Eligibility and registration
Shareholders who wish to participate in the General Meeting shall

• be entered in the share register maintained by Euroclear Sweden AB on 10 March 2026, and
• notify the company no later than on 12 March 2026 by post to Eurobattery Minerals AB, Strandvägen 7A, SE-114 56 Stockholm or by e-mail to ir@eurobatteryminerals.com. The notification should include the full name, personal or organizational number, shareholding, address, daytime telephone number, and, where applicable, information about proxies or assistants (maximum 2). The notification should be accompanied, where applicable, by powers of attorney, registration certificates, and other authorization documents.

Nominee-registered shares
Shareholders whose shares are registered in the name of a nominee must, in order to be entitled to participate in the meeting, have their shares registered in their own name through their nominee, so that they are registered in the share register maintained by Euroclear Sweden AB as of the record date 10 March 2026. Such registration may be temporary (so-called voting rights registration). Shareholders who wish to register their shares in their own name must, in accordance with the respective nominee’s routines, request that the nominee make such voting rights registration. Voting rights registration requested by shareholders in such time that the registration has been made by the relevant nominee no later than 12 March 2026 will be taken into account in the preparation of the share register.

Proxy etc.
If a shareholder is to be represented by a proxy, the proxy must bring a written, dated authorisation signed by the shareholder to the meeting. The authorisation may not be older than one year, unless a longer period of validity (but no longer than five years) has been specified in the authorisation. If the power of attorney is issued by a legal entity, the proxy must also bring the current registration certificate or equivalent authorisation document for the legal entity. To facilitate registration, a copy of the power of attorney and other authorisation documents should be attached to the notification to attend the meeting. Proxy forms are available on the company’s website eurobatteryminerals.com and will be sent by post to shareholders who contact the company and state their address.

Number of shares and votes
The total number of outstanding shares and votes in the company at the time of this invitation amounts to 883,523,412. The company does not hold any shares.

Proposal for the agenda

1. Opening of the meeting
2. Election of the chairman of the meeting
3. Preparation and approval of the voting list
4. Approval of the agenda
5. Election of one or two persons to verify the minutes
6. Determination of whether the meeting has been duly convened
7. The Board’s proposal for a directed issue of shares
8. The meeting is closed

Proposed decision in brief:

The Board’s proposal for a directed issue of shares (item 7)
The Board of Directors proposes that the company’s Chief Executive Officer, Roberto Garcia Martinez, shall receive his outstanding liabilities through the wholly owned company Nazgero Consulting Services Ltd (“Nazgero”) in the form of shares.

Accordingly, the board of directors has decided to propose an issue of 53,295,593 shares. In order to effect the delivery of shares, the board of directors proposes that the general meeting resolves on a directed new issue of shares to Nazgero on the following terms and conditions.

The board of directors proposes that the general meeting resolves on a directed new issue of not more than 53,295,593 shares, entailing an increase in the share capital of not more than SEK 72,924.1642982568. The issue shall otherwise be governed by the following terms and conditions:

1. In deviation from the shareholders’ pre-emption rights, the new shares may only be subscribed for by Nazgero Consulting Services Ltd.
2. The subscription price per share shall amount to SEK 0.09. The share premium shall be transferred to the unrestricted share premium reserve.
3. Subscription for the shares shall take place through set-off no later than three weeks from the date the general meeting has resolved on the new issue. The board of directors is entitled to extend the subscription period.
4. Payment for the shares subscribed for shall be made through set-off of a claim consisting of accrued consulting fees. The board of directors is entitled to extend the time for payment.
5. The new shares entitle the holder to dividends for the first time at the record date for dividends that falls closest after the new shares have been entered in the share register.

