Corporate presentation2020-06-05

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DISCLAIMERThis presentation is for informational purposes only and does not constitute an offer to sell, or solicitation to purchase, any securities. Such Offer can be made only through proper subscription documentation and only to investors meeting strict suitability requirements. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. In providing this presentation Eurobattery Minerals AB (“BAT”) has not considered the financial position or needs of the recipient. Persons needing advice should consult their stockbroker, bank manager, solicitor, attorney, accountant or other independent financial and legal advisors.

FORWARD LOOKING STATEMENTSVarious statements in this presentation constitute statements relating to intentions, future acts and events. Such statements are generally classified as “forward looking statements” and involve known and unknown risks, uncertainties and other important factors that could cause those future acts, events and circumstances to differ materially from what is presented or implicitly portrayed herein. Prospective shareholders should not place undue reliance on these words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates” and similar expressions that are intended to identify forward-looking statements. BAT cautions shareholders and prospective shareholders not to place undue reliance on those forward looking statements, which reflect the view of BAT only as of the date of this presentation. The forward-looking statements made in this presentation relate only to events as of the date on which the statements are made.

CAUTIONARY NOTE REGARDING EXPLORATION TARGETSThe potential quantity and grade of the Exploration Target is conceptual in nature; there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration work will result in the estimation of a Mineral Resource.

Important information

Minerals

Batteries

Electric Vehicles

What we do

Ethical and fullytraceable minerals

for the electricrevolution

How we do it

Our focus is to explore and

develop several nickel-cobalt-

copper projects in Europe to

supply raw material critical to

the expanding electric vehicle

battery market. This makes us

the foundation of the battery

value chain.

Market insights

• By 2040, 500 million passengerEVs on the road and plus 40 million commercial EVs

• 57 percent of all passengervehicle sales and +30 percentof the global passanger vehiclefleet will be electric in 2040

• The whole of the transportation sector will be electrified in the next decades, including cars, buses,trucks, ferries and airplanes

(Source: Bloomberg New Energy Finance , Electric vehicle outlook 2019)

The Electric Revolution (EV) is happening right now

WORLD: MARKET LI-ION BATTERIES BY END USE (GWH)

Source: Roskill

The Electric Revolution

• Annual lithium-ion battery demand for EVs grow rapidly

• Battery cell manufacturing capacity will pass 1TWh by 2025

(Source: Bloomberg NEF)

Source: Vale

The Electric Revolution

• Raw material such as nickel, cobalt and copper most expensive part of a battery

• Nickel and cobalt demand is growing fast

• Demand for battery grade nickel forecast to increase up to 10x in 10 years

Ethical and sustainability issues

• Majority of all battery minerals extracted outside Europe

• Pollutions due to lack of controland old methods

• Child labour and poor workingconditions

• Lithium mining in Congo compared to blood diamonds

EU and the electric revolution – two main drivers

1. Geopolitically important to focus on raw material sourcing within EUDespite major automotive industry only 2 percent of batteries needed in EU are produced in the region

2. Sustainability focus driving local production and sourcing of raw materialTo achieve EU goal to be climate neutral 2050 – EU commission says Europe to be the global leader in sustainable battery production

(Source: According to EU commission strategic plan on raw materials for battery applications)

With this in mind – ourVision is very clear

Eurobattery Minerals Vision

Help Europe to

become self-sufficient

in ethical and fully traceable

battery minerals.

