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Today the independent securities broker Mangold Fondkommission announced that they will start monitoring Eurobattery Minerals (NGM; “BAT”). The company issued an analysis on Eurobattery Minerals that sets a target stock price at 106 SEK in a 12 month period.
In the analysis Mangold writes:
“Eurobattery Minerals is something as unusual as a green-tech mining company that focuses on producing the necessary metals for the European battery and electric car market, in an environmentally friendly way. Mangold believes that due to the extreme growth of electric cars, tough consumer demands and little competition, Eurobattery Minerals has great potential to become a successful supplier of metals to the battery industry.”
To read the full analysis, please go to https://insight.mangold.se/
About Eurobattery Minerals
Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The company has one mining license and eight exploration licenses. The headquarters is located in Stockholm.
Augment Partners AB, e-mail: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor
For further information, please contact:
Roberto García Martínez, CEO
roberto@eurobatteryminerals.comhttps://eurobatteryminerals.com//en/
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 announced that Monia Benbouzid has been elected new board member and chairman of the board to the company at an extra ordinary board meeting that has taken place on the 17th of December 2019.
As chairman of the board she replaces acting chairman of the board Martin Boldt Christmas who will assume a position as member of the board.
– I welcome Monia to our team. She brings valuable experiences to us and as the chairman of the board she will play an important role when we now increase the pace in providing European battery minerals for the booming EV-market, said Roberto García Martínez, CEO at Eurobattery Minerals.
As a market and Green Tech expert, Monia has led many organizations expansion through sustainable partnership and exchange of knowledge and she has a vast experience from both public and private sectors. Monia has served in senior positions in the UN, the Green Party, African Union, Clavister, Sensys among others. She currently has a role as VP Marketing and Sales in EMEA at the green tech company Nanol.
– As the foundation of the battery value chain we play a crucial role in transforming to a sustainable automotive industry, said Monia Benbouzid, new elected chairman of the board at Eurobattery Minerals. In my role I will work closely with policy makers for standardizations, the EV industry and with the investor community that are increasingly looking for sustainable investments.
For further information, please contact:
Roberto García Martínez, CEO
E-mail: roberto@eurobatteryminerals.com
Website: https://eurobatteryminerals.com//en/
Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The company has one mining license and eight exploration licenses. The headquarters is located in Stockholm.
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 announced the first results from the drilling campaign for nickel, cobalt and copper at its Corcel project in Galicia in northern Spain. In the larger Corcel project, Castriz is one of three primary prospect areas together with Monte Mayor and Monte Castello.
Key points:
- Initial assay results received from recent drilling at Castriz prospect. Results received from the first two holes of the recent four hole, 998m drilling program.
- Previously identified coincident geochemical and geophysical anomalies now tested by drilling.
- Elevated levels of nickel (Ni), copper (Cu) and cobalt (Co) intersected in underlying bedrock. Assay highlights from the first two drill holes include:
- 69m @ 0.30% Ni, 0.04% Cu & 0.01% Co from 78m (19DD0001)
- 24.5m @ 0.30% Ni, 0.12% Cu & 0.01% Co from 14.5m (19DD0002)
- Extensive zone of Ni-Cu-Co anomalous rocks interpreted to exist at Castriz, with aforementioned drill holes separated by over 500m of strike length.
- Assay results pending from two additional drill holes. Results anticipated to be received in early 2020.
A total of four diamond drill holes were completed for a total of 998m with the Company receiving assay results for two of the drill holes and the results confirms high level of nickel.
– With the first drilling results in hand we can now confirm the high level of battery minerals in the ground that the previous analyses from field work this year have indicated. We are following our time plan and, in the beginning of 2020, we will receive the additional results from the remaining drill holes. However, already now we can conclude that there is a high level of nickel in the area and this is very encouraging, said Roberto García Martínez, CEO of Eurobattery Minerals.
Earlier field activities that BAT completed in the Castriz prospect identified four large zones, up to 1km in strike, with anomalous nickel (Ni), copper (Cu) and cobalt (Co) geochemistry and coincident increased magnetic responses in the underlying bedrock.
