Eurobattery Minerals, a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, has decided to carry out a rights issue of units of approximately SEK 35.5 million with an additional over-allotment issue of approximately SEK 10.0 million. The company has also undertaken to carry out a convertible issue of SEK 4.0 million.
The net proceeds from the capital raise are intended to be used for the preparation of a bankable feasibility study for the Hautalampi project, repayment of interest-bearing debt, working capital and financial flexibility.
Augment is acting as financial advisor to Eurobattery Minerals in connection with the transaction.
Read full press release about the rights issue (in English)
Read the full press release about the rights issue (in Swedish)