Eurobattery Minerals signs MoU for carbon-zero mining at the Hautalampi
battery mineral project

EQS-Media / 15.05.2024 / 07:35 CET/CEST

Stockholm, 15 May 2024 - The mining company Eurobattery Minerals AB (Nordic
Growth Market: " BAT" and Börse Stuttgart: " EBM"; in short: "Eurobattery
Minerals" or the "Company") is pleased to announce the signing of a
Memorandum of Understanding (MoU) with Okun Energia Oy, a prominent energy
provider partly owned by the local municipality in Outokumpu, Finland. This
MoU is signed via FinnCobalt Oy, our subsidiary in Finland, and sets forth
the terms and understanding between the entities for the development of
local photovoltaic (PV) production to support carbon-zero production of
critical raw materials, thereby advancing the green transition.

The project aims to create an opportunity for local carbon-zero production
by harnessing solar energy. FinnCobalt Oy - part of Eurobattery Minerals -
has offered a section of its mining area for solar energy production, while
Okun Energia Oy will invest in the units and provide electricity for the
mine through a Power Purchase Agreement (PPA). The connection will be
"behind the meter," ensuring production directly for own use without taxes
or electricity transmission fees.

"At Eurobattery Minerals, we are committed to responsible mining practices
and contributing to a sustainable future," says Roberto García Martínez, CEO
for Eurobattery Minerals. "This partnership with Okun Energia Oy marks a
significant step towards achieving carbon-zero production of critical raw
materials, aligning with our objectives to operate responsibly and support
the green transition."

Key factors of the MoU include the promotion of carbon-zero production of
critical raw materials and the enhancement of the social license to operate.
The objective is to provide a framework for long-term local cooperation
activities that benefit both parties and also the local community. The
Hautalampi battery mineral project is located at a historical mining site
with strong local support for mining activities. The municipality has
evolved from a mining town into an industrial centre, and there is
widespread anticipation for the mine to open. The project is expected to
create jobs on-site, and the community is working towards making this a
reality. The local municipality in Outokumpu is giving its full support for
the project.

"Solar is vital part of the green transition, essentially our role is to
enforce and support Outokumpu's sustainable development," says Tero Mäntylä,
CEO for Okun Energia Oy.

Eurobattery Minerals strives to conduct responsible and modern mining by
utilizing state-of-the-art technology. The mining sector plays a strategic
role in the transition towards a digitalized and decarbonized economy,
aligning with EU Agenda 2030 and Fit for 55 objectives.

The signing of this MoU represents a significant event in our journey
towards responsible mining practices and carbon-zero production. Eurobattery
Minerals looks forward to working closely with Okun Energia Oy and the local
community to bring this vision to fruition and to deliver responsibly mined
minerals from Europe for Europe.

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

15.05.2024 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:    1903097

End of News EQS Media
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1903097 15.05.2024 CET/CEST