Three of the zones were drill tested to assess the potential for mafic-ultramafic hosted Ni-Cu-Co sulphide deposits. The drilling intersected a sequence of variably mineralised serpentinised ultramafic units, banded amphibolite and massive amphibolite units at the northern and western anomalies. Assay highlights from the first two holes includes:
- 69m @ 0.30% Ni, 0.04% Cu & 0.01% Co from 78m (19DD0001)
- 24.5m @ 0.30% Ni, 0.12% Cu & 0.01% Co from 14.5m (19DD0002)
The first two drill holes are separated by over 500m in strike indicating the potential for an extensive zone of near-surface metal-rich rock may occur in the area.
After receiving the final results in the beginning of 2020, BAT will assess the broader potential of the Castriz prospect for containing Ni-Cu-Co sulphide resources in near-surface ultramafic units and at depth, and Cu-sulphide resources in the amphibolite units similar to the Touro Copper Project (46.5Mt @ 0.37% Cu) located ~60km southeast of the Castriz prospect, owned by Atalaya Mining PLC.
The attached report contains detailed analysis about the drilling results received to date.
For further information, please contact:
Roberto García Martínez, CEO
E-mail: roberto@eurobatteryminerals.com
Website: https://eurobatteryminerals.com//en/
This information is the sort of information that the company is obliged to disclose under the EU market abuse regulation. The information was submitted by the above contact person for publication on 10th of December at 08:00 CEST
Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The company has one mining license and eight exploration licenses. The headquarters is located in Stockholm.
Augment Partners AB, e-mail: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor.
Eurobattery Minerals AB (NGM; “BAT”), a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, today announced a collaboration with two leading universities in efforts to find new ways to recover rare earth elements (REE) from apatite without the risk of getting unwanted residuals.
– Rare earth elements are key raw material to source in order to make the electric revolution real, and we have to source it in a controlled and sustainable way. In this development, science and new innovations plays an important role. Therefore, I am very pleased that we have entered in to this collaboration with these prominent researchers and we are looking forward to new results that hopefully will lead to full scale tests, said Roberto García Martínez, CEO.
In the project, professor Jaroslaw Majka at the Department of Earth Sciences at the Uppsala University and professor Maciej Manecki at the AGH University of Science & Technology in Krakow are studying ways which may potentially open new more efficient and cost effective methods to obtain battery minerals as complements to current used technologies in the industry.
– As researchers we have an important role to play in collaborating with the mining industry to find new, sustainable and more efficient ways to obtain critical raw material and I am looking forward to our continuous collaboration with the Uppsala University and mining companies like Eurobattery Minerals, said Dr. Maciej Manecki at the AGH University of Science & Technology in Krakow.
Several REE occurrences in Sweden are included in the study and among them is Eurobattery Minerals deposit in Fetsjön in Västerbotten in northern Sweden. In this occurrence the researchers will conduct field studies that will lead to laboratory tests of the material.
– Apatites in the shales at Fetsjön are very promising for recovering REE and we are looking forward to conduct further tests and analysis, said Dr. Jaroslaw Majka at the Uppsala University.
More information about the research project can be found here (in Swedish) – https://www.geo.uu.se/nyheter/?tarContentId=821318.
About Eurobattery Minerals
Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The company has one mining license and eight exploration licenses. The headquarters is located in Stockholm.
Augment Partners AB, e-mail: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor
For further information, please contact:
Roberto García Martínez, CEO
roberto@eurobatteryminerals.com
https://eurobatteryminerals.com//en/
Dr. Jaroslaw Majka,
Department of Earth Sciences,
Uppsala University, Sweden
Dr. Maciej Manecki,
Department of Mineralogy, Petrography and Geochemistry,
AGH University of Science & Technology, Krakow, Poland
gpmmanec@cyfronet.krakow.pl
Third quarter 2019 (same period previous year)
- Net sales amounted to SEK 0 thousand (SEK 0 thousand).
- Operating income after depreciation/amortisation and financial items totalled SEK –2,421 thousand (SEK –1,467 thousand).
