SRH AlsterResearch initiates coverage of Eurobattery Minerals AB
Stockholm, 7 December 2022 – SRH AlsterResearch's analysts have initiated coverage of Eurobattery Minerals AB (Nordic Growth Market: BAT and Börse Stuttgart: EBM; in short: "EBM", "Eurobattery" or "the Company"). The independent analysts have issued a speculative BUY recommendation with a price target of SEK 12.25 for the shares of the junior miner focused on the responsible mining of battery minerals. At the current share price of SEK 4.73, this corresponds to a price potential of 159%. The corresponding euro target price is EUR 1.12 based on an exchange rate of EUR 0.0918 per SEK (current share price: EUR 0.43). The assessment is based on EBM's good positioning to benefit from the rapidly increasing demand for minerals such as nickel, cobalt or copper, which are essential for the electrification of the global Automobile industry. EBM will be able to meet this demand thanks to the high forecast mineral deposits.
The calculation of the target price is based on a post money valuation, taking into account the current capital increase of up to SEK 50 million, which is intended to increase the Company´s stake in the main resource Hautalampi. The analysts' valuation so far only takes into account the existing 40% share in Hautalampi. The expansion of the shareholding expected during the capital measure consequently offers further upside potential.
In its initial study, AlsterResearch highlights that EBM's projects are located exclusively in tier-1 countries such as Sweden, Finland and Spain. Ethical, traceable, and environmentally friendly aspects make EBM an ideal ESG-compliant investment and complete the analysts´ overall positive outlook. Moreover, EBM has a strong track record of increasing mineral estimates of flagship projects. This reflects well on the quality and assessment capability of EBM's Management. A contributing factor to the analysts' positive assessment is the fact that EBM's main resources at Hautalampi, Finland, are categorized as "measured resources" with a probability greater than 90% of resource availability and purity, and these have already reached the feasibility stage. This sets EBM apart from other mining companies that have less mature and therefore less probable mining resources.
The detailed research study is available for download on the Eurobattery Minerals AB website under the following link:
About AlsterResearch AG
AlsterResearch AG is an independent equity research house that focuses on the analysis and marketing of listed German and selected European stocks. The entire coverage of nearly 100 companies can be accessed freely via the digital ResearchHub (www.research-hub.de). The target groups are in particular boutique funds, family offices and independent money managers in Germany and abroad, which are nowadays cut off from professional research due to regulations such as MiFiD II.
About Eurobattery Minerals
Eurobattery Minerals AB is a Swedish mining company listed on Swedish Nordic Growth Market (BAT) and German Börse Stuttgart (EBM). With the vision to make Europe self-sufficient in responsibly mined battery minerals, the company’s focus is to realize numerous nickel-cobalt-copper projects in Europe to supply critical raw materials and, as such, power a cleaner world.
Contact Eurobattery Minerals AB
Roberto García Martínez – CEO
Email: [email protected]
Contact Investor Relations
Phone: +49 (0) 89-1250903-35
Email: [email protected]
Augment Partners AB is the mentor to Eurobattery Minerals AB
Phone: +46 (0) 86 042 255
Email: [email protected].
Copperstone uppdaterar kring miljötillståndsansökan för Viscariagruvan
Copperstone Resources AB (publ) har erhållit ett kompletteringsföreläggande från Mark- och miljödomstolen (MMD) avseende bolagets ansökan om miljötillstånd för återöppnandet av Viscariagruvan i Kiruna. Copperstone bedömer inte de efterfrågade kompletteringarna som tidskrävande. Bolaget avser att ski...
Copperstone updates on the environmental permit application for the Viscaria mine
Copperstone Resources AB (publ) has received a request for supplementary information from the Land and Environment Court regarding the company’s application for an environmental permit for the reopening of the Viscaria mine in Kiruna. Copperstone estimates that the requested information can be compl...
Akobo Minerals wins prestigious ESG Nature award at Mining Indaba
Jørgen Evjen, CEO of Akobo Minerals, said: “We are proud to have been recognized for our ESG efforts by winning this prestigious award for our ESG work by such an industry-respected organization. We understand that to be a successful company, ESG will always be at the heart of our activ...
Svenska Aerogel Holding AB (publ) har beslutat om en riktad konvertibelemission om 20 MSEK för att accelerera viktiga kundsamarbeten
Styrelsen i Svenska Aerogel Holding AB (publ) (“Svenska Aerogel” eller “Bolaget”) har idag, med stöd av emissionsbemyndigandet från årsstämman den 27 maj 2022, beslutat att uppta ett konvertibelt lån om 20 MSEK genom en riktad emission av konvertibler till Gästrike Nord Invest AB, ett bolag som kont...