Eurobattery Minerals Increases Stake in Spanish Subsidiary

On 23 June 2026, Eurobattery Minerals AB announced an increase in ownership of their Spanish subsidiary, Tungsten San Juan S.L. (TSJ), to 58.58%. The decision followed the General Meeting of Shareholders' approval of a capital increase through a debt-to-equity conversion worth EUR 700,000. This move enhances Eurobattery Minerals' majority stake, initially at 51%.

Located in A Gudiña, Galicia, the San Juan tungsten project is set to commence production by the first quarter of 2027. The increased ownership reflects Eurobattery Minerals' commitment to becoming a pivotal supplier in the European supply chain, aligning with the continent’s goal of securing strategic autonomy for critical raw materials.

CEO Roberto García Martínez emphasized the company's dedication to responsibly producing European tungsten and noted positive progress in metallurgical testwork and planning activities. The San Juan project currently holds all necessary permits for mining, reinforcing Eurobattery Minerals' strategy of prioritizing Europe-first mineral sourcing.