- Earnings per share after depreciation/amortisation and financial items amounted to SEK –0.24 (SEK –0.58).
- Cash flow from operating activities was SEK –3,620 thousand (SEK –1,305 thousand).
First nine months of 2019 (same period previous year)
- Net sales amounted to SEK 0 thousand (SEK 0 thousand).
- Operating income after depreciation/amortisation and financial items totalled SEK –9,261 thousand (SEK –2,138 thousand).
- Earnings per share after depreciation/amortisation and financial items amounted to SEK –0.96 (SEK –0.8).
- Cash flow from operating activities was SEK –9,284 thousand (SEK –3,488 thousand).
Significant events during the period
- The Company completed an extensive geochemical and geophysical programme at the Castriz prospect, part of its flagship Corcel nickel-cobalt-copper (Ni-Co-Cu) project in northwest Spain.
- Several zones with coincident magnetic and Ni-Cu geochemical anomalies delineated. The Company was highly encouraged about the prospectivity at Castriz and decided the prospect warranted drill testing.
- Diamond drilling commenced at Castriz on 17 September. Up to four diamond drill holes have been planned for approximately 1,000 metres of drilling. Geological logging and sampling of the drill holes has commenced.
Significant events after the period
In total, Eurobattery Minerals have 7 explorations permits in the northern parts of Sweden and all have recently been further investigated by geologists. In the field work, new samples have been taken for petrographic and chemical analysis and previously found and analyzed bouldes and outcrops have been investigated further.
Summary of CEO comments:
- During the quarter, the Company completed preliminary ground-based exploration activities at the Castriz (“Castriz”) prospect.
- The Company’s own exploration activities not only confirmed the historical work but defined additional high-quality prospects. This encouraged BAT to move straight into drill testing the highest-ranking targets.
- Drilling has intersected the targeted rock sequences and the Company is encouraged by initial observations, which includes the presence of sulphide minerals.
- The Company is well-funded to complete its maiden exploration programme at Castriz. BAT also plans to determine what preliminary metallurgical tests are required to assess potential development scenarios at Castriz.
Eurobattery Minerals AB Interim Report January – September 2019 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
Email: roberto@eurobatteryminerals.com
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 21 November 2019 at 08:00 CEST.
Eurobattery Minerals in brief
Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The company has one mining license and eight exploration licenses. The headquarters is located in Stockholm.
Augment Partners AB, tel. +46 8 505 651 72, email: info@augment.se is Eurobattery Minerals’ Mentor
Eurobattery Minerals AB (NGM; “BAT”), a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, today announced an update on its explorations projects in Sweden. Similar to the project the company runs in Castriz in northern Spain where the results from the drilling campaign will be announced later in Q4, the focus for the Swedish projects is nickel, cobalt and copper, including also rare earth elements (REE), minerals that are all critical raw materials for the electric vehicle market in Europe.
– I am happy to announce the outcome of this year’s field work in our projects across the northern parts of Sweden, said Roberto García Martínez, CEO of Eurobattery Minerals. Even if it is clear that we need to conduct further analysis and more field work in 2020, the results are encouraging.
In total, Eurobattery Minerals have 7 explorations permits in the northern parts of Sweden and all have recently been further investigated by geologists. In the field work, new samples have been taken for petrographic and chemical analysis and previously found and analyzed bouldes and outcrops have been investigated further.
Following this update, the material will be further evaluated in the coming months and form the basis for next year’s exploration work.
Below is an update project by project.
SÖRTJÄRN and BRÄNNKAMMEN
In the company’s permit areas Sörtjärn and Brännkammen in Västerbotten, a total of about 30 new rock samples have been collected for chemical analysis.
In addition to high gold levels (6-15 ppm Au in some boulders), new analyses at Brännkammen also shown elevated levels of nickel and cobalt.
Brännkammen is located in an area where previously conducted studies show elevated nickel and copper levels according ore maps from the Geological Survey of Sweden. In the coming field season in 2020, further investigations and samplings are planned to determine the area’s ore potential, especially regarding nickel and cobalt.
