Pedro Jiménez de Francisco will join the executive team on 27 April 2026 and will report directly to the Managing Director of Tungsten San Juan, Agne Ahlenius. His appointment completes the consolidation of a top-tier management team combining geological, technical and operational expertise specifically in tungsten, a scarce resource at European level. The appointment of Pedro will undoubtedly be a key factor for the successful execution of the mine’s development.

“The appointment of Pedro Jiménez de Francisco is excellent news for Tungsten San Juan, for Eurobattery Minerals and for our shareholders. Pedro joins us from leading the most important tungsten plant in Spain and has unmatched knowledge of the operational realities of scheelite production on the Iberian Peninsula. With Pedro Jiménez de Francisco and Agne Ahlenius at the helm, we have strong leaders and highly experienced tungsten professionals who will lay the foundations of this project. This is a team that not only knows how to build a mine, but also how to make it produce. With Pedro on board, we take a firm and decisive step towards achieving our objective of entering production in the first quarter of 2027,” says Roberto García Martínez, CEO of Eurobattery Minerals.

A track record aligned with the San Juan challenge
Pedro Jiménez de Francisco joins after serving as Plant Manager at the Barruecopardo tungsten mine (Salamanca), operated by Saloro, S.L. — a subsidiary of the listed Australian group EQ Resources Limited — the largest tungsten producer in Spain and one of the few operations outside the major traditional producing markets capable of delivering high-grade scheelite concentrate with low impurity levels. During his tenure, Pedro Jiménez de Francisco led benchmark projects for technological improvements in the sector, including the implementation of advanced ore sorting systems using X-ray transmission (XRT) for scheelite processing, experience directly applicable to the ore and specific characteristics of the San Juan deposit.

Pedro holds a Mining Engineering degree from the Technical University of Madrid, an Executive MBA from the University of Salamanca, and has completed a Senior Management Program (PDD). He brings more than two decades of experience in leadership roles across mining operations, processing plants and industrial and energy facilities, with a proven track record in achieving production records, optimizing resources and managing high-performance teams.

A team that knows how to build and operate a mine
With Pedro Jiménez de Francisco and Agne Ahlenius at the helm, Tungsten San Juan has a leadership team with direct experience in the tungsten sector, prepared to lay the foundations for the successful development of the project. Agne Ahlenius comments:

“Having a professional with Pedro’s profile accelerates our execution curve. His operational experience at Barruecopardo is the closest comparable in the market to what we are developing in A Gudiña. Pedro completes a particularly valuable operational capability in this final phase of engineering, construction and commissioning.”

The new Project Director joins a project of significant strategic relevance such as San Juan:

“I am joining a project with strong geological fundamentals, a top-tier team and an exceptional market environment for European tungsten. The mission is clear: to bring the mine into production within the committed timeframe and to do so with the technical, environmental and safety standards that the market and society expect from European mining today,” says Pedro Jiménez de Francisco, Project Director of Tungsten San Juan, S.L.

European tungsten, a strategic raw material
Tungsten is listed by the European Union as both a critical and strategic raw material under the Critical Raw Materials Act (CRMA), due to its use in hard metals, special steels, superalloys, defence, aerospace and electronics. Global supply of the metal is highly concentrated outside the European Union, making the few European projects capable of delivering primary tungsten a first-order geostrategic asset. San Juan is positioned as one of these projects.

In line with its strategic nature, Tungsten San Juan, S.L. has applied for the project to be designated as a Strategic Project under the CRMA, a recognition that would further strengthen its role as a key element in the European critical raw materials supply chain.

The appointment of Pedro Jiménez de Francisco strengthens Eurobattery Minerals’ execution capacity and sends a clear signal to the market: Tungsten San Juan is progressing towards a clearly defined milestone — the start of commercial production in the first quarter of 2027.

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.

“Metallurgical testwork is a critical step in transforming a mineral resource into a viable mining project,” said Roberto García Martínez, CEO of Eurobattery Minerals. “By working with SLR, a globally recognised and highly experienced technical partner, we are strengthening the technical foundation of the San Juan project and moving forward in a structured and disciplined way.”

