As part of this work, FinnCobalt recently took part in the 2nd EUMINDA Interregional Meeting (IR2) held in Western Macedonia, Greece, from 9–11 March 2026, together with representatives from regional authorities, research institutions, and industry across Europe.

Through EUMINDA, FinnCobalt has joined an important stakeholder cooperation network aimed at strengthening responsible mining practices through dialogue, knowledge exchange, and policy development.

International cooperation and knowledge exchange
A central part of the EUMINDA project is international information exchange and deepened cooperation between European regions. The initiative brings together public authorities, academia, industry, and civil society to address the long-term consequences of mining and to improve governance frameworks for mine closure and restoration.

For FinnCobalt and Eurobattery Minerals, participation reflects a core principle of responsible mining: responsibility extends beyond operations and includes the long-term restoration of mining sites.

“It might seem unusual to talk about restoration before mining operations have even started — but in modern responsible mining that is exactly how it should be,” said Ilari Kinnunen, Managing Director of FinnCobalt. “Closure and restoration must be part of the project design from day one. Through EUMINDA, we exchange practical experience with European partners while also learning from how different regions are addressing the legacy of past mining activities.”

From mining legacies to future-proof project design
EUMINDA focuses on addressing the environmental, social, and economic legacies of historical mining, while supporting regions in developing more effective approaches to restoration and post-mining land use.

Eurobattery Minerals applies these lessons proactively by integrating closure planning, rehabilitation, and restoration into project development from the earliest stages. This includes planning for progressive restoration during operations and ensuring that sites are environmentally safe and suitable for future use.

Strong regional cooperation in North Karelia
FinnCobalt participates in the project through the Regional Council of North Karelia, as part of a broad regional stakeholder network including authorities, academia, industry, and civil society.
The region has strong expertise in addressing environmental impacts from mining and advancing circular solutions, and the cooperation contributes to the development of a roadmap for a responsible mineral economy in North Karelia.

“Europe’s sustainability transition and industrial competitiveness both depend on secure access to responsibly produced raw materials,” said Roberto García Martínez, CEO of Eurobattery Minerals. “For mining projects to earn public trust and attract long-term investment, responsibility must extend across the entire life cycle — including closure and restoration. Initiatives like EUMINDA strengthen the policy environment needed for modern European mining to develop with credibility and transparency.”

About EUMINDA
EUMINDA is an Interreg Europe project that brings together European regions, public authorities, and experts to improve policies addressing the long-term environmental, social, and legal impacts of mining activities. The project focuses on mine closure, restoration, and post-mining legacies, promoting interregional cooperation, knowledge exchange, and stronger governance frameworks across Europe.

Link to article from the North Karelian Regional Council: https://pohjois-karjala.fi/2026/03/pohjois-karjala-vahvistaa-yhteistyotaan-eurooppalaisten-alueiden-kanssa-kaivosalan-kehittamiseksi/

Language versions
Eurobattery Minerals AB publishes information in English, Swedish, and German for the convenience of our shareholders and stakeholders. In the event of any discrepancies or inconsistencies between the language versions, the English version shall prevail.

Such requests are a standard and expected part of the permitting process, reflecting the thorough and transparent regulatory framework governing mining projects in Finland and across the EU. Similar clarification rounds are a natural continuation of the review process following the submission of the EPA in April 2024 and the supplementary documentation provided in July 2025.

The Company has initiated an internal review of the request and is working closely with its specialized technical consultants and engineering advisors to assess the scope of the additional information required. Eurobattery Minerals will provide the requested clarifications and any supporting documentation in due course, following a thorough assessment of the authority’s request.

The permitting process is advancing in accordance with the regulatory procedure applicable to major mining projects in Finland, and the Company remains fully committed to providing comprehensive and high-quality responses to the authority’s requests.

The Hautalampi project, located in the historic Outokumpu mining region in Finland, is being developed as a future European source of responsibly produced nickel, cobalt and copper—critical raw materials for the sustainability transition. FinnCobalt has applied for Strategic Project designation under the EU Critical Raw Materials Act (CRMA), underscoring the project’s European strategic relevance.

