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Minerals
Batteries
Electric Vehicles
What we do
Ethical and fullytraceable minerals
for the electricrevolution
How we do it
Our focus is to explore and
develop several nickel-cobalt-
copper projects in Europe to
supply raw materials critical to
the expanding electric vehicle
battery market. This puts us in
the center of the fast developing
battery value chain.
Market insights
Projections state that: • By 2040 there will be 500
million passenger EVs and 40 million commercial EVs on roads around the globe
• 57 percent of all passengervehicle sales and 30+ percentof the global passanger vehiclefleet will be electric in 2040
• A vast majority of the transportation sector, includingcars, buses, trucks, ferries and planes will be electrified in the coming decades
The Electric Revolution (EV) is happening right now
WORLD: MARKET LI-ION BATTERIES BY END USE (GWH)
Source: Roskill
The Electric Revolution
• Annual lithium-ion battery demand for EVs is growing rapidly
• Battery cell manufacturing capacity will pass 1TWh by 2025
(Source: Bloomberg NEF)
Source: Vale
The Electric Revolution
• Raw materials such as nickel, cobalt and copper are the most expensive parts of a battery
• Nickel and cobalt demand is growing fast
• Demand for battery grade nickel forecast to increase up to 10x in 10 years
EU and the electric revolution – two main drivers
1. Geopolitically important to focus on raw material sourcing from within the EUDespite the fact that Europe hosts very large automotive industry players, only 2 percent of the batteries needed in the EU are produced within the region
2. Sustainability focus driving local production and sourcing of raw materialThe EU commission has clearly stated that in order to achieve EU’s goal to be climate neutral by 2050, it is of essence that Europe assumes the role of global leader in sustainable battery production
Ethical and sustainability issues
• Majority of all battery minerals extracted outside Europe
• Pollutions due to lack of controland old methods
• Child labour and poor workingconditions
• Lithium mining in Congo compared to blood diamonds
Recent affairs driving our business
Tesla needs more green nickelAugust 22, 2020
Northvolt and BMW in collaborationJuly 16, 2020
EV sales increases despite pandemic August 25, 2020
With this in mind – ourvision is very clear
Eurobattery Minerals Vision
Help Europe to
become self-sufficient
in ethical and fully traceable
battery minerals.
• Nickel
• Cobalt
• Copper
• Lithium
• Manganese
• Rare earth elements
In EV batteries the following minerals are included
• Nickel
• Cobalt
• Copper
• Rare Earth Elements
Our primary focus: Ni-Co-Cu-REE
Major Ni-Co-Cu-REE producing countries
Chile produces around 28% of the worlds mined copper
The Democratic Republic of the Congo mines 71% of the worlds production of cobalt
China mines 73% of the worlds rare earth elements
Indonesia mines 34% of the worlds mined nickel.
The Philippines mines 17% ofthe worlds mined nickel
Peru produces around 14% of the worlds mined copper
Projects
Europe is our focus
Business model
Eurobattery Minerals has several ongoing and parallel batteryminerals projects in the different stages of the process.
ExplorationReconnaissance drillingGeochemistryGeophysicsMapping
Resource definitionInfill drillingStep-out drilling
Scoping studyPreliminary technical studyPreliminary economic study
Feasability StudyDetailed technical studyDetailed economic study
DevelopmentConstructionCommissioning
ProductionFull-scale metal production and delivery
Focus Hautalampi Mine (Finland)
• Located in the world famous OutokumpuMining camp area, 345 km from Helsinki
• Excellent location for mine development; strong local support for mining; municipality evolved from mining town into industrial centre
• Ideally positioned for the burgeoning EV battery manufacturing market in northern Europe
• Aiming to supply traceable & responsible nickel and cobalt chemicals for the EV battery industry
Focus Hautalampi Mine (Finland)
• Over 530 drill holes completed on Project area for 80,000m of drilling
• Ore body delineated over 1,000m in strike, up to 150m wide and 30m thick
• Strong technical aspects to processing with commercial grades of Ni-Co and Cu concentrates being produced: • 6% Ni, 1.7% Co concentrate with
~85% Ni and ~75% Co recovery • 25% Cu, 5g/t Au, 60g/t Ag with ~85% Cu
