Eurobattery Minerals AB (NGM:BAT) will look for mergers and acquisitions. Eurobattery Minerals 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'). The subscription price for subscription of new shares by exercise of Warrants has been determined to SEK 2.44 per share.

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.