The bulk sample, totalling approximately 1,000 kilograms of wolfram-bearing material, will be processed at SLR’s laboratories in Truro, Cornwall — a historic mining region. SLR has extensive expertise in mineral processing and metallurgical testing.

The test programme, expected to run over approximately five months — with results expected in Q3 2026 — will involve a comprehensive evaluation of the ore’s processing characteristics. This includes crushing and classification into different size fractions, followed by detailed analysis of grade distribution to determine how the wolfram mineralisation is hosted within the material.

A series of gravity-based metallurgical tests will be conducted, including cyclone classification, spiral separation and shaking table tests. These tests will generate multiple output streams — including concentrate, intermediate fractions, and tailings — enabling a detailed assessment of recovery performance across different particle sizes and processing conditions.

The results from the programme will form the basis for the final design of the process flowsheet and the future processing plant, supporting both technical optimisation and responsible resource use. This represents a key milestone in the project’s development path: the metallurgical data will feed directly into the final engineering design work being led by Minepro, enabling the Company to advance towards a detailed process design, a critical prerequisite for the construction and commissioning of the San Juan processing plant.

“Every ore body behaves differently and understanding that behaviour is essential for designing an efficient and reliable processing solution,” said Agne Ahlenius, Managing Director of Tungsten San Juan. “This work will allow us to define a process that is tailored to our specific conditions in Galicia, combining strong technical performance with a responsible approach to resource management.”

Eurobattery Minerals continues to advance the San Juan tungsten project as part of its broader strategy to contribute to Europe’s secure and responsible supply of critical raw materials, essential for the sustainability transition and for strengthening European industrial resilience. San Juan is currently under review for designation as a Strategic Project under the EU Critical Raw Materials Act (CRMA), a status that would further underline the project’s significance for European supply chain security and industrial competitiveness.

About SLR
SLR Consulting Ltd is an international consultancy providing environmental, engineering, and technical advisory services to the mining and minerals industry. With a global presence and multidisciplinary expertise, SLR supports projects across the full mining lifecycle — from early-stage studies to development and optimisation.

In the United Kingdom, including in Cornwall, SLR combines technical expertise with a long-standing mining tradition, offering capabilities in mineral processing evaluation, project development, and environmental performance.

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 San Juan project is a strategic asset for Galicia and for Europe. Our objective is to bring this asset into production in a responsible and efficient way, generating long-term value for shareholders while delivering tangible social and economic benefits to the local community. ESG principles are a fundamental pillar of this approach, and initiatives such as the launch of this website are an important step in strengthening transparency and open dialogue with all stakeholders,” said Roberto García Martínez, CEO of Eurobattery Minerals.

The website offers a comprehensive overview of the San Juan project, including its development status, environmental and social approach, and the strategic importance of tungsten for Europe. It also includes dedicated sections on responsible mining practices, community engagement and frequently asked questions, aimed at providing clear and understandable information to a broad audience.

A key objective of the website is to strengthen communication with the local community in A Gudiña and the surrounding region. Through the platform, users can access project information, submit questions or feedback, and follow ongoing updates about project development.

“Transparency and dialogue are essential for building trust. With this new website, we want to make it easier for people to understand what we are doing, how we are doing it, and why this project matters — both locally and at a European level,” said Agne Ahlenius, Managing Director of Tungsten San Juan.

The San Juan project is a near-term tungsten mining project located in Galicia – a region with centuries of mining tradition and a historical role as one of Europe’s principal sources of wolfram. The project aims to revive and modernise this legacy, contributing to Europe’s supply of critical raw materials while creating local value through employment, business opportunities and collaboration with the community.

The launch of the website marks another step in Tungsten San Juan’s approach to responsible mining, combining modern industrial development with environmental protection, safety and community engagement.

The website is available in Spanish and Galician – reflecting the Company’s commitment to accessible communication with the local community in Galicia – but also in English, German and Swedish, the corporate distribution languages of the Eurobattery Minerals Group.

The new website is now available at: www.tungsten-sanjuan.com

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.

A strategic asset at a critical moment for Europe
Tungsten is classified as one of the European Union's most strategically sensitive critical raw materials, with global supply chains currently dominated by a single country. The San Juan tungsten project represents a rare, advanced European primary wolfram asset, and the Company is committed to bringing it into production as swiftly and responsibly as possible.

