Stockholm, 4 April 2023 – The mining company Eurobattery Minerals AB (Nordic Growth Market: “BAT” and Börse Stuttgart: “EBM”; in short: “EBM”, “Eurobattery” or “the Company”) carried out a rights issue of units with subscription period from 7 December to 21 December 2022 (the “Rights issue”) consisting of shares and warrants of series TO3 (the “Warrants”). Those who subscribed in the Rights issue during the subscription period thereby received for each (1) unit one (1) new share in the Company and one (1) Warrant. Each (1) Warrant entailed the right to subscribe for one (1) new share in Eurobattery at a subscription price of SEK 2.44 per share. The subscription period extended until 31 March 2023 and a total of 7,134,746 Warrants were used for subscription of shares in the Company, corresponding to a subscription rate of approximately 57.1 per cent. The Company will thereby receive proceeds of approximately SEK 17.4 million before issue costs. The issue proceeds will be used for further investments in the Corcel and Hautalampi projects as well as for financial flexibility to enable future potentially interesting M&A possibilities.