Eurobattery Minerals AB (BAT.ST) engages in the exploration and development of battery minerals, including nickel, cobalt, copper, tungsten and rare earth elements, with projects located exclusively in Europe to supply ethically sourced and fully traceable raw materials to the electric vehicle and sustainability transition markets. The company holds mining licenses and exploration permits for key assets such as the Hautalampi nickel-cobalt-copper project in Finland, featuring a historical NI 43-101 compliant mineral resource estimate of 3.2 million tonnes grading 0.43% nickel, 0.35% copper and 0.12% cobalt; the San Juan tungsten (wolfram) mine in Galicia, Spain, with proven ore reserves of approximately 60,000 tonnes grading 1.3% WO3 and production planned using gravimetric processing technology; and additional exploration projects in Sweden and Spain focused on battery metals. Operations target industrial off-takers including non-binding offtake agreements with Boliden AB for copper and Terrafame Ltd. for nickel-cobalt processing from Hautalampi, as well as Wolfram Bergbau und Hütten AG for tungsten concentrate from San Juan; services encompass mineral resource delineation through drilling and feasibility studies, environmental permitting, ESG compliance via standards like Towards Sustainable Mining (TSM), and strategic permitting under the EU Critical Raw Materials Act (CRMA).
Founded in 2009 and headquartered in Stockholm, Sweden, Eurobattery Minerals conducts business in Finland, Spain and Sweden, transitioning from pure exploration to integrated extraction with approximately three to four employees and listings on Nordic Growth Market (BAT) and Börse Stuttgart (EBM).
Recent developments include the November 2025 securing of a 30-year extension of the San Juan mining license to 2055, enabling pilot plant construction and production startup in the second half of 2026; an agreement to acquire a majority 51% stake in Tungsten San Juan S.L. via a EUR 1.5 million four-tranche investment announced in 2024 and advanced in Q3 2025, diversifying into tungsten; a SEK 78.5 million rights issue in 2025 raising approximately SEK 22.5 million net to fund the San Juan investment and general corporate purposes; plans to reapply for CRMA Strategic Project status in January 2026 for both Hautalampi and San Juan following supplementary EPA documentation submission; completion of core drilling at Hautalampi indicating resource expansion potential between Hautalampi and Mökkivaara deposits; and appointments such as Mangold Fondkommission AB as liquidity provider and mentor in October 2025, alongside commencement of archaeological studies and metallurgical testwork at San Juan.