Eurobattery Minerals commences subscription period in the rights issue and presents video interview with CEO

Video: Market update – October 2024
The CEO of Eurobattery Minerals, Roberto García Martínez, was interviewed and presented a market update in a video published on 30 October 2024. In the video, which is directed to shareholders, potential investors and other stakeholders, a summary was presented regarding the work carried out in the Finnish battery mineral project Hautalampi during 2024, the Spanish Castriz project in Corcel and the planned development for the near future. The video is available on Eurobattery Minerals´ YouTube channel, https://www.youtube.com/watch?v=r-PVL8VBjyI, and issue website, https://investors.eurobatteryminerals.com/en/rights-issue-2024-2/.

“We have been very active since 2020, when we acquired the Hautalampi battery mineral project, and we just finalised the full acquisition a couple of months ago. We have achieved many milestones over the last years, including applying for the environmental permit which we submitted to the authorities a couple of months ago. Additionally, we have been working closely with the Finnish authorities to monitor our environmental processes. In August, we applied to categorise the project as a European Strategic Project under the new Critical Raw Materials Act. And just a few weeks ago, we closed on a non-binding agreement with Boliden, a large mining group, which poised to buy the entire copper concentrate production from Hautalampi. All these achievements probably make this project one of the most important projects in the Scandinavian countries in decades,” commented the CEO about the Hautalampi project.

The terms in brief

• Subscription price: SEK 0.70 per unit (SEK 0.10 per share, the warrants are obtained free of charge).
• Gross volume: Approximately SEK 35.5 million in the event of a full subscription in the Rights issue, and an additional approximately SEK 10.0 million in the event of full utilisation of the Over-allotment issue.
• Terms: One (1) share held on the record date gives one (1) unit right. Three (3) unit rights entitle to subscription for one (1) unit. One (1) unit consists of seven (7) new shares and four (4) warrants of series TO6.
• Trading in unit rights at NGM Nordic SME: 30 October 2024 – 8 November 2024.
• Subscription period: 30 October 2024 – 13 November 2024.
• Estimated date for announcement of the outcome of the Rights issue: 15 November 2024.
• Commitments: The Rights issue is covered by subscription commitments and underwriting commitments totalling approximately SEK 21.3 million, corresponding to approximately 60.0 per cent. Neither the subscription commitments nor the underwriting commitments are secured by bank guarantees, escrow funds, pledge or similar arrangements.

The terms and conditions of the Rights issue and the Over-allotment issue are included in the Company's EU growth prospectus, which was published on 28 October 2024. The prospectus and subscription form are available on the Company's issue site, https://investors.eurobatteryminerals.com/en/rights-issue-2024-2/, during the subscription period.

Advisers
Augment Partners AB is acting as the financial advisor and Advokatfirman Schjødt is acting as the legal advisor to the Company in connection with the transaction.

IMPORTANT INFORMATION
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons 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 Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus regarding the Rights issue which is described in this press release has been registered by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and is available, among other things, on Eurobattery Minerals´ website.

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.