Eurobattery Minerals receives approximately SEK 5.1 million through warrant
redemption

EQS-Media / 22.05.2024 / 16:35 CET/CEST

Stockholm, 22 May 2024 - The mining company Eurobattery Minerals AB (Nordic
Growth Market: "BAT" and Börse Stuttgart: "EBM"; in short: "Eurobattery
Minerals" or the "Company") carried out a rights issue of units with
subscription period from 8 January to 22 January 2024, consisting of shares
and warrants of series TO4 and TO5 (the "Rights issue"). Those who
subscribed in the Rights issue during the subscription period thereby
received for each (1) unit two (2) new shares in the Company and one (1)
warrant of series TO4 (the "Warrant of series TO4") as well as one (1)
warrant of series TO5. Each (1) Warrant of series TO4 entailed the right to
subscribe for one (1) new share in Eurobattery Minerals at a subscription
price of SEK 0.40 per share. The subscription period for Warrants of series
TO4 commenced on 7 May and extended until 21 May 2024, and a total of
12,776,891 Warrants of series TO4 were used for subscription of shares in
the Company, corresponding to a subscription rate of approximately 38.4 per
cent. The Company will thereby receive proceeds of approximately SEK 5.1
million before set-off of approximately SEK 1.0 million and issue costs. The
issue proceeds are intended to be used to finalise the acquisition of
FinnCobalt Oy as well as for continued work in the Finnish Hautalampi
battery minerals project.

Number of shares and share capital

Through the new share issue the Company will receive gross proceeds of
approximately SEK 5.1 million, before set-off of approximately SEK 1.0
million and issue costs. The number of shares will increase by 12,776,891
shares, from 103,131,838 shares to 115,908,729 shares, when the new shares
are registered by the Swedish Companies Registration Office. The share
capital will increase by SEK 5,110,756.40, from SEK 41,252,735.20 to SEK
46,363,491.60, which implies a dilution of approximately 11.0 per cent.

Warrants of series TO5

Each one (1) warrant of series TO5 will entitle the holder to subscribe for
one (1) new share during the exercise period commencing on 7 October and
ending on 18 October 2024, at a price corresponding to 70 per cent of the
volume-weighted average price of the Company's share during the ten trading
days between 20 September and 3 October 2024, but not less than SEK 0.40 per
share and no more than SEK 0.52 per share.

Advisers

Augment Partners AB acted as financial adviser and Advokatfirman Schjødt
acted as legal adviser in the transaction.

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
above, at 2024-05-22 04:30 PM 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, 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.

Contact Eurobattery Minerals AB

Roberto García Martínez - CEO

E-mail: info@eurobatteryminerals.com

Contact Investor Relations

E-mail: ir@eurobatteryminerals.com

Mentor

Augment Partners AB is the mentor to Eurobattery Minerals AB

Phone: +46 (0) 86 042 255

E-mail: info@augment.se


End of Media Release

---------------------------------------------------------------------------

Issuer: Eurobattery Minerals AB
Key word(s): Energy

22.05.2024 CET/CEST Dissemination of a Press Release, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

   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:    1909049

End of News EQS Media
---------------------------------------------------------------------------

1909049 22.05.2024 CET/CEST