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What we do

Eurobattery Minerals is the foundation of the battery value chain. The company explores and develops several nickel-cobalt-copper projects in Europe to supply battery minerals critical to the expanding electric vehicle battery market.

Project phases

The mining company has a project process that is divided in six different stages; exploration, resource definition, scoping study, feasibility study, development and production. The company has several ongoing and parallel battery minerals projects in the different stages of the process. Typically, around six in the exploration and drilling stages and two to three projects in resource definition, scooping- and feasibility study that transforms to development and production stages.

Exploration

  • Reconnaissance drilling
  • Geochemistry
  • Geophysics
  • Mapping

Resource definition

  • Infill drilling
  • Step-out drilling

Scoping study

  • Preliminary technical study
  • Preliminary economic study

Feasability Study

  • Detailed technical study
  • Detailed economic study

Development

  • Construction
  • Commissioning

Production

  • Full-scale metal production and delivery
Group 2

Focusing on Europe

Eurobattery Minerals has a strategy to prospect and develop projects exclusively in Europe. The company currently has projects in Finland, Spain and Sweden.

Battery minerals

Eurobattery Minerals explores several different minerals, but the focus is on nickel, cobalt, copper and rare earth elements (REE) that are critical to the expanding electric vehicle battery market.

27

Co

Cobalt

Cobalt is a hard, silver gray metal with chemical designation Co. The metal has many applications including for the manufacture of permanent magnets, batteries and metal alloys. Cobalt can also be used in medicine, dental care and other biotechnological areas. Demand for cobalt is expected to increase over the next years due to a growing market for electric vehicles with batteries. Cobalt is often mined as a by-product in the extraction of other metals, often nickel or copper.

29

Cu

Copper

Copper (Cu) is a reddish metal that resists most oxidizing acids. Copper is the second best electric conductor after silver. The metal is also a good thermal conductor and the most common metal in electrical cables and electronic circuit boards. Copper is usually extracted from the mineral copper canopy (CuFeS2) and copper sheen (Cu2S). The metal is completely recyclable.

28

Ni

Nickel

Nickel (Ni) is a hard, magnetic, silver white, high gloss metal. Its most important use is in alloys. The majority of the nickel consumed in the western world is used to produce stainless steel, superalloys, rechargeable batteries and catalysts. Most of the extracted nickel is found in two types of ore deposits. One is laterite with nickel-containing limonite: (Fe, Ni) O (OH) and garnierite: (Ni, Mg) 3 Si2O5 (OH). The other is magmatic sulfur deposits where the main ore mineral is pentlandite: (Ni, Fe) 9S8.

 

REE

 

Rare Earth Elements (REE) – are a group of 17 elements that are all metals. The REE often occur together. The reason for the high demand for these metals is that they have unique properties and are indispensable in many products. The demand for the metals has increased dramatically in recent years, for example in wind turbines, mobile phones, catalysts and electric vehicles. Today, most of the world’s production of rare earth elements takes place in China, where more than 97 percent of global extraction takes place. Due to high demand, more resources are needed to secure the supply, especially for the EU, whose industries depend on the availability of REE.

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