During the presentation, Roberto García Martínez, CEO of Eurobattery Minerals, provided an introduction to the Company and a project update, described the market dynamics for strategic raw materials, and answered questions from the public.

The ongoing Rights Issue in brief

• Anyone who was registered as a shareholder in Eurobattery Minerals on the record date August 21, 2025, received one (1) unit right for each share in the Company. One (1) unit right entitles subscription of one (1) unit in the Rights Issue. One (1) unit contains three (3) new shares in the Company.
• The subscription price in the Rights Issue amounts to SEK 0.18 per unit, corresponding to a subscription price of SEK 0.06 per share.
• The Rights Issue can, if fully subscribed, provide Eurobattery Minerals with approximately SEK 78.5 million before transaction costs, which Eurobattery Minerals estimates to a maximum of approximately SEK 5.0 million, before set-off of outstanding claims amounting to approximately SEK 3.7 million and, if deemed appropriate, before early repayment of the outstanding convertible loan to Fenja Capital II A/S amounting to approximately SEK 4.0 million.
• The subscription period in the Rights Issue runs from and including August 25, 2025, up to and including September 8, 2025. Please note that certain nominees, banks and custodians may have an earlier response deadline for subscription of units in the Rights Issue. Shareholders with nominee-registered holdings are therefore advised to check with their nominee, bank or custodian if they have an earlier response deadline.
• The Rights Issue is covered by subscription undertakings of approximately SEK 3.7 million, corresponding to approximately 4.7 per cent of the Rights Issue, with way of payment through set-off of outstanding claims against the Company.

Preliminary timetable for the Rights Issue

Advisors
Mangold Fondkommission AB is financial advisor and Foyen Advokatfirma i Sverige KB is legal advisor to the Company in connection with the Rights Issue.

Important information
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and people in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Eurobattery Minerals in any jurisdiction, either from Eurobattery Minerals or from anyone else.

This press release is not a prospectus according to the definition in the Prospectus Regulation and has not been approved by any regulatory authority in any jurisdiction. No prospectus will be prepared in connection with the Rights Issue. The Company has instead prepared and published an information document in accordance with what is prescribed in Annex IX of the Prospectus Regulation.

This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.

Forward-looking statements
This press release contains forward-looking statements related to the Company’s intentions, estimates or expectations with regard to the Company’s future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Nordic Growth Markets' and Börse Stuttgart’s rules.

The material with the wolfram ore will be shipped to a test facility in Madrid and will now undergo a series of testwork including classification, crushing, and grinding, followed by a battery of further metallurgical tests, among them shaking table tests, over a four-week period.

”Things are advancing fast at our wolfram project in Galicia,” said Roberto García Martínez, CEO of Eurobattery Minerals. He continued: “The collaboration with AMP ensures that we will have access to state-of-the-art processing solutions tailored to our specific ore and operational conditions.”

The test results will form the basis for AMP’s design of a customised, turnkey pilot processing plant for the San Juan project. AMP is expected to deliver its pilot plant proposal in Q4-2025, with a final investment decision anticipated in before the end of the year. The turnkey delivery of the pilot plant is scheduled for Q3-2026.

“Sending this material for final testing is not just a technical step — it is part of our broader commitment to responsible project development. Working with AMP allows us to design a pilot plant that is not only efficient but also tailored to minimise environmental impact, in line with our vision for a modern, responsible mining operation in Galicia,” said Agne Ahlenius, Managing Director of Tungsten San Juan.

About Advanced Mineral Processing (AMP)
Advanced Mineral Processing S.L. (AMP) is a Spanish engineering company specialising in process engineering, plant design, and system development for the treatment of mineral ores, industrial minerals, aggregates, and raw materials for various sectors, including metallic mining and recycling. AMP is internationally recognised for its efficient and innovative engineering solutions, with decades of experience in projects across the globe.

During the presentation, Roberto García Martínez, CEO of Eurobattery Minerals will give an introduction to the Company, briefly outline the market dynamics underpinning strategic raw materials and provide a project update.

The livestreamed presentation, including the moderated Q&A session will be in English and no pre-registration is required. Existing shareholders and other investors are invited to listen in while Roberto García Martínez is holding the presentation. The livestreamed presentation can be followed via the following link: https://www.finwire.tv/webcast/eurobattery-minerals/company-presentation/.

