Eurobattery Minerals AB (NGM; “BAT”), a growth company in the mineral exploration industry with a corporate vision to help Europe become self-sufficient in ethical battery minerals today announces that Martin Boldt-Christmas has decided to step down from his position as member of the board and thus he is no longer available for re-election at the Annual General Meeting on June 17. 

– The company has changed fundamentally since Martin joined the board and we thank him for his support, hard work and leadership, said Roberto García Martínez, CEO at Eurobattery Minerals.

Martin has been a member of the board since 2018 as a representative for the shareholder Marbury Ridge Ltd. During his tenure the company has built a solid management team, defined its current strategy, broadened the shareholder base and expanded operations from Sweden to also include Spain and Finland.

– It has been a true privilege to work with the company and its management team. Roberto has done a remarkable job and I’m confident that he and the management team will continue to take the company to the next level and beyond, said Martin Boldt-Christmas.

Martin will leave his role as member of the board on the 17th of June, 2020.

For further information, please contact:

Roberto García Martínez, CEO

Email: roberto@eurobatteryminerals.com

This information is of the kind that the Company is required to disclose in accordance with the EU’s Market Abuse Regulation. The information was issued for publication through the agency of the contact person set out above on 12th of June 2020 at 15:00 CEST.

Eurobattery Minerals in brief

Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Finland, Spain and northern Sweden. The company has two mining licenses and eight exploration licenses. The headquarters is located in Stockholm. 

Augment Partners AB, tel. +46 8 505 651 72, email: info@augment.se is Eurobattery Minerals’ Mentor

Eurobattery Minerals AB (NGM Nordic SME: “BAT”; the “Company”), a growth company in the mining and exploration industry, closes the investment and shareholders agreement that was entered into on 11 may 2020. The investment and shareholders agreement includes an option for a staged acquisition of 100 per cent of the shares in Vulcan Hautalampi Oy (“VHOy”). The Company paid €0.05M in cash and €0.2M in BAT shares at the closing in consideration for the options to acquire VHOy.

The consideration in BAT shares is made at a price of €200,001 and is paid a 100 percent through the seller’s claim towards the Company, which is set off against payment for 150,663 BAT shares subscribed by the sellers in a directed issue. The shares are issued at an amount of SEK 14.01307 per share, which corresponds to the volume-weighted average price quote on Nordic SME for the Company’s share during ten days prior to the general meeting’s resolution to issue the shares.

All three sellers have entered into a lock-up agreement with the Company. The lock-up period starts today (27 may 2020) and ends on the date falling 270 days after the subscription of the directed issue.

More information regarding the investment and shareholders agreement is available in the press release that was made public on 11 may 2020.

For further information, please contact:

Roberto García Martínez, CEO

E-mail: roberto@eurobatteryminerals.com

Website: https://investors.eurobatteryminerals.com//en/

This information is the sort of information that the company is obliged to disclose under the EU market abuse regulation. The information was submitted by the above contact person for publication on 27 May 2020 at 12:45 CEST.

Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The Company has one mining licence and eight exploration licences. The headquarters are located in Stockholm.

Augment Partners AB, email: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor

The shareholders of Eurobattery Minerals AB held an Extraordinary General Meeting on 27 May 2020 in Stockholm at which the following main resolutions were passed.

Directed issue

The Meeting decided to increase the company’s share capital by not more than SEK 150,663 through the new issue of not more than 150,663 shares, disapplying shareholders’ preferential rights, in accordance with the Board’s proposal. Alandra Oy, Kiviralli Oy and Tetra Ekberg Oy are entitled to subscribe for issued shares.

New issue of units with preferential rights for the company’s shareholders

The Meeting decided to increase the company’s share capital by not more than SEK 5,816,814 through the new issue of not more than 1,938,938 units, with preferential rights for the company’s shareholders, in accordance with the Board’s proposal. One unit right will be received for every five existing shares held on the record date of 25 June 2020. One unit right entitles the holder to subscribe for one unit consisting of two new shares and one new warrant. The subscription price is SEK 24 per unit.

Stockholm, 27 May 2020 Eurobattery Minerals AB (publ) The Board of Directors

For further information, please contact:

Roberto García Martínez, CEO

E-mail: roberto@eurobatteryminerals.com

Website: https://investors.eurobatteryminerals.com//en/

This information is the sort of information that the company is obliged to disclose under the EU market abuse regulation. The information was submitted by the above contact person for publication on 27 May 2020 at 12:45 CEST.

Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The Company has one mining licence and eight exploration licences. The headquarters are located in Stockholm.

Augment Partners AB, email: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor

Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The Company has one mining licence and eight exploration licences. The headquarters are located in Stockholm.

Augment Partners AB, email: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor

Eurobattery Minerals AB (NGM; “BAT”), a growth company in the mineral exploration industry with a corporate vision to help Europe become self-sufficient in ethical battery minerals, today publish its annual report for 2019.

Eurobattery Minerals AB’s annual report for 2019 is attached to this press release and is available to download from the Company’s website: https://investors.eurobatteryminerals.com//en/economic-reports/

For further information, please contact:

Roberto García Martínez, CEO

Email: roberto@eurobatteryminerals.com

Eurobattery Minerals in brief

Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The company has one mining license and eight exploration licenses. The headquarters is located in Stockholm. 

Augment Partners AB, tel. +46 8 505 651 72, email: info@augment.se is Eurobattery Minerals’ Mentor

First quarter 2020 (same period previous year)

• Net sales amounted to SEK 0 (SEK 0).
• Operating income after depreciation/amortisation and financial items totalled KSEK -2,248 (KSEK -2,104)
• Earnings per share after depreciation/amortisation and financial items amounted to SEK -0.23 (SEK -0.08).
• Cash flow from operating activities was KSEK -1,564 (KSEK -1,564).

Significant events during the period

• The Company received the final assay results during the reporting period following completion of a 4 hole, 998m drill programme in the fourth quarter of 2019 at the Castriz prospect, which is part of the Corcel Ni-Co-Cu Project in NW Spain.
• Exploration Activities have confirmed there to be large areas of ultramafic rock with elevated nickel contents. The anomalous area extends for over 700m in strike and over 700m in width. Assay highlights from the four drill holes included:
• 69m @ 0 30% Ni, 0.04% Cu & 0.01% Co from 78m (19DD0001)
• 24.5m @ 0.30%0 Ni, 0.12% Cu & 0.01% Co from 14.5m (19DD0002)
• 75m @ 0.24% Ni, 0.04% Cu & 0.01% Co from 131.5m (19DD0003)
  • including 9m @ 0.44% Ni, 0.14% Cu & 0.02% Co from 191.5m
• 28.8m @ 0.20% Ni, 0.14% Cu & 0.01% Co from 6.8m (19DD0004)
• Mineral identification and speciation studies have commenced on drill core from Castriz to determine the potential for extraction of nickel using sustainable and conventional methods. Final results of the mineral studies are anticipated in early Q2 2020.
• Collaboration with Uppsala University and the AGH University of Science and Technology in Krakow on the vanadium potential of rock sequences at the Fetsjön project in Västerbotten determined the host mineral to be a variety of rutile. Planning is now underway to determine the potential for sustainable extraction of the vanadium.
• The Company has been pre-selected to take part in the EU project S3-MINE. S3-MINE’s main objective is the development and implementation of a mining pilot at 10 different facilities in 6 different EU countries. The aim is to demonstrate the feasibility of innovative digital technologies throughout the mining life cycle as a powerful tool to increase efficiency, selectivity and profitability of the mining operations, while minimising environmental impacts and associated health & safety issues. As a pre-selected member in the S3-MINE project, the Company can apply for monetary funding from a fund assigned to this project.
• The Company is safely managing its activities and financial position during the current challenging conditions associated with COVID-19. Progress on the Company’s projects has not been impacted as activities consist primarily of desktop studies. Third-party laboratory operators are able to process analytical test work with minimal delays.

Significant events after the period

• The Company announced the preliminary results from nickel sulphide mineral tests on mineralised samples from recent drilling at Castriz prospect in Galicia, northern Spain. Analytical methods that distinguish between nickel in sulphide minerals and nickel in non-sulphide minerals determined that on average 87% of the whole rock nickel assay previously reported is sourced from nickel sulphide minerals.
• The Company has signed an investment and shareholders agreement including an option for a staged acquisition of 100 per cent of the shares in Vulcan Hautalampi Oy, 100 per cent owner of the Hautalampi Nickel-Cobalt-Copper Project, in eastern Finland.
• The Board of Directors of BAT has proposed to an Extraordinary General Meeting on 27 May 2020 to carry out a rights issue of at most 1,938,938 units (the “Rights issue”). One (1) unit consists of two (2) shares and one (1) warrant (the “Unit”).  The subscription price of a Unit is SEK 24.00, whereby BAT upon full subscription in the Rights issue would obtain approximately SEK 46.5 million before issue costs. Every five (5) existing shares entitle to one (1) unit right and one (1) unit right entitles to subscribe for one (1) unit. The subscription period runs during 29 June – 14 July 2020. The Rights issue is secured to SEK 23.3 million by subscription commitments of SEK 6.0 million, e.g. from the Company’s CEO, and the remaining part by underwriting commitments.

