Eurobattery is a mining and exploration company listed on NGM Nordic SME. The company conducts targeted mineral exploration in Europe and has a strategy of finding mining and exploration projects, which have good potential according to the Company. The Company is focusing on commodities leveraging the EV industry (e.g. nickel, copper and cobalt). Eurobattery sees a shift in demand for battery metals and wants to provide Europe with ethical and fully traceable minerals for the electric revolution.
The proceeds from the rights issue enable the company to accelerate its business strategy by shortening the time for Eurobattery to become a producer.
Augment acted as financial advisor to Eurobattery in connection with the transaction.