recovery
• Located ~60km from La Coruna in the Mining friendly region of Galicia, NW Spain
• Three prospect zones in Corcel; active Castrizand planned Monte Mayor and Monte Castello – all in close proximity
• For the entire area, Eurobattery Minerals have a full mining license
• Planning underway to apply proven mineral exploration strategy also to Monte Mayor and Monte Castello
Focus Corcel projects (Spain)
Focus Castriz prospect (Spain)
• Final drilling results in Castriz shows larger prospect zone than expected and confirms high amount of nickel and cobolt
• Drilling confirms maximum assay results of up to 0.69% Ni, 0.28% Cu and 0.02% Co as identified in soil sampling
• Mineral analysis underway to evaluate economic potential for a large tonnage resource
Case High Base LowPit depth 250m 200m 150m
Pit width 250m 250m 250m
Pit length 1,400m 1,400m 1,400m
Pit wall angle 70° 70° 70°
Density (g/cc) 2.7 2.7 2.7Total tonnes 150.3Mt 134.0Mt 110.8Mt
Strip ratio 0.5:1 0.5:1 0.5:1
Resource 100.2Mt 89.3Mt 73.9Mt
Ni grade 0.5% 0.5% 0.5%
Co grade 0.02% 0.02% 0.02%
Cu grade 0.18% 0.18% 0.18%
Ni tonnes 541,000 482,000 399,000
Co tonnes 30,000 27,000 22,000
Cu tonnes 180,000 161,000 133,000
Exploration target Castriz (Spain)
• Several licences in Sweden covering a total of 25.2 km2
• Conducted metallurgical and surface evaluations to asses potential of the different licences
• Collaboration with the University of Uppsala and the University of Krakow on potential for rare earth minerals in the licenced areas
• Projects warrant further exploration
Focus Sweden
The Company
Timeline major events
2020 JULY 17Eurobattery Minerals
rights issue subscribed to 209
percent
2009Founded as
Resolution Energy RE AB
2014Name change
to Orezone
2015 JUNE 22Going public on Spotlight Stock
Market
2019 FEBRUARY 24 Acquire CorcelMinerals S.L.
2019 MARCH 1Roberto García
Martínez new CEO
2019 APRIL 19 Listed on NGM
2019 JULY 1 Orezone change
name to EurobatteryMinerals
2019 DECEMBER 4 Eurobattery Minerals
enter research agreement with university of Uppsala and Krakow on vanadium
in Fetsjön project,
2020 MAY 11 Eurobattery
announce option to acquire
Hautalampi nickel, copper and cobalt
mine
2020 JUNE 17 Henrik Johannsson
new chairman of the board
2020 JUNE 22 High proportion of
nickel sulphide confirmed in Corcel
2020 JULY 11 Drilling commence
at Hautalampiproject
Partners / projects
Smart, Sustainable and Safe MINE operations: towards integrated innovative solutions to secure a self-sufficient European raw materials based economy
(S3-MINE)
Programme - Call H2020 SC5-10-2019-2020 “Raw materials innovation actions: exploration and Earth observation in support of sustainable mining”
Type of action Innovation Action (IA) Deadline First stage – 13th February 2020
Second stage – 3rd September 2019 Link to info https://ec.europa.eu/info/funding-tenders/opportunities/portal/screen/opportunities/topic-
details/sc5-10-2019-2020
THE CALLSPECIFIC CHALLENGE
Securing the sustainable access to raw materials, including metals, industrial minerals and construction raw materials, and particularly Critical Raw Materials (CRM), is of high importance for the EU economy. Substitution provides an alternative approach to reduce the EU’s consumption of CRMs and decrease the relative dependence upon imports as well as related adverse environmental impact, and therefore ensures the sustainable supply of critical raw materials to the EU.
The challenge for industry is to scale up promising technologies raw materials production or substitution of critical raw materials, and to demonstrate that raw materials can be produced in an innovative and sustainable way in order to ensure that research and innovation end up on the market, to strengthen the competitiveness of the European raw materials industries, to meet the ambitious energy and climate targets for 2030, to minimise environmental impacts and risks and to gain the trust of EU citizens in the raw materials sector.
This specific challenge addresses a major target of the European Innovation Partnership (EIP) on Raw Materials: the development of "innovative pilot actions"[1] (subtopic c. Mining Pilots).
SCOPE
Actions should develop innovative pilots demonstrating clean and sustainable production or substitution of non-energy non-agricultural raw materials in the EU, finishing at Technology Readiness Levels (TRL) 6-7.
