Eurobattery Minerals receives approximately SEK 5.1 million through warrant redemption

Stockholm, 22 May 2024 – The mining company Eurobattery Minerals AB (Nordic Growth Market: “BAT” and Börse Stuttgart: “EBM”; in short: “Eurobattery Minerals” or the “Company”) carried out a rights issue of units with subscription period from 8 January to 22 January 2024, consisting of shares and warrants of series TO4 and TO5 (the “Rights issue”). Those who subscribed in the Rights issue during the subscription period thereby received for each (1) unit two (2) new shares in the Company and one (1) warrant of series TO4 (the “Warrant of series TO4”) as well as one (1) warrant of series TO5. Each (1) Warrant of series TO4 entailed the right to subscribe for one (1) new share in Eurobattery Minerals at a subscription price of SEK 0.40 per share. The subscription period for Warrants of series TO4 commenced on 7 May and extended until 21 May 2024, and a total of 12,776,891 Warrants of series TO4 were used for subscription of shares in the Company, corresponding to a subscription rate of approximately 38.4 per cent. The Company will thereby receive proceeds of approximately SEK 5.1 million before set-off of approximately SEK 1.0 million and issue costs. The issue proceeds are intended to be used to finalise the acquisition of FinnCobalt Oy as well as for continued work in the Finnish Hautalampi battery minerals project.