Eurobattery Minerals AB: A Debt‑Free Transition and the Launch of a Tungsten Processing Plant

Eurobattery Minerals AB, listed on the Nordic Growth Market under the ticker BAT and on the Stuttgart Stock Exchange under EBM, has announced a decisive shift in its financial structure and an important milestone in its operational roadmap.

Debt‑Free Status Achieved

At 08:20 CET on 23 February 2026, Eurobattery Minerals disclosed that Fenja Capital II A/S had exercised its conversion right on the company’s final tranche of convertible instruments. The conversion was completed fully, meaning the company now carries no remaining convertible debt or similar external debt instruments on its balance sheet. This development marks the end of an extended period in which the company had to service interest on convertible debt, allowing it to redirect cash‑flow toward growth initiatives and capital‑intensive projects.

2025 Year‑End Report

On 20 February 2026, Eurobattery Minerals published its year‑end report for 2025. The report highlighted a “decisive year” for the company, underscoring progress across its global operations and the strengthening of its financial position. The release was accompanied by a comprehensive overview of the company’s financial performance, operational highlights, and future outlook.

Progress on the San Juan Tungsten Plant

Simultaneously with the publication of the 2025 report, Eurobattery Minerals announced that the design and construction phase of the tungsten processing plant at its San Juan project in Galicia, Spain was advancing. The plant represents a critical step toward near‑term production and cash‑flow generation. By consolidating and upgrading the processing of tungsten ore, the company aims to enhance the value of its raw material portfolio and strengthen its supply chain for electric‑vehicle battery components.

Strategic Implications

  • Financial Flexibility: Becoming debt‑free removes a significant fixed‑cost burden, improving earnings before interest, taxes, depreciation, and amortization (EBITDA) and enhancing the company’s capacity to invest in research and development or pursue strategic acquisitions.
  • Operational Momentum: The accelerated construction of the San Juan plant signals Eurobattery Minerals’ commitment to scaling its production footprint. With the plant’s completion, the company can supply higher volumes of high‑purity tungsten—an essential component in battery cathodes—meeting growing demand from the automotive industry.
  • Market Confidence: The dual announcement—financial health coupled with tangible operational progress—reinforces investor confidence and positions Eurobattery Minerals favorably within the competitive landscape of rare‑metal mining and processing.

Eurobattery Minerals AB’s latest disclosures illustrate a company that is not only shedding debt but also laying the groundwork for sustained growth in a market where the demand for clean‑energy materials continues to accelerate.