Language versions
Eurobattery Minerals AB publishes information in English, Swedish, and German for the convenience of our shareholders and stakeholders. In the event of any discrepancies or inconsistencies between the language versions, the English version shall prevail.

The 2025 Sustainability Report outlines how responsible mining is integrated into all aspects of the Hautalampi project. Built around three pillars — environment, people, and community — the report describes environmental monitoring, biodiversity protection, water stewardship, health and safety practices, local cooperation, and governance standards. The work is aligned with the Towards Sustainable Mining (TSM) framework.

“We want to demonstrate clearly and transparently how responsible mining is implemented in practice,” says Ilari Kinnunen, Managing Director of FinnCobalt. “For us, sustainability is not a separate initiative — it is the foundation of how we develop the Hautalampi project and engage with the local community.”

Key highlights from 2025 include zero workplace accidents, comprehensive groundwater monitoring supported by a three-dimensional groundwater model, an updated Natura 2000 assessment for Lake Sysmäjärvi, aquatic ecosystem surveys in the Ruutunjoki River, and active community engagement through regular public meetings. The report also details progress on reducing the project’s future carbon footprint, including preparations for CO₂-free energy and a fully electrified mining fleet.

“The publication of this Sustainability Report marks another important step forward for the Hautalampi project,” says Roberto García Martínez, CEO of Eurobattery Minerals. “We are making steady, tangible progress — from environmental approvals and groundwater modelling to community engagement and carbon reduction planning. Each milestone brings us closer to production and reinforces our position as a credible European source of responsibly produced battery minerals. This is a project that is moving forward, and we are building it the right way.”

In parallel, FinnCobalt has fully redesigned the “Environment and Responsibility” section of its website. Previously limited to technical documentation in Finnish, the section now offers clear, bilingual content covering environmental monitoring results, occupational health and safety, community engagement activities, and the company’s participation in the TSM Finland mining responsibility system.

FinnCobalt’s sustainability program is aligned with the TSM protocol and the UN Sustainable Development Goals. Throughout 2026, the company will continue to refine its action plans, with priorities including CO₂ emissions reduction, water management, biodiversity protection, and strengthened community dialogue.

The FinnCobalt Sustainability Report 2025 can be read here: https://www.finncobalt.com/wp-content/uploads/2026/03/FinnCobalt-ESG-REPORT-2025.pdf

Language versions
Eurobattery Minerals AB publishes information in English, Swedish, and German for the convenience of our shareholders and stakeholders. In the event of any discrepancies or inconsistencies between the language versions, the English version shall prevail.

Roberto García Martínez, CEO of Eurobattery Minerals, commented:
“Submitting these CRMA Strategic Project applications is another important step forward for Eurobattery Minerals. In today’s geopolitical environment, the metals in our projects are vital not only for the energy transition, but also for key industries including defence, aerospace and green technologies’’.

Importance of Strategic Project Status under the CRMA
Recognition of the projects as a Strategic Project under the EU CRMA would be a significant milestone for Eurobattery Minerals. Such status would support more predictable and streamlined permitting processes, reduce regulatory and financing risk, and strengthen the project’s overall development timeline. It would also enhance access to European and national financing instruments, improve long-term project bankability, and facilitate engagement with industrial partners across the European value chain. Most importantly, Strategic Project recognition would underline San Juan’s role in strengthening Europe’s secure and responsible supply of tungsten, reducing dependence on third-country sources, and supporting the EU’s strategic autonomy, industrial resilience, and defence readiness — all while meeting high European environmental, social and governance standards.

The next steps
The applications will now be reviewed by the European Commission for completeness, after which they will enter the formal assessment phase. According to the CRMA process, the assessment results for applications submitted before this cut-off are expected to be communicated approximately four months after the deadline, with the possibility of an extension in exceptional cases.

By submitting applications for two advanced projects in different EU Member States, Eurobattery Minerals reinforces its strategy of delivering responsibly mined critical raw materials from Europe, for Europe, supporting Europe’s strategic autonomy, industrial resilience, and the sustainability transition.

Eurobattery Minerals will provide further updates as the CRMA process progresses.

