Eurobattery Minerals expands operations in Finland

Eurobattery Minerals AB – a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals – has announced that FinnCobalt Oy has informed the company about its expansion in eastern Finland with a new granted reservation for applying an exploration permit over the highly prospective Varislahti prospect (“the Varislahti prospect”). The prospect covers over 23.6 km2 of ground highly prospective for Outokumpu-type deposits (cobalt-copper-nickel-zinc-gold).

Eurobattery Minerals has the option to acquire 100% of FinnCobalt Oy in a staged acquisition.

To meet Europe’s high and ever-increasing demand for battery minerals, the region needs to open more mines for these critical raw materials. Based on this demand, exploring new mineral deposits is a fundamental part of our business and I am very pleased that we are expanding our operations further in Finland, one of the most mining friendly countries
in Europe“, said Roberto García Martínez, CEO of Eurobattery Minerals.

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