Eurobattery Minerals publishes the year-end report while working closely with Finnish authorities on the EPA
Stockholm, 21 February 2025 – The mining company Eurobattery Minerals AB (Nordic Growth Market: “BAT” and Börse Stuttgart: “EBM”; in short: “Eurobattery Minerals” or the “Company”) today published its year-end report for 2024. The Company does this at the same time as it is collaborating closely with the authorities in Finland on the Environmental Permit Application (EPA).
"As we conclude 2024 and I look back on a year, I see that we at Eurobattery Minerals have taken significant steps. From advancing our Hautalampi project to securing key partnerships, we have strengthened our position as one of the leaders in responsible battery mineral mining. At the same time, the mining industry faces real challenges—geopolitical uncertainties, high energy prices, and the urgent need for investment in Europe’s raw materials sector. But the shift towards European self-sufficiency in critical minerals is gaining momentum, and Eurobattery Minerals is ready to play a key role in this transformation. Our commitment to innovation, sustainability, and responsible mining will continue driving us forward in 2025 and beyond", says Roberto García Martínez, CEO, Eurobattery Minerals AB.
Strategic and operational highlights 2024
- At the end of April, Eurobattery Minerals submitted the environmental permit application for the battery mineral mine project Hautalampi in Finland. Filing the application for the environmental permit means that the Company has now taken a major step towards mining operations in Finland.
- On 26 July, the Company exercised its option to acquire the remaining 30 per cent of FinnCobalt Oy, the owner of the ground and mining rights to the nickel-cobalt-copper project Hautalampi. Following the closing of the acquisition, Eurobattery Minerals’ share of ownership in FinnCobalt amounts to 100 per cent.
- On 21 August, Eurobattery Minerals submitted the application for the battery mineral project Hautalampi to become a Strategic Project under the Critical Raw Materials Act (CRMA).
- On 28 August, the Company entered into a non-binding offtake agreement with Boliden AB for its Hautalampi battery mineral project in Finland. The accord is a long-term purchase agreement for the Hautalampi copper concentrates and is valid for a minimum of 10 years.
Key financial figures for Q4 2024
- Net sales amounted to SEK 0 thousand (Q4 2023: SEK 0 thousand).
- Operating profit/loss after financial items totalled SEK -7,999 thousand (Q4 2023: SEK -4,649 thousand).
- Earnings per share after financial items before dilution amounted to SEK -0.05 (Q4 2023: SEK -0.97).
- Earnings per share after financial items after dilution amounted to SEK -0.02 (Q4 2023: SEK -0.97).
- Cash flow from operating activities was SEK -14,364 thousand (Q4 2023: SEK 8,906 thousand).
Detailed financial information
The year-end report for 2024 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).