For more information about Strategic Projects under the CRMA, please visit the official website at: https://single-market-economy.ec.europa.eu/sectors/raw-materials/areas-specific-interest/critical-raw-materials/strategic-projects-under-crma_en

Language versions
Eurobattery Minerals AB publishes information in English, Swedish, and German for the convenience of our shareholders and stakeholders. In the event of any discrepancies or inconsistencies between the language versions, the English version shall prevail.

The TSM program, coordinated in Finland by the Finnish Mining Association (FinnMin), provides a transparent and comparable framework for assessing environmental and social responsibility in the mining industry. By participating in the TSM initiative, FinnCobalt demonstrates its ongoing commitment to continuous improvement, transparency, and responsible mining practices aligned with both Finnish and EU sustainability goals.

“All human activity carries some degree of impact — the key question is how we minimize it,” says Ilari Kinnunen, Managing Director in Finland. “By strengthening our ESG base even further, FinnCobalt highlights the importance of transparent operations and maximum respect for the local communities and the environment. This approach aligns directly with the objectives of the Critical Raw Materials Act (CRMA), reinforcing responsible and traceable production of minerals within Europe while supporting the sustainability transition.”

FinnCobalt has just gone through the yearly auditing process for TSM and an updated profile for our Finnish subsidiary is now available on the official TSM website: kaivosvastuu.fi/en/exploration/2024-finncobalt-oy/. Both FinnCobalt and Eurobattery Minerals are committed to the operating principles of the mineral exploration responsibility system and we have informed all our personnel about the commitment.

“Responsible mining is the foundation of our strategy. Using the TSM standard helps us measure, improve, and communicate our sustainability performance in a credible and transparent way. This aligns perfectly with our vision — responsibly mined minerals, from Europe for Europe”, says Roberto García Martínez, CEO of Eurobattery Minerals AB.

The Group is placing renewed focus on how it communicates its ESG work, ensuring that it is as transparent as possible so stakeholders can easily follow progress and outcomes. As part of this commitment, FinnCobalt will publish its first standalone sustainability report in December 2025, providing clear insights into our responsible mining practices and ongoing contributions to Europe´s sustainability transition.

For more information about TSM, visit: https://kaivosvastuu.fi/en/network/towards-sustainable-mining/

The CRMA establishes a framework to secure the EU’s sustainable supply of critical raw materials and to strengthen Europe’s strategic autonomy by supporting projects that extract, process, or recycle such materials within the Union.

The second call for strategic projects was announced on 25 September 2025. The deadline for applications is 15 January 2026 at 12:00 noon CET. After confirming that the applications are complete, the CRMA Board then has 90 days to announce the new strategic projects under the CRMA (the decision could be delayed for 3 months if there are many applications).

Through its dual applications, Eurobattery Minerals demonstrates its commitment to the principle of “minerals extracted in a responsible way in Europe, for Europe” — ensuring that responsibly produced raw materials can directly support the EU’s green and digital transitions.

Roberto García Martínez, CEO of Eurobattery Minerals AB, comments: “The second CRMA call gives us a renewed opportunity to highlight our two cornerstone projects —San Juan in Spain and Hautalampi in Finland — both strategically located, advanced, and aligned with Europe’s sustainability and supply security goals. Our vision remains clear: Responsibly mined minerals – from Europe for Europe. By building a responsible and traceable supply chain within the EU, we are not only contributing to the industrial resilience as we move towards electrification but also creating long-term value for our investors through projects positioned at the heart of Europe’s strategic autonomy in critical raw materials. That our vision is of outmost importance is further confirmed by the latest global developments.”

San Juan Tungsten Project – Spain
The San Juan mine is located near the village of A Gudiña – in the province of Ourense in Galicia, Spain. Tungsten – also known as wolfram – is a strategic resource under the CRMA due to its importance in defence, renewable energy, and high-performance industrial applications. The proven ore reserves are an estimated 60,000 tons of ore grading 1.3% WO₃ and production is expected to start at the end of 2026. The project builds on the rich mining heritage in Galicia and is developed in close collaboration with local communities and authorities. Local content is a strategic pillar at San Juan — ensuring that mining not only delivers raw materials, but also local jobs, skills, and value creation.

Agne Ahlenius, Managing Director Spain, comments: “Our San Juan tungsten project perfectly reflects the CRMA’s objectives. With strong local support and a clear environmental focus, we aim to produce tungsten responsibly and efficiently within Europe. This project strengthens Galicia region and Spain’s position in the European mining landscape and contributes to securing essential materials for Europe’s sustainability and industrial transitions.”

