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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
Key Points
• Geochemical and geophysical program completed at Castriz prospect
• The Company’s results are also significantly better than the historical soil sampling at Castriz
• Outstanding nickel-in-soil assay results confirm prospectivity of Castriz, with up to 0.66% Ni recorded (historical were a maximum value of 0.3% Ni); more than 146 samples returned assays >0.15% Ni which is a typical economic cut-off for open cut nickel deposits
• Nickel anomalies are coincident with elevated copper concentrations (up to 0.2% Cu)
• Cobalt results were better than historical data indicated
• Geochemical anomalies associated with elevated magnetic responses in the underlying bedrock interpreted to be caused by fluid alteration processes
• The high quality of the results demands further exploration at Castriz
• Multiple drill targets identified, with planning underway for drilling in September
• Technical report attached
CORCEL NICKEL-COBALT-COPPER PROJECT UPDATE SUMARY
Eurobattery Minerals AB (Nordic Growth Market: “BAT”; “the Company”) is pleased to issue an update on its exploration for nickel, cobalt and copper at its Corcel Project in Galicia, northern Spain. The company commenced field activities at the Castriz prospect in July 2019 and has recently received the final results and interpretations from its field work program. Field activities included geological mapping, soil sampling and ground-based magnetic and ground penetrating radar (GPR) geophysical surveys. The attached report contains the full descriptions of the results from the exploration work program.
– I am pleased to announce the good results from the geochemical and geophysical program from the Castriz prospect in Spain, said Roberto Garcia Martinez, CEO of Eurobattery Minerals. The amount of nickel and cobalt in the ground is much higher than historical soil sampling, and as such the results supports the company’s view that Castriz has an outstanding potential to provide the European battery market with key minerals.
Field activities have realised the identification of several large zones, up to 1km in strike, with anomalous nickel (Ni) geochemistry that are coincident with increased magnetic signatures in the underlying bedrock. These zones are interpreted to have developed as a response to hydrothermal alteration processes that have potentially remobilised sulphide minerals and deposited them in favourable structural locations as evidenced by the geophysics.
Ore grade nickel-in-soil anomalies up to 0.66% Ni have been detected at Castriz. Fifty-two (52) samples returned assays greater than 0.2% Ni and 146 samples returned assays >0.15% Ni. A typical economic cut- off grade for shallow mineralisation that is amenable to open cut mining is 0.15% Ni. The Company’s results are also significantly better than the historical soil sampling at Castriz which returned a maximum value of 0.3% Ni. Anomalous levels of copper (up to 0.2% Cu) and cobalt (up to 0.08% Co) have also been detected with the copper anomalies being coincident with nickel anomalies. The magnitude of the anomalies is encouraging given soil profiles are usually depleted with respect to the fresh rock underneath. Therefore, there is an anticipation of higher grades at depth.
The nature of the geochemical and geophysical anomalies and the size of the anomalies supports the Company’s view that Castriz is a very high-quality prospect with outstanding potential to host a large nickel deposit. Coincident Ni-Co-Cu anomalies are often associated with sulphide mineral accumulations (pentlandite and chalcopyrite) which are minerals that are highly sought after in the battery and electric vehicle markets. Consequently, the Company believes the project warrants further exploration and will proceed with drill testing the most attractive target in the current quarter. Eurobattery Minerals looks forward to providing updates to the market in the coming weeks once drilling commences.
For further information, please contact:
Roberto Garcia Martinez, 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 04. September 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 is pleased to release an updated corporate presentation. Attached you will find information about the company, the market and its prospects.
Summary corporate presentation
Eurobattery Minerals is a Swedish exploration company that is focused on acquiring and developing assets in Europe with a focus on metals critical in the manufacturing of electric vehicle batteries. This includes, among other things, nickel, copper and cobalt. We strive to create a greener world by supplying the growing market for batteries and electrical vehicles with highly sort after minerals. One of the most important global trends over the next decade will be the electrification of mobility, which means a strong demand for battery specific minerals. Our flagship project is the Corcel nickel-cobalt-copper project located Spain. The company also conducts early-stage prospecting in several places in northern Sweden.