• Nickel

• Cobalt

• Copper

• Lithium

• Manganese

• Rare earth minerals

In EV batteries the following minerals are included

• Nickel

• Cobalt

• Copper

Our primary focus: Ni-Co-Cu

Projects

PROJECT IN SPAIN

Projects in Spain

• Corcel ProjectNickel, copper and cobalt

• Bibi ProjectGold

Corcel

Bibi

Projects in Sweden

• Ormbäcken, VästerbottenVanadium, Molybdenum, Rare Earth Metals

• Fetsjön, VästerbottenVanadium, Molybdenum, Rare Earth Metals

• Bruksberget, VästernorrlandGold, silver, copper

• Sörtjärn, VästerbottenGold, zink, lead

• Brännkammen, VästerbottenGold, silver, zink, copper, lead

• Pahtavaara, NorrbottenGold, copper

• Piettarasjärvi, NorrbottenCopper

Piettarasjärvi

Pahtavaara

Brännkammaren

Sörtjärn

BruksbergetOrmbäcken

Fetsjön

Development & Production1-2 projects

Scoping & Feasibility2-3 projects

• Corcel Ni-Co-Cu Project

Exploration & Drilling4-6 projects

• Swedish REE projects• Project appraisal in progress

Our business model

Several projects ongoing

• Located ~60km from La Coruna in the Mining friendly region of Galicia, NW Spain

• Three prospect zones in Corcel; active Castrizand planned Monte Mayor and Monte Castello – all in close proximity

• For the entire area, Eurobattery Minerals have a full mining license

• Planning underway to apply proven mineral exploration strategy also to Monte Mayor and Monte Castello

Focus Corcel projects (Spain)

Focus Castriz prospect (Spain)

• Final drilling results in Castriz shows larger prospect zone than expected and confirms high amount of nickel and cobolt

• Drilling confirms maximum assay results of up to 0.69% Ni, 0.28% Cu and 0.02% Co as identified in soil sampling

• Mineral analysis underway to evaluate economic potential for a large tonnage resource

Case High Base LowPit depth 250m 200m 150m

Pit width 250m 250m 250m

Pit length 1,400m 1,400m 1,400m

Pit wall angle 70° 70° 70°

Density (g/cc) 2.7 2.7 2.7Total tonnes 150.3Mt 134.0Mt 110.8Mt

Strip ratio 0.5:1 0.5:1 0.5:1

Resource 100.2Mt 89.3Mt 73.9Mt

Ni grade 0.5% 0.5% 0.5%

Co grade 0.02% 0.02% 0.02%

Cu grade 0.18% 0.18% 0.18%

Ni tonnes 541,000 482,000 399,000

Co tonnes 30,000 27,000 22,000

Cu tonnes 180,000 161,000 133,000

Conceptual Bulk Tonnage Exploration Target (150-250m vertical depth):74–100Mt @ 0.41–0.68% Ni, 0.02–0.04% Co & 0.14–0.18% Cu

Exploration target Castriz (Spain)

• Several licences in Sweden covering a total of 25.2 km2

• Conducted metallurgical and surface evaluations to asses potential of the different licences

• Collaboration with the University of Uppsala and the University of Krakow on potential for rare earth minerals in the licenced areas

• Projects warrant further exploration

Focus Sweden

Exploration Work Program

The Company

Management and board

Roberto García Martínez, CEO and board member Roberto has more than 25 years’ experience in the mining industry at the international level. During his career, he has worked on both the theoretical and practical sides of the exploration and mining industry. He has been President and CEO of major mining groups in Africa (2006–2018). Roberto has worked with company strategies, marketing, mining M&M and exploration management. Roberto is a Doctor of Law and has a bachelor’s degree in economics and industrial psychology.

Monia Benbouzid, Chairman of the boardMonia Benbouzid has held a number of positions in both private and public sector, including being responsible for new markets at Clavister AB and in a number of assignments within the Swedish Green Party. Moniamost recently comes from AB Nanol Technologies Oy where she was the Marketing Manager. She has been involved in setting up a number of organizations focusing on entrepreneurship and participating in advisory groups at the government level. Her focus is on international environmental and sustainability issues.

Jan Olof Arnbom, Non-Executive DirectorMaster’s licentiate in geology from Uppsala University. Among other things, Jan Olof was head of unit for the Geological Survey of Sweden for the period 2007–2017. Jan Olof has also worked as a geo consultant with various assignments for several consulting firms including Bjerkings ingenjörsbyrå, SGAB and IVL Svenska Miljöinstitutet.

