Hi all!
I'll write in English since I am from Sweden, and don't know much German. Anyhow, I just wanted to share some information about Eurobattery Minerals, it's portfolio and what we could expect in the future!
So, Eurobattery Minerals has some projects in it's portfolio:
Hautalampi in Finland, Corcel in Spain and then various different projects in Sweden. The Swedish projects may be interesting in a very long term since some of them targets REE such as Vanadium. Sweden is a very "mining bureaucratic" country though, meaning permits and such takes a long time to receive. The Spanish project is mainly focused on EV metals such as nickel, cobolt and cupper. It also includes a small gold project (The Bibi project), but the company does not seem to add too much focus on it. According to CEO Roberto, the Corcel project has been somewhat halted because of the Corona situation, and I may add that this project is in an early stage - it already has a mining permit and some infrastructure, but I think it is necessary to drill more and further determine the mineral resources.
The most interesting project is the Hautalampi project.
It is an old mine which ceased in the 80's because of collapsing commodity prices. Eurobattery has an option to buy a 100% of the project, from the actual owner Finncobalt (finncobalt.com). There is already an environmental permit for underground mining, and at this moment one would like to add an open-pit permit as well. Thus, an EIA programme is initiated and will hopefully be completed in May this year. It will be directly followed by an application for environmental permit, which should take about 10-14 months at the longest.
According to Finncobalt, the resources are enough to produce minerals (nickel-cobolt-cupper) for about 30-50k EV batteries/year. But the mineral estimates (resources) is beeing further examined and they believe there are more to mine. Thus it is not a large mine.
3,15 Mt @ 0,43% Ni, 0,35% Cu, 0,12% Co with another 5,4 Mt estimated.
The plan is to mine at least 350.000 tonnes annually.
Triggers:
-Final results from phase 1 drilling - in the near future (significant resource expansion is already confirmed).
-Completion of EIA programme - said to be in may. Directly followed by application for environmental permit.
Possible triggers:
-Any information about starting up mining operations, like completion of infrastructure and such (Mining operations for Hautalampi is unlikely to begin in 2021, it seems 2022 is more likely).
-Cooperation agreements. Swedish mining company Boliden has operations within 40 km, and Finnish Terrafame has operations within 200 km. Terrafame has also built a battery minerals factory which recently got a permit that is valid directly even if objections are made
-Updates on final financing fot Hautalampi (a rumour says EBM is already in a stage where they discuss this with lendors, although I don't really believe it since all operations this year will focus on finalizing a new JORC).
-Acquisition of new projects.
-EU fundings (Hautalampi received 630.000 euro earlier)
-Cooperations within IRMA and/or ERMA
-Updates about Corcel projects and perhaps prospecting permit for Bibi project.
-Updates from Swedish projects. |
