Eurobattery Minerals AB is a Swedish mining company listed on NGM Nordic SME and Börse Stuttgart. With the vision of helping Europe become self-sufficient in ethical and fully traceable battery minerals for the electric vehicle industry, the company wants to position itself as a key player in the battery value chain. The company is focused on exploration and development of several nickel–cobalt-copper projects in Europe to supply sustainably mined raw materials critical to the rapidly growing battery market.
The proceeds from the warrant redemption will e.g. be used for further investments in the company’s flagship projects as well as for financial flexibility to enable future potentially interesting M&A possibilities.
Augment acted as financial advisor to Eurobattery Minerals in connection with the transaction.