Summary of CEO comments:

• As a result of the COVID-19 pandemic the Company adapted its working methods to continually run the different projects, now remotely. The Company completed all current field activities ahead of the pandemic and have all employees and consultants in good health and at their homes.
• We continue to evaluate the drilling results and the implications for mineral deposits at Castriz and the wider Corcel Project, including the Monte Mayor and Monte Castello prospects.
• Mineral studies conducted by Uppsala University and the AGH University of Science & Technology in Krakow on the vanadium potential at BATs project Fetsjön in Västerbotten in Sweden have advanced our understanding of source of the vanadium. Next step is to assess the technical and economic implications of this.
• During the quarter we become a partner in the S3-MINE pilot programme, a European union project in support of sustainable mining. Specifically, BAT’s Fetsjön project in Västerbotten, Sweden, has qualified for support.
• We are focused on advancing our projects and also expanding our footprint in the exploration and mining of raw materials, and as such be the foundation for the European EV battery industry.

Eurobattery Minerals AB Interim Report January – March 2020 is attached to this press release and is available to download from the Company’s website:

https://investors.eurobatteryminerals.com//en/economic-reports/

For further information, please contact:

Roberto García Martínez, CEO

Email: roberto@eurobatteryminerals.com

This information is of the kind that the Company is required to disclose in accordance with the EU’s Market Abuse Regulation. The information was issued for publication through the agency of the contact person set out above on 20th of May 2020 at 08:00 CEST.

Eurobattery Minerals in brief

Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The company has one mining license and eight exploration licenses. The headquarters is located in Stockholm. 

Augment Partners AB, tel. +46 8 505 651 72, email: info@augment.se is Eurobattery Minerals’ Mentor

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PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL, BE SUBJECT TO LEGAL RESTRICTIONS OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES

The Board of Directors of Eurobattery Minerals AB (NGM Nordic SME: “BAT”; the “Company”) has proposed to an Extraordinary General Meeting on 27 May 2020 to carry out a rights issue of at most 1,938,938 units (the “Rights issue”).
One (1) unit consists of two (2) shares and one (1) warrant (the “Unit”).  The subscription price of a Unit is SEK 24.00, whereby BAT upon full subscription in the Rights issue would obtain approximately SEK 46.5 million before
issue costs. Every five (5) existing shares entitle to one (1) unit right and one (1) unit right entitles to subscribe for one (1) unit. The subscription period runs during 29 June – 14 July 2020. The Rights issue, upon full
subscription, would increase the number of shares in the Company with 3,877,876, not taking into account the effect of the warrants and of the 750,000 consideration shares that will be issued before the record date of the Rights
issue to the existing shareholders of Vulcan Hautalampi Oy (“VHOy”), valued at EUR 200 thousand in total (the “Consideration shares”). In addition, the warrants issue could increase the number of shares in the Company with at most
1,938,938, not taking into account the effect of the Consideration shares. The proceeds from the Rights issue will be used to finance mining activities in Spain and the mining activities in connection to the option to acquire VHOy.
A notice to the Extraordinary General Meeting will be announced through a separate press release. The Rights issue is secured to SEK 23.3 million by subscription commitments of SEK 6.0 million, e.g. from the Company’s CEO, and the
remaining part by underwriting commitments.

