Bedrock Conditions Favorable for Eurobattery Minerals' Finnish Mine Project

Eurobattery Minerals AB, a mining company listed on the Nordic Growth Market and Börse Stuttgart, announced on 18 March 2024 that research has confirmed ideal bedrock conditions for their Hautalampi battery minerals mine project in Finland. This finding is a significant step forward in the environmental permit process, aiming to evaluate the risks related to groundwater movement. The absence of large dominant shear zones indicates a positive outlook for future mining operations.

CEO Roberto García Martínez expressed that the geology of the old mining ground was known to be favorable, but recent geophysical tests further affirmed the project's potential as a vital source of responsibly mined battery minerals. With these results, the company plans to advance with the environmental permit application. Eurobattery Minerals is focused on supplying nickel-cobalt-copper for the European market, aligning with their vision of powering a cleaner world with responsibly sourced minerals.