Approximately 96 per cent of Eurobattery’s warrants under warrant plan 2020:1 have been used for subscription of shares, raising approximately SEK 22.7 million.
The proceeds will be used for further feasibility studies for the Corcel and Hautalampi projects, but also to explore the possibilities for new interesting acquisitions of assets in Europe.
Augment acted as financial advisor to Eurobattery in connection with the transaction.