The Rights issue in brief

• Approximately SEK 46.5 million before transaction costs is expected to be raised in the Rights issue if fully subscribed, not taking into account the effect of the Consideration shares. The proceeds from full subscription of the
  warrants, provided full subscription in the Rights issue, could amount to at least SEK 23.3 million and at most approximately SEK 34.9 million, not taking into account the effect of the Consideration shares.
• The Rights issue is secured to 50 per cent through subscription commitments and external underwriters before the effect of the Consideration shares.
• Shareholders will receive one (1) unit right (the “Unit right”) for every five (5) shares held on the record date. One (1) Unit right entitles the holder to subscribe for one (1) Unit. One (1) Unit consists of two (2) new shares and
  one (1) warrant.
• The record date for the Rights issue will be 25 June 2020 with the last day of trading including the Unit rights is 23 June 2020 and the first day of trading excluding the Unit rights is 24 June 2020.
• The subscription price is SEK 24.00 per Unit. The subscription period for the Rights issue (the “Subscription period”) is expected to commence on 29 June and it is expected to end on 14 July 2020.
• The subscription price for the shares that can be subscribed based on the warrants will be defined based on the 10 days volume weighted average price of the Company’s shares on the NGM Nordic SME commencing on 21 September 2020 and
  ending on 2 October 2020 with a 30 per cent discount. However, the subscription price shall not be less than SEK 12.00 per share nor higher than SEK 18.00 per share.
• Each warrant will give the right to subscribe for one (1) new share during the period 5-16 October 2020.
• Net proceeds from the Rights issue will be used to finance mining activities in Spain and some of the mining activities in connection to the option to acquire the VHOy.

Reasons for the Rights issue and use of proceeds

BAT is a mining exploration company listed on NGM Nordic SME. The Company conducts targeted mineral exploration in Europe and has a strategy of finding mining and exploration projects, which have good potential according to the Company.
The Company is focusing on commodities leveraging the EV industry (e.g. nickel, copper and cobalt). BAT sees a shift in demand for battery metals and wants to provide Europe with ethical and fully traceable minerals for the electric
revolution.

The Company has signed an investment and shareholders agreement including an option for a staged acquisition of 100 per cent of the shares in VHOy, 100 per cent owner of the Hautalampi Nickel-Cobalt-Copper Project, in eastern Finland.
The option to acquire VHOy is a further step in building a high-quality exploration and production company with several projects in different stages of advancement throughout Europe. Today, the Company has seven exploration permits for
rare earth metals in Sweden and the Corcel project located in La Coruña and the Bibi project located in Ourense, Galicia, northwest Spain.

The proceeds from the Rights issue will be used to finance mining activities in both Corcel, Spain, and the mining activities in connection to the option to acquire the VHOy.This acquisition is an important milestone for BAT as it
accelerates the Company’s business strategy and shortens the time to being a producer.

“We are very pleased to have secured financing for continued mining activities in both the Corcel and Hautalampi projects to enable us to complete feasibility studies for both the projects during 2021”, CEO Roberto Garcia.

Terms of the Rights issue

The Board of Directors of the Company has proposed that an Extraordinary General Meeting on 27 May 2020 decides to carry out a Rights issue of at most 1,938,938 units, not taking into account the effect of the Consideration shares, for
subscription in accordance with the shareholders’ preferential subscription rights, subject to the approval of the Extraordinary General Meeting on 27 May 2020. The main terms for the Rights issue are presented below.

• Persons registered as shareholders on the record date 25 June 2020 will be given one (1) Unit right for every five (5) shares held in the Company. One (1) Unit right will entitle the holder to subscribe for one (1) Unit.
• The Unit rights will be traded on NGM Nordic SME commencing on 29 June 2020 and ending on 10 July 2020.
• After subscription, interim units (the “Interim units”) corresponding to the Units subscribed for on the basis of Unit rights will be registered on the subscriber’s VP account or nominee account.
• The shares and warrants will be entered into the subscriber’s VP account once they have been registered with the Companies Registration Office, tentatively during week 33, 2020.
• Trading in the Interim units is planned commence on NGM Nordic SME on 29 June 2020.
• The record date for the Rights issue is planned to be 25 June 2020 with the last day of trading including the Unit rights on 23 June 2020 and the first day of trading excluding the Unit rights on 24 June 2020.
• The subscription price is SEK 24.00 per Unit. The Subscription period for the Rights issue commences on 29 June and ends on 14 July 2020.
• The subscription price for shares that can be subscribed on the basis of warrants will correspond to the volume weighted average price of the Company’s shares on NGM Nordic SME commencing on 21 September 2020 and ending on 2 October
  2020 with a 30 per cent discount. However, the subscription price shall not be less than SEK 12.00 per share nor higher than SEK 18.00 per share.
• Each warrant entitles the holder to subscribe for one (1) new share during the period 5-16 October 2020.
• The dilution for current shareholders from the Rights issue, upon full subscription, amounts to approximately 28.6 per cent, not taking into account the effect of the Consideration shares. The dilution for current shareholders from
  the warrants, upon full subscription, amounts to approximately 12.5 per cent, not taking into account the effect of the Consideration shares. The dilution for current shareholders not participating in the Rights issue or Warrant
  issue, will be diluted by approximately 37.5 per cent before the effect of the Consideration shares.