The reason for the deviation from the shareholders’ pre-emption rights is the need to be able to pay remuneration to Nazgero in a liquidity-efficient manner. The subscription price of SEK 0.09 per share is identical to the subscription price in the directed issue to external investors, which has been determined through arm’s length negotiations. The board acknowledges that the subscription price represents a significant discount to the current market price. The board has nevertheless concluded that the subscription price is justified for the following reasons: (i) the CEO receives shares on exactly the same terms as the external investors in the Directed Issue, and there is no preferential treatment; (ii) Fenja Capital II A/S, an independent external holder of convertible instruments, converted at a price of SEK 0.09 per share on 23 February 2026, confirming that the price level has been accepted by an independent third party; (iii) the issue relates to a debt conversion, not a purchase of shares at a discounted price – the CEO has already rendered services to the Company and is now electing to convert those claims into equity at a price consistent with third-party transactions; and (iv) the subscription price is consistent with, or at a premium to, subscription prices in the Company’s capital raises over the past twelve months: the rights issue of September 2025 (SEK 0.06 per share), the exercise of warrants of series TO6 in May 2025 (SEK 0.09 per share), and the Fenja Capital conversion of February 2026 (SEK 0.09 per share).

The maximum dilution effect as a result of the new issue of shares proposed under this item 7 amounts to approximately 6 per cent based on the number of outstanding shares in the Company at the time of this notice.

Roberto Garcia Martinez has not participated in the preparation of the proposal under this item 7.
A valid resolution requires the approval of shareholders representing at least nine-tenths of both the votes cast and the shares represented at the general meeting.

Personal data
Personal data obtained from the share register maintained by Euroclear Sweden AB, notification of attendance at the meeting and information about representatives, proxies and assistants will be used for registration, preparation of the voting list for the meeting and, where applicable, minutes of the meeting.

Other
The required documents, complete proposals for resolutions and proxy forms will be available at the company’s office at Strandvägen 7a, 114 56 Stockholm, Sweden, and on the company’s website eurobatteryminerals.com no later than two weeks prior to the general meeting and will be sent to shareholders who so request and state their postal address.

Shareholders have the right to request information in accordance with Chapter 7, Section 32 of the Swedish Companies Act (2005:551).

Roberto García Martínez, CEO of Eurobattery Minerals, comments:
“I have chosen to convert my outstanding claims into shares because I genuinely believe in the Company’s future and in the value we are creating. This is a long-term commitment. By strengthening the balance sheet, we put the Company in a better position to engage with off-takers, institutional investors and industrial partners.
The investors participating in the Directed Issue are shareholders who have been with us for a long time and who share our conviction in the Company’s potential. We are proud to have them by our side, and we look forward to continuing to grow together.”

Summary
The directed issue to long-term external investors provides the Company with new capital to support the continued development of the Company’s project portfolio and to fund general corporate purposes, while the proposed directed issue to the Chief Executive Officer is intended to convert outstanding liabilities owed by the Company to the CEO into shares, thereby strengthening the Company’s balance sheet and aligning the interests of the CEO with those of all shareholders. The board considers that the measures, taken as a whole, are in the interest of the Company and all shareholders.

Directed issue of shares to external investors
The Company’s board of directors has resolved on a directed issue of shares to long-term external investors consisting of three existing long-term shareholders subscribing via a Swiss-based Multi-Family Office (MFO) and one German investor (the “Directed Issue”) based on the authorisation granted by the annual general meeting on 30 June 2025.

Principal terms

• Number of new shares: 25,550,359

• Subscription price: SEK 0.09 per share

• Gross proceeds: approximately SEK 2,299,532 before transaction costs

• Subscribers: Three existing long-term shareholders via a Swiss-based Multi-Family Office (MFO) and one German investor

Background and rationale
The purpose of the Directed Issue is to provide the Company with capital to support the continued development of the Company’s project portfolio, including ongoing exploration and permitting activities, and to fund general corporate purposes.

