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 capital raise will e.g. be used for completion of the acquisition of FinnCobalt Oy as well as to finance the development of the mining operations in its flagship projects.
Augment acted as financial advisor to Eurobattery Minerals in connection with the transaction.