The presentation will be recorded and will afterwards be available on Eurobattery Minerals website: https://investors.eurobatteryminerals.com/en/rights-issue-2025/.

Existing shareholders in the Company and other external investors are welcome to, prior to the start of the presentation, to submit questions for Roberto García Martínez, which will be selected and moderated by Finwire Media. To submit a question beforehand, visit the following page: https://www.finwire.tv/webcast/eurobattery-minerals/company-presentation/.

The ongoing Rights Issue in brief

• Anyone who was registered as a shareholder in Eurobattery Minerals on the record date August 21, 2025, received one (1) unit right for each share in the Company. One (1) unit right entitles subscription of one (1) unit in the Rights Issue. One (1) unit contains three (3) new shares in the Company.
• The subscription price in the Rights Issue amounts to SEK 0.18 per unit, corresponding to a subscription price of SEK 0.06 per share.
• The Rights Issue can, if fully subscribed, provide Eurobattery Minerals with approximately SEK 78.5 million before transaction costs, which Eurobattery Minerals estimates to a maximum of approximately SEK 5.0 million, before set-off of outstanding claims amounting to approximately SEK 3.7 million and, if deemed appropriate, before early repayment of the outstanding convertible loan to Fenja Capital II A/S amounting to approximately SEK 4.0 million.
• The subscription period in the Rights Issue runs from and including August 25, 2025, up to and including September 8, 2025. Please note that certain nominees, banks and custodians may have an earlier response deadline for subscription of units in the Rights Issue. Shareholders with nominee-registered holdings are therefore advised to check with their nominee, bank or custodian if they have an earlier response deadline.
• The Rights Issue is covered by subscription undertakings of approximately SEK 3.7 million, corresponding to approximately 4.7 per cent of the Rights Issue, with way of payment through set-off of outstanding claims against the Company.

Preliminary timetable for the Rights Issue

Advisors
Mangold Fondkommission AB is financial advisor and Foyen Advokatfirma i Sverige KB is legal advisor to the Company in connection with the Rights Issue.

Important information
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and people in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Eurobattery Minerals in any jurisdiction, either from Eurobattery Minerals or from anyone else.

This press release is not a prospectus according to the definition in the Prospectus Regulation and has not been approved by any regulatory authority in any jurisdiction. No prospectus will be prepared in connection with the Rights Issue. The Company has instead prepared and published an information document in accordance with what is prescribed in Annex IX of the Prospectus Regulation.

This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.

Forward-looking statements
This press release contains forward-looking statements related to the Company’s intentions, estimates or expectations with regard to the Company’s future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Nordic Growth Markets' and Börse Stuttgart’s rules.

Archaeological control and monitoring are being conducted by an accredited Galician firm specializing in scientific archaeological projects in both rural and urban settings.

Upfront the firm has conducted a study based on historical archives and visits to the concession areas, with the aim of evaluating the possible existence of archaeological remains in the vicinity of the project area.

“At Eurobattery Minerals, we work to the highest European standards, ensuring that every step of our projects complies with mining, environmental, and cultural heritage legislation. Our goal is to develop crucial resources for Europe in the most responsible way, protecting both the natural environment and the historical heritage of the communities where we operate,” says Roberto García Martínez, CEO of Eurobattery Minerals.

Although no areas of archaeological interest have been identified within the current mining concession, Eurobattery Minerals and Tungsten San Juan value the importance of identifying, protecting, and documenting archaeological heritage as part of their commitment to responsible and sustainable development.

“Collaborating with local experts demonstrates our proactive approach to respecting Galicia's cultural and historical environment. We want to make a positive contribution to the local community, beyond the strictly legal and technical requirements," says Agne Ahlenius, Managing Director of Tungsten San Juan, a subsidiary of Eurobattery Minerals.

Archaeologists from the local firm in Ourense are also expected to be present during the initial clearing work and the initial removal of the topsoil. This approach will allow careful observation of the terrain to identify possible findings without compromising its integrity.

The accredited archaeological firm has submitted the first technical project with a recommendation program for control and monitoring during the upcoming months, in compliance with regional and national regulations for heritage protection.

This first technical program has already been submitted to the local government, Xunta de Galicia. Eurobattery Minerals continues to progress as planned toward the start of tungsten production in the fourth quarter of 2026, integrating sustainability, safety, and social responsibility criteria into all phases of the San Juan tungsten project.

