Eurobattery Minerals AB Achieves Debt-Free Status

On March 23, 2026, Eurobattery Minerals AB announced that they have become free of convertible debt as Fenja Capital II A/S converted their remaining convertible bonds into new shares. This conversion marks a significant milestone for the company, particularly during the advancement of their San Juan tungsten project in Galicia, Spain.

This final conversion of SEK 1,250,000 follows previous conversions, resulting in the issuance of 13,888,889 new shares, and brings the total number of shares to 976,258,262. The full conversion leaves the company with no remaining convertible debt, thus simplifying their balance sheet and eliminating future dilution concerns.

CEO Roberto García Martínez emphasized the importance of this achievement, stating that it strengthens Eurobattery Minerals' position to engage with partners and capitalise on the demand for critical minerals in Europe. With a cleaner balance sheet and greater strategic flexibility, the company is well-positioned to advance its projects and pursue new opportunities.