Eurobattery Minerals AB Announces Strategic Expansion and Financing Moves

On July 14, 2025, Eurobattery Minerals AB, a Swedish company specializing in the extraction and processing of rare metals crucial for electric vehicle batteries, made significant announcements regarding its strategic expansion and financing plans. The company, listed on the Frankfurt Stock Exchange and operating in multiple countries, is known for its innovative technology and sustainable mining practices.

Majority Stake Acquisition in Spain

Eurobattery Minerals AB has entered into an agreement with Tungsten San Juan S.L., the owner of the San Juan wolfram project in Galicia, northern Spain. The company plans to invest EUR 1.5 million for a 51% ownership stake in Tungsten San Juan S.L. This investment, structured as primary shares, will be paid in four tranches. The acquisition of this majority stake is a strategic move to bolster Eurobattery Minerals’ position in the rare metals market, particularly in the production of materials essential for electric vehicle batteries.

Proposed Rights Issue for Financing

To finance the acquisition of the majority stake in the San Juan wolfram mine, Eurobattery Minerals AB’s supervisory board has proposed a rights issue. The company plans to raise approximately SEK 78.5 million through a preferential rights issue of units. This financing strategy is aimed at supporting the company’s expansion efforts and ensuring sustainable growth in its operations.

Sustainable and Innovative Practices

Eurobattery Minerals AB continues to emphasize its commitment to sustainable mining practices and cutting-edge technology. The company’s expansion into the San Juan wolfram project aligns with its mission to provide essential materials for the growing electric vehicle market while maintaining environmental responsibility.

These strategic moves by Eurobattery Minerals AB highlight the company’s proactive approach to growth and its dedication to leading the rare metals industry with innovation and sustainability.