{"id":6390,"date":"2023-10-19T16:00:00","date_gmt":"2023-10-19T16:00:00","guid":{"rendered":"https:\/\/investors.eurobatteryminerals.com\/press-releases\/eurobattery-minerals-to-focus-on-finland-and-spain-wont-renew-licenses-in-sweden\/"},"modified":"2023-10-19T18:03:18","modified_gmt":"2023-10-19T16:03:18","slug":"eurobattery-minerals-to-focus-on-finland-and-spain-wont-renew-licenses-in-sweden","status":"publish","type":"post","link":"https:\/\/investors.eurobatteryminerals.com\/en\/press-releases\/eurobattery-minerals-to-focus-on-finland-and-spain-wont-renew-licenses-in-sweden\/","title":{"rendered":"Eurobattery Minerals to focus on Finland and Spain &#8211; won&#8217;t renew licenses in Sweden"},"content":{"rendered":"\n<div class=\"mfn-preamble\">\n<p><strong>Stockholm, 19 October 2023 \u2013 The mining company Eurobattery Minerals AB (Nordic Growth Market: \u201cBAT\u201d and B\u00f6rse Stuttgart: \u201cEBM\u201d; in short: \u201cEBM\u201d, \u201cEurobattery\u201d or \u201cthe Company\u201d) today announced that it will not renew its exploration licenses for its seven Swedish assets when the permits expire at the end of October 2023. The decision will enable Eurobattery Minerals to currently focus on its more advanced projects to create better shareholder value. In Eurobattery Minerals half-year report 2023, the Swedish assets were valued at 2.7 MSEK; consequently, the decision will result in a non-cash flow affecting write down of the same amount.<\/strong><\/p>\n<\/div>\n\n\n\n<div class=\"mfn-body\">\n<p>\u201cWe are committed to providing the raw materials needed for batteries to power the green transition across Europe. To achieve this and create the best shareholder value, we have decided not to renew the licenses in Sweden and instead focus our attention on our battery mineral mine projects in Hautalampi in Finland and Corcel in Spain\u201d,&nbsp;said&nbsp;Roberto&nbsp;Garc\u00eda Mart\u00ednez, CEO of Eurobattery Minerals.<\/p>\n<p>The non-renewal decision is based on current challenges associated with mining in Sweden, where the uncertainty in the permit process adds vast ambiguity to the investment case. Furthermore, the decision follows from the Company\u2019s increased attention to its Hautalampi mining project in Finland and Corcel project in Spain. Both projects are well-advanced, and analyses point to high nickel, copper and cobalt grades with a strong economic outlook.&nbsp;<\/p>\n<\/div>\n\n\n\n<div class=\"mfn-footer mfn-about mfn-27f24af12bee\">\n<p><strong class=\"mfn-heading-1\">About Eurobattery Minerals<\/strong><br>Eurobattery Minerals AB is a Swedish mining company listed on Swedish Nordic Growth Market (<a href=\"https:\/\/eqs-cockpit.com\/cgi-bin\/fncls.ssp?fn=redirect&amp;url=5719de5bfbb0a1f324dbd8944ae0c78a&amp;application_id=1515851&amp;site_id=millistream&amp;application_name=news\" target=\"_blank\" rel=\"noopener\">BAT<\/a>) and German B\u00f6rse Stuttgart (<a href=\"https:\/\/eqs-cockpit.com\/cgi-bin\/fncls.ssp?fn=redirect&amp;url=18ab9407a4e04c1d12d0fae750195e9c&amp;application_id=1515851&amp;site_id=millistream&amp;application_name=news\" target=\"_blank\" rel=\"noopener\">EBM<\/a>). With the vision to make Europe self-sufficient in responsibly mined battery minerals, the company\u2019s focus is to realize numerous nickel-cobalt-copper projects in Europe to supply critical raw materials and, as such, power a cleaner world.<\/p>\n<p>Please visit&nbsp;<a href=\"https:\/\/eqs-cockpit.com\/cgi-bin\/fncls.ssp?fn=redirect&amp;url=2d6917c51d31d7ec53d7da8c6e8068f4&amp;application_id=1515851&amp;site_id=millistream&amp;application_name=news\" target=\"_blank\" rel=\"noopener\">www.eurobatteryminerals.com<\/a>&nbsp;for more information. Feel free to follow us on&nbsp;<a href=\"https:\/\/eqs-cockpit.com\/cgi-bin\/fncls.ssp?fn=redirect&amp;url=fc208e18800d614eb15677dafb280049&amp;application_id=1515851&amp;site_id=millistream&amp;application_name=news\" target=\"_blank\" rel=\"noopener\">LinkedIn<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/twitter.com\/eurobatterymin\" target=\"_blank\" rel=\"noopener\">X<\/a>&nbsp;as well.