Increasing our presence
At the beginning of the summer, Eurobattery Minerals released a new website, a new logo and visual identity. During the autumn, we will continue to improve our communication by implementing our communication strategy. Among other things, we will increase our attendance across social media platforms. We do this to make it easier for investors and other stakeholders to keep up to date with information about the company and allow them to communicate with us. You can follow us at LinkedIn (@eurobatteryminerals) and Twitter (@eurobatterymin) where we frequently share news about developments at our projects and the electric vehicle and battery market. It is also possible to get our newsletter directly to your email. Subscribe today and make sure to be among the first to receive news and updates about the company.
You can sign up at eurobatteryminerals.com.
For further information, please contact:
Roberto Garcia Martinez, CEO
E-mail: roberto@eurobatteryminerals.com
Eurobattery Minerals AB is a Swedish exploration company that conducts targeted mineral exploration in Europe. The company’s business model is to acquire projects and assets, to prospect and explore on these and to develop the occurrences into economically profitable mines. Eurobattery Minerals focuses on exploration and development of deposits of raw materials used in batteries and electric cars.
Augment Partners AB, e-mail: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor.
Andra kvartalet 2019 (samma period föregående år)
- Nettoomsättningen uppgick till 0 KSEK (0 KSEK)
- Rörelseresultatet efter avskriv. och finansiella poster uppgick till -4 736 KSEK (-849 KSEK)
- Resultat per aktie efter avskriv. och finansiella poster uppgick till -0,03 SEK (-0,01 SEK)
- Kassaflödet från den löpande verksamheten uppgick till -4 100 KSEK (-2 323 KSEK).
Första halvåret 2019 (samma period föregående år)
- Nettoomsättningen uppgick till 0 KSEK (0 KSEK)
- Rörelseresultatet efter avskriv. och finansiella poster uppgick till -6 840 KSEK (-980 KSEK)
- Resultat per aktie efter avskriv. och finansiella poster uppgick till -0,05 SEK (-0,02 SEK)
- Kassaflödet från den löpande verksamheten uppgick till -5 664 KSEK (-2 492 KSEK)
Väsentliga händelser under perioden
- Bolaget genomför en sammanläggning av aktier 1:100
- Bolaget byter handelsplats till NGM Nordic MTF
- Bolaget slutför förvärvet av Corcel Minerals
- Bolaget påbörjar fältverksamhet vid sitt nya projekt Corcel, i nordvästra Spanien som utvinner basmetallerna nikcle-kobolt-koppar (Ni-Co-Cu)
- Ett omfattande geokemiskt och geofysiskt prospekteringsprogram har genomförts i Castrizområdet, med huvudfokus på historisk utforskning
- Bolaget anlitar Mangold Fondkommission AB som likviditetsgarant
- Företrädesemission om 23,8 MSEK registreras hos Bolagsverket
- Årsstämman beslutar om teckningsoptionsbaserat incitamentsprogram för bolagets verkställande direktör
- Bolaget byter namn från Orezone AB till Eurobattery Minerals AB
Väsentliga händelser efter perioden
Inga väsentliga händelser har skett efter periodens utgång.
Sammanfattning av VD-ordet:
Under de senaste månaderna har vi genomfört fältaktiviteter i Corcel-projektet i nordvästra Spanien. Samtidigt undersöker vi ytterligare prospekteringsmöjligheter i hela Europa. Vår strategi är att bygga en projektportfölj inom samtliga prospekterings-, utvecklings- och produktionssteg och bli en betydande europeisk leverantör av gröna mineraler för batteri- och elfordonsmarknaden.
