{"id":3086,"date":"2022-02-08T15:29:07","date_gmt":"2022-02-08T13:29:07","guid":{"rendered":"https:\/\/www.finncobalt.com\/eurobattery-minerals-expands-operations-in-finland\/"},"modified":"2022-02-08T15:29:07","modified_gmt":"2022-02-08T13:29:07","slug":"eurobattery-minerals-expands-operations-in-finland","status":"publish","type":"post","link":"https:\/\/www.finncobalt.com\/en\/eurobattery-minerals-expands-operations-in-finland\/","title":{"rendered":"Eurobattery Minerals expands operations in Finland"},"content":{"rendered":"<p><strong>Stockholm, 8th February 2022<\/strong> \u2013 Eurobattery Minerals AB (Nordic Growth Market: \u201cBAT\u201d and B\u00f6rse Stuttgart: \u201cEBM\u201d), a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, today announces that FinnCobalt Oy has informed the company about its expansion in eastern Finland with a new granted reservation for applying an exploration permit over the highly prospective Varislahti prospect (\u201cthe Varislahti prospect\u201d). The prospect covers over 23.6 km2 of ground highly prospective for Outokumpu-type deposits (cobalt-copper-nickel-zinc-gold). Eurobattery Minerals has the option to acquire 100% of FinnCobalt Oy in a staged acquisition. \u201cTo meet Europe\u2019s high and ever-increasing demand for battery minerals, the region needs to open more mines for these critical raw materials. Based on this demand, exploring new mineral deposits is a fundamental part of our business and I am very pleased that we are expanding our operations further in Finland, one of the most mining friendly countries in Europe&#8221;, said Roberto Garc\u00eda Mart\u00ednez, CEO of Eurobattery Minerals.  <\/p>\n<p><strong>Key points:<\/strong><\/p>\n<ul>\n<li>FinnCobalt expands its footprint in eastern Finland being granted a reservation for exploration over the highly prospective Varislahti project.<\/li>\n<li>Located ~10km west from the FinnCobalt Hautalampi project, Varislahti contains similar prospective rocks known to contain Co-Cu-Ni-Zn deposits.<\/li>\n<li>In the area there is already one known deposit, Riihilahti deposit with historical mineral resources defined at total <strong>0.7 Mt @ Cu 0.72 %, Co 0.09 %, Ni 0.03 %, Zn 0.09 %, Au 0.3 ppm, Ag 6 ppm, S 3.84 %<\/strong><\/li>\n<li>In addition, the area has historical drilling with some very interesting battery metals drill core intersections including:\n<ul>\n<li>Usi-11 8.6m @ Cu 0.23 %, Co 0.25 % inc. 1.25m @ Cu 0.46 %, Co 0.61 %<\/li>\n<li>Usi-10 0.95m @ Cu 0.59 %, Co 0.09 %<\/li>\n<\/ul>\n<\/li>\n<li>FinnCobalt Oy will commence works in the area by compiling existing geological information and will prepare a plan for future exploration in the area.<\/li>\n<\/ul>\n<p>The Varislahti cobalt-copper-nickel-zinc prospect is ideally located to infrastructure and FinnCobalt\u2019s current base of operations being approximately 10 km west of the Hautalampi project (Fig. 1).<\/p>\n<p>Importantly, the prospective Outokumpu-type rock formations occur in the reservation area. The same formation hosts the Hautalampi Ni-Co-Cu deposit and other major mineral prospects and deposits. A reservation gives priority right to FinnCobalt to apply for an exploration permit over the area.<\/p>\n<p>Figure 1. Varislahti reservation area (green area) in relation to Hautalampi project (red).<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/mb.cision.com\/Public\/12124\/3500227\/beebe1051842bb1b_800x800ar.png\" alt=\"beebe1051842bb1b_800x800ar\"><\/figure>\n<p><strong>For more information, please contact:<\/strong><\/p>\n<p>Roberto Garc\u00eda Mart\u00ednez, CEO of Eurobattery Minerals<\/p>\n<p><a href=\"mailto:press@eurobatteryminerals.com\">press@eurobatteryminerals.com<\/a><\/p>\n<p><strong>Follow us:<\/strong><\/p>\n<p>LinkedIn: <a href=\"https:\/\/www.linkedin.com\/company\/eurobattery-minerals-ab\/\">https:\/\/www.linkedin.com\/company\/eurobattery-minerals-ab\/<\/a><\/p>\n<p>Twitter: <a href=\"https:\/\/twitter.com\/eurobatterymin\">https:\/\/twitter.com\/eurobatterymin<\/a><\/p>\n<p><strong>About Eurobattery Minerals<\/strong><\/p>\n<p>Eurobattery Minerals AB is a Swedish mining company listed on NGM Nordic SME (BAT) and B\u00f6rse Stuttgart (EBM). As the foundation of the battery value chain, the company\u2019s vision is to help Europe become self-sufficient in ethical and fully traceable battery minerals for the electric vehicle industry. The company is focused on exploration and development of several nickel-cobalt-copper projects in Europe to supply sustainably mined raw materials critical to the rapidly growing battery market.<\/p>\n<p>Visit <a href=\"http:\/\/www.eurobatteryminerals.com\/\">www.eurobatteryminerals.com<\/a> for more information.<\/p>\n<p>Augment Partners AB, e-mail: info@augment.se, phone: +46 8-604 22 55, is the company\u2019s Mentor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stockholm, 8th February 2022 \u2013 Eurobattery Minerals AB (Nordic Growth  [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":2910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52],"tags":[],"class_list":["post-3086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uutiset-en"],"_links":{"self":[{"href":"https:\/\/www.finncobalt.com\/en\/wp-json\/wp\/v2\/posts\/3086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.finncobalt.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finncobalt.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finncobalt.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finncobalt.com\/en\/wp-json\/wp\/v2\/comments?post=3086"}],"version-history":[{"count":0,"href":"https:\/\/www.finncobalt.com\/en\/wp-json\/wp\/v2\/posts\/3086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finncobalt.com\/en\/wp-json\/wp\/v2\/media\/2910"}],"wp:attachment":[{"href":"https:\/\/www.finncobalt.com\/en\/wp-json\/wp\/v2\/media?parent=3086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finncobalt.com\/en\/wp-json\/wp\/v2\/categories?post=3086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finncobalt.com\/en\/wp-json\/wp\/v2\/tags?post=3086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}