The board considers that the Directed Issue is the most appropriate alternative in the current situation. The Company carried out a rights issue during the third quarter of 2025, where the final outcome was a subscription rate of 28.7 per cent. The board has assessed that the conditions for an additional rights issue are not favourable. It would require underwriting commitments to ensure the required subscription level, which in the current market situation is considered virtually impossible due to new legislative amendments regarding permits for the provision of underwriting guarantees. A directed issue can be executed more quickly and at a lower cost, and without the risk of an undersubscribed rights issue, which would send a negative signal to the market and further weaken the Company’s position.

At the same time, the Directed Issue provides the Company with additional capital from committed, financially strong investors. Three of the four subscribers are existing long-term shareholders of the Company, subscribing via a Swiss-based Multi-Family Office, who have demonstrated long-term conviction in its strategy and who wish to increase their exposure. The fourth subscriber is a German investor. The board considers that the participation of existing shareholders in a directed issue is justified in the present case, as these investors were willing to commit significant additional capital on terms that could not have been achieved through a rights issue, and their continued support strengthens the Company’s shareholder base and provides stability during a critical phase of development. The board views the Directed Issue as an important step in consolidating a stable, long-term ownership structure capable of supporting the Company through its current development phase.

Reasons for the subscription price
The subscription price of SEK 0.09 per share has been determined through arm’s length negotiations with the external investors participating in the Directed Issue. The board acknowledges that the subscription price represents a significant discount to the current closing price of the Company’s share. The board has nevertheless concluded that the subscription price is justified and in the interest of the Company and all shareholders, having regard to the following circumstances:

(i) The price reflects the outcome of arm’s length negotiations with independent investors. The subscription price is the result of genuine negotiations with unrelated, external investors who have independently assessed the Company’s value and risk profile. Despite the board’s efforts to negotiate a higher price, the investors were not willing to commit capital at a price closer to the current market price. Given the Company’s urgent need for financing and the absence of viable alternatives (as described below), the board considers it to be in the interest of the Company to accept the terms offered.

(ii) The Company’s limited financing alternatives justify the terms. The board has carefully evaluated all available financing options. A rights issue is not a viable alternative due to the 28.7 per cent subscription rate in the recent Q3 2025 rights issue and the current regulatory impossibility of obtaining underwriting guarantees. Bank financing or other debt instruments are also not available to the Company given its development stage and the absence of revenue-generating operations. Failing to raise capital at this time would jeopardise the Company’s ability to continue advancing its projects and could result in significantly greater value destruction for existing shareholders.

(iii) The current market price may not be fully representative of the share’s long-term value. The Company’s share is characterised by low daily trading volumes and high volatility. Over the past twelve months, the share price has ranged from SEK 0.038 to SEK 0.219, a variation of approximately 476 per cent. The stock’s average daily volume is approximately 13.2 million shares in a company with approximately 883 million shares outstanding, meaning that the daily float traded represents only a fraction of the total shares. In such a low-liquidity micro-cap environment, the spot market price at any given point is susceptible to short-term fluctuations that may not reflect the Company’s fundamental value.

(iv) Discounts are customary for directed issues, particularly for micro-cap companies. On the Swedish market, directed issues are regularly carried out at discounts to the prevailing market price. For micro-cap companies with limited liquidity, larger discounts are commonly required to attract investors and compensate for the absence of preferential rights and the risk inherent in committing a material capital amount to a single illiquid investment.

(v) Significant premium over prior capital raises. The subscription price of SEK 0.09 represents a premium of 50 per cent over the subscription price in the Company’s rights issue completed in September 2025 (SEK 0.06 per share) and is consistent with the exercise price of the warrants of series TO6 exercised in May 2025 (SEK 0.09 per share). Shareholders who participated in these transactions acquired shares at prices at or below the subscription price in the Directed Issue.

