Eurobattery Minerals is driving Europe’s self-reliance in Critical Raw Materials – Invest in the rights issue

Eurobattery Minerals AB is doing a rights issue of approximately SEK 78.5 million, where investors have the chance to participate in Europe's efforts to become independent of other countries for the supply of critical raw materials. With a rapidly growing market for critical metals and a project in Spain that could start generating cash flow as early as the second half of 2026, the company offers a unique combination of short-term value creation and long-term potential.

“The proceeds from the issue will enable us to take strategic and transformative steps. With this capital raise, we are strengthening our capacity to deliver on our long-term vision: to contribute to European independence from non-European suppliers of critical raw materials,” says CEO Roberto García Martínez.

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San Juan – Cash flow in the near future

Eurobattery Minerals recently announced that it has entered into an agreement to acquire 51 percent (on a fully diluted basis) of the Spanish company Tungsten San Juan (TSJ), owner of the San Juan tungsten project in Galicia, northern Spain. Eurobattery thereby secures control over a project that is already well advanced and that can begin delivering cash flow as early as the second half of 2026. With all necessary licenses in place and an existing infrastructure, TSJ is ready to contribute to Europe's access to tungsten – a metal that is indispensable in the defence sector, aviation (including the space sector) and for advanced technology.

“Wolfram is not just another metal. It is an irreplaceable resource in strategic applications. With wolfram prices at historic highs and an established infrastructure at the San Juan project, we have the opportunity to generate cash flow in the near term – something that makes Eurobattery Minerals unique in our sector,” says García Martínez.

A growing market with increasing risks

Eurobattery Minerals conducts targeted mineral exploration in Europe and has two flagship projects focusing on nickel, cobalt and copper in the eastern part of Finland and the northwestern part of Spain. Demand for nickel, cobalt, copper and tungsten is increasing almost expontially in line with electrification, digitalization and industrial needs. Europe is currently heavily dependent on imports, especially from China, which makes the region vulnerable to geopolitical risk and trade barriers.

“If Europe continues to depend on imported raw materials, our economy and security remain vulnerable. Therefore, domestic production in Europe is no longer optional – it is absolutely necessary,” emphasizes García Martínez.

With a majority stake in the TSJ tungsten project, Eurobattery would gain access to another critical metal for Europe's future raw material independence, which is high on the political agenda in light of an increasingly uncertain geopolitical situation.

How the issue proceeds will be used

A large portion of the issue proceeds of approximately SEK 78.5 million will be used to finance and develop the TSJ project. The capital is being used to increase the capacity of the concentrator from five to twenty tons per hour and for a new drilling campaign that could strengthen the ore reserves. A significant portion will also be allocated to the Hautalampi project in Finland, where a bankable feasibility study for nickel, cobalt and copper is to be completed. At the same time, the issue strengthens the company's organization and provides the opportunity for early repayment of loans.

A great opportunity for investors

With a tungsten project ready to generate cash flow in the near term and a long-term battery mineral project in Finland, Eurobattery Minerals is positioning itself as one of the most interesting cases in the European raw materials sector right now.

As García Martínez summarizes: “Europe is at a crossroads. Either we continue to rely on imports and increase the risks, or we take control of our future. At Eurobattery Minerals, we are committed to delivering the critical raw materials the region needs – from Europe, for Europe – in a responsible manner and with a long-term vision.”

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The Rights Issue in summary

• The subscription in the rights issue period will run from 25 August to 8 September 2025.
• Those who are registered as shareholders of Eurobattery Minerals on the record date of August 21, 2025, will recieve one (1) unit right for each share in the Company. One (1) unit right entitles the holder to subscribe for one (1) unit. One (1) unit consists of three (3) new shares in the Company.
• The subscription price in the rights isue amount to SEK 0.18 per unit, corresponding to 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 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.

This information does not constitute an invitation to underwrite, subscribe for or otherwise acquire or transfer securities in any jurisdiction. This material does not constitute a recommendation for potential investors' decisions regarding the rights issue. Each investor or potential investor should conduct their own investigation, analysis and evaluation of the business and information described in this material and all publicly available information. The price and value of the financial instruments may decrease as well as increase. Past results are not a guide to future results. Neither the content of the Company's website nor any other website accessible through hyperlinks on the Company's website are incorporated into or forms part of this material.

This document is available in multiple languages for convenience. In case of any discrepancies or inconsistencies between the different language versions, the Swedish version shall prevail.