“This is an important step forward for our tungsten project in Galicia,” said Roberto García Martínez, CEO of Eurobattery Minerals. “Developing the processing infrastructure is essential to unlocking the value of the San Juan deposit. By working with Minepro, we are ensuring that the plant is designed specifically for the characteristics of the ore and built with a flexible architecture that supports the long-term development of the project. Responsibly produced tungsten in Europe will be increasingly important for Europe’s industrial resilience and technological competitiveness.”

A best-in-class engineering partner
Minepro brings decades of hands-on experience in mineral processing plant design and metallurgical optimisation, with a strong track record on comparable European projects. Their mandate covers the complete engineering scope of the plant — covering process, mechanical, electrical, and instrumentation & control disciplines — as well as the definition and supervision of a comprehensive metallurgical test programme to be carried out at an accredited external laboratory.

By running engineering and a metallurgical reconfirmation program simultaneously across an approximately 20-week programme, the Company is taking an accelerated path to production without compromising technical rigour or the quality of the final plant design.

Plant design and path to production
The processing plant will be designed to produce a high quality and marketable tungsten concentrate through a gravimetric concentration circuit optimised for the ore characteristics at San Juan. The plant will commence operations at an initial throughput of 10 t/h, with capacity designed to scale progressively — a capital-efficient approach well suited to the Company's development strategy.

Alongside gravimetric concentration, the test programme will evaluate additional beneficiation stages — to ensure the plant delivers a concentrate fully meeting commercial specification. Construction, installation and commissioning will be contracted separately upon completion of the engineering phase, with plant operations targeted to commence in Q1 2027.

“Building a processing plant adapted to the specific conditions of the San Juan deposit is a key milestone for the project,” said Agne Ahlenius, Managing Director of Tungsten San Juan S.L. “Our goal is to develop a modern operation that combines technical efficiency with strong environmental and safety standards. The modular design also gives us flexibility to scale production in a responsible way as the project evolves.”

As announced previously in 2025, the Company had planned to conduct metallurgical testwork and pilot plant design together with Advanced Mineral Processing S.L. (AMP). However, due to circumstances outside the Company’s control, that collaboration could not proceed as originally planned. Eurobattery Minerals has therefore decided to move forward with Minepro to continue advancing the technical development of the project.

About Minepro Solutions S.L.
Minepro Solutions, S.L. is a specialist mineral processing engineering company with extensive experience in the design, engineering and commissioning of processing plants across a broad range of mineral commodities. Minepro is recognised for its rigorous, fit-for-purpose approach to plant engineering and metallurgical test programme management.

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 renewal, approved by the relevant authorities in Galicia, Spain, represents a vote of confidence in Eurobattery Minerals’ commitment to regional economic development, environmental sustainability, and local job creation.

“This license extension not only guarantees the continuity of our tungsten mining operations in San Juan but also reaffirms the institutional support for our responsible and transparent approach to European mining. It is a testament to our close collaborative work with local authorities and communities,” stated Roberto García Martínez, CEO of Eurobattery Minerals.

The San Juan tungsten project, located in A Gudiña (Ourense, Galicia), has all the necessary permits to move into the production phase for wolfram, supported by modern gravimetric processing technology that minimizes environmental impact as well as avoiding the need to use explosives.

The 30-year extension is part of the regulatory framework for mining licenses in Spain, extensions which are granted in successive phases, provided that the technical, environmental, and investment criteria established by the competent authorities are met.

“The support of the local and regional authorities demonstrates the importance of this project for the autonomous community of Galicia and for the development of a fully traceable and responsible European supply chain for critical minerals. This step guarantees the continuity of modern and sustainable mining in the territory for the next three decades,” added Agne Ahlenius, Managing Director of Tungsten San Juan.

The extension will allow the company to confidently move forward with the construction of the pilot processing plant and the start-up of production operations planned for the second half of 2026, ensuring a stable and traceable source of minerals for the European market.

With this measure, Eurobattery Minerals reinforces its position as a strategic partner in the sustainability transition, supplying critical minerals produced in Europe, for Europe.

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

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.

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.