Fig. 1). More than 1,700 samples from the drilling have been submitted for geochemical assaying at ALS Geochemistry. All sample preparation and analysis were subject to industry standard QA/QC procedures.

Previous drilling results highlighted the potential for resource expansion with significant Ni-Co-Cu sulphide mineralisation being confirmed from 800m to 1,400m along strike [2],[3]. The latest results further confirm the continuity of the westernmost mineralised horizon (Blue Sky 1) in a southwest direction towards the historic Hautalampi mineral resource. Good thicknesses and grades of mineralisation were intersected in HA20-022, HA20-023, HA20-026 and HA20-027 (Fig. 1). The latest assay highlights are summarised in Table 1. Pyrrhotite, pyrite, pentlandite and chalcopyrite are the dominant sulphide minerals.

Hole ID	Target		From (m)	To (m)	Int (m)	Ni (%)	Co (%)	Cu (%)	NiEq (%)
HA20-022	Blue Sky 1		59.00	70.00	11.00	0.18	0.05	0.12	0.37
		incl.	62.00	67.00	5.00	0.19	0.07	0.21	0.46
			74.00	77.00	3.00	0.37	0.02	0.00	0.41
HA20-0231	Blue Sky 1		83.00	84.00	1.00	0.43	0.08	0.11	0.66
			110.30	115.00	4.70	0.26	0.03	0.11	0.38
		incl.	113.60	115.00	1.40	0.47	0.06	0.23	0.72
HA20-0242	Blue Sky 1		88.10	99.30	11.20	0.16	0.04	0.10	0.30
		incl.	88.10	92.00	3.90	0.19	0.06	0.20	0.42
			104.50	111.65	7.15	0.46	0.06	0.10	0.64
		incl.	104.50	106.80	2.30	0.69	0.10	0.22	1.04
		incl.	105.50	106.00	0.50	1.15	0.18	0.32	1.72
		and	107.15	109.85	2.70	0.51	0.05	0.06	0.65
		and	110.60	111.65	1.05	0.31	0.03	0.05	0.41
HA20-025	Blue Sky 1		39.00	48.00	9.00	0.23	0.05	0.04	0.38
			53.00	56.00	3.00	0.20	0.04	0.03	0.31
			59.00	62.00	3.00	0.20	0.05	0.09	0.36
			66.00	70.00	4.00	0.27	0.02	0.06	0.35
		incl.	66.00	67.00	1.00	0.43	0.03	0.10	0.55
HA20-026	Blue Sky 1		53.50	54.00	0.50	0.42	0.03	0.16	0.57
			57.50	61.00	3.50	0.22	0.05	0.05	0.36
			66.10	75.10	9.00	0.24	0.09	0.18	0.55
		incl.	66.75	67.25	0.50	0.65	0.29	0.15	1.40
		and	68.50	69.25	0.75	0.28	0.14	0.32	0.77
			102.40	103.00	0.60	0.37	0.03	0.02	0.46
HA20-0273	Blue Sky 1		82.60	91.10	8.50	0.23	0.06	0.10	0.42
		incl.	88.00	91.10	3.10	0.44	0.11	0.13	0.76
		incl.	89.70	90.40	0.70	1.41	0.33	0.19	2.28
HA20-0284	Blue Sky 1		35.36	49.00	13.64	0.21	0.05	0.05	0.33
			51.00	54.00	3.00	0.25	0.05	0.07	0.39
			57.00	59.00	2.00	0.30	0.02	0.10	0.40
		incl.	57.00	58.00	1.00	0.38	0.03	0.14	0.50

Table 1. Summary of latest assay highlights from the Hautalampi project. The true width of the intercepts is estimated to be mainly 90 – 99 percent and in minimum 75 percent of the intercept length. All core loss is assigned a 0 value.

1 Includes core loss 113.1m-113.6m (0.5m).

2 Includes core loss 90.8-91.0m (0.2m); 94.4-95.6m (1.2m); 97.7-98.6m (0.9m); 106.8-107.15m (0.35m); 109.85-110.6m (0.75m).

3 Includes core loss 89.3-89.7m (0.4m).

4 Includes core loss 42.6-42.7m (0.1m).

Further Steps: FinnCobalt is currently interpreting geological and structural data collected from the Hautalampi core and adapting the geological and ore deposit model previously developed for the Keretti copper mine. All the drilling and assay data will be used for assessment of mineral resources and planning of Phase 2 drilling in 2021. Future drilling will target down-dip extensions to the recent drilling and also infill drill the gap between the historic resource and the 2020 drilling. There is good potential to define an additional 775m of strike extension of the Blue Sky mineralised lodes in this area.

Figure 1. Drill hole collar plan for Hautalampi Project. Drill holes recently completed highlighted by red dots.

Figure 2. Drill core from HA20-027 between 80.8m and 87.6m.

For further information, please contact:

Roberto García Martínez, CEO

The technical information in this press release has been reviewed by Dr Hannu Makkonen from Suomen Malmitutkimus Oy. He has 40 years of experience in mineral exploration in Finland, he is a European Geologist (EurGeol) and a Competent/Qualified Person as defined by the JORC Code, 2012 Edition and by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr Makkonen owns no shares in FinnCobalt Oy or Eurobattery Minerals AB.

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] NiEq = nickel equivalent percentage. NiEq grade calculated using (USD prices of) nickel $14,264/t, copper $6,545/t and cobalt $34,200/t. No metallurgical or recovery factors have been assumed at this early stage of the Project. NiEq grade calculation = Ni% + (Co%*34200+Cu%*6545)/14264.

