Eurobattery Minerals signs former CEO of leading Spanish wolfram project for Tungsten San Juan

Stockholm, 21 July 2025 – Eurobattery Minerals AB (Nordic Growth Market: “BAT” and Börse Stuttgart: “EBM”; in short: “Eurobattery Minerals” or the “Company”) – a growth-oriented mining company focused on critical raw materials for the European green transition – is pleased to announce the appointment of Agne Ahlenius as Managing Director to lead the company’s San Juan Tungsten Project in Galicia, Spain. Mr. Ahlenius brings extensive international experience in the mining industry and previously served as CEO of the Barruecopardo tungsten mine, a project widely recognized as a benchmark for responsible and sustainable mining practices in Spain. In addition to his fluency in Spanish, Mr. Ahlenius has a deep understanding of the Spanish regulatory environment and has successfully collaborated with governmental authorities at various levels. His proven track record and leadership make him ideally suited to advance Eurobattery Minerals’ strategic goals and sustainability ambitions for the San Juan project.

The Company has signed Agne Ahlenius, a senior mining executive with more than 35 years of international experience in mine development and operations, to head the San Juan project. His proven track record across both underground and open-pit mines and his outstanding reputation as a leader in sustainable mining will be pivotal to the success of the San Juan wolfram mine.

Mr. Ahlenius has held top-level positions in leading Spanish and international mining operations, including roles such as Mine Manager at Boliden AB, Operations Manager for MATSA in Spain, and CEO at Lundin Mining for Zinkgruvan Mining AB in Sweden. He holds a Master of Science in Mining Engineering from Luleå University of Technology, Sweden.

Most recently, Mr. Ahlenius served as COO and later CEO of the Barruecopardo mine in Spain, a benchmark for responsible and sustainable mining practices within the EU. The project was awarded “The 2024 SME of the Year Award” in Salamanca, something that recognizes its economic contribution, sustainability, and export focus.

Under Mr. Ahlenius´ leadership, the Barruecopardo mine:

• Achieved top environmental and safety standards under EU directives.
• Implemented clean technologies (e.g. environmentally friendly ore separation and closed water circuits).
• Improved mine operations, reducing costs by over 25%.
• Recorded zero lost-time injuries (LTI) over more than two years.
• Contributed to the revitalization of the local region, generating over 200 jobs (80% local), contributing to community initiatives, and receiving national awards for sustainability and economic impact.

Mr. Ahlenius brings a unique blend of Nordic precision and Iberian insight. A Swedish national, he has been living and working in Spain for over 25 years, deeply embedded in the country’s mining sector, regulatory framework, and local culture. He is fluent in Spanish (apart from speaking three other languages) and he brings extensive experience in working with the Spanish administration at all levels – national, regional (autonomous communities), and local – and has deep knowledge of the administrative procedures related to mining projects. This gives him the perfect vantage point to lead the San Juan project in line with both Swedish and Spanish values — safety, transparency, social responsibility, and long-term thinking.

“Agne´s extensive experience, local understanding, and sustainability-driven leadership make him the perfect person to take our San Juan project into the next phase,” said Roberto García Martínez, CEO of Eurobattery Minerals. “This appointment is a cornerstone in our strategy to provide responsibly mined critical raw materials from Europe for Europe — with a strong focus on environmental care, positive community impact, and long-term shareholder value.”

The San Juan wolfram project is set to begin pre-operational work in July 2025, with production scheduled for H2 2026. Eurobattery Minerals recently proposed a SEK 78.5 million rights issue to fund the majority stake acquisition in the project and further develop its battery mineral assets in Finland.

The Company has also signed a Letter of Intent for an offtake agreement with Wolfram Bergbau und Hütten AG, the Austrian tungsten producer owned by Swedish Sandvik Group, underscoring the project’s strategic European alignment.

Agne Ahlenius said: “I am genuinely excited to join Eurobattery Minerals and lead the San Juan project at this pivotal time. Europe urgently needs responsibly sourced raw materials to secure its green transition and industrial resilience. I strongly believe that mining can — and must — be done in a way that respects people, nature, and future generations. At San Juan, we will focus on creating long-term value not just for shareholders, but also for the local community through job creation, environmental stewardship, and transparent, sustainable practices. This is what a social licence to operate looks like — and I am proud to help build it here in Galicia.”

This appointment reflects Eurobattery Minerals’ commitment to building local trust and social licence to operate, while ensuring that Europe's green transition is powered by traceable, responsible, and locally sourced raw materials. By building on Mr. Ahlenius proven track record from the Barruecopardo project — widely recognised as a benchmark for sustainable mining in Spain — we aim to raise the bar even further and deliver excellence across all aspects of the San Juan wolfram project.

A more detailed presentation of Agne Ahlenius and his background is attached as a PDF to this press release.

About Eurobattery Minerals

Eurobattery Minerals AB is a Swedish mining company listed on Swedish Nordic Growth Market (BAT) and German Börse Stuttgart (EBM). With the vision to make Europe self-sufficient in responsibly mined minerals, the Company’s focus is to realize numerous mining projects in Europe to supply critical raw materials and, by doing so, power a cleaner and more just world.

Please visit www.eurobatteryminerals.com for more information. Feel free to follow us on LinkedIn as well.

Contacts

Roberto García Martínez – CEO

E-mail: info@eurobatteryminerals.com

Contact Investor Relations

E-mail: ir@eurobatteryminerals.com

Mentor

Augment Partners AB is the mentor to Eurobattery Minerals AB

Phone: +46 (0) 86 042 255

E-mail: info@augment.se