Eurobattery Minerals Publishes Q2 2024 Report and Submits Strategic Project Application for Hautalampi

Stockholm, 23 August 2024 – Eurobattery Minerals AB has released its second-quarter report for 2024. This period was marked by significant milestones, including the submission of the Environmental Permit Application for the Hautalampi mine project in Finland.

In April, the company applied for the environmental permit for the Hautalampi project, a key step towards mining operations. In May, a Letter of Intent was signed to invest in Tungsten San Juan SL, a Spanish company developing the San Juan wolfram deposit. Additionally, Eurobattery Minerals applied for Hautalampi to be recognized as a Strategic Project under the EU Critical Raw Materials Act.

Financially, the company's net sales remained at SEK 0, with an operating loss of SEK -10,259 thousand. Cash flow from operating activities was SEK -6,867 thousand. In July, Eurobattery Minerals acquired the remaining 30% of FinnCobalt Oy, securing full ownership of the Hautalampi project.