{"id":8521,"date":"2026-06-18T17:06:52","date_gmt":"2026-06-18T15:06:52","guid":{"rendered":"https:\/\/investors.eurobatteryminerals.com\/?page_id=8521"},"modified":"2026-06-18T17:06:53","modified_gmt":"2026-06-18T15:06:53","slug":"convertible-bond-financing-2026","status":"publish","type":"page","link":"https:\/\/investors.eurobatteryminerals.com\/en\/convertible-bond-financing-2026\/","title":{"rendered":"Convertible Bond Financing 2026"},"content":{"rendered":"\n<div class=\"wh-grid\">\n    <div class=\"wh-hero-clean is-clean\">\n        <header class=\"wh-hero-clean-header is-wider\">\n                            <h1 class=\"wh-hero-clean-header-heading is-statement is-mobile-small is-bold is-black\">\n                    Convertible Bond Financing 2026                <\/h1>\n                    <\/header>\n\n                    <div class=\"wh-hero-clean-image lazyload\" style=\"background-image:inherit\" data-bg-image=\"url(https:\/\/investors.eurobatteryminerals.com\/wp-content\/uploads\/2026\/06\/Road-331_1400x933_web.png)\"><\/div>\n            <\/div>\n<\/div>\n\n\n<div class=\"wh-grid\">\n    <div class=\"wh-storytelling\">\n                    <div class=\"wh-storytelling-content is-flowing\">\n                <h2 class=\"p1\">The convertible bond financing in summary<\/h2>\n<h3 class=\"p2\"><span class=\"s1\"><b>Counterparty<\/b><\/span><span class=\"s2\"><br \/>\n<\/span><\/h3>\n<p class=\"p2\">Loft Structured Opportunities Fund I (\u201cLoft Capital\u201d)<\/p>\n<h3 class=\"p3\"><b>Agreement date<\/b><span class=\"s2\"><br \/>\n<\/span><\/h3>\n<p class=\"p3\"><span class=\"s3\">11 May 2026<\/span><\/p>\n<h3 class=\"p2\"><span class=\"s1\"><b>Financing amount<\/b><\/span><span class=\"s2\"><br \/>\n<\/span><\/h3>\n<p class=\"p2\">The Company has entered into a convertible bond financing agreement with Loft Capital. The financing is available in several tranches and is intended to support the continued development of Eurobattery Minerals\u2019 projects in Finland and Spain.<\/p>\n<p class=\"p2\"><strong>Conversion mechanism<\/strong><br \/>\nUnder the Convertible Bond Agreement, the conversion price at each conversion is determined as the lower of:<\/p>\n<ul>\n<li class=\"p2\">A fixed conversion price of SEK 0.35 per share; and<\/li>\n<li class=\"p2\">100 per cent of the lowest daily volume-weighted average price (VWAP) of the Company\u2019s share during the applicable pricing period.<\/li>\n<\/ul>\n<h3><span class=\"s1\"><b>Conversion Threshold Date<\/b><\/span><\/h3>\n<p><span class=\"s2\"><br \/>\n<\/span>New shares resulting from submitted conversion notices are not registered immediately. Once the aggregate number of shares covered by submitted conversion notices reaches the threshold specified in the agreement (12,500,000 shares), the Company will initiate the corporate actions required to issue and register the new shares.<\/p>\n<h3 class=\"p3\"><b>Facility overview<\/b><\/h3>\n<ul class=\"ul1\">\n<li class=\"li2\">Total committed facility: Up to SEK 60 million<\/li>\n<li class=\"li2\">Provider: Loft Structured Opportunities Fund I (&#8220;Loft Capital&#8221;)<\/li>\n<li class=\"li2\">Structure: Four tranches of SEK 15 million each<\/li>\n<li class=\"li2\">Commitment period: 24 months<\/li>\n<li class=\"li2\">First drawdown: SEK 10 million (11 May 2026)<\/li>\n<li class=\"li2\">Purpose: Project development, working capital and general corporate purposes<\/li>\n<\/ul>\n<h3 class=\"p3\"><b>Background and rationale<\/b><\/h3>\n<p class=\"p2\">Eurobattery Minerals is developing mining projects in Finland and Spain that focus on critical raw materials essential for the sustainability transition and Europe\u2019s strategic autonomy.<\/p>\n<p class=\"p2\">On 11 May 2026, the Company entered into a convertible bond financing agreement with Loft Capital providing access to up to SEK 60 million in committed capital over a period of 24 months.<\/p>\n<p class=\"p2\">The financing is intended to support the continued development of the Company\u2019s project portfolio, including the San Juan tungsten project in Galicia, Spain, and the Hautalampi battery mineral project in Finland. The proceeds may also be used for general corporate and working capital purposes.<\/p>\n<p class=\"p2\">The financing represents an important step in Eurobattery Minerals\u2019 strategy to advance its projects towards production and strengthen Europe\u2019s domestic supply of critical raw materials. In particular, the facility provides financial flexibility to support the planned development of the San Juan tungsten project while continuing the advancement of the Hautalampi project through the permitting and development phases.<\/p>\n<h3 class=\"p3\"><b>Outstanding conversion notices<\/b><\/h3>\n<p class=\"p2\">Updates regarding submitted conversion notices, conversions and registrations of new shares will be published on this page as they occur. Such updates will be compiled in a downloadable PDF entitled \u201c<span class=\"s4\"><b>Conversion Notices \u2013 Loft Capital<\/b><\/span>\u201d<span class=\"s4\"><b>, <\/b><\/span> which can be found below.<b> <\/b>This is a living document that will be updated on an ongoing basis, and the date of the latest update will be stated in the PDF.