Eurobattery Minerals Achieves Debt-Free Status

Stockholm, 23 February 2026 – Eurobattery Minerals AB has announced a significant financial milestone. Fenja Capital II A/S has converted the final tranche of convertible instruments into new shares. This conversion leaves Eurobattery Minerals free from any convertible debt or similar external debt instruments, marking a key step in the company's financial stability and strategic flexibility.

The conversion relates to a nominal value of SEK 1,250,000 with new shares issued at SEK 0.09 per share. Following this transaction, 13,888,889 new shares have been issued, leading to a dilution of approximately 1.6%. This event was anticipated by the market, ensuring no further dilution effects.

This debt elimination enhances the company's balance sheet, ensuring transparency and strategic freedom to focus on mineral projects amid Europe's rising demand for domestic resources.