Eurobattery Minerals will make an application for Hautalampi to become a
Strategic Project under the Critical Raw Materials Act

EQS-Media / 13.05.2024 / 07:35 CET/CEST

Stockholm, 13 May 2024 - The mining company Eurobattery Minerals AB (Nordic
Growth Market: " BAT" and Börse Stuttgart: " EBM"; in short: "Eurobattery
Minerals" or the "Company") announces that the Company will apply for the
battery mineral project Hautalampi to become a Strategic Project under the
new EU Critical Raw Materials Act.

Eurobattery Minerals has announced its application for the Company´s Finnish
Hautalampi project to become a Strategic Project under the new Critical Raw
Materials Act (CRMA) recently approved by the European Union (EU). This
initiative aims to contribute to the EU's objective of ensuring access to a
secure, diversified, affordable, and sustainable supply of critical raw
materials essential for strategic applications in various sectors, including
the net-zero industry, digital industry, aerospace, and defence. This is an
open call from the Directorate-General of the European Commission (DG GROW)
to support strategic projects under CRMA and the initiative is intimately
connected to the benchmarks set for the goals of EU 2030, for a sustainable
Europe by that year.

The recognition of a project as a Strategic Project has several advantages,
including streamlined and predictable permitting procedures and support in
gaining access to finance.

"Eurobattery Minerals is committed to supporting the EU's efforts to secure
the supply of critical raw materials. Our project aims to not only
contribute to the EU's strategic goals but also to operate responsibly and
sustainably, generating positive impacts for local communities and
economies. This first open call to become a strategic project is a great
opportunity for us, and also opens the door for future subventions under the
umbrella of CRMA," comments Roberto García Martínez, CEO of Eurobattery
Minerals.

Background of the open call for Strategic Projects under CRMA

Under the CRMA, Strategic Projects are recognized as key instruments to
enhance the security of the EU's supply of 17 strategic raw materials listed
in Annex I of the Act. These materials include crucial elements such as
cobalt, nickel, copper, tungsten, and other raw materials vital for modern
technologies and industries. DG GROW aims to have a first set of strategic
projects decided and published by the end of this year. The CRM Council
meeting with the opening of the first call for proposals will take place
after the entry into force of the CRMA regulation on May 23, as informed by
DG GROW at the information day for potential applicants held on April 30. A
timetable has been established for the Strategic Projects, highlighting the
next steps:

* First cut-off date (August 2024)

* Completeness check (September 2024)

* Technical assessment (September 2024)

* CRM Board Meeting (November 2024)

* Commission decision for the list of Strategic Projects (December 2024).

There will be several assessment criteria for the strategic projects; need
for the project to make a meaningful contribution to the security of the
EU's supply of critical raw materials, technical feasibility of the project
and its sustainable implementation with a positive impact on the environment
and societies. For projects in the EU, the benefits must be cross-border.
During the assessment procedure, each application is evaluated by at least
four individual experts who will assess four aspects: technical, financial,
UNFC classification and ESG aspects.

Eurobattery Minerals´ initiatives for Hautalampi to become a strategic
project

Eurobattery Minerals´ Hautalampi project aligns with the EU's objectives and
aims to:

  * Enhance the security of the EU's supply of critical raw materials,
    contributing to the benchmarks set for 2030

  * Implement sustainable practices, including environmental impact
    monitoring and prevention, and socially responsible practices such as
    respect for human rights and labour rights

  * Create cross-border benefits by involving undertakings from different EU
    Member States and potential off-takers located in multiple Member States

"Institutional support from the EU is important and if the permitting
procedure becomes faster and more predictable for strategical projects, that
would of course be great news for us. As might be expected, support in
gaining access to finance and subventions would also be very positive, so we
will put our best effort into this application process," says Roberto García
Martínez, CEO of Eurobattery Minerals.

Short about the Hautalampi battery mineral project

Our Finnish project has a pre-feasibility study from March 2023 and the
Hautalampi ore reserves and minerals resources reserves have been classified
in the highest categories as viable mining projects in the United Nations
Framework Classification for Resources (UNFC). The Hautalampi mining permit
(K7802) was registered in June 2023 and the Environmental Permit Application
was submitted to the Finnish Authorities at the end of April 2024. More
information about the Hautalampi project is available on our website:
https://eurobatteryminerals.com/en/projects/hautalampi/.

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 Twitter as well.

Contacts

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

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

13.05.2024 CET/CEST Dissemination of a Press Release, transmitted by EQS
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   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:    1900839

End of News EQS Media
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1900839 13.05.2024 CET/CEST