Subscription and underwriting commitments

The Rights issue is secured to SEK 23.3 million by subscription commitments of SEK 6.0 million, e.g. from the Company’s CEO, and the remaining part by underwriting commitments. External underwriters are entitled to receive their
underwriting compensation either in cash amounting to ten (10) per cent of underwritten amount, or the equivalence of twelve (12) per cent of the underwritten amount in new shares by setting off the underwriting compensation against the
subscription price in a directed issue to be arranged if needed after the Rights issue.

Indicative timetable

Advisers

Augment Partners AB is acting as financial advisor to the Company in the Rights issue. Bird & Bird Advokat KB is acting as the legal adviser to the Company.

For further information, please contact:

Roberto García Martínez, CEO

Email: roberto@eurobatteryminerals.com

This information is of the kind that the Company is required to disclose in accordance with the EU’s Market Abuse Regulation. The information was issued for publication through the agency of the contact person set out above on May 11,
2020 at 08:00 CEST.

Eurobattery Minerals in brief

Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain
and northern Sweden. The company has one mining license and eight exploration licenses. The headquarters is located in Stockholm.

Augment Partners AB, tel. +46 8 505 651 72, email: info@augment.se is Eurobattery Minerals’ Mentor.

Important information

Publication or distribution of this press release may in some jurisdictions be subject to statutory and legal restrictions and persons in those jurisdictions where this press release has been published or distributed should inform
themselves about and observe such restrictions. The information in this press release does not constitute an offer to acquire, subscribe or otherwise trade in shares or other securities in Eurobattery Minerals.

This press release does not constitute an offer to acquire securities in the United States. The securities mentioned herein may not be sold in the United States without registration in accordance with The Securities Act of 1933 or
without the application of an exception to such registration. The information in this press release may not be released, published, reproduced or distributed in or to the United States, Australia, Canada, New Zealand, Hong Kong, Japan,
Switzerland, Singapore, South Africa, or any other country or jurisdiction where such action is not permitted or such action is subject to legal restrictions or would require further registration or other measures than required by
Swedish law. Measures contrary to this instruction may constitute a breach of applicable securities laws

Eurobattery Minerals AB (NGM Nordic SME: “BAT”; the “Company”), a growth company in the mining and exploration industry, has signed an investment and shareholders agreement including an option for a staged acquisition of 100 per cent of the shares in Vulcan Hautalampi Oy (“VHOy”), 100 per cent owner of the Hautalampi Nickel-Cobalt-Copper Project, in eastern Finland. The option under the Investment and Shareholders Agreement is linked to an obligation to provide successive cash financing for investments in the Hautalampi nickel-cobalt-copper Project (the “Hautalampi Project”). The consideration to be paid by BAT for acquired shares in VHOy and the option premium, and the cash financing to be provided by BAT for the Hautalampi Project amount to approximately €8.6M in total, payable during 48 months. The Board of Directors of the Company has decided, subject the approval of an Extraordinary General Meeting, on a rights issue of units to finance some of the mining activities in connection with the acquisition. For the partial payment of the option premium, the Company will issue new shares to the existing shareholders of VHOy amounting to €0.2M. More information regarding the rights issue of units will be given through a separate press release.

The Hautalampi Project is located at the same site as the famous Keretti (Outokumpu) copper mine (1912-1989). The Hautalampi Ni-Co-Cu orebody is located parallel to and above the exploited copper deposit. Existing surface and underground infrastructure provide significant location advantages in what is already a tier 1 mining jurisdiction.

– This acquisition is an important milestone for Eurobattery Minerals as it accelerates our business strategy and shortens the time to us being producers. As the foundation of the battery value chain we are committed to provide ethically produced and traceable battery minerals from Europe critical for the rapidly growing electric vehicle industry, said Roberto García Martínez, CEO of Eurobattery Minerals.

