Eurobattery Minerals publishes the Q1 report coinciding with the exercise period for warrants of series TO6

“In today’s increasingly volatile world—with rising geopolitical tensions and a global race for critical raw materials—Europe cannot afford to stand still while nearly every nation advances its clean energy transition and strengthen their defence sector. If we want mining to happen here in Europe, we must address three fundamental issues: faster permitting processes, harmonized and stable EU regulations, and significantly more financing. True that money isn’t everything, but without it, nothing moves forward. Finally, we must shift public perception by showing that modern, responsible mining is essential for the green transition and Europe’s strategic autonomy. Optimized environmental protection can only be achieved if we have full control over project implementation—and this can only be achieved in Europe. In this context, continued access to capital through instruments like our TO6 warrants is not just helpful—it is vital to move projects like Hautalampi into production and help secure Europe’s raw material future,” says Roberto García Martínez, CEO of Eurobattery Minerals AB.

Strategic and operational highlights during Q1-2025

• January: We announced that the Hautalampi battery mineral mine could be part of a regional pilot project for carbon capture and storage in hardened backfill of the mine.
   
• March: Our Finnish subsidiary signed a LOI with ABB to develop innovative, sustainable mining solutions via electrification, instrumentation, automation, and digitalization (EIAD) to improve efficiency, safety, and environmental performance.
   
• March: Eurobattery Minerals submitted, via its subsidiary FinnCobalt Oy, an application for the ERMA Booster Call 2025 – a funding initiative by EIT RawMaterials aimed at boosting Europe's raw materials resilience. The program offers up to €2.5 million for mining projects.
   
• March: Eurobattery Minerals announced that its Hautalampi project in Finland had been independently recognized as the fifth-largest undeveloped cobalt project in the Nordics, with 7,840 tons of contained cobalt. The project also holds significant copper resources, totalling 17,700 tons, which puts it on the Top 20 List for undeveloped copper project.

Key financial figures for Q1-2025

• Net sales amounted to SEK 0 thousand (Q1 2024: SEK 0 thousand).
   
• Operating profit/loss after financial items totalled SEK -2,946 thousand (Q1 2024: SEK -4,551 thousand)
   
• Earnings per share after financial items before dilution amounted to SEK -0.01 (Q1 2024: SEK -0.11).
   
• Earnings per share after financial items after dilution amounted to SEK -0.01 (Q1 2024: SEK -0.04).
   
• Cash flow from operating activities was SEK -335 thousand (Q1 2024: SEK -7,960 thousand).

Detailed financial information

The Interim Report for the period January-March 2025 from Eurobattery Minerals AB is available for download at the Company’s website and can be viewed in the attachment of the release (see below).

This information is information that Eurobattery Minerals is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, on 20 May 2025 at 09:00 AM CEST.

About Eurobattery Minerals

Eurobattery Minerals AB is a Swedish mining company listed on Swedish Nordic Growth Market (BAT) and German Börse Stuttgart (EBM). With the vision to make Europe self-sufficient in responsibly mined battery minerals, the Company’s focus is to realize numerous nickel-cobalt-copper projects in Europe to supply critical raw materials and, by doing so, power a cleaner world.

Please visit www.eurobatteryminerals.com for more information. Feel free to follow us on LinkedIn as well.

Contact Eurobattery Minerals AB

Roberto García Martínez – CEO

E-mail: [email protected]

Contact Investor Relations

E-mail: [email protected]

Mentor

Augment Partners AB is the mentor to Eurobattery Minerals AB

Phone: +46 (0) 86 042 255

E-mail: [email protected]