Eurobattery Minerals Reduces Convertible Debt by 50%

Stockholm, 23 February 2026 – Eurobattery Minerals AB announced that Fenja Capital II A/S converted SEK 1,250,000 of its convertible instruments into equity, cutting the company's convertible debt by half. This step is seen as crucial in enhancing the company's financial strength and balance sheet.

Issued initially on 27 November 2024, the convertible instruments totaled SEK 2,500,000. The conversion price stands at SEK 0.09 per share, resulting in the issuance of 13,888,889 new shares. Post-conversion, Fenja retains instruments worth SEK 1,250,000, potentially convertible at the same price.

This move aligns with the company's strategic focus on European mineral projects, especially as the EU intensifies its raw material initiatives. The conversion improves financial transparency and strategic flexibility, reducing dilution concerns to 1.6% with 883,523,412 total shares now in circulation.