<\/p>\n<\/div>\n\n\n\n<div class=\"mfn-footer mfn-contacts mfn-32fe3428d7ae\">\n<p><strong class=\"mfn-heading-1\">Contacts<\/strong><br>Roberto Garc\u00eda Mart\u00ednez \u2013 CEO<br>E-mail: <a href=\"mailto:info@eurobatteryminerals.com\" target=\"_blank\" rel=\"noopener\">info@eurobatteryminerals.com<\/a><\/p>\n<p><strong>Contact investor relations<\/strong><br>E-mail: <a href=\"mailto:ir@eurobatteryminerals.com\" target=\"_blank\" rel=\"noopener\">ir@eurobatteryminerals.com<\/a><\/p>\n<p><strong>Mentor<\/strong><br>Augment Partners AB is the mentor to Eurobattery Minerals AB<br>Phone: +46 (0) 86 042&nbsp;255<br>E-mail: <a href=\"mailto:mailto:%20info@augment.se\" target=\"_blank\" rel=\"noopener\">info@augment.se<\/a><\/p>\n<\/div>\n\n\n\n<div class=\"mfn-footer mfn-attachment mfn-attachment-general\">\n<p><strong class=\"mfn-heading-1\">Attachments<\/strong><br><a class=\"mfn-generated mfn-primary\" href=\"https:\/\/storage.mfn.se\/fd25bda7-6b5b-4d21-af70-5e5afffe832f\/eurobattery-minerals-to-focus-on-finland-and-spain-wont-renew-licenses-in-sweden.pdf\" target=\"_blank\" rel=\"noopener\">Eurobattery Minerals to focus on Finland and Spain &#8211; won&#8217;t renew licenses in Sweden<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Stockholm, 19 October 2023 \u2013 The mining company Eurobattery Minerals AB (Nordic Growth Market: \u201cBAT\u201d and B\u00f6rse Stuttgart: \u201cEBM\u201d; in short: \u201cEBM\u201d, \u201cEurobattery\u201d or \u201cthe Company\u201d) today announced that it will not renew its exploration licenses for its seven Swedish assets when the permits expire at the end of October 2023. The decision will enable [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6392,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[32,34],"tags":[],"class_list":["post-6390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases","category-regulatory"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Eurobattery Minerals to focus on Finland and Spain - won&#039;t renew licenses in Sweden | Eurobattery Minerals Investor Relations<\/title>\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\/press-releases\/eurobattery-minerals-to-focus-on-finland-and-spain-wont-renew-licenses-in-sweden\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eurobattery Minerals to focus on Finland and Spain - won&#039;t renew licenses in Sweden | Eurobattery Minerals Investor Relations\" \/>\n<meta property=\"og:description\" content=\"Stockholm, 19 October 2023 \u2013 The mining company Eurobattery Minerals AB (Nordic Growth Market: \u201cBAT\u201d and B\u00f6rse Stuttgart: \u201cEBM\u201d; in short: \u201cEBM\u201d, \u201cEurobattery\u201d or \u201cthe Company\u201d) today announced that it will not renew its exploration licenses for its seven Swedish assets when the permits expire at the end of October 2023. The decision will enable [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/investors.eurobatteryminerals.com\/en\/press-releases\/eurobattery-minerals-to-focus-on-finland-and-spain-wont-renew-licenses-in-sweden\/\" \/>\n<meta property=\"og:site_name\" content=\"Eurobattery Minerals Investor Relations\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-19T16:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-19T16:03:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/investors.eurobatteryminerals.com\/wp-content\/uploads\/2023\/10\/web-pic.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1067\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"emil\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/investors.eurobatteryminerals.com\/wp-content\/uploads\/2023\/10\/web-pic.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@eurobatterymin\" \/>\n<meta name=\"twitter:site\" content=\"@eurobatterymin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/investors.eurobatteryminerals.com\/en\/press-releases\/eurobattery-minerals-to-focus-on-finland-and-spain-wont-renew-licenses-in-sweden\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/investors.eurobatteryminerals.com\/en\/press-releases\/eurobattery-minerals-to-focus-on-finland-and-spain-wont-renew-licenses-in-sweden\/\"},\"author\":{\"name\":\"emil\",\"@id\":\"https:\/\/investors.eurobatteryminerals.com\/#\/schema\/person\/5f3f3f3f5b06e12f0d35df0a04cb5fa3\"},\"headline\":\"Eurobattery Minerals to focus on Finland and Spain &#8211; 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