In the interview, the CEO emphasized that the Rights Issue is a decisive step toward transforming Eurobattery Minerals into a revenue-generating company. He outlined how the proceeds will accelerate the San Juan wolfram project in Spain, including drilling campaigns, plant capacity expansion, and hopefully increasing ore reserves, as well as completing the bankable feasibility study for the Hautalampi project in Finland. The discussion also highlighted the Company’s commitment to securing a European supply of critical raw materials – from Europe, for Europe – while adhering to the highest environmental and social standards. With a clear roadmap and strong market fundamentals driven by the green energy transition, the CEO expressed confidence that Eurobattery Minerals is well-positioned for growth and long-term value creation for its shareholders.

You can find the interview HERE, or by copying this link: https://youtu.be/RPFifXDXF4Q

Summary of the Rights Issue

• Anyone who was registered as a shareholder in Eurobattery Minerals on the record date August 21, 2025, received one (1) unit right for each share in the Company. One (1) unit right entitles subscription of one (1) unit in the Rights Issue. One (1) unit contains three (3) new shares in the Company.
• The subscription price in the Rights Issue amounts to SEK 0.18 per unit, corresponding to a subscription price of SEK 0.06 per share.
• The Rights Issue can, if fully subscribed, provide Eurobattery Minerals with approximately SEK 78.5 million before transaction costs, which Eurobattery Minerals estimates to a maximum of approximately SEK 5.0 million, before set-off of outstanding claims amounting to approximately SEK 3.7 million and, if deemed appropriate, before early repayment of the outstanding convertible loan to Fenja Capital II A/S amounting to approximately SEK 4.0 million.
• The subscription period in the Rights Issue runs from and including August 25, 2025, up to and including September 8, 2025. Please note that certain nominees, banks and custodians may have an earlier response deadline for subscription of units in the Rights Issue. Shareholders with nominee-registered holdings are therefore advised to check with their nominee, bank or custodian if they have an earlier response deadline.
• The Rights Issue is covered by subscription undertakings of approximately SEK 3.7 million, corresponding to approximately 4.7 per cent of the Rights Issue, with way of payment through set-off of outstanding claims against the Company.

Preliminary timetable for the Rights Issue

Subscription with preferential rights
The shareholders who, on the record date of August 21, 2025, were registered in the share register maintained by Euroclear Sweden AB ("Euroclear") on behalf of the Company, directly registered shareholders, have received a pre-printed issue report with attached payment advice from Euroclear. In the event that a different number of unit rights than those stated in the preprinted issue report are used for subscription, the special application form, which is available on the Company's website www.eurobatteryminerals.com, shall be used as a basis for subscription through cash payment.

Shareholders whose holdings of shares in the Company were nominee-registered with a bank or other nominee on the record date do not receive an issue report or a special application form from Euroclear. Subscription and payment must then instead take place in accordance with instructions from the respective trustee.

Subscription without preferential rights
Notification of subscription without preferential rights by a nominee is made in accordance with instructions from the respective nominee. For subscription through an endowment insurance or an investment savings account, please contact your nominee. Application for subscription without preferential rights in other respects is done by electronic subscription with Bank-ID on Mangold's website, emission.mangold.se.

Advisors
Mangold Fondkommission AB is financial advisor and Foyen Advokatfirma i Sverige KB is legal advisor to the Company in connection with the Rights Issue.

Important information
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and people in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Eurobattery Minerals in any jurisdiction, either from Eurobattery Minerals or from anyone else.

This press release is not a prospectus according to the definition in the Prospectus Regulation and has not been approved by any regulatory authority in any jurisdiction. No prospectus will be prepared in connection with the Rights Issue. The Company has instead prepared and published an information document in accordance with what is prescribed in Annex IX of the Prospectus Regulation.

This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.

Forward-looking statements
This press release contains forward-looking statements related to the Company’s intentions, estimates or expectations with regard to the Company’s future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Nordic Growth Markets' and Börse Stuttgart’s rules.

Information document
In connection with the Rights Issue, the Company has prepared an information document in accordance with Article 1.4 (db) and Annex IX of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC.

Eurobattery Minerals announces today that the information document has been registered with the Swedish Financial Supervisory Authority (Finansinspektionen) and is available on the Company's website eurobatteryminerals.com.

