Eurobattery Minerals (BAT) Update Summary Company Overview - Eurobattery Minerals is a Swedish mining company focused on battery sector metals with projects in Finland and Spain [2][3] - The company is listed on NGM in Sweden and Börse Stuttgart in Germany [2] Key Projects 1. **Tungsten San Juan Project (Spain)** - Located in Galicia, with a proven resource of 60,000 tons of ore at a rate of 1.3% tungsten [20] - Expected to start generating cash flow by the end of next year [4][23] - Has all necessary permits and licenses [5][12] - Offtake agreement with a subsidiary of the Sandvik Group, ensuring a buyer for the tungsten produced [43][44] 2. **Hautalampi Project (Finland)** - Contains over 4.5 million tons of nickel, copper, and cobalt [26] - Project lifespan estimated to be over 10 years [26] - Currently awaiting environmental permit approval [27] 3. **Corcel Project (Spain)** - Focused on nickel, copper, and cobalt but currently on hold [28] Investment Case Highlights - Short-term cash revenue potential from Tungsten San Juan [4] - New CRMA Act passed by the European Parliament, facilitating faster permitting processes for mining projects [6][12] - Significant increase in tungsten prices, up nearly 50% this year, currently over $500 per metric ton [7][39] - Diversification of projects with metals critical for various industries, including defense [8][9][11] Strategic Importance - The four metals (nickel, cobalt, copper, tungsten) are critical for the European Union, especially in light of geopolitical tensions affecting supply chains [10][11] - Eurobattery Minerals aims to contribute to the EU's goal of self-sufficiency in critical materials [15][31] Future Outlook - Ambitious plans to complete the investment chain for Tungsten San Juan and finalize the feasibility study for Hautalampi within the next 12 months [48][49] - The company aims to transition from a junior mining company to a producer within a year [49][52] Management and Team - The management team has extensive industry experience, including expertise in permitting and geological knowledge [29][30] Conclusion - Eurobattery Minerals is positioned to capitalize on the growing demand for critical metals in Europe, with projects ready to generate cash flow and a strong management team guiding the company towards its strategic goals [52]