FETSJÖN and RÖNNBERGET
The bedrock within the exploration permits Fetsjön and Rönnberget both consist of shales rich in many metals, e.g. rare earth elements (REE), molybdenum and vanadium.
Compilations and evaluations of 52 boreholes in Fetsjön and 4 boreholes in Rönnberger have been carried out and a detailed analysis and description of the geological and metallogenic conditions can be found on the Eurobattery Minerals website. The mineralogical composition of the deposits and determinations of the graphite content of the shales have recently been investigated with electron microscope.
PAHTAVAARA and PIETARASJÄRVI
In Norrbotten, the two exploration permits Pahtavaara and Pietarasjärvi east of Kiruna have been surveyed to assess previously performed analyses, collecting new samples and planning upcoming exploration efforts.
At Pahtavaara no further mineralized boulders or rock outcrops could be found and the area needs to be investigated more carefully with excavations and geophysical measurements.
At Pietarasjärvi, several boulders were examined and some additional, slightly mineralized boulders were found. An outcrop with copper mineralization, just outside the permit area was investigated. Information from the outcrop, from boulders, maps and previous investigations in the area indicate that the exploration permit should be extended to the north and northeast.
BRUKSBERGET
In the survey area Bruksberget in Västernorrland, detailed magnetic measurements have been carried out. The results from the measurements will be carefully evaluated in a near future.
About Eurobattery Minerals
Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The company has one mining license and eight exploration licenses. The headquarters is located in Stockholm.
Augment Partners AB, e-post: info@augment.se, telefon: +46 8 505 651 72, is the company’s Mentor
For further information, please contact:
Roberto García Martínez, CEO
roberto@eurobatteryminerals.com
https://eurobatteryminerals.com//en/
Eurobattery Minerals AB (NGM; “BAT”) will participate in the Mangold Insight investor day held at hotel Scandic Anglais in Stockholm on the 15th of November 2019.
At the event, where eight companies participate, the CEO of Eurobattery Minerals Roberto García Martínez, will present the company at 14.00.
The day starts with lunch at 11.30 followed by company presentations until 17.15.
RSVP through the link (limited number of seats) – https://www.mangold.se/investerardag/
For further information, please contact
Roberto García Martínez, CEO
roberto@eurobatteryminerals.com
https://www.eurobatteryminerals.com/en/
Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The company has one mining license and eight exploration licenses. The headquarters is located in Stockholm.
Augment Partners AB, e-mail: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor
Eurobattery Minerals AB (NGM; “BAT”), a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, have joined the European Battery Alliance.
The alliance was formed in October 2017 by the European Commission with the purpose to ensure that all Europeans benefit from safer traffic, cleaner vehicles and more sustainable technological solutions. This will be achieved by creating a competitive and sustainable battery cell manufacturing value chain in Europe. Today the alliance consists of more than 250 stakeholders actively collaborating to build a strong and competitive European battery industry.
– I am pleased to announce that we have joined the European Battery Alliance. We are determined to be an important foundation of the European battery value chain and joining this alliance is one important step on the way, says Roberto García Martínez, CEO of Eurobattery Minerals
Eurobattery Minerals are focusing on exploration and development of several nickel-cobalt-copper projects and to supply raw material critical for the electric vehicle market in Europe. The company has one project in Galicia in northern Spain where the results from the current drilling campaign is expected later in Q4 2019. Further to this the company has several projects in the Northern parts of Sweden.
For more information about the European Battery Alliance, please visit https://www.eba250.com
About Eurobattery Minerals
Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The company has one mining license and eight exploration licenses. The headquarters is located in Stockholm.
Augment Partners AB, e-post: info@augment.se, telefon: +46 8 505 651 72, is the company’s Mentor
For further information, please contact:
Roberto García Martínez, CEO
roberto@eurobatteryminerals.comhttps://eurobatteryminerals.com//en/
Eurobattery Minerals AB (”BAT” or ”the Company”) will participate in Augment Mining Forum 2019 held at Downtown Camper by Scandic in Stockholm on October 17th, 2019. At the event, four companies will present. In addition, Kerstin Brinnen from Svemin, will talk about the industry’s challenges and opportunities. The company’s CEO Roberto García Martinez will present the company at 11:15 am.