Direct link to document: https://investors.eurobatteryminerals.com/en/rights-issue-2025/

Summary of the Rights Issue

• Anyone who is registered as a shareholder in Eurobattery Minerals on the record date August 21, 2025, receives one (1) unit right for each share in the Company. One (1) unit right entitles subscription of one (1) unit in the Rights Issue. One (1) unit contains three (3) new shares in the Company.
• The subscription price in the Rights Issue amounts to SEK 0.18 per unit, corresponding to a subscription price of SEK 0.06 per share.
• The Rights Issue can, if fully subscribed, provide Eurobattery Minerals with approximately SEK 78.5 million before transaction costs, which Eurobattery Minerals estimates to a maximum of approximately SEK 5.0 million, before set-off of outstanding claims amounting to approximately SEK 3.7 million and, if deemed appropriate, before early repayment of the outstanding convertible loan to Fenja Capital II A/S amounting to approximately SEK 4.0 million.
• The subscription period in the Rights Issue runs from and including August 25, 2025, up to and including September 8, 2025.
• The Rights Issue is covered by subscription undertakings of approximately SEK 3.7 million, corresponding to approximately 4.7 per cent of the Rights Issue, with way of payment through set-off of outstanding claims against the Company.

Preliminary timetable for the Rights Issue

Advisors
Mangold Fondkommission AB is financial advisor and Foyen Advokatfirma i Sverige KB is legal advisor to the Company in connection with the Rights Issue.

Important information
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and people in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Eurobattery Minerals in any jurisdiction, either from Eurobattery Minerals or from anyone else.

This press release is not a prospectus according to the definition in the Prospectus Regulation and has not been approved by any regulatory authority in any jurisdiction. No prospectus will be prepared in connection with the Rights Issue. The Company has instead prepared and published an information document in accordance with what is prescribed in Annex IX of the Prospectus Regulation.

This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.

Forward-looking statements
This press release contains forward-looking statements related to the Company’s intentions, estimates or expectations with regard to the Company’s future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Nordic Growth Markets' and Börse Stuttgart’s rules.

"In a time of geopolitical uncertainty, securing Europe’s independence in the supply of critical raw materials is more important than ever. The San Juan tungsten project in Galicia represents a strategic step towards this goal: a European mine to supply the European market.
We are proud to be developing this project in a region with a strong mining heritage, with the support of local and regional stakeholders, and a team of outstanding mining experts. With the San Juan and Hautalampi projects, we are laying the foundations for a responsible and sustainable mineral supply for the European industry and for security in Europe,” comments Roberto García Martínez, CEO of Eurobattery Minerals.

Strategic and operational highlights Q2 2025

• New Exploration Permits: In May, Eurobattery Minerals’ Finnish subsidiary secured exploration permits for Hietajärvi and Saramäki in Eastern Finland. The permits cover copper, cobalt, nickel, and gold-rich areas, reinforcing the Company’s project pipeline and supporting Europe’s strategic autonomy in responsibly sourced critical raw materials.

• Terrafame Collaboration: Also in May, FinnCobalt Oy and Terrafame Ltd signed a non-binding MoU to evaluate refining nickel-cobalt concentrate from the Hautalampi project at Terrafame’s facilities. This potential collaboration strengthens the downstream value chain and supports low-carbon battery material production for Europe’s electric vehicle industry.

• Zoning Plan Approved & Ratified: On 26 May, the zoning plan for the Hautalampi project received final approval from the Outokumpu City Council. With no appeals, the plan gained legal force in July—marking a major milestone that de-risks the project and demonstrates strong community support for sustainable mining development.

Key financial figures for Q2 2025

• Net sales amounted to SEK 0 thousand (Q2 2024: SEK 0 thousand).
• Operating profit/loss after financial items totalled SEK -8,366 thousand (Q2 2024: SEK -10,259 thousand).
• Earnings per share after financial items before dilution amounted to SEK -0.10 (Q2 2024: SEK -0.26).
• Earnings per share after financial items after dilution amounted to SEK -0.08 (Q2 2024: SEK -0.20).
• Cash flow from operating activities was SEK -10,250 thousand (Q2 2024: SEK -6,867 thousand).