Key points:

• BAT has acquired an option to acquire VHOy, owner of all the mining rights to the Ni-Co-Cu deposit and 280 hectares of mining concession (approximately 94 per cent of the mining lease area).
• Aggregate consideration for the acquisition of VHOy amount to €6.05M in total, payable in different tranche payments, consisting of €1.35M in cash and €4.70M in BAT shares. Each payment tranche is triggered upon value accretive project milestones.
• The Company pays €0.05M in cash and €0.2M in BAT shares at the closing of the investment and shareholders agreement in consideration for the option to acquire VHOy.
• The Company has the option to invest €2.0M, in the way it sees fit, in the Hautalampi Project during 24 months from the acquisition and an additional €0.5M, in the way it sees fit, during the first 36 months from the acquisition. Approximately €10-15M is estimated to have been invested on the Hautalampi Project by the previous owner so far, including 22,000m of core drilling, a decline and additional underground mine development works, mineral resource and reserve estimations, multiple mineral processing studies and a feasibility study. Previous investment enables BAT to fast-track project to an updated feasibility study status.
• A historical NI 43-101 compliant Mineral Resource Estimate of 3.2Mt @ 0.43% Ni, 0.35% Cu and 0.12% Co. Significant potential for resource upside identified by historical and recent studies.
• The mineral deposit contains nickel and cobalt sulphide minerals and copper sulphide minerals with gold and silver by-products. Processing methods have been investigated and high value concentrates have been produced. Further process test work by Outotec Oyj has demonstrated that a combined nickel-cobalt concentrate can be leached and chemicals suitable for battery industry can be produced.
• Lower risk than exploration project as ore body has already been defined by previous owners. Existing decline and additional underground development totalling 2,100 meters also completed by previous owners. Underground mining permit is also in place. 
• Much of the critical infrastructure is still in place, such as the high voltage power line, concrete foundations for the process plant, roads and the town itself (population 7,700).
• The acquisition is a further step in building a high-quality exploration and production company with several projects in different stages of advancement throughout Europe and thereby provide ethically sourced and traceable battery minerals to the EV industry.

Acquisition terms

The Company has options to acquire 100 per cent of VHOy in a multi-staged transaction in consideration for €6.05M in cash and BAT shares over a 48 months period. The acquisition is structured as follows:

• The Company pays €0.05M in cash and €0.2M in BAT shares – the subscription price for which correspond to the volume weighted average price of the Company’s shares on NGM Nordic SME the 10 trading days immediately prior to 27 May 2020 – for the option to acquire VHOy according to below terms.
  • Tranche 1: The Company has to invest €2.0M, in the way it sees fit, in the Hautalampi Project during 24 months from the acquisition. Once invested, the Company can acquire 40 per cent of VHOy in consideration for €0.25M in cash and €1.0M in BAT shares.
  • Tranche 2: The Company has to invest an additional €0.5M, in the way it sees fit, in the VHOy project during 36 months from the acquisition. Once invested, the Company can acquire an additional 30 per cent of VHOy in consideration for €0.25M in cash and €1.0M in BAT shares.
  • Tranche 3: The Company can acquire the remaining 30 per cent of VHOy in consideration for €0.3M in cash and €1.0M in BAT shares within 48 months from the Acquisition of the option.
• At the announcement of commercial production, the Company will pay the sellers of VHOy €0.5M in cash and €1.5M in BAT shares.
• The sellers of VHOy will have a one (1) per cent net metals royalty, which can be bought by the Company.

The sellers’ shares will be locked-up for nine (9) months from the point in time when new shares are issued to them. There is a drag-along clause at a valuation exceeding €15.0M, where the Company has to sell its shares if the old shareholders decide to sell to another party (this at a point when the Company has invested a maximum of €3.5M).

The Board of Directors of the Company has decided, subject the approval of an Extraordinary General Meeting, on a rights issue of units to finance some of the mining activities in connection with the acquisition. More information regarding the rights issue of units will be given through a separate press release.

The Hautalampi Project

Please see the attached full report for details.

For further information, please contact:

Roberto García Martínez, CEO

E-mail: roberto@eurobatteryminerals.com

Website: https://investors.eurobatteryminerals.com//en/

This information is the sort of information that the company is obliged to disclose under the EU market abuse regulation.

The information was submitted by the above contact person for publication on 11 May 2020 at 08:00 CEST.

Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The Company has one mining licence and eight exploration licences. The headquarters are located in Stockholm.Augment Partners AB, email: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor

Eurobattery Minerals AB (Nordic Growth Market: “BAT”; “the Company”), a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, today announce the preliminary results for sulphide mineral tests at the nickel, cobalt, copper Castriz prospect in Galicia, northern Spain. In the larger Corcel project, Castriz is one of three primary prospect areas together with Monte Mayor and Monte Castello.