Vi ser fram emot att ge aktieägarna fortsatta uppdatering om våra fältaktiviteter i Corcel-projektet. Under perioden har en detaljerad markprovtagning och geofysiska undersökningar i det spännande Castriz-området avslutats. Med hjälp av historiska prospekteringsaktiviteter bedöms Castriz vara den högst rankade platsen i projektområdet med en omfattande tillgång av Ni-Co-Cu-mineraler. Vi har fått de slutliga analysresultaten och är klara med dataregistrering och borrhålsplanering. Vi befinner oss i slutfasen av kontraktsförhandlingar med ett borrföretag och planerar att påbörja borrning under nuvarande kvartal.
Eurobattery Minerals AB halvårsrapport januari–juni 2019 är bilagt till detta pressmeddelande och finns att hämta från bolagets webbplats: https://eurobatteryminerals.com//ekonomiska-rapporter/
För ytterligare information, vänligen kontakta:
Roberto Garcia Martinez, VD
E-post: roberto@eurobatteryminerals.com
Denna information är sådan information som bolaget är skyldigt att offentliggöra enligt EU:s marknadsmissbruksförordning. Informationen lämnades, genom ovanstående kontaktpersons försorg, för offentliggörande den 15 augusti 2019 kl. 08:00 CEST.
Kort om Eurobattery Minerals
Eurobattery Minerals AB (publ) är ett svenskt prospekteringsbolag som bedriver målinriktad mineralutforskning i Europa. Bolagets affärsmodell är att förvärva projekt och tillgångar, att prospektera och utforska på dessa samt att utveckla förekomsterna till ekonomiskt lönsamma gruvor. Eurobattery Minerals fokuserar på prospektering och utveckling av fyndigheter av råvaror som används i batterier och elbilar.
Augment Partners AB, tel. +46 8 505 651 72, email: info@augment.se är Eurobattery Minerals Mentor.
Stockholm: Orezone AB changes its name to Eurobattery Minerals AB. The name change that was registered at the Swedish Companies Registration Office on 28 June 2019 is part of the company’s commitment to extracting critical battery minerals such as cobalt, copper and nickel from its own assets in Europe.
– Our new name describes our plans very well. When production starts – and it is very soon – the goal is to be able to supply Europe’s battery manufacturers with “green minerals” from Europe, says CEO Roberto García.
Eurobattery Minerals AB – formerly known as Orezone AB – is a Swedish exploration company that is focused on acquiring and developing assets within battery metals located in Sweden and Europe. This includes, among other things, copper, cobalt and nickel – metals that are used to manufacture batteries, and which are absolutely crucial for society’s electrification.
– With current projects, we are very well positioned in relation to the global raw material cycle and the rapid development that takes place in electric vehicles and battery technology, says Roberto García, CEO of Eurobattery Minerals AB.
The company has several exploration licenses with potentially hazardous base metals in Northern Sweden, but this should be seen in a longer perspective, explains the CEO. Right now, the eyes are turning towards Europe where the company acquired a cobalt-copper-nickel project.
– Our projects are in different stages of development. As for the project in Spain, we have come a long way. We are soon ready to start drilling. A significant part of the geological work has been completed and the results look promising, Roberto says.
If everything goes as planned, production can be operational in mid term. This would also mean that Europe’s self-sufficiency of critical battery metals is increasing a little bit.
– Apart from the fact that there is a large shortage of minerals with rising prices on the world market, there are also political risks. The majority of all cobalt comes from mines in Congo, a country affected by civil war, which can compromise delivery capability, says Roberto García.
As of 15 July 2019, the share is traded under the name Eurobattery Minerals AB and the symbol on NGM Nordic MTF is BAT.
For further information, please contact:
Roberto Garcia Martinez, CEO
E-mail: roberto.g@orezone.se
Eurobattery Minerals AB is a Swedish exploration company, holding exploration licenses covering potentially bulk mineable base metal deposits in Northern Sweden, as well as other exciting prospects. Augment Partners AB, e-mail: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor.
Exercise period for TO4 underway - more details here
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