Significant events after the period

• On 1 July 2025, Eurobattery Minerals submitted an updated package for the Environmental Permit Application (EPA). This package included water modelling, leaching assessments, waste management, and Natura 2000 evaluation—ensuring compliance with Finland’s Environmental and Water Acts.
• In July, Eurobattery Minerals signed a key investment agreement with Tungsten San Juan S.L. to acquire a 51% majority stake in the fully permitted San Juan wolfram project in Galicia, Spain. The EUR 1.5 million investment will finance the construction of a pilot processing plant and the start of mining operations. The project is expected to generate positive cash flow in H2 2026 and already has a letter of intent for an off-take agreement with Wolfram Bergbau und Hütten AG, part of the Sandvik Group.

• On 14 July 2025, Eurobattery Minerals proposed a SEK 78.5 million rights issue to support a strategic investment in Tungsten San Juan S.L., acquiring a 51% stake in the Spanish San Juan wolfram mine. The funds will also support drilling, plant upgrades, and development at the company’s Hautalampi project in Finland.
• On 21 July, Eurobattery Minerals appointed Agne Ahlenius as Managing Director for the San Juan wolfram project in Galicia. Mr. Ahlenius, former CEO of the Barruecopardo tungsten mine, brings over 35 years of international mining experience and a strong track record in sustainable operations, regulatory collaboration, and community engagement. His leadership is expected to ensure a responsible and successful development of the project, aligned with European strategic goals for industrial resilience and critical raw materials.
• In August, Eurobattery Minerals’ Spanish subsidiary, Tungsten San Juan S.L., commenced work in the open pit mine at the San Juan tungsten project in Galicia, Spain, marking the first step towards planned production in Q4 2026.

Detailed financial information
The Q2 report for 2025 of Eurobattery Minerals AB is available for download at the Company’s website and can be viewed in the attachment of the release (see below).

Report from the Extraordinary General Meeting in Eurobattery Minerals AB (publ)
Today, 14 August 2025, an Extraordinary General Meeting was held in Eurobattery Minerals AB (publ), reg. no. 556785-4236. Below is a summary of the decisions that were made. All decisions were made with the required majority. The complete proposal for the decisions is presented in the notice that was published on the 14^th of July 2025. This document is available in multiple languages for convenience. In case of any discrepancies or inconsistencies between the different language versions, the English version shall prevail.

The Board’s proposal for a resolution to amend the Articles of Association (item 7)
The general meeting decided to amend the Articles of Association in accordance with the board’s proposal as stated below.

Approval of the board of directors' resolution on a rights issue of shares (item 8)
The meeting approved the board of directors' resolution to increase the company's share capital by a maximum of SEK 50,733.32 through a rights issue of a maximum of 1,268,333 shares.

The issue shall otherwise be subject to the following conditions:

1. The issue shall take place with preference for the shareholders of the company. For each existing share, one (1) unit right is obtained. One (1) such unit right entitles to subscription of one (1) unit. One unit consists of three (3) shares.
2. The record date of the share register kept by Euroclear Sweden AB for determining which shareholders are entitled to participate in the issue with preferential rights shall be the 21 August 2025. The public may also subscribe in the issue.
3. For each subscribed unit 0.18 SEK shall be paid in cash (0.06 SEK per share). Amounts in excess of the quota value shall be added to the free share premium reserve.
4. The subscription of shares shall take place during the period from 25 August 2025 until 8 September 2025. Subscription pursuant to preferential rights shall take place through simultaneous cash payment. Subscription not pursuant to preferential rights shall take place on a separate subscription list and payment shall be made no later than the second banking day after the notification of allotment has been sent to the subscriber in the form of a settlement note. The Board shall have the right to prolong the period of subscription and payment.

Stockholm, August 2025
Eurobattery Minerals AB (publ)
BOARD OF DIRECTORS

TSJ has engaged a local, experienced contractor from the Ourense region to perform the earth movements in the mine. With previous experience in mining projects, the local company complies with the strictest occupational health, safety, and environmental regulations.

“As part of our local content policy, we are committed to hiring regional service providers and contractors whenever possible, ensuring that the San Juan project delivers tangible benefits to the local economy and community. We are pleased to collaborate with a skilled local contractor and proud to contribute to regional development as we move closer to responsible tungsten production in Europe,” said Roberto García Martinez, CEO of Eurobattery Minerals.

The work in the mine includes improvement of the infrastructure as well as stripping of waste and ore material, using excavators and trucks. The work in the open pit mine is conducted without the necessity of using blasting, thanks to the soft characteristics of the rock. This marks the beginning for tungsten production, scheduled to commence in Q4 2026.

