Eurobattery Minerals supports Uppsala University’s Vinnova application for new scientific approach to extracting battery minerals

• Project on new and modern industrialised methods to extract Rare Earth Elements (REE)
• REE rich black shales from Eurobattery Minerals exploration project in Fetsjön will be part of the project
• Eurobattery Minerals will support with funding as part of the Vinnova application submitted by the Uppsala University with final approval at the beginning of spring 2021.

Eurobattery Minerals AB (Nordic Growth Market: “BAT”), a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, announced an extension of its ongoing collaboration with Uppsala University. The company supports the university in its application to the Swedish innovation agency Vinnova in a project that focuses on new and modern methods of extracting REE from the shales in Fetsjön and other apatite rich discoveries in Sweden. As part of this project, Eurobattery Minerals will provide both mineralised samples from Fetsjön as well as financial funding. Vinnova is expected to announce their decision in the beginning of spring 2021.

The scientist from the Department of Earth Sciences at Uppsala University has figured out an efficient way of extracting REE from phosphates typically located in black shales, such as in Fetsjön. The next step is now to create a small experimental plant and run the University led REE beneficiation experiments on a bigger scale.

“We are thrilled to continue to support the scientists at Uppsala University. In Fetsjön, we know from previous comprehensive drilling and analyses that the REE level in the black shales is high. As critical components to the electric revolution, we are interested in finding efficient and sustainable methods to obtain those minerals from our projects”, said Roberto García Martínez, CEO of Eurobattery Minerals.

The project that is headed by Dr Jaroslaw Majka, Associate Professor in Metamorphic Petrology at the Department of Earth Sciences at Uppsala University, is pleased with the continued support from Eurobattery Minerals.

“We are excited about the possibility to conduct larger-scale testing of this new industrialised method for extracting rare earth elements. We believe that it will enable more efficient and sustainable extraction of these key components in electric vehicles and other battery-run equipment”, said Dr Jaroslaw Majka.

For further information, please contact:

Roberto García Martínez, CEO 

roberto@eurobatteryminerals.com

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 19 November 2020 at 08:00 CEST.

About Eurobattery Minerals

Eurobattery Minerals AB is a Swedish mining company listed on NGM Nordic SME (BAT). As the foundation of the battery value chain the company’s vision is to help Europe become self-sufficient in ethical and fully traceable battery minerals for the electric vehicle industry. The company is focused on exploration and development of several nickel-cobalt-copper projects in Europe to supply raw material critical to the expanding electric vehicle battery market. Please visit www.eurobatteryminerals.com for more information.

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