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 carried out a rights issue of units. The net proceeds from the rights issue are intended to be used for the preparation of a bankable feasibility study for the Finnish battery mineral project Hautalampi, repayment of interest-bearing debt, as well as working capital and financial flexibility.
In total, 30,446,411 units were subscribed for in the rights issue, corresponding to approximately SEK 21.3 million. Each unit consisted of seven new shares in the company and four warrants of series TO6 with strike in May 2025.
Augment is acting as financial advisor to Eurobattery Minerals in connection with the transaction.