All actions should contribute to achieving the objectives and targets of the EIP on Raw Materials and to building the EU knowledge base of primary and secondary raw materials by feeding into the EC Raw Materials Information System – RMIS.
Actions should also contribute to improving the awareness of relevant external stakeholders and the general public across the EU about the importance of raw materials for society, the challenges related to their supply within the EU and about proposed solutions which could help to improve society's acceptance of and trust in sustainable raw materials production in the EU, duly taking into account the applicable EU environmental legislation.
All actions should facilitate the market uptake of solutions developed through industrially- and user-driven multidisciplinary consortia covering the relevant value chain and consider standardisation aspects when relevant.
All proposals should justify the relevance of the selected pilot demonstrations in different locations within the EU (and also outside if there is a clear added value for the EU economy, industry and society).
A non-profit organization whose main task is to expand the concept of "development"
in the mining and minerals industry.
The purpose is to ensure that all Europeans benefit from safer traffic, cleaner vehicles and more sustainable technological
solutions. All this will be achieved by creating a competitive and sustainable battery cell manufacturing value chain in Europe.
The primary objective of S3-MINE is the development and implementation of mining pilot programmes at ten different
facilities in six different EU countries. The focus of this partnership is on Mining industry, related industries and
services and global value chains.
Collaboration with two leading universities – Uppsala University and Krakow AGH University of Science &
Technology in Krakow – in efforts to find new ways to recover rare earth elements (REE) from apatite without the
risk of getting unwanted residuals.
The European Raw Materials Alliance (ERMA) aims to make Europeeconomically more resilient by diversifying its supply chains, creating
jobs, attracting investments to the raw materials value chain, fosteringinnovation, training young talents and contributing to the best enabling
framework for raw materials and the Circular Economy worldwide.
The Initiative for Responsible Mining Assurance (IRMA) is the answerto a global demand for more socially and environmentally
responsible mining. IRMA offers true independent third-party verification and certification against a comprehensive standard for
all mined materials that provides ‘one-stop coverage’ of the full range of issues related to the impacts of industrial-scale mines.
Management and board
Roberto García Martínez, CEO and board member Roberto has more than 25 years’ experience in the mining industry at the international level. During his career, he has worked on both the theoretical and practical sides of the exploration and mining industry. He has been President and CEO of major mining groups in Africa (2006–2018). Roberto has worked with company strategies, marketing, mining M&M and exploration management. Roberto is a Doctor of Law and has a bachelor’s degree in economics and industrial psychology.
Henrik Johannesson, Chairman of the boardHenrik holds more than 20 years of international executive leadership experience, including a number of key positions as member of the senior management group of Oriflame Cosmetics; Managing Director Croatia, Managing Director Vietnam, Managing Director Iran, Regional Director Turkey & N. Africa, Vice President Latin America and Vice President & Head of Africa. Henrik has led executives and organizations >600FTE (sales, marketing, finance, IT, operations, HR) with full P&L responsibility across most continents with focus on growth and new market entries. At current Henrik is an active investor with engagement in businesses varying from anti-doping (sports), tech & digital platforms, telecom, gyms and health supplements. Prior to venturing into general management Henrik was a lawyer at Vinge Law Firm with focus on M&A. Henrik holds a LLM Master of Laws from Lund University, has studied business at Stockholm School of Economics and has completed Executive Education at Harvard Business School..
Jan Olof Arnbom, Board memberMaster’s licentiate in geology from Uppsala University. Among other things, Jan Olof was head of unit for the Geological Survey of Sweden for the period 2007–2017. Jan Olof has also worked as a geo consultant with various assignments for several consulting firms including Bjerkings ingenjörsbyrå, SGAB and IVL Svenska Miljöinstitutet.
* Top 10 hold 44,69%
Major shareholders
Ulex Recursos S.L. 1,115,255 8,09%
Marbury Ridge Ltd 966,116 7,01%
Andrew Randall 841,368 6,10%
Avanza Pension 779,602 5,66%
Kimberly Wrixon 686,200 4,98%
Corporate summary
Financial Information
Nordic Growth Market (NGM) Code BAT
Number of outstanding shares 13.7m
Company registration May 2015
Share Price and Market Capitalisation available at NGM
Growth of EV market
We have licences
EUs strategic focus on battery
minerals
Promising results from our
projects
Ethical and traceable minerals
Macro highlights Internal highlights
Investment highlights