Martin Boldt-Christmas, Non-Executive DirectorMartin has twenty years of work experience from the international financial market and has been based in the US, Europe and Asia, the last twelve years in Hong Kong. Martin represents Mabury Ridge Limited and has previously worked for UBS Warburg (2000-2003) and Credit Suisse (2003-2013). Martin has a Degree in Economics and Political Science from the University of Gothenburg and one year of postgraduate education in Economics.

* Top 10 hold 60,84%

Major shareholders

Ulex Recursos S.L. 1,165,768 11,84%

Marbury Ridge Ltd 1,073,116 10,9%

Andrew Randall 792,753 8,05%

Kimberly Wrixon 646,169 6,56%

Daniel Eddington 646,169 6,56%

Corporate summary

Financial Information

Nordic Growth Market (NGM) Code BAT

Number of outstanding shares 9.8m

Company registration May 2015

Share Price and Market Capitalisation available at NGM

Growth of EV market

We have licences

EUs strategic focus on battery

minerals

Promising results from

Castriz project

Ethical and traceable minerals

Macro highlights Internal highlights

Investment highlights

Partners / projects

Smart, Sustainable and Safe MINE operations: towards integrated innovative solutions to secure a self-sufficient European raw materials based economy

(S3-MINE)

Programme - Call H2020 SC5-10-2019-2020 “Raw materials innovation actions: exploration and Earth observation in support of sustainable mining”

Type of action Innovation Action (IA) Deadline First stage – 13th February 2020

Second stage – 3rd September 2019 Link to info https://ec.europa.eu/info/funding-tenders/opportunities/portal/screen/opportunities/topic-

details/sc5-10-2019-2020

THE CALLSPECIFIC CHALLENGE

Securing the sustainable access to raw materials, including metals, industrial minerals and construction raw materials, and particularly Critical Raw Materials (CRM), is of high importance for the EU economy. Substitution provides an alternative approach to reduce the EU’s consumption of CRMs and decrease the relative dependence upon imports as well as related adverse environmental impact, and therefore ensures the sustainable supply of critical raw materials to the EU.

The challenge for industry is to scale up promising technologies raw materials production or substitution of critical raw materials, and to demonstrate that raw materials can be produced in an innovative and sustainable way in order to ensure that research and innovation end up on the market, to strengthen the competitiveness of the European raw materials industries, to meet the ambitious energy and climate targets for 2030, to minimise environmental impacts and risks and to gain the trust of EU citizens in the raw materials sector.

This specific challenge addresses a major target of the European Innovation Partnership (EIP) on Raw Materials: the development of "innovative pilot actions"[1] (subtopic c. Mining Pilots).

SCOPE

Actions should develop innovative pilots demonstrating clean and sustainable production or substitution of non-energy non-agricultural raw materials in the EU, finishing at Technology Readiness Levels (TRL) 6-7.

All actions should contribute to achieving the objectives and targets of the EIP on Raw Materials and to building the EU knowledge base of primary and secondary raw materials by feeding into the EC Raw Materials Information System – RMIS.

Actions should also contribute to improving the awareness of relevant external stakeholders and the general public across the EU about the importance of raw materials for society, the challenges related to their supply within the EU and about proposed solutions which could help to improve society's acceptance of and trust in sustainable raw materials production in the EU, duly taking into account the applicable EU environmental legislation.

All actions should facilitate the market uptake of solutions developed through industrially- and user-driven multidisciplinary consortia covering the relevant value chain and consider standardisation aspects when relevant.

All proposals should justify the relevance of the selected pilot demonstrations in different locations within the EU (and also outside if there is a clear added value for the EU economy, industry and society).

A non-profit organization whose main task is to expand the concept of

"development" in the mining and minerals industry.

The purpose is to ensure that all Europeans benefit from safer traffic, cleaner vehicles

and more sustainable technological solutions. All this will be achieved by

creating a competitive and sustainable battery cell manufacturing value chain in

Europe.

The primary objective of S3-MINE is the development and implementation of

mining pilot programmes at ten different facilities in six different EU countries. The

focus of this partnership is on Mining industry, related industries and services

and global value chains.

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