Deviation from shareholders’ preferential rights
The reason for deviating from shareholders’ preferential rights is that a directed issue can be carried out with certainty of outcome, more quickly, and at a lower cost compared to a rights issue. Given the Company’s recent experience with the severely undersubscribed rights issue in Q3 2025 (28.7 per cent subscription rate) and the current regulatory obstacles to obtaining underwriting guarantees, the board considers a rights issue to be impracticable. The board notes that three of the four subscribers in the Directed Issue are long term existing shareholders of the Company. The board has specifically considered whether this raises concerns from an equal treatment perspective, and has concluded that it does not, for the following reasons: (a) the existing shareholders are subscribing on exactly the same terms as the German investor; (b) their participation was essential to achieve the total issue amount, as no alternative group of investors was willing to commit the required capital; and (c) all existing shareholders were given the opportunity to participate in the Company’s rights issue in Q3 2025 at the lower subscription price of SEK 0.06 per share. The board has concluded that the issue, on the proposed terms, is predominantly beneficial for the Company and the shareholder collective. Although the subscription price represents a discount to the current market price, the board considers that the alternative – i.e. not raising capital at this time – would be significantly more detrimental to all shareholders, as it would jeopardise the Company’s ability to continue its operations and advance its projects.

Through the Directed Issue, the number of shares in the Company increases by 25,550,359 shares, corresponding to a dilution of approximately 3 per cent of the number of shares and votes, calculated based on the number of shares in the Company after registration of the conversion described above but before registration of the Directed Issue.

The board’s intention to propose a directed issue to the Chief Executive Officer, which it will convert into shares by way of set-off,

In the notice convening the extraordinary general meeting, the board intends to propose that the general meeting resolves on a directed issue of shares to the Company’s Chief Executive Officer, Roberto Garcia Martinez (the “CEO Issue”)

Principal terms of the proposal

• Number of new shares: 53,295,593

• Subscription price: SEK 0.09 per share (the same as in the Directed Issue)

• Capital contribution: Approximately SEK 4,796,603.37 before transaction costs

• Payment method: Set-off of the CEO’s outstanding claims against the Company

Background and rationale for the CEO Issue
The CEO Issue is intended to convert outstanding liabilities of SEK 4,796,603.37 owed by the Company to the CEO into newly issued shares. The board considers this to be a good opportunity to reduce the Company’s indebtedness without requiring any cash expenditure, thereby strengthening the Company’s balance sheet and financial position.

The board considers that the CEO Issue, if resolved by the general meeting, is in the interest of the Company and all shareholders for the following reasons:

(i) Reduction of indebtedness. The CEO Issue eliminates outstanding liabilities from the Company’s balance sheet without any cash payment. This directly improves the Company’s financial ratios and frees up liquidity for operational purposes, which is particularly valuable for a company in the development phase.

(ii) Alignment of interests. By converting claims into equity, the CEO assumes the same risk and upside as all other shareholders. This creates a strong alignment of interests between the Company’s management and its shareholder base and demonstrates the CEO’s personal confidence in the Company’s future prospects and long-term strategy.

(iii) Positive signal to the market. The CEO is voluntarily converting a certain claim (a right to cash payment) into an uncertain one (equity), effectively investing in the Company’s future. The board believes this sends a strong positive signal to existing and potential shareholders about the Company’s outlook.

Reasons for the subscription price in the CEO Issue
The subscription price in the CEO Issue is SEK 0.09 per share, which is identical to the subscription price in the Directed Issue to external investors. The board acknowledges that this represents a significant discount to the current market price. The board has nevertheless concluded that the subscription price is justified for the following reasons, in addition to those stated above:

(i) Same price as independent external investors. The CEO receives shares on exactly the same terms as the external investors in the Directed Issue. There is no preferential treatment; the price has been determined through arm’s length negotiations with unrelated third parties.

(ii) Nature of the transaction: debt conversion, not a discounted purchase. The CEO Issue is a conversion of accrued liabilities, not a purchase of shares at a discounted price. The CEO has already rendered services or advanced funds to the Company and is now electing to convert those claims into equity at a price consistent with third-party transactions. In debt-to-equity conversions, it is standard market practice to apply a price that reflects a discount to the prevailing market price, as the creditor is exchanging a certain claim for an uncertain equity position.

