Eurobattery Minerals announces the start of fieldwork in new Finnish project
FinnCobalt Oy has informed Eurobattery Minerals about the next steps for the Hietajärvi project in Finland, where the company has been granted a reservation notification for applying for an exploration permit.
Located ~40km south of FinnCobalt’s Hautalampi Project, Hietajärvi contains similar prospective rocks known to contain Co-Cu-Ni-Zn deposits.
Following the review of historical exploration data and developing a new prospectivity map of the area, fieldwork will commence in June 2021.
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, has been informed about the next steps for FinnCobalt Oy´s granted reservation permit for the Hietajärvi project with fieldwork starting this summer. Eurobattery Minerals has the option to acquire 100% of FinnCobalt Oy in a staged acquisition.
“I am very pleased that we now are ready for the fieldwork in our new Finnish battery minerals project in Hietajärvi. We know since earlier activity in the area that the mineral potential is good, investigations this summer will give us hands-on indication for the prospectivity of the project," said Roberto García Martínez, CEO of Eurobattery Minerals.
During the winter months FinnCobalt has reviewed historical exploration data frorm its 290 km2 Hietajärvi reservation area. The area is allready known to include two Outokupu-type mineral deposits – Hietajärvi: 0.341 Mt @ 0.71 % Cu, 0.15 % Co, 0.18 % Ni and Kettukumpu: 0.4 Mt @ 0.44 % Cu, 0.07 % Co and 0.18 % Ni.
Together with the Geological Survey of Finland, FinnCobalt and its consultants have used novel technology and prepared a new prospectivity map of the area. During the coming field season, FinnCobalt will do fieldwork on the previously unknown exploration targets generated in the area.Below is a map illustrating where the Hietajärvi project is located in relation to the Hautalampi project.
Eurobattery Minerals AB is a Swedish mining company listed on NGM Nordic SME (BAT) and Börse Stuttgart (EBM). As the foundation of the battery value chain the company’s vision is to help Europe become self-sufficient in ethical and fully traceable battery minerals for the electric vehicle industry. The company is focused on exploration and development of several nickel-cobalt-copper projects in Europe to supply sustainably mined raw materials critical to the rapidly growing battery market.