The Company has an agreement in place with the Austrian industrial partner Wolfram Bergbau und Hütten for the purchase of tungsten concentrate from San Juan. This is a good example on how a mining project can have cross-border benefits across various EU states.

Hautalampi Battery Mineral Project – Finland
Located in Outokumpu, Eastern Finland, Hautalampi was previously known as the Cobalt-Nickel Parallel of the historic Outokumpu (Keretti) copper mine. The location is excellent for mine development with strong local support for mining. This position is ideal for the many industries that work with sustainability transition technologies in northern Europe. Finland has yet again been ranked as the world’s most attractive jurisdiction for mining (Annual Survey of Mining Companies, Fraser Institute, 2025).

The Hautalampi project is a nickel-cobalt-copper deposit that has reached an advanced stage of development with a pre-feasibility study completed and environmental permit application already submitted. The project has strong ESG credentials and partnerships supporting renewable energy use and low-carbon production.

In the case of Hautalampi, the Company is reapplying in this second round following the positive feedback received after the first round. We have addressed and corrected the points raised by the European Commission in their comments.

Ilari Kinnunen, Managing Director Finland, adds: “Hautalampi is a model for responsible mining within the EU — an advanced project with proven ore reserves, a strong technical foundation, and a commitment to innovation and environmental responsibility. With growing demand for nickel, cobalt, and – above all – copper in the battery industry and electrification process, the Hautalampi battery mineral project is ideally positioned to contribute to the CRMA’s goals and to Europe’s secure, traceable raw material supply chain.”

The Company has a non-binding agreement in place with two industrial partners for the Hautalampi project: Boliden AB for the purchase of copper; and with Terrafame Ltd., to explore the possibilities to process nickel and cobalt at their state-of-the art plant in Finland.

With two advanced projects now progressing under the CRMA process, Eurobattery Minerals is strengthening its position as one of the few European mining companies with multi-country exposure to strategic raw materials – driving both sustainability and long-term shareholder value.

Link the European Commission website about Strategic Projects under the CRMA: https://single-market-economy.ec.europa.eu/sectors/raw-materials/areas-specific-interest/critical-raw-materials/strategic-projects-under-crma_en

In the interview, Roberto García Martínez explains what the new investment in the Spanish mining company Tungsten San Juan S.L. means for the Company and what milestones to expect for the new project and Eurobattery Minerals in general. Roberto García Martínez also highlights the importance of tungsten mining in Europe and what the regulatory shifts in the form of the EU Critical Raw Materials Act means for Eurobattery Minerals.

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.

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.

This request provides the Company with a clear opportunity to strengthen the application and ensure full alignment with the latest regulatory requirements under Regulation (EU) 2024/1252 and remains fully committed to advancing the Hautalampi project in line with the highest environmental and ESG standards.

“The zoning approval marks another step forward and reinforces the viability of the Hautalampi project. The approval also significantly de-risks the project. We are especially encouraged by the strong local support, which reflects the trust we’ve built through our commitment to transparency, environmental stewardship, and sustainable development. The approval is an important step in delivering long-term value to our shareholders while contributing to Europe’s secure and responsible supply of critical raw materials,” says Roberto García Martínez, CEO of Eurobattery Minerals.

The City Council of Outokumpu held a plenary on Monday 26 late in the afternoon, where they approved the zoning plan which had been submitted by the City Board. There is a 30-day appeal time for the City Council decision.

This approval marks the final step in the zoning process and grants Eurobattery Minerals, through its subsidiary FinnCobalt Oy, the necessary framework for building permits. The decision underscores strong local support for the project and confirms Hautalampi’s alignment with the city’s development goals and Finland’s commitment to sustainable mining.

“We are very pleased with the City Council’s decision, which not only strengthens the foundation for our future operations but also demonstrates clear local support for responsible mining. The approved zoning is now fully aligned with Finland’s updated Mining Act and brings us another step closer to developing a sustainable, domestic source of battery minerals for Europe,” says Ilari Kinnunen, Managing Director of FinnCobalt.