The four companies will present in 20 minutes each, followed by a question session led by moderator Gabriel Mellqvist.
RSVP through the link below (limited number of seats).
https://invajo.com/l/S2QL7OJqny
Agenda
09:00 Augment Mining Forum 2019 starts
09:05 Kerstin Brinnen from Svemin about the industry’s challenges and opportunities
09:30 Copperstone Resources presented by Michael Mattsson
10:00 Nordic Iron Ore presented by Lennart Eliasson
10:30 Break
10:45 Leading Edge Materials presented by Filip Kozlowski
11:15 Eurobattery Minerals presented by Roberto García Martinez
11:45 Augment Mining Forum 2019 ends
Augment Partners AB organizes the capital market day and offers investors, analysts and the media to meet companies in the mining industry.
For further information, please contact
Augment Partners
Tel: +46 8-505 65 172
Roberto García Martinez, CEO
E-mail: roberto@eurobatteryminerals.com
Website: https://eurobatteryminerals.com//en/
Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The company has one mining license and eight exploration licenses. The headquarters is located in Stockholm.
Augment Partners AB, e-mail: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor
Eurobattery Minerals AB (NGM; “BAT”); a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, today announced the start of the drilling campaign in its Spanish ‘Corcel project’ in northwest Spain. ‘Corcel’ is located at Castriz, approximately 50 km southwest of the regional centre of La Coruña, Galicia. Leading Spanish drilling contractor Geonor Sondeos y Perforaciones S.L “Geonor” has been awarded the contract and drilling starts today. The company has recently finalized a comprehensive analysis of the deposit in the Corcel finding and concluded that there are large deposits of nickel in the ground as well as cobalt and copper. Eurobattery Minerals are now launching the next step when drilling commence today.
– Europe’s big automotive industry has a great need for sustainably produced batteries. Something that the EU Commission has also identified as an important strategic goal for the region in order to be climate neutral. Achieving this requires sustainable and ethical mined battery minerals. Through the drilling we are now launching and we are taking an important step in providing Europe with ethical battery minerals,” says Roberto García Martínez, CEO of Eurobattery Minerals.
Drilling at Corcel will be an important milestone for Eurobattery Minerals, no modern exploration method have been applied there since the 1980’s. The company is expecting to complete the drilling campaign during Q4 2019 and after this announce the final results of the campaign.
Following an analysis of the historical data, Eurobattery Minerals defined a near-surface exploration target in the range of 75Mt to 100Mt @ 0.4% Nickel (Ni), 0.02% Cobalt (Co) and 0.2% Copper (Cu). After its own exploration activities, (with up to 0.66% Ni was recorded), which defined a number of anomalies of larger scale than the historical exploration recognised, Eurobattery Minerals is reassessing this exploration target with the view of significantly increasing it.
– The mineralisation already identified at Corcel is shallow, and would therefore be amenable to low cost with open cut mining methods which would make the economics strong for any potential mine developments, in which >0.15% Ni is a typical economic cut-off for open cut nickel deposits, said Roberto García Martínez.
Spanish drilling contractor Geonor will conduct the drilling. The company, founded in 2001, is dedicated to provide services in the fields of civil engineering, construction and mining. They are specialists in conducting mineral and geotechnical drilling, as well as in technical assistance in these fields, having worked for a number of international exploration and mining companies and is one of the leading drilling contractors in Spain.
– I am looking forward to work in close collaboration with Geonor in the drilling campaign and ultimately to get the final results later in Q4, Roberto García Martínez concludes.
For further information, please contact:
Roberto García Martínez, CEO
E-mail: roberto@eurobatteryminerals.com
Website: https://eurobatteryminerals.com//en/
Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The company has one mining license and eight exploration licenses. The headquarters is located in Stockholm.
Augment Partners AB, e-mail: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor