“We are now entering a new phase for Eurobattery Minerals. With financing secured, a strengthened balance sheet and advancing projects, our focus is clear: execution, production and building long-term value through responsibly mined minerals from Europe, for Europe. Operations are advancing at a good pace at the San Juan tungsten project and production is expected to start in Q1-2027,” says Roberto García Martínez, CEO of Eurobattery Minerals AB.

Strategic and operational highlights during Q1-2026

• Applications for Strategic Project status under the EU Critical Raw Materials Act (CRMA) submitted for both San Juan and Hautalampi, strengthening the projects’ strategic positioning within Europe.
  
• FinnCobalt published its first Sustainability Report for Hautalampi, increasing transparency and reinforcing the project’s position as a future European source of battery minerals.
  
• Final engineering phase initiated at the San Juan tungsten project, marking a key step towards planned production in 2027.
  
• Fenja Capital converted the final tranche of convertible bonds into shares, leaving the Company free of convertible debt and strengthening the balance sheet.
  
• A dedicated project website for San Juan was launched, strengthening transparency and dialogue with local stakeholders in Galicia.
  
• Bulk sample dispatched to SLR Consulting for advanced metallurgical testwork supporting final process optimisation and plant design for San Juan.

Key financial figures for Q1-2026

• Net sales amounted to SEK 0 thousand (Q1 2025: SEK 0 thousand).
  
• Operating profit/loss after financial items totalled SEK -52,345 thousand
  (Q1 2025: SEK -2,946 thousand).
  
• Earnings per share after financial items before dilution amounted to SEK -0.05
  (Q1 2025: SEK -0.01).
  
• Earnings per share after financial items after dilution amounted to SEK -0.05
  (Q1 2025: SEK -0.01).
  
• Cash flow from operating activities was SEK -5,620 thousand
  (Q1 2025: SEK -335 thousand).

Detailed financial information
The Interim Report for the period January-March 2026 from 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.