“2025 was a defining year for Eurobattery Minerals. We strengthened our Finnish battery mineral platform through strategic industrial partnerships, new exploration permits and zoning approval, while simultaneously taking a decisive step into near-term tungsten production in Spain. Our entry into San Juan, the appointment of Agne Ahlenius, and the 30-year licence extension until 2055 mark our transition toward becoming a production-oriented mining company with real revenue visibility. At the same time, our agreements with ABB and Terrafame demonstrate our commitment to responsible mining, technological excellence, and European value chains. We are building resilient operations designed to supply critical raw materials from Europe, for Europe — under the highest environmental and social standards,” says Roberto García Martínez, CEO of Eurobattery Minerals AB.

Strategic and operational highlights in 2025

• In March 2025, Eurobattery Minerals’ wholly owned subsidiary FinnCobalt Oy signed a Letter of Intent with ABB Oy regarding electrification, instrumentation, automation, and digitalization (EIAD) for the Hautalampi project. The agreement establishes a framework for technological evaluation and potential long-term collaboration to support modern and responsible mining operations.
  
• On 19 May 2025, FinnCobalt Oy signed a non-binding Memorandum of Understanding with Terrafame Ltd to evaluate refining 100% of the nickel-cobalt concentrate from the Hautalampi project at Terrafame’s facilities. The collaboration supports domestic processing and responsible European battery mineral value chains.
  
• At the end of May, the City Council of Outokumpu approved the detailed zoning plan for the Hautalampi battery mineral project in Finland. The decision represents the final step in the zoning process and provides the necessary framework for building permits, significantly de-risking the project and reinforcing strong local support.
  
• On 14 July 2025, Eurobattery Minerals entered an agreement to acquire 51 per cent of Tungsten San Juan S.L. for EUR 1.5 million. The investment enables near-term tungsten production in Galicia and marks the Company’s transition toward cash-flow generation, with production and positive cash flow expected in the near future.
  
• On 21 July 2025, Eurobattery Minerals appointed Agne Ahlenius as Managing Director to lead the San Juan tungsten project in Galicia, Spain. With more than 35 years of international mining experience, including leadership of the Barruecopardo tungsten mine, he strengthens operational execution and responsible development of the project.
  
• At the end of November, Eurobattery Minerals secured a 30-year extension of its San Juan mining license in Galicia, Spain, extending validity to 2055. The approval strengthens long-term project stability, confirms institutional support for responsible mining, and enables continued project development toward planned tungsten production.

Key financial figures for Q4 2025

• Net sales amounted to SEK 0 thousand (Q4 2024: SEK 0 thousand).
• Operating profit/loss after financial items totalled SEK -5,834 thousand (Q4 2024: SEK –7,999 thousand).
• Earnings per share after financial items before dilution amounted to SEK -0.007 (Q4 2024: SEK -0.05).
• Earnings per share after financial items after dilution amounted to SEK -0.007 (Q4 2024: SEK -0.02).
• Cash flow from operating activities was SEK -3,046 thousand (Q4 2024: SEK -14,364 thousand).

Detailed financial information
The year-end report for 2025 of Eurobattery Minerals AB is available for download at the Company’s website and can be viewed in the attachment of the release (see below).

Language versions
Eurobattery Minerals AB publishes information in English, Swedish, and German for the convenience of our shareholders and stakeholders. In the event of any discrepancies or inconsistencies between the language versions, the English version shall prevail.