NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL, BE SUBJECT TO LEGAL RESTRICTIONS OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. Stockholm, 30 October 2024 – On 16 September 2024, the Board of Directors of the mining company Eurobattery Minerals AB (Nordic Growth Market: BAT and Börse Stuttgart: EBM; in short: “Eurobattery Minerals” or the “Company”) resolved on a rights issue of units of approximately SEK 35.5 million (the “Rights issue”), that was approved by the Extraordinary General Meeting on 16 October 2024, which also authorised the Board of Directors to decide on an over-allotment issue of units amounting to a maximum of approximately SEK 10.0 million (the “Over-allotment issue”) in the event of over-subscription in the Rights issue. The subscription period commences today and ends on 13 November 2024. In connection with this, Eurobattery Minerals has published a video interview with the Company’s CEO, Roberto García Martínez, who presents a market update and summarises the work carried out in Hautalampi during 2024 and the plans for the upcoming year. Video: Market update – October 2024 The CEO of Eurobattery Minerals, Roberto García Martínez, was interviewed and presented a market update in a video published on 30 October 2024. In the video, which is directed to shareholders, potential investors and other stakeholders, a summary was presented regarding the work carried out in the Finnish battery mineral project Hautalampi during 2024, the Spanish Castriz project in Corcel and the planned development for the near future. The video is available on Eurobattery Minerals´ YouTube channel, https://www.youtube.com/watch?v=r-PVL8VBjyI, and issue website, https://investors.eurobatteryminerals.com/en/rights-issue-2024-2/. “We have been very active since 2020, when we acquired the Hautalampi battery mineral project, and we just finalised the full acquisition a couple of months ago. We have achieved many milestones over the last years, including applying for the environmental permit which we submitted to the authorities a couple of months ago. Additionally, we have been working closely with the Finnish authorities to monitor our environmental processes. In August, we applied to categorise the project as a European Strategic Project under the new Critical Raw Materials Act. And just a few weeks ago, we closed on a non-binding agreement with Boliden, a large mining group, which poised to buy the entire copper concentrate production from Hautalampi. All these achievements probably make this project one of the most important projects in the Scandinavian countries in decades,” commented the CEO about the Hautalampi project. The terms in brief
The terms and conditions of the Rights issue and the Over-allotment issue are included in the Company's EU growth prospectus, which was published on 28 October 2024. The prospectus and subscription form are available on the Company's issue site, https://investors.eurobatteryminerals.com/en/rights-issue-2024-2/, during the subscription period. Advisers Augment Partners AB is acting as the financial advisor and Advokatfirman Schjødt is acting as the legal advisor to the Company in connection with the transaction. 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, as such, power a cleaner world. Please visit www.eurobatteryminerals.com for more information. Feel free to follow us on LinkedIn and X as well. Contacts Roberto García Martínez – CEO Contact investor relations E-mail: ir@eurobatteryminerals.com Mentor Augment Partners AB is the mentor to Eurobattery Minerals AB IMPORTANT INFORMATION Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Eurobattery Minerals in any jurisdiction, either from Eurobattery Minerals or from anyone else. This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus regarding the Rights issue which is described in this press release has been registered by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and is available, among other things, on Eurobattery Minerals´ website. This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation. End of Media Release Issuer: Eurobattery Minerals AB Key word(s): Energy
30.10.2024 CET/CEST Dissemination of a Press Release, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | Eurobattery Minerals AB |
114 56 Stockholm | |
Sweden | |
Phone: | +49 151 6568 0361 |
E-mail: | info@eurobatteryminerals.com |
Internet: | www.eurobatteryminerals.com |
ISIN: | SE0012481570 |
WKN: | A2PG12 |
Listed: | Regulated Market in Berlin, Frankfurt, Munich, Stuttgart |
EQS News ID: | 2018617 |
End of News | EQS Media |
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2018617 30.10.2024 CET/CEST
source : webdisclosure.com