[2] Press release 13/10/20: “High grade cobalt and nickel at Hautalampi project in Finland”.

[3] Press release 30/11/20: “Assays confirm resource expansion at the Hautalampi project, Finland”.

Eurobattery Minerals AB (Nordic Growth Market: “BAT”; “the Company”), a growth company in the mining and exploration industry with the vision of helping Europe become self-sufficient in ethical battery minerals, today announces its expansion to the Börse Stuttgart, under the ticker EBM, via an extension of its listing on Nordic Growth Market (NGM) in Sweden. As of today, the Eurobattery Minerals stock can be traded in both Sweden and Germany. Furthermore, the Company will open an office in Berlin during the first quarter of 2021. Being presence in the most important automotive market in Europe, enabling easy access for the significant German investor community to invest in Eurobattery Minerals, is a key driver behind the expansion. The Company will remain a Swedish public limited company (AB) with head office in Stockholm.

Key points:

Eurobattery Minerals is available for trading on the Börse Stuttgart as of today, 15 January 2021, under the ticker EBM. The Company will retain its listing on the Swedish stock exchange.
The Company also announced the opening of an office in Berlin, Germany, during the first quarter 2021.
Being present in the most important automotive market in Europe – and the hub for the electric vehicle industry in the region – further enhances Eurobattery Minerals’ business strategy as the sustainable foundation of the electric vehicle revolution.
The Company has several exploration and mining projects at various stages of implementation across Europe, all focusing on mining ethical and fully traceable battery minerals, primarily Nickel (Ni), Copper (Cu), Cobalt (Co), Vanadium (V) and Rare Earth Elements (REE). Via its projects, the Company is helping Europe to increase its self-sufficiency in these critical raw materials.
Eurobattery Minerals is one of the first companies to participate in the NGM Reach program, which enables companies listed on NGM to also become available for trading on Börse Stuttgart in Germany, thereby gaining access to the most significant investor community in the EU.

“Our business strategy is clear: Eurobattery Minerals shall be the foundation of the battery value chain. Accordingly, the news today is significant for two reasons. Firstly, we will establish a presence in the very heart of the European and global centre for the automotive industry. Secondly, the dual listing grants the Company access to the largest investor community in the EU, a community where sustainable investments are top of the agenda,” comments Roberto García Martínez, CEO of Eurobattery Minerals.

The dual listing on Börse Stuttgart, where Eurobattery Minerals will be traded under the ticker EBM, will enable for investors across the EU and elsewhere to more easily trade in the stock. Private investors and large institutional investors will now have the opportunity to invest in a European and sustainable battery minerals company.

“Recently, the European Commission pointed to the fact that for the electric revolution to succeed, Europe and its large auto industry need to become self-sufficient in these critical raw materials, and they need to be mined sustainably. I am therefore optimistic that the news today will help the EU and the substantial German auto industry to move in this direction,” Roberto García Martínez comments.

Ongoing battery minerals projects

Eurobattery Minerals is focused on several battery minerals projects in the exploration and development phases in Europe to supply the raw materials critical to the expanding electric vehicle battery market. Projects include the Hautalampi project in Finland, the Corcel project in Spain and the Fetsjön project in Sweden, along with seven other exploration projects in northern Sweden.

Collaboration for sustainability

Eurobattery Minerals believes in joining forces with industry bodies to form partnerships that will promote a reinvigoration of the European mining industry, but also to support a responsible and sustainable mining industry across Europe. In 2020, the Company joined the Initiative for Responsible Mining Assurance (IRMA), the response to global demand for more socially and environmentally responsible mining. Furthermore, Eurobattery Minerals is one of the founding members of the European Raw Materials Alliance (ERMA). The organisation aims to make Europe economically more resilient by diversifying its supply chains, creating jobs, attracting investments to the raw materials value chain, fostering innovation and training young talents.

The launch of NGM Reach will be live streamed today at 8.40 CET via this link: https://www.ngm.se/en/ngm-reach

For further information, please contact:

Roberto García Martínez, CEO

https://eurobatteryminerals.com/en/

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 critical raw materials 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.

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 received a decision of 630,000€ (6.4 MSEK) development grant for its Finnish Hautalampi mine and processing plant project from the South Savolax Centre for Economic Development, Transport and the Environment (“ELY-centre”). The European Regional Development Fund (ERDF) program granted the funds. Eurobattery Minerals has the option to acquire 100% of FinnCobalt Oy in a staged acquisition.

“I am very pleased with the positive grant decision. It’s a clear sign that the governmental bodies in the EU are supporting the transition to sustainable mined battery minerals as the foundation of the electrification of the transport industry. For the Hautalampi project, the grant will be an important injection for our aim to transform it from development to a fully-fledged battery mineral mine”, comments Roberto García Martínez, CEO of Eurobattery Minerals.The 630,000€ development funds have been granted for diamond core drilling and related chemical assaying, consultancy work and personnel costs directly related to the development project of Hautalampi mine and battery minerals processing plant. About 300,000€ of the grant will be invested in diamond core drilling and assaying as well as the balance for consultant and personnel salary costs. The project period for granted funds run from the 2nd of June 2020 to the 30th of June 2022. This means that already accrued project costs since the project start-up are eligible for the grant.

For further information, please contact:

Roberto García Martínez, CEO

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.

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