Eurobattery Minerals strengthens Finnish Hautalampi team with new experienced Managing Director

EQS-News: Eurobattery Minerals AB / Key word(s): Personnel Eurobattery Minerals strengthens Finnish Hautalampi team with new experienced Managing Director 25.11.2022 / 10:05 CET/CEST The issuer is solely responsible for the content of this announcement. Eurobattery Minerals strengthens Finnish Hautalampi team with new experienced Managing Director

Stockholm, 25 November 2022 – The mining company Eurobattery Minerals AB (Nordic Growth Market: “BAT” and Börse Stuttgart: “EBM”; in short: “EBM”, “Eurobattery” or “the Company”) today announced that Mr. Ilari Kinnunen has been appointed new Managing Director (MD) of FinnCobalt Oy in Finland as of 01^st of March 2023, replacing the current MD Markus Ekberg, who will be retiring. Markus Ekberg will continue as the Chairman of the Board of FinnCobalt Oy. Mr. Ilari Kinnunen, will be responsible for the development and operations of Hautalampi battery mineral mine development project. Eurobattery Minerals owns 40% of the FinnCobalt Oy and Hautalampi project and has the option to acquire 100%.

“I am very pleased to welcome Ilari to Eurobattery Minerals. With his experience, he will be instrumental in developing our battery mineral project in Finland into a mine. At the same time, I would like to express my big gratitude to Markus, who has been a critical part of our operations in bringing us this far. In his position, he has paved the way for a very promising battery mineral mine in Finland,” said Roberto García Martínez, CEO of Eurobattery Minerals.

Ilari Kinnunen brings almost 20 years of experience in different roles in the mining sector. Most recently, he was the Senior Mining Manager in Finland at global company Elementis Minerals Oy, where he previously held several other senior positions. Ilari has an M. Sc. in Mineral Engineering from the Aalto University, department of chemistry and material science. He will be based in Outokumpu in Finland, where the Hautalampi project is located.

“I am excited to join Eurobattery Minerals and take on the responsibility of developing the highly promising Hautalampi mine project with the rest of the talented team. Having the full right to exploit all the mineral resources in the mining concession area the pre-feasibility study is our next priority,” said Ilari Kinnunen.