“Starting the work in the mine with a trusted local partner reflects our commitment to both responsible mining and local engagement. The proximity sourcing policy is a core pillar of our work here at TSJ. This is an important project for Ourense, for Galicia, and Europe, so I am really excited to get things going!” said Agne Ahlenius, Managing Director of TSJ.

The San Juan mine is located near the town of A Gudiña, in the province of Ourense in Galicia, Spain. The first proven ore reserves, that have been confirmed by core drilling at the San Juan project, are an estimated 60,000 tons of ore. The tungsten (WO3) grade is high – 1.3% – contributing to the project's economic viability.

The Company has signed Agne Ahlenius, a senior mining executive with more than 35 years of international experience in mine development and operations, to head the San Juan project. His proven track record across both underground and open-pit mines and his outstanding reputation as a leader in sustainable mining will be pivotal to the success of the San Juan wolfram mine.

Mr. Ahlenius has held top-level positions in leading Spanish and international mining operations, including roles such as Mine Manager at Boliden AB, Operations Manager for MATSA in Spain, and CEO at Lundin Mining for Zinkgruvan Mining AB in Sweden. He holds a Master of Science in Mining Engineering from Luleå University of Technology, Sweden.

Most recently, Mr. Ahlenius served as COO and later CEO of the Barruecopardo mine in Spain, a benchmark for responsible and sustainable mining practices within the EU. The project was awarded “The 2024 SME of the Year Award” in Salamanca, something that recognizes its economic contribution, sustainability, and export focus.

Under Mr. Ahlenius´ leadership, the Barruecopardo mine:

• Achieved top environmental and safety standards under EU directives.
• Implemented clean technologies (e.g. environmentally friendly ore separation and closed water circuits).
• Improved mine operations, reducing costs by over 25%.
• Recorded zero lost-time injuries (LTI) over more than two years.
• Contributed to the revitalization of the local region, generating over 200 jobs (80% local), contributing to community initiatives, and receiving national awards for sustainability and economic impact.

Mr. Ahlenius brings a unique blend of Nordic precision and Iberian insight. A Swedish national, he has been living and working in Spain for over 25 years, deeply embedded in the country’s mining sector, regulatory framework, and local culture. He is fluent in Spanish (apart from speaking three other languages) and he brings extensive experience in working with the Spanish administration at all levels – national, regional (autonomous communities), and local – and has deep knowledge of the administrative procedures related to mining projects. This gives him the perfect vantage point to lead the San Juan project in line with both Swedish and Spanish values — safety, transparency, social responsibility, and long-term thinking.

“Agne´s extensive experience, local understanding, and sustainability-driven leadership make him the perfect person to take our San Juan project into the next phase,” said Roberto García Martínez, CEO of Eurobattery Minerals. “This appointment is a cornerstone in our strategy to provide responsibly mined critical raw materials from Europe for Europe — with a strong focus on environmental care, positive community impact, and long-term shareholder value.”

The San Juan wolfram project is set to begin pre-operational work in July 2025, with production scheduled for H2 2026. Eurobattery Minerals recently proposed a SEK 78.5 million rights issue to fund the majority stake acquisition in the project and further develop its battery mineral assets in Finland.

The Company has also signed a Letter of Intent for an offtake agreement with Wolfram Bergbau und Hütten AG, the Austrian tungsten producer owned by Swedish Sandvik Group, underscoring the project’s strategic European alignment.

Agne Ahlenius said: “I am genuinely excited to join Eurobattery Minerals and lead the San Juan project at this pivotal time. Europe urgently needs responsibly sourced raw materials to secure its green transition and industrial resilience. I strongly believe that mining can — and must — be done in a way that respects people, nature, and future generations. At San Juan, we will focus on creating long-term value not just for shareholders, but also for the local community through job creation, environmental stewardship, and transparent, sustainable practices. This is what a social licence to operate looks like — and I am proud to help build it here in Galicia.”

This appointment reflects Eurobattery Minerals’ commitment to building local trust and social licence to operate, while ensuring that Europe's green transition is powered by traceable, responsible, and locally sourced raw materials. By building on Mr. Ahlenius proven track record from the Barruecopardo project — widely recognised as a benchmark for sustainable mining in Spain — we aim to raise the bar even further and deliver excellence across all aspects of the San Juan wolfram project.

A more detailed presentation of Agne Ahlenius and his background is attached as a PDF to this press release.