(iii) Consistent with the Company’s transaction history. The price of SEK 0.09 is consistent with, or at a premium to, subscription prices in the Company’s capital raises over the past twelve months: the rights issue of September 2025 (SEK 0.06), the exercise of warrants of series TO6 in May 2025 (SEK 0.09), and the Fenja Capital conversion of February 2026 (SEK 0.09).

Governance and shareholder protection
As the CEO Issue constitutes a directed issue of shares to a related party, it is subject to the requirements of the Swedish Companies Act (2005:551). Accordingly, the resolution requires the approval of shareholders representing at least nine-tenths of both the votes cast and the shares represented at the general meeting. This supermajority requirement provides the highest level of protection for minority shareholders and ensures full transparency. The CEO will not participate in the vote on the CEO Issue. The CEO Issue is conditional upon a resolution by the general meeting and will, if resolved, be registered with the Swedish Companies Registration Office (Bolagsverket).

Combined effect of the issues
The summary below is intended to illustrate the combined effect of (i) the Directed Issue, and (ii) the proposed CEO Issue, provided that all measures are implemented and registered.

• Number of shares before all measures: 883,523,421

• Number of shares after all measures: 962,369,373

• Share capital after all measures: Approximately SEK 1,316,806.48

• Total dilution for existing shareholders: approximately 9%

Extraordinary general meeting and continued disclosure
The Company will publish notice convening the extraordinary general meeting through a separate press release. The extraordinary general meeting is intended to consider the board’s proposal regarding the CEO Issue.

• Planned date for publication of the notice: 26 February 2026

• Planned date for the extraordinary general meeting: 18 March 2026

Important information
This press release does not constitute an offer to subscribe for or acquire shares in Eurobattery Minerals. Any invitation to the persons concerned to subscribe for shares in Eurobattery Minerals will only be made through the notice convening the extraordinary general meeting, which will be published separately.

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.

Background
On 27 November 2024, the Company issued convertible instruments to Fenja through a directed issue, totalling SEK 2,500,000. Fenja has now elected to convert half of its holding, corresponding to a nominal value of SEK 1,250,000, into newly issued shares at a conversion price of SEK 0.09 per share (as recalculated following the Company’s completed rights issue). Following this conversion, Fenja holds convertible instruments with a remaining nominal value of SEK 1,250,000, which may be converted at the same price of SEK 0.09 per share.

“This is a positive step for Eurobattery Minerals. By converting half of our outstanding convertible instruments, we have significantly reduced our external debt and strengthened our balance sheet. The Company continues to advance towards a cleaner financial foundation, fully focused on our critical minerals projects and delivering long-term value for our shareholders. At a time when the European Union is introducing a battery of initiatives to urgently secure the supply of critical and strategic raw materials, we are well positioned to capitalize on the growing European demand for domestically sourced minerals,” said Roberto García Martínez, Chief Executive Officer, Eurobattery Minerals AB.

Key terms and effects of the conversion

• Nominal amount converted: SEK 1,250,000
• New shares issued: 13,888,889
• Total shares after conversion: 883,523,412
• Remaining convertible debt: SEK 1,250,000

Strategic significance
The conversion of 50% of the outstanding convertible debt represents an important step in Eurobattery Minerals´ financial consolidation. By reducing its external debt instruments, the Company achieves several key benefits:

• A cleaner and stronger balance sheet, with convertible obligations reduced by half and less dilution uncertainty ahead.
• Enhanced financial transparency for shareholders and the investment community, with a clear and predictable path for the remaining convertible instruments.
• Greater strategic flexibility to pursue value-creating opportunities, including project development and potential partnerships, from a position of financial strength.
• A clear signal of the Company’s disciplined approach to capital structure management.

Dilution Effect
The conversion results in the issuance of 13,888,889 new shares, corresponding to a dilution of approximately 1.6 per cent relative to the total number of shares following the conversion (883,523,412 shares). The remaining convertible instruments (SEK 1,250,000) may result in the issuance of up to an additional 13,888,889 shares if fully converted at the current conversion price of SEK 0.09 per share.

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.

Background
On 27 November 2024, the Company issued convertible instruments to Fenja through a directed issue. Fenja has now elected to convert its entire remaining holding, corresponding to a nominal value of SEK 1,250,000, into newly issued shares at a conversion price of SEK 0.09 per share (as recalculated following the Company’s completed rights issue). Following this conversion, Fenja holds no remaining convertible instruments in the Company.

“This is an important step for Eurobattery Minerals. By completing the conversion of our final outstanding convertible instruments, we have eliminated all external debt from our balance sheet. The Company now stands on a clean financial foundation, fully focused on advancing our critical minerals projects and delivering long-term value for our shareholders. At a time when the European Union is introducing a battery of initiatives to urgently secure the supply of critical and strategic raw materials, we are well positioned to capitalize on the growing European demand for domestically sourced minerals,” said Roberto García Martínez, Chief Executive Officer, Eurobattery Minerals AB.

Key terms and effects of the conversion
• Nominal amount converted: SEK 1,250,000
• New shares issued: 13,888,889
• Total shares after conversion: 883,523,412
• Remaining convertible debt: SEK 0 (none)

Strategic significance
The elimination of all convertible debt represents an important step in Eurobattery Minerals´ financial consolidation. By removing the final remaining external debt instruments from its balance sheet, the Company achieves several key benefits:

• A cleaner and stronger balance sheet, free from convertible obligations and associated dilution uncertainty.
• Enhanced financial transparency for shareholders and the investment community, with no further conversion-driven share issuances expected.
• Greater strategic flexibility to pursue value-creating opportunities, including project development and potential partnerships, from a position of financial strength.
• A clear signal of the Company’s disciplined approach to capital structure management.

Dilution Effect
The conversion results in the issuance of 13,888,889 new shares, corresponding to a dilution of approximately 1.6 per cent relative to the total number of shares following the conversion (883,523,412 shares). Importantly, this conversion was already anticipated by the market and no further dilutive instruments remain outstanding.

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.

“2025 was a defining year for Eurobattery Minerals. We strengthened our Finnish battery mineral platform through strategic industrial partnerships, new exploration permits and zoning approval, while simultaneously taking a decisive step into near-term tungsten production in Spain. Our entry into San Juan, the appointment of Agne Ahlenius, and the 30-year licence extension until 2055 mark our transition toward becoming a production-oriented mining company with real revenue visibility. At the same time, our agreements with ABB and Terrafame demonstrate our commitment to responsible mining, technological excellence, and European value chains. We are building resilient operations designed to supply critical raw materials from Europe, for Europe — under the highest environmental and social standards,” says Roberto García Martínez, CEO of Eurobattery Minerals AB.

Strategic and operational highlights in 2025

• In March 2025, Eurobattery Minerals’ wholly owned subsidiary FinnCobalt Oy signed a Letter of Intent with ABB Oy regarding electrification, instrumentation, automation, and digitalization (EIAD) for the Hautalampi project. The agreement establishes a framework for technological evaluation and potential long-term collaboration to support modern and responsible mining operations.
• On 19 May 2025, FinnCobalt Oy signed a non-binding Memorandum of Understanding with Terrafame Ltd to evaluate refining 100% of the nickel-cobalt concentrate from the Hautalampi project at Terrafame’s facilities. The collaboration supports domestic processing and responsible European battery mineral value chains.
• At the end of May, the City Council of Outokumpu approved the detailed zoning plan for the Hautalampi battery mineral project in Finland. The decision represents the final step in the zoning process and provides the necessary framework for building permits, significantly de-risking the project and reinforcing strong local support.
• On 14 July 2025, Eurobattery Minerals entered an agreement to acquire 51 per cent of Tungsten San Juan S.L. for EUR 1.5 million. The investment enables near-term tungsten production in Galicia and marks the Company’s transition toward cash-flow generation, with production and positive cash flow expected in the near future.
• On 21 July 2025, Eurobattery Minerals appointed Agne Ahlenius as Managing Director to lead the San Juan tungsten project in Galicia, Spain. With more than 35 years of international mining experience, including leadership of the Barruecopardo tungsten mine, he strengthens operational execution and responsible development of the project.
• At the end of November, Eurobattery Minerals secured a 30-year extension of its San Juan mining license in Galicia, Spain, extending validity to 2055. The approval strengthens long-term project stability, confirms institutional support for responsible mining, and enables continued project development toward planned tungsten production.

Key financial figures for Q4 2025

• Net sales amounted to SEK 0 thousand (Q4 2024: SEK 0 thousand).
• Operating profit/loss after financial items totalled SEK -5,834 thousand (Q4 2024: SEK –7,999 thousand).
• Earnings per share after financial items before dilution amounted to SEK -0.007 (Q4 2024: SEK -0.05).
• Earnings per share after financial items after dilution amounted to SEK -0.007 (Q4 2024: SEK -0.02).
• Cash flow from operating activities was SEK -3,046 thousand (Q4 2024: SEK -14,364 thousand).

Detailed financial information
The year-end report for 2025 of Eurobattery Minerals AB is available for download at the Company’s website and can be viewed in the attachment of the release (see below).

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 third quarter of 2025 was characterized by strategic progress and expansion. The agreement to acquire a majority stake in the San Juan wolfram mine represents an important step in diversifying our mineral portfolio and strengthening our position in Spain and in Europe. Eurobattery Minerals is now entering a new phase of growth, transitioning from a pure exploration company to one combining exploration and extraction. This marks a key milestone in our strategy to deliver responsibly sourced minerals essential for Europe’s sustainability transition. We continue to advance our ESG commitments, with a strong focus on environmental management, transparency, and local engagement to ensure our operations create long-term value for both stakeholders and communities,” comments Roberto García Martínez, CEO of Eurobattery Minerals, regarding the third quarter of 2025.

Strategic and operational highlights Q3 2025

• We take another important step with the Hautalampi project by submitting the requested supplementary documentation for the EPA.
• Eurobattery Minerals signs an agreement with Tungsten San Juan S.L. to enter a majority stake in the San Juan wolfram mine in Galicia, Spain.
• The company signs former CEO of leading Spanish wolfram project for Tungsten San Juan.
• We continue the work at the San Juan Project in Galicia and commences archaeological studies.
• Eurobattery Minerals sends tungsten ore from the San Juan mine for metallurgical testwork.

Key financial figures for Q3 2025

• Net sales amounted to SEK 0 thousand (Q3 2024: SEK 0 thousand).
• Operating profit/loss after financial items totalled SEK -4,414 thousand (Q3 2024: SEK -4,464 thousand).
• Earnings per share after financial items before dilution amounted to SEK -0.01 (Q3 2024: SEK -0.04).
• Earnings per share after financial items after dilution amounted to SEK -0.005 (Q3 2024: SEK -0.03).
• Cash flow from operating activities was SEK -9,587 thousand (Q3 2024: SEK 269 thousand).

Detailed financial information
The Q3 report for 2025 of Eurobattery Minerals AB is available for download at the Company’s website and can be viewed in the attachment of the release (see below).

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/

Eurobattery Minerals has entered into an agreement with Mangold Fondkommission AB regarding the provision of liquidity services. Mangold Fondkommission AB will assume the role of Liquidity Provider as of 17 October 2025.