Key points:

• Preliminary results received from nickel sulphide mineral tests on mineralised samples from recent drilling at Castriz.
• Analytical methods that distinguish between nickel in sulphide minerals and nickel in non-sulphide minerals determined that on average 87% of the whole rock nickel assay previously reported is sourced from nickel sulphide minerals.
• Nickel from sulphide assay results of up to 0.64% Ni were recorded in the latest tests. Several samples contain nickel from sulphide concentrations of between 0.3-0.4% Ni which is considered to be an economic grade for low-cost, open pit mining.
• Remaining samples from previously announced mineralised intervals are to be submitted for nickel sulphide analysis. Samples have also been submitted for more detailed mineralogy studies and QEMSCAN analysis to determine sulphide species and mineral liberation characteristics.
• Castriz prospect now confirmed as a significant discovery of nickel sulphide minerals, with an extensive prospective area confirmed for over 700m in strike length and approximately 700m in width. The nickel sulphide mineralisation at Castriz commences from surface to a depth of over 200m and remains open along strike and at depth.
• Studies assessing potential mining scenarios at Castriz have commenced. Preparatory works are also underway for 2020 field activities at Castriz and the wider Corcel Project.

In total, 11 samples from three different drill holes from the 2019 Castriz drilling were analysed by ALS Global1 in Perth, Australia, using a methodology applicable for analysing the proportion of nickel in a rock sourced from sulphide minerals. Nickel sulphide, also known as Class 1 nickel, is the preferred mineral for producing the intermediate products required for electric battery applications. The results show that the vast majority of the nickel intersections previously announced from Castriz are sourced from economic nickel sulphide minerals.

– We are extremely happy with the latest test results from the Castriz prospect. With the results in hand we can conclude the proportion of economic nickel sulphide minerals in the ground is high. Going forward, the results provides great confidence for us in realising the full potential of the Corcel project and provide battery minerals, thus being a significant part of the foundation of the battery value chain in Europe.

The attached report contains detailed analysis about the latest assay results.

For further information, please contact:

Roberto García Martínez, CEO

E-mail: roberto@eurobatteryminerals.com

Website: https://investors.eurobatteryminerals.com//en/

This information is the sort of information that the company is obliged to disclose under the EU market abuse regulation. The information was submitted by the above contact person for publication on 04 May 2020 at 08:00 CEST.

About Eurobattery Minerals

Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The Company has one mining licence and eight exploration licences. The headquarters are located in Stockholm.

Augment Partners AB, email: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor.

1 ALS Global is the leading full-service provider of analytical geochemistry services to the global mining industry.

• First results from Eurobattery Mineral’s collaboration with Uppsala University and the AGH University of Science & Technology in Krakow
• According to field studies and microprobe analyses conducted by the scientists from the universities, a certain type of the mineral Rutile is the carrier of vanadium in Eurobattery Mineral’s prospect area in Fetsjön
• Next step in research project is to initiate test to obtain the vanadium in a sustainable way

Eurobattery Minerals AB (NGM; “BAT”), a growth company in the mineral exploration industry with a corporate vision to help Europe become self-sufficient in ethical battery minerals, are pleased to share the results from the preliminary experiments on prospects of vanadium recovery from shales conducted by scientists from Uppsala University and AGH University of Science & Technology in Krakow.

The scientists have conducted both field studies and microprobe analysis of material from Eurobattery Mineral’s prospect area in Fetsjön in Västerbotten located in the Northern parts of Sweden as part of the collaboration that was announced in December 2019.

Previous vanadium, which is a key component in a vast number of electronic equipment including electric vehicles, smart phones and computers, has been identified in the bedrock in the prospect area without detailed knowledge about the specific carrier of the metal. Following the analysis that was carried out on thin section cuts from drill core samples, the scientists can now conclude that a certain type of the mineral Rutile is the carrier of vanadium in Fetsjön.

­– Even if early results, it’s encouraging to see that the scientists have now identified the carrier of the vanadium in our prospecting area in northern Sweden, said Roberto García Martínez, CEO of Eurobattery Minerals. In order to provide ethical and fully traceable minerals and support the electric revolution, it is important that all stakeholders collaborate, why we are looking forward to continue to support this important research project.

The research project continues in accordance with the plan and the next step is to initiate test on sustainable ways to extract vanadium from this specific mineral.