<\/p>\n<h3 class=\"p3\"><b>Latest update of PDF document<\/b><\/h3>\n<p class=\"p2\">15 June 2026<\/p>\n<h3 style=\"font-weight: 400;\"><strong>Language versions<\/strong><\/h3>\n<p>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.<\/p>\n            <\/div>\n        \n        <div class=\"wh-storytelling-content\">\n                            <h2 class=\"wh-storytelling-content-heading is-bold\">\n                    Other information                <\/h2>\n            \n                            <div class=\"wh-storytelling-content-files\">\n                                            <a\n                            href=\"https:\/\/investors.eurobatteryminerals.com\/wp-content\/uploads\/2026\/06\/Convertible-Bond-Loft-Capital_2026-06-15.pdf\"\n                            target=\"_blank\"\n                            target=\"_blank\"\n                            class=\"wh-storytelling-content-file\"\n                        >\n                            <span class=\"material-icons wh-storytelling-content-file-icon\">\n                                                                    link\n                                                            <\/span>\n\n                                                            Conversion Notices \u2013 Loft Capital 2026-06-15 (PDF)                            \n                            <span class=\"wh-storytelling-content-file-info\">\n                                Link\n                            <\/span>\n                        <\/a>\n                                            <a\n                            href=\"https:\/\/investors.eurobatteryminerals.com\/en\/press-releases\/eurobattery-minerals-secures-sek-60-million-convertible-bond-facility-and-draws-first-tranche-of-sek-10-million\/\"\n                            target=\"_blank\"\n                            target=\"_blank\"\n                            class=\"wh-storytelling-content-file\"\n                        >\n                            <span class=\"material-icons wh-storytelling-content-file-icon\">\n                                                                    link\n                                                            <\/span>\n\n                                                            Press release: Eurobattery Minerals secures SEK 60 million convertible bond facility and draws first tranche of SEK 10 million                            \n                            <span class=\"wh-storytelling-content-file-info\">\n                                Link\n                            <\/span>\n                        <\/a>\n                                            <a\n                            href=\"https:\/\/investors.eurobatteryminerals.com\/en\/press-releases\/eurobattery-minerals-loft-capital-exercises-conversion-rights-conversion-threshold-date-reached-and-a-total-of-23798419-new-shares-to-be-registered\/\"\n                            target=\"_blank\"\n                            target=\"_blank\"\n                            class=\"wh-storytelling-content-file\"\n                        >\n                            <span class=\"material-icons wh-storytelling-content-file-icon\">\n                                                                    link\n                                                            <\/span>\n\n                                                            Press release: Eurobattery Minerals: Loft Capital exercises conversion rights \u2013 Conversion Threshold Date reached and a total of 23,798,419 new shares to be registered                            \n                            <span class=\"wh-storytelling-content-file-info\">\n                                Link\n                            <\/span>\n                        <\/a>\n                                            <a\n                            href=\"https:\/\/investors.eurobatteryminerals.com\/wp-content\/uploads\/2026\/06\/FAQ-convertibles_BAT_EN-1.pdf\"\n                            target=\"_blank\"\n                            target=\"_blank\"\n                            class=\"wh-storytelling-content-file\"\n                        >\n                            <span class=\"material-icons wh-storytelling-content-file-icon\">\n                                                                    link\n                                                            <\/span>\n\n                                                            FAQ &#8211; Frequently asked questions about convertibles (PDF)                            \n                            <span class=\"wh-storytelling-content-file-info\">\n                                Link\n                            <\/span>\n                        <\/a>\n                                    <\/div>\n                    <\/div>\n    <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"class_list":["post-8521","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Convertible Bond Financing 2026 | Eurobattery Minerals Investor Relations<\/title>\n<meta name=\"description\" content=\"Ethical and fully traceable minerals for the electric revolution\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/investors.eurobatteryminerals.com\/en\/convertible-bond-financing-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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