The full report written by Dr. Maciej Manecki at the AGH University of Science & Technology in Krakow and Dr. Jaroslaw Majka at the Uppsala University is attached to this press release.

About Eurobattery Minerals

Eurobattery Minerals is a mineral exploration company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The company has one mining license and eight exploration licenses. The headquarters is located in Stockholm.

Augment Partners AB, e-mail: info@augment.se, phone: +46 8 505 651 72, is the company’s Mentor

For further information, please contact:

Roberto García Martínez, CEO 

roberto@eurobatteryminerals.com

https://investors.eurobatteryminerals.com//en/

Fourth quarter 2019 (same period previous year)

• Net sales amounted to KSEK 0 (0).
• Operating income after depreciation/amortisation and financial items totalled KSEK –2,547 (–1,737).
• Earnings per share after depreciation/amortisation and financial items amounted to SEK -0.26 (–0.58).
• Cash flow from operating activities was KSEK –3,494 (–1,305).

Year of 2019 (same period previous year)

• Net sales amounted to KSEK 0 (0).
• Operating income after depreciation/amortisation and financial items totalled to KSEK –11,808 (–3,483).
• Earnings per share after depreciation/amortisation and financial items amounted to SEK –1.21 (–0.8).
• Cash flow from operating activities was KSEK –12,504 (–1,308).

Significant events during the period

• During the Quarter, the Company completed a 4 hole, 998m drill programme testing several large geochemical and geophysical anomalies previously defined the Castriz prospect, part of its flagship Corcel nickel-cobalt-copper (Ni-Co-Cu) project in northwest Spain.
• Diamond drilling commenced at Castriz on 17 September and was completed on 7 November. Geological logging and geochemical sampling of the drill holes has determined there to be large areas of ultramafic rock with elevated Ni-Co-Cu metal contents. Mineral and rock studies have commenced to determine any potential for economic extraction.
• During the Quarter, the Company completed new samples for petrographic and chemical analysis on our swedish projects and previously found and analyzed bouldes and outcrops have been investigated further.
• The Company welcomed the election of Monia Benbouzid as Chairman. Monia is a market and green tech expert and has held senior roles with several large groups including UN, Green Party, African Union.

Significant events after the period

• The Company released the final results from the remaining two diamond drill holes at Castriz. Results show that the anomalous levels of nickel now intersected for over 700m in strike and 700m in width. This is much larger area then previous analysis and drilling activities indicated
• The Company has been inserted as a partner in the EU project S3-MINE.  S3-MINE main objective is the development and implementation of a mining pilot at 10 different facilities in 6 different EU countries to demonstrate the feasibility of innovative digital technologies throughout the mining life cycle as a powerful tool to increase efficiency, selectivity and profitability of the mining operations while minimizing environmental impacts and associated health & safety issues. As a preselect member in the S3-MINE project the Company can apply for monetary funding from a fund assigned to this project.

Summary of CEO comments:

• During the quarter the Company completed the maiden drilling programme at the Castriz prospect.
• Drilling has confirmed what the historical explorers originally reported and identified that the extensive zone of bedrock with elevated Ni-Co-Cu contents is much larger than previously thought, measuring approximately 700m in strike and up to 700m in width.
• In 2020 the Company will complete the remaining tests at the Castriz prospect needed to assess its economic potential.
• The Company has also commenced planning its 2020 work programme at the Corcel Project and will look to expand the zones of prospectivity to other areas of the project.
• The Company completed new samples for petrographic and chemical analysis on our Swedish projects and previously found and analyzed boulders and outcrops have been investigated further.
• The Company is proud of what it has achieved to-date and continues to implement its strategy to become a European-based mining company targeting extraction of ethical and fully traceable battery minerals which are critical to the EV market in Europe.

Eurobattery Minerals AB’s year-end report January – December 2019 is attached to this press release and is available to download from the Company’s website: https://investors.eurobatteryminerals.com//en/economic-reports/

For further information, please contact:

Roberto García Martínez, CEO

Email: roberto@eurobatteryminerals.com

This information is of the kind that the Company is required to disclose in accordance with the EU’s Market Abuse Regulation. The information was issued for publication through the agency of the contact person set out above on February 26, 2020 at 08:00 CEST.

Eurobattery Minerals in brief

Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The company has one mining license and eight exploration licenses. The headquarters is located in Stockholm. 

Augment Partners AB, tel. +46 8 505 651 72, email